The Global R-1234ze Refrigerant Market is projected to settle at a 8.8% growth rate by 2023-2029

R1234ze, also known as HFO-1234ze, with the chemical name of 1,3,3,3-tetrafluoropropene, has the advantages of non-toxicity, non-flammability, no flash point, and stable chemical properties, and is mainly used as a refrigerant. Compared with the first three generations of refrigerants, R1234ze has zero ODP (Ozone Depleting Potential), low GWP (Global Warming Potential), does not destroy the ozone layer and has low greenhouse effect, and has obvious environmental advantages.

R-1234ze refrigerant product is an exclusive patented product of Honeywell. The report focus on R-1234ze refrigerant market.

Global R-1234ze Refrigerant market is projected to reach US$ 237.2 million in 2029, increasing from US$ 102 million in 2022, with the CAGR of 8.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole R-1234ze Refrigerant market research.

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The R-1234ze Refrigerant is manufactured only by Honeywell due to patent protection.

Europe is the world’s largest market, accounting for about 42%. It is followed by North America, with about 36%. Europe and North America will remain the world’s top two markets in the future.

R-1234ze Refrigerant is mainly divided into two types: industrial refrigerant and commercial refrigerant. The market share of industrial refrigerant is about 63%. The market share of commercial refrigerants is expected to increase in the future.

In terms of application, it is mainly used in chillers, heat pump and other downstream industrial products. The chillers market accounts for about 50% and is expected to increase.

Scope of R-1234ze Refrigerant Market Report:

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

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Segment by Type:

  • Industrial Refrigerant
  • Commercial Refrigerant

Segment by Application:

  • Chillers
  • Heat Pump
  • Other

Production by Region:

  • North America
  • Europe

Leading Key Players of R-1234ze Refrigerant Market:

  • Honeywell

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The R-1234ze Refrigerant report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source

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