Hexafluoropropylene Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Hexafluoropropylene (HFP) is a fluorinated chemical used as a building block in refrigerants, fire suppressants, and fluoropolymers. The market is characterized by its chemical stability, high reactivity, and critical role in industrial and agrochemical applications, driven by demand for eco-friendly refrigerants and specialty materials. Trends include sustainable production methods, expanded agrochemical use, and regulatory shifts toward low-GWP alternatives.
Market Size and Growth Forecast
The global hexafluoropropylene market was valued at USD 280 million to USD 480 million in 2024, with an estimated CAGR of 5.0% to 7.0% from 2025 to 2030, fueled by industrial and environmental demands.
Regional Analysis
North America grows at 4.5-6.5%, with the USA leading due to refrigerant demand; trends focus on sustainable alternatives.
Europe achieves a growth rate of 5.0-7.0%, driven by Germany; trends emphasize fluoropolymer production.
Asia Pacific sees a growth rate of 5.5-7.5%, led by China; trends highlight agrochemical and pharma growth.
The Rest of the World records a growth rate of 4.0-6.0%, with India emerging; trends focus on industrial expansion.
Application Analysis
Refrigerant expands at 5.0-7.0%; it cools systems, with trends favoring low-GWP options.
Extinguishing Agent grows at 4.5-6.5%; it suppresses fires, with trends emphasizing safety standards.
Fluoropolymer rises at 5.5-7.5%; it enhances materials, with trends focusing on durability.
Agrochemical expands at 5.0-7.0%; it boosts crop protection, with trends favoring precision use.
Pharmaceutical grows at 5.5-7.5%; it aids drug synthesis, with trends emphasizing purity.
Others rise at 4.0-6.0%; it includes niche uses, with trends focusing on specialty applications.
Key Market Players
Linde, from Dublin, Ireland, specializes in industrial gases, offering HFP for refrigerants with high purity.
Chemours, based in Wilmington, USA, excels in fluorochemicals, crafting HFP for fluoropolymers and extinguishants.
Daikin, headquartered in Osaka, Japan, focuses on chemicals, producing HFP for refrigerants and agrochemicals.
Juhua, from Quzhou, China, provides fluorinated products, offering HFP for industrial versatility.
Luxi, based in Liaocheng, China, specializes in chemicals, crafting HFP for pharma and agrochemical use.
Jiangsu Meilan Chemical, from Taizhou, China, focuses on fluorochemicals, producing HFP for refrigerants.
Dongyue, headquartered in Zibo, China, excels in fluorine products, offering HFP for fluoropolymers.
MATHESON, from Basking Ridge, USA, provides specialty gases, crafting HFP for pharmaceutical precision.
Porter’s Five Forces Analysis
●The threat of new entrants is moderate; high production costs deter entry, but demand encourages participation.
●The threat of substitutes is moderate; alternative chemicals compete but lack HFP’s versatility.
●Buyer power is moderate; industries demand quality, though large buyers influence pricing.
●Supplier power is moderate; specialized raw materials create some dependency.
●Competitive rivalry is high; firms innovate with sustainable production and applications.
Market Opportunities and Challenges
Opportunities
●Eco-friendly refrigerant demand boosts HFP use.
●Fluoropolymer growth drives industrial applications.
●Agrochemical expansion enhances market scope.
Challenges
●Regulatory restrictions on fluorochemicals pose risks.
●High production costs limit scalability.
●Environmental concerns challenge adoption.
