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Global Hydrofluoroether Market Worth $204.3 Million by 2027 | CAGR: 8.3%

Hydrofluoroether is an organic solvent. Because they do not degrade the ozone layer, they were developed to replace CFCs, HFCs, HCFCs, and PFCs. There is a growing investment in the research and development of efficient manufacturing processes to address the post-processing challenges that current manufacturing methodologies confront. This solvent has a variety of industrial uses, including cleaning agents, vapor degreasing solvent, refrigerant, and heat-transfer fluid. Alternatives to CFCs and aqueous cleaning processes must strike the best combination of safety, efficiency, and environmental impact. Low-cost solvents may include hidden costs that offset the initial low cost of the raw material. These three characteristics are present in HFEs. Cleaning solutions based on HFE address worker safety and environmental concerns while performing similarly to CFCs. In the early 1980s, solvents, particularly chlorofluorocarbons (CFCs), were the preferred cleaning medium in a variety of industries. Because of their high ozone depletion potential (ODP), environmental limits on CFCs were tightened, and they were phased out in the mid-1990s. As component complexity and sensitivity expand along with areal density, manufacturers are exploring alternatives to aqueous cleaning to address concerns about cleaning performance, drying, and corrosion. While studying the new generation of solvents, it's critical to find the ideal combination of qualities. Hydrofluoroethers are a brand-new type of solvent. In terms of safety and performance, HFEs are identical to CFCs, but they have a lower environmental impact.

The global hydrofluoroether market generated a revenue of US$ 120.7 million in 2020 and is growing at a compound annual growth (CAGR)of 8.3% during the forecast period 2021 to 2027. Companies like 3M are investing heavily in the research and development of hydrofluoroether, which might potentially be utilized to streamline production processes and increase profit margins. In addition, research and development in the field of hydrofluoroether are increasing its use in a variety of applications.

The market is highly driven by the adoption of immersion cooling techniques by various data centers. Companies can better prepare for the tremendous performance needs of the future while managing costs and impacts on current natural resources by switching data centers from traditional cooling methods to immersion cooling employing liquids such as hydrofluoroether. The HFEs are low-maintenance and offer consistent performance. It has a high resistivity and will not damage electronic equipment or integrated circuits if a leak or other malfunction occurs. It's ideal for a wide range of heat transfer applications, including power, automotive battery cooling, thermal testing, and electronic component immersion cooling. Furthermore, it has a far lower global warming impact than chlorofluorocarbons and partly halogenated chlorofluorocarbons and has no ozone-depleting qualities. Such reasons, as well as the use of hydrofluoroether as a substitute for chlorofluorocarbons and hydrochlorofluorocarbons, are likely to propel the market forward throughout the forecast period. The lack of standardization and ineffective regulation for the use of hydrofluoroether, on the other hand, reduces demand, and customers may opt for other chemical compounds with similar qualities but more favorable rules. During the forecast period, this is projected to restrict the worldwide HFE market's expansion.

The emergence of COVID-19 has had a significant influence on the global HFE market. End-users of HFE have experienced a variety of problems as a result of the outbreak, including decreased demand for electronics, automobiles, and other goods. Furthermore, due to the lockdown in some countries and regulatory rules limiting the transit of commodities, market participants encountered disruption in the HFE supply chain. However, following the COVID-19 pandemic, the hydrofluoroether market is expected to see significant growth due to the continued rise in hydrofluoroether use in the electronics and automotive industries.

The report's market segments include market size analysis based on revenue and volume in numerous categories. Co-solvent systems, for example, are predicted to grow at the fastest pace of 9.4% throughout the projection period, while pure HFEs are expected to have the biggest market share of more than 88.5% in 2020. Pure HFEs are frequently non-conductive cleaning degreasers that leave no residue, are plastic safe, non-flammable, and can be used on live circuits. Furthermore, owing to certain features such as high density, low surface tension, and low viscosity, pure HFEs find applicability across a wide range of applications when compared to other HFE product forms. Cleaning solvents among applications, meanwhile, dominated the market in 2020 with a 39.3% share, while dry etching agents are predicted to grow at the highest CAGR of 9.3% over the forecast period. Because of its chemical inertness, non-corrosiveness, high resistivity, good material compatibility, and low toxicity, companies are increasingly adopting hydrofluoroether for cleaning semi-conductors and IC components.

In this report, the prospective opportunities in the global HFE market are thoroughly investigated. The market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa to track development potential. In 2020, North America accounted for more than 40% of worldwide hydrofluoroether sales. North America has risen to the top due to an increase in demand for hydrofluoroether in the electronics sectors cleaning items such as digital washing devices and cloud computing facilities. The United States in North America will expand at the highest CAGR because of the huge need for cloud computing technologies in the country for data storage, administration, and processing. 

Globally, the Asia Pacific region will grow at the fastest CAGR of 10.4% in the global hydrofluoroether market during the forecast period. Rising demand for lithium-ion batteries in China, Japan, and South Korea is expected to fuel increasing demand for HFE throughout the forecast period.

The market players focus to develop products covering a wide range of applications. 3M Company was the first company to begin the development of HFEs, later many other companies started the production of hydrofluoroether. One of its products, 3M Novec 7100 Engineered Fluid is a proprietary hydrofluoroether with multiple applications including data center cooling, electronic cooling, heat transfer, immersion cooling for data centers, precision cleaning, solvent cleaning. The other strategies followed by key players include mergers and acquisitions, global expansion, and others. AGC obtained certification for AMOLEA 1224yd, a new refrigerant with a lower environmental impact. The American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE*1) granted the certification in October 2017, marking the first time a Japanese business has received permission for a new chemical substance. AGC planned to commence commercial production of AMOLEATM 1224yd in early 2018 and would continue to expand capacity in response to increased demand.

Other key players doing well in the market are Quanzhou SICONG New Material Development Co., Ltd, Sanming Hexafluo Chemicals Co., Ltd., China Fluoro Technology Co., Ltd., and Guangzhou Jinhong Chemical Co., Ltd. among others. The global hydrofluoroether market is segmented as:

  • By Product Type
    • Pure HFEs
    • HFE Blends
    • Co-solvent systems
  • By Packaging 
    • Cleaning solvent
    • Blowing agents
    • Refrigerants
    • Dry etching agents
    • Coating and lubricants
    • Heat transfer
    • Others
  • By Geography
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • The UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Poland
      • Rest of Europe
    • Asia Pacific 
      • China
      • India
      • Japan
      • Australia & New Zealand
      • ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa (MEA)
      • UAE
      • Saudi Arabia
      • South Africa
      • Rest of MEA
    • South America
      • Argentina
      • Brazil
      • Rest of South America

Developing economies offer lucrative opportunities for companies to expand their businesses. Several key players contributing to the market are: 

  • 3M Company
  • AGC, Inc.
  • Tianhe Chemical Group Limited
  • Shandong Huaxia Shenzhou New Material
  • Quanzhou SICONG New Material Development Co., Ltd.
  • Sanming Hexafluo Chemicals Co., Ltd.
  • China Fluoro Technology Co., Ltd.
  • Guangzhou Jinhong Chemical Co., Ltd.
  • Other prominent players

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