Market Forecast by Countries (United States, Canada), By Type (CFC-11, CFC-12, CFC-113, CFC-114, CFC-115, Others), By Application (Aerosol Propellants, Blowing Agent, Refrigerants, Others) And Competitive Landscape
Product Code: ETC406079 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Chlorofluorocarbon Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 41.3 billion By 2031 |
CAGR | 3.4% |
North America Chlorofluorocarbon Market report thoroughly covers the market by type and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Chlorofluorocarbon Market was valued at USD 25.8 billion and is expected to reach USD 41.3 billion , growing at a CAGR of around 3.4% from 2025-2031. The growth of the market is attributed to the increasing demand for chlorobenzene in various industries such as construction, pharmaceuticals, and agrochemicals. Additionally, the growing use of chlorobenzene as a solvent and chemical intermediate in manufacturing processes is also contributing to the market growth.
The North America Chlorofluorocarbon Market has witnessed significant growth in recent years, primarily driven by the increasing demand for refrigerants and aerosol propellants. The market is evolving in the face of stringent environmental regulations and increasing consciousness regarding global climate change. Historically, CFCs were extensively used across various applications, predominantly as refrigerants, solvents, and blowing agents for foam production due to their stability and effectiveness. Currently, the market is characterized by a substantial reduction in the use of CFCs, aligned with international protocols such as the Montreal Protocol which mandates the phase-out of ozone-depleting substances. In their place, industries are adopting hydrofluorocarbons (HFCs), hydrofluoroolefins (HFOs), and natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons.
According to 6Wresearch, the North America Chlorofluorocarbon Market size is expected to grow at a significant CAGR of 3.4% during the forecast period 2025-2031. This growth is propelled by factors such as increasing demand for refrigerants and aerosol propellants. The demand for CFCs in North America is primarily driven by the refrigeration and air conditioning industry, which accounts for a major share of the market. With the growth of industries such as food processing, pharmaceuticals, and cold storage facilities, there is a continuous need for efficient cooling solutions. This has led to a surge in demand for CFCs as they are widely used as refrigerants due to their excellent cooling properties.
Additionally, the use of CFCs as propellants in aerosol products also contributes to the growth of the market. The foam manufacturing industry is another significant consumer of CFCs in North America. CFCs are used as blowing agents in the production of polyurethane foam, which is widely used in industries such as construction, automotive, and furniture. These factors will influence the North America Chlorofluorocarbon Market Growth.Despite the benefits for CFC, there are some challenges in the market. One of the major challenges faced by the CFC market in North America is the phasing out of these chemicals due to their harmful effects on the ozone layer. The country has committed to comply with the Montreal Protocol, an international treaty aimed at reducing and eventually eliminating the production and consumption of ozone-depleting substances such as CFCs. These challenges highlight the complexity and dynamic nature of the Market, necessitating proactive strategies to overcome them.
The North America Chlorofluorocarbon Market is witnessing several novel trends that are shaping the industry. One of the major trends is the increased demand for natural refrigerants, such as ammonia and carbon dioxide, due to their lower environmental impact. Another trend is the growing focus on sustainable alternatives to CFCs, such as hydrofluoroolefins (HFOs) and hydrochlorofluorocarbons (HCFCs), which have a lower potential for ozone depletion. The market is also seeing an increase in investments in research and development for new and improved CFC substitutes, driven by strict regulations and consumer demand for eco-friendly products. These trends reflect a shift towards more sustainable and environmentally conscious practices in the North America Chlorofluorocarbon Market.
With the growing demand for eco-friendly and sustainable alternatives, there are several investment opportunities in the North America Chlorofluorocarbon industry. Companies can invest in research and development to create innovative CFC substitutes that have a lower environmental impact. They can also invest in infrastructure and technology to support the production and distribution of natural refrigerants such as ammonia and carbon dioxide. Additionally, companies can explore partnerships or collaborations with other industries to promote the use of eco-friendly products and reduce their carbon footprint.
In conclusion, the North America Chlorofluorocarbon Market is expected to continue its growth trajectory driven by increasing demand from various industries coupled with strict regulations for reducing ozone-depleting substances. As the market evolves, companies can capitalize on the novel trends and investment opportunities to stay competitive and contribute to a more sustainable future. So, it is important for companies operating in this market to remain proactive in their strategies and adapt to the changing landscape. With responsible practices and innovative solutions, the North America Chlorofluorocarbon Market can continue its growth while minimizing its impact on the environment.
Some of the leading players in the North America Chlorofluorocarbon Market include The Chemours Company, Honeywell International Inc., Mexichem SAB de CV, Daikin Industries Ltd., Arkema S.A., Air Liquide SA, and SRF Limited. These companies are investing in research and development to introduce new and improved CFC substitutes and expand their product portfolios. They are also actively engaging in partnerships and collaborations with other industries to promote sustainable practices. With their strong presence and continuous efforts towards eco-friendly solutions, these companies are expected to maintain a significant share of the North America Chlorofluorocarbon Market.
In order to ensure the effective performance of the North America Chlorofluorocarbon Market, governments have implemented strict regulations and policies. The Montreal Protocol has been a significant factor in reducing the production and consumption of CFCs in North America. In addition, government initiatives promoting the use of eco-friendly alternatives and providing incentives for companies investing in sustainable solutions are also contributing to the market's growth. These regulations not only support environmental protection but also drive innovation and create opportunities for new players to enter the market.
Furthermore, with increasing awareness about global warming and climate change, consumers are becoming more conscious of their purchasing decisions. This has led to a shift towards environmentally friendly products, creating a demand for CFC alternatives in the market. By complying with regulations and meeting consumer demands, companies can build a strong reputation and contribute to the overall growth of the North America Chlorofluorocarbon Market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, the US is expected to dominate the Chlorobenzene market in North America, accounting for a significant share of the overall revenue. The US is a major producer and consumer of Chlorobenzene, with a well-established chemical industry and high demand from various end-user industries.
Among the various types of CFCs, CFC-12 is expected to dominate the North America Chlorofluorocarbon Market. It is widely used as a refrigerant and has high demand from industries such as automotive and HVAC. However, with increasing regulations for reducing CFC emissions, other alternatives like HCFCs and HFOs are also gaining traction in the market.
The refrigerants segment is expected to hold the largest share of the North America Chlorofluorocarbon Market. The demand for refrigerants is driven by various industries such as HVAC, automotive, and consumer goods. However, with the rising environmental concerns and regulations, there has been a shift towards eco-friendly alternatives in this segment.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Chlorofluorocarbon Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Chlorofluorocarbon Market Revenues & Volume, 2021 & 2031F |
3.3 North America Chlorofluorocarbon Market - Industry Life Cycle |
3.4 North America Chlorofluorocarbon Market - Porter's Five Forces |
3.5 North America Chlorofluorocarbon Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Chlorofluorocarbon Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 North America Chlorofluorocarbon Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 North America Chlorofluorocarbon Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Chlorofluorocarbon Market Trends |
6 North America Chlorofluorocarbon Market, 2021 - 2031 |
6.1 North America Chlorofluorocarbon Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 North America Chlorofluorocarbon Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Chlorofluorocarbon Market, 2021 - 2031 |
7.1 United States Chlorofluorocarbon Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 United States Chlorofluorocarbon Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Chlorofluorocarbon Market, 2021 - 2031 |
8.1 Canada Chlorofluorocarbon Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Canada Chlorofluorocarbon Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Chlorofluorocarbon Market Key Performance Indicators |
10 North America Chlorofluorocarbon Market - Opportunity Assessment |
10.1 North America Chlorofluorocarbon Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Chlorofluorocarbon Market Opportunity Assessment, By Type, 2021 & 2031F |
10.3 North America Chlorofluorocarbon Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Chlorofluorocarbon Market - Competitive Landscape |
11.1 North America Chlorofluorocarbon Market Revenue Share, By Companies, 2024 |
11.2 North America Chlorofluorocarbon Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |