Global Hydrofluoroether Market Prediction Based on Industry Demand and Trends

Posted by Arslan on September 27th, 2019

The report studies the hydrofluoroether market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on global hydrofluoroether market insights to its wide online database including upcoming trends and market growth factors through 2027. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

Hydrofluoroether Market – Key Insights

• Constant revisions in Montreal Protocol in addition to the passage of F-Gas Regulations by the European Union in 2014 fuelled the demand for hydrofluoroethers in an assortment of industries. The hydrofluoroether market registered a healthy CAGR of over 10% during the 2013-2018 period.
• The hydrofluoroether market was estimated at over US$ 293 million in 2018, with Y-o-Y growth in 2019 estimated at 13%.
• Asia Pacific Excluding Japan is expected to remain the leading market for hydrofluoroether on the back of the burgeoning industrial production across industries such as automobiles, electronics, and lithium-ion battery packs.
• The APEJ region is expected to emerge as a high-growth market for hydrofluoroether, on account of the healthy gross domestic product rates of the countries in the region which are likely to surpass 5%, according to the International Monetary Fund in the foreseeable future.      

What are the Key Challenges Hampering Hydrofluoroether Market Growth?

• Although most of the hydrofluoroethers have low atmospheric life and global warming potential, some compounds in the category have substantially greater global warming potential than carbon dioxide. The increase in usage of hydrofluoroethers can potentially become a significant cause of global warming in the foreseeable future, a factor which could substantially dampen market growth.
• While there are no regulations pertaining to hydrofluoroether emissions, stringent guidelines for the production of the chemical compounds continues to remain a daunting challenge for manufacturers in the hydrofluoroether market. Coupled with the lack of effective production methods, the factor is expected to dampen hydrofluoroether market growth.

Hydrofluoroether Market – Competitive Landscape

• With the demand for hydrofluoroether in precision cleaning on the rise, 3M, a leading player in the hydrofluoroether market, released a study outlining the potential use of the segregated HFEs for cleaning of electronic packaging. The study concluded that segregated hydrofluoroethers could aid in the effective cleaning of electronic packaging components.
• Potential use of hydrofluoroether as an electrolyte for the development of high-energy lithium-ion batteries received a huge boost after ADA technologies reported the use hydrofluoroether-based electrolyte in the development of a lithium-ion battery which exhibited high-power density, a wider temperature operability range, high rate capability, and a longer life cycle at room temperature.
• Intensifying research towards the use of hydrofluoroethers as industrial lubricant received a huge boost after a study conducted by Bournemouth University assessed the tribological performance of the chemical compound in various industrial systems and concluded that it could potentially replace chlorofluorocarbon-based lubricants in the foreseeable future.
• Hydrofluoroethers can potentially find application in pharmaceutical and diagnostics with a recent study analyzing the potential prospect of using the chemical compound for biomolecule pattering. The study concluded that hydrofluoroether could effectively be used as solvents for the creation of biomolecule patterns as small as 2 nanometers.

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Some of the leading players operating in the hydrofluoroether market include Tianhe Chemicals Group Limited, SICONG Chemical, Juhua Group Corporation, China Fluoro Ltd., AGC Inc., and Shandong Huaxia Shenzhou New Material Co., Ltd.