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Hydro Chlorofluorocarbon (HCFC) Market

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Hydro Chlorofluorocarbon (HCFC) Market report categorizes global market by type of HCFC, application, and foam - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-26
Hydro Chlorofluorocarbon Market - Global Industry Insights,
Trends, Size, Share , Analysis, 2018-2026
Hydrochlorofluorocarbon (HCFC) is a manmade compound used as refrigerants, aerosols,
and in foam manufacture. They are chemically similar to chlorofluorocarbons and exhibit
similar properties, having low boiling points which make them ideal in the foam blowing and
refrigeration industry. Unlike CFCs, HCFCs are volatile and have a lower global warming
potential. They are classified as VOCs and rise up to stratosphere damaging the ozone
layer, though are less potent than CFC’s. HCFC’s have replaced CFC’s in many applications
and are in the process of being phased out themselves. They are used in commercial
refrigeration, foam blowing and residential air conditioning, and are gradually being replaced
by hydro fluorocarbons (HFCs).
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Under the Montreal Protocol complete phase out of HCFCs is slated for 2020 in developed
countries and 2030 in emerging economies. Developed countries have already adopted or
are in the process of adopting natural or less harmful artificial alternatives on a large scale,
resulting in the phasing out of HCFC market in North America and Europe.
HCFC-22 was the most commonly used refrigerant, though it is being phased out in favor of
HFC-134b. Similarly, in the foam industry, HCFC 141b and HCFC 142b are being replaced
by HFC-245fa. HCFC 123 are used in centrifugal chillers and fire extinguishers, HCFC 124
in air conditioning equipment. HCFC 225ca and HCFC 225cb are used as aerosol solvents.
The largest end user is refrigeration, though due to their adverse environmental effects, the
market is rapidly shifting to HFC refrigerated systems, especially in the U.S. The stationary
air-conditioning includes commercial and residential spaces, while mobile air-conditioning is
employed in automotive and aviation industry. The rise in disposable incomes in developing
markets has led to growth in automotive market which in turn has driven the air-conditioning
market.
Foam blowing market is also undergoing a shift to HFO, though large scale use is expected
to take many years due to lack of large-scale manufacturing infrastructure.
HCFC Market Outlook
The foam, refrigeration and air-conditioning market has a scope for market growth in Asia
Pacific and African markets due to high demand from end use industries. Blowing agents are
required in construction, packaging and manufacture of appliances. Yet the environmental
concerns of ozone layer depletion and global warming has led to restriction of HCFC as
refrigerant and blowing agent. Hence, Asian and African markets face a challenge of
meeting market needs and reducing climate change at the same time. A shift from
fluorocarbons to alternatives is expected during the forecast period.
European Union has adopted measures, which go way beyond the requirements of the
Montreal Protocol, and has actively promoted R&D for alternatives. HCFC use in many
industrial sectors has been completely phased out. Similarly, in North America, the
refrigeration market has seen a shift in CO2based refrigeration systems resulting in a
withering market for HCFCs.
Latin American countries have also reduced HCFC and other ozone depleting substances by
60% according to UN Industrial Development Organization, despite burgeoning growth in
refrigeration markets of Brazil and Chile. The region aims at a phase-out by 2030 meeting
the Montreal Protocol requirements.
Major players in the blowing agents market include Honeywell International Inc, Exxon Mobil
Corporation, E.I. du Pont de Nemours & Company, Harp International Ltd, Daikin Industries,
Ltd., Arkema S.A., Sinochem Group, Solvay S.A., and ZEON Corporation. Furthermore,
major players in the refrigeration market are The Danfoss Group, Emerson Electric Co., GEA
Group AG, Johnson Controls Inc. and United Technologies Corporation.
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apeksha motghare
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