Growth Trend Analysis
Juhua’s 5,000-ton capacity expansion, Dongyue’s 10,000-ton production, and Luxi’s 12,000-ton output in 2024 reflect a trend toward increased HFP supply, supporting a projected CAGR of 5.0-7.0% through 2030.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Hexafluoropropylene Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Hexafluoropropylene by Region
8.2 Import of Hexafluoropropylene by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Hexafluoropropylene Market in North America (2020-2030)
9.1 Hexafluoropropylene Market Size
9.2 Hexafluoropropylene Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Hexafluoropropylene Market in South America (2020-2030)
10.1 Hexafluoropropylene Market Size
10.2 Hexafluoropropylene Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Hexafluoropropylene Market in Asia & Pacific (2020-2030)
11.1 Hexafluoropropylene Market Size
11.2 Hexafluoropropylene Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Hexafluoropropylene Market in Europe (2020-2030)
12.1 Hexafluoropropylene Market Size
12.2 Hexafluoropropylene Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Hexafluoropropylene Market in MEA (2020-2030)
13.1 Hexafluoropropylene Market Size
13.2 Hexafluoropropylene Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Hexafluoropropylene Market (2020-2030)
14.1 Hexafluoropropylene Market Size
14.2 Hexafluoropropylene Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Hexafluoropropylene Market Forecast (2021-2026)
15.1 Hexafluoropropylene Market Size Forecast
15.2 Hexafluoropropylene Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Linde
15.1.1 Company Profile
15.1.2 Main Business and Hexafluoropropylene Information
15.1.3 SWOT Analysis of Linde
15.1.4 Linde Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Chemours
15.2.1 Company Profile
15.2.2 Main Business and Hexafluoropropylene Information
15.2.3 SWOT Analysis of Chemours
15.2.4 Chemours Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Daikin
15.3.1 Company Profile
15.3.2 Main Business and Hexafluoropropylene Information
15.3.3 SWOT Analysis of Daikin
15.3.4 Daikin Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Juhua
15.4.1 Company Profile
15.4.2 Main Business and Hexafluoropropylene Information
15.4.3 SWOT Analysis of Juhua
15.4.4 Juhua Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Luxi
15.5.1 Company Profile
15.5.2 Main Business and Hexafluoropropylene Information
15.5.3 SWOT Analysis of Luxi
15.5.4 Luxi Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Jiangsu Meilan Chemical
15.6.1 Company Profile
15.6.2 Main Business and Hexafluoropropylene Information
15.6.3 SWOT Analysis of Jiangsu Meilan Chemical
15.6.4 Jiangsu Meilan Chemical Hexafluoropropylene Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Hexafluoropropylene Report
Table Data Sources Of Hexafluoropropylene Report
Table Major Assumptions Of Hexafluoropropylene Report
Table Hexafluoropropylene Classification
Table Hexafluoropropylene Applications List
Table Drivers Of Hexafluoropropylene Market
Table Restraints Of Hexafluoropropylene Market
Table Opportunities Of Hexafluoropropylene Market
Table Threats Of Hexafluoropropylene Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Hexafluoropropylene
Table Cost Structure Analysis Of Hexafluoropropylene
Table Key End Users List
Table Latest News Of Hexafluoropropylene Market
Table Merger And Acquisition List
Table Planned/Future Project Of Hexafluoropropylene Market
Table Policy Of Hexafluoropropylene Market
Table 2020-2030 Regional Export Of Hexafluoropropylene
Table 2020-2030 Regional Import Of Hexafluoropropylene
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 North America Hexafluoropropylene Demand List By Application
Table 2020-2025 North America Hexafluoropropylene Key Players Sales List
Table 2020-2025 North America Hexafluoropropylene Key Players Market Share List
Table 2020-2030 North America Hexafluoropropylene Demand List By Type
Table 2020-2025 North America Hexafluoropropylene Price List By Type
Table 2020-2030 United States Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 United States Hexafluoropropylene Import & Export List
Table 2020-2030 Canada Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Canada Hexafluoropropylene Import & Export List
Table 2020-2030 Mexico Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Mexico Hexafluoropropylene Import & Export List
Table 2020-2030 South America Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 South America Hexafluoropropylene Demand List By Application
Table 2020-2025 South America Hexafluoropropylene Key Players Sales List
Table 2020-2025 South America Hexafluoropropylene Key Players Market Share List
Table 2020-2030 South America Hexafluoropropylene Demand List By Type
Table 2020-2025 South America Hexafluoropropylene Price List By Type
Table 2020-2030 Brazil Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Brazil Hexafluoropropylene Import & Export List
Table 2020-2030 Argentina Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Argentina Hexafluoropropylene Import & Export List
Table 2020-2030 Chile Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Chile Hexafluoropropylene Import & Export List
Table 2020-2030 Peru Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Peru Hexafluoropropylene Import & Export List
Table 2020-2030 Asia & Pacific Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Hexafluoropropylene Demand List By Application
Table 2020-2025 Asia & Pacific Hexafluoropropylene Key Players Sales List
Table 2020-2025 Asia & Pacific Hexafluoropropylene Key Players Market Share List
Table 2020-2030 Asia & Pacific Hexafluoropropylene Demand List By Type
Table 2020-2025 Asia & Pacific Hexafluoropropylene Price List By Type
Table 2020-2030 China Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 China Hexafluoropropylene Import & Export List
Table 2020-2030 India Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 India Hexafluoropropylene Import & Export List
Table 2020-2030 Japan Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Japan Hexafluoropropylene Import & Export List
Table 2020-2030 South Korea Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 South Korea Hexafluoropropylene Import & Export List
Table 2020-2030 Southeast Asia Hexafluoropropylene Market Size List
Table 2020-2030 Southeast Asia Hexafluoropropylene Market Volume List
Table 2020-2030 Southeast Asia Hexafluoropropylene Import List
Table 2020-2030 Southeast Asia Hexafluoropropylene Export List
Table 2020-2030 Australia Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Australia Hexafluoropropylene Import & Export List
Table 2020-2030 Europe Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Europe Hexafluoropropylene Demand List By Application
Table 2020-2025 Europe Hexafluoropropylene Key Players Sales List
Table 2020-2025 Europe Hexafluoropropylene Key Players Market Share List
Table 2020-2030 Europe Hexafluoropropylene Demand List By Type
Table 2020-2025 Europe Hexafluoropropylene Price List By Type
Table 2020-2030 Germany Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Germany Hexafluoropropylene Import & Export List
Table 2020-2030 France Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 France Hexafluoropropylene Import & Export List
Table 2020-2030 United Kingdom Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 United Kingdom Hexafluoropropylene Import & Export List
Table 2020-2030 Italy Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Italy Hexafluoropropylene Import & Export List
Table 2020-2030 Spain Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Spain Hexafluoropropylene Import & Export List
Table 2020-2030 Belgium Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Belgium Hexafluoropropylene Import & Export List
Table 2020-2030 Netherlands Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Netherlands Hexafluoropropylene Import & Export List
Table 2020-2030 Austria Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Austria Hexafluoropropylene Import & Export List
Table 2020-2030 Poland Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Poland Hexafluoropropylene Import & Export List
Table 2020-2030 Russia Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Russia Hexafluoropropylene Import & Export List
Table 2020-2030 Mea Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Mea Hexafluoropropylene Demand List By Application
Table 2020-2025 Mea Hexafluoropropylene Key Players Sales List
Table 2020-2025 Mea Hexafluoropropylene Key Players Market Share List
Table 2020-2030 Mea Hexafluoropropylene Demand List By Type
Table 2020-2025 Mea Hexafluoropropylene Price List By Type
Table 2020-2030 Egypt Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Egypt Hexafluoropropylene Import & Export List
Table 2020-2030 Israel Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Israel Hexafluoropropylene Import & Export List
Table 2020-2030 South Africa Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 South Africa Hexafluoropropylene Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Hexafluoropropylene Import & Export List
Table 2020-2030 Turkey Hexafluoropropylene Market Size And Market Volume List
Table 2020-2030 Turkey Hexafluoropropylene Import & Export List
Table 2020-2025 Global Hexafluoropropylene Market Size List By Region
Table 2020-2025 Global Hexafluoropropylene Market Size Share List By Region
Table 2020-2025 Global Hexafluoropropylene Market Volume List By Region
Table 2020-2025 Global Hexafluoropropylene Market Volume Share List By Region
Table 2020-2025 Global Hexafluoropropylene Demand List By Application
Table 2020-2025 Global Hexafluoropropylene Demand Market Share List By Application
Table 2020-2025 Global Hexafluoropropylene Capacity List
Table 2020-2025 Global Hexafluoropropylene Key Vendors Capacity Share List
Table 2020-2025 Global Hexafluoropropylