Global Difluoromethane (R32 or HFC-32) Market 2018-2023

Global difluoromethane market is estimated to expand at a substantial CAGR of 7.3% by 2023, according to a new report published by Gen Consulting Company as the scope, product types, and its applications are increasing across the globe. Difluoromethane, also termed as “HFC-32” or “R-32”, is an organic compound of the dihalogenoalkane group. The structural formula for difluoromethane is CH2F2. Factors such as high energy efficiency, high demand in the form of antidote, and increasing R&D activities are likely to drive the market in the forthcoming period. On the other hand, health hazards and extremely flammable property are anticipated to hinder the market growth in the future. 

Difluoromethane market is segmented by grade type, application, end user, and geography. The market is segmented based on grade type as 99.99% and ³99.99%. The market is segmented based on the application as commercial refrigeration, domestic refrigeration, and industrial refrigeration. The “industrial refrigeration” segment accounts for a prominent share in the market. It is likely to witness significant growth in the forecast period. The market is segmented based on the end user as Semiconductor and Other. 

The market is categorized based on geography into North America, Latin America, Japan, the Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. The Asia-Pacific is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors such as presence of a huge manufacturer base, and increasing demand from end-user industry. China is a major producer in the Asia-Pacific region. 

Leading players operating in the difluoromethane market include Shandong Feiyuan Group, Dongyue Chemical, Juhua Group Corporation, Guangdong HEC Technology, Zhejiang Yonghe Refrigerant, and Meilan Chemical. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Chinese difluoromethane (R32 or HFC-32) market is anticipated to grow at a CAGR of 7.3% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (domestic refrigeration, commercial refrigeration, industrial refrigeration, etc.), and by geography (North China, Northeast China, East China, South Central China, Southwest China, Northwest China).

The report covers forecast and analysis for the Difluoromethane market. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Difluoromethane market along with the impact they have on the demand over the forecast period.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the Chinese Difluoromethane market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in Chinese Difluoromethane market.

Key Applications
- Domestic Refrigeration
- Commercial Refrigeration
- Industrial Refrigeration

Key regions
- North China
- Northeast China
- East China
- South Central China
- Southwest China
- Northwest China

Key Vendors
- Dongyue Chemical
- Meilan Chemical
- Shandong Feiyuan Group
- Juhua Group Corporation
- Zhejiang Yonghe Refrigerant
- Guangdong HEC Technology
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the Chinese Difluoromethane market?
- What are the challenges to market growth?
- Who are the key players in the Difluoromethane market?
- What are the market opportunities and threats faced by the key players?