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Hydrofluoroether Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Hydrofluoroether (HFE) Market- By Product (Pure HFEs, HFEs Blend and Co-Solvent System); By Application (Cleaning Solvent, Blowing Agents, Refrigerants, Dry Etching Agents, Coating and Lubricants, Heat Transfer and Others); By Region, Competition, Forecast & Opportunities to 2027

  • Published Date: Aug-2021  |   Format: pdfpowerpointexcel  |  Report ID: AA0821090  | Delivery: 2 to 4 Hours
Hydrofluoroether Market

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This report provides analysis of the global hydrofluoroether market for the period of 2017 to 2027, wherein 2021-2027 are forecast values, reflecting impact of different factors on the growth trend.

The hydrofluoroether market is growing at a CAGR of 8.3% over the forecast period 2021-2027.

When compared to related chemicals such as saturated fluorocarbons and ethers, HFEs, also known as volatile organics, have exceptionally attractive features, particularly high volatility and hydrophobicity. It signifies that their emissions are more likely to end up in the atmosphere. Global warming, photochemical potential, flammability, and partition coefficient are all examples of environmental risks

The existing hydrofluoroether regulations are described by SNAP program, American Industrial Hygiene Association (AIHA) and Environmental Protection Agency.

Organizations can better prepare for the tremendous performance needs of the future while managing costs and impacts on current natural resources by switching network infrastructure from traditional cooling methods to immersion cooling employing liquids such as hydrofluoroether. These are low-maintenance solvents and deliver consistent results.

Due to the lack of standardization and ineffective regulation surrounding the usage of hydrofluoroether, customers may opt for other chemical compounds with similar qualities but more favorable rules.

Asia Pacific is growing at the highest CAGR of about 10.0% over 2021- 2027.

The global hydrofluoroether market is seen as competitive, but it is expected to consolidate over the forecast period.

The report covers the following segments: product, applications and region.

The cleaning solvent segment contributed the major share of 39.3% in the global hydrofluoroether market in 2020 because of its chemical inertness, non-corrosiveness, high resistivity, good material compatibility, and low toxicity, firms are increasingly adopting hydrofluoroethers for cleaning semi-conductors and IC components.

3M, AGC Inc, Tianhe Chemical Group and others are the major companies operating in the hydrofluoroether market.

The key strategies adopted by market players include: Mergers and acquisitions, partnerships, regional expansion, and new product development.

The global hydrofluoroether industry has been severely impacted by the spread of COVID-19. End-users of hydrofluoroether have faced a number of issues as a result of the pandemic, including a decrease in demand for electronics, automobiles, and other products. Furthermore, market participants experienced disruption in the hydrofluoroether supply chain, which was accompanied by a lockdown in a number of locations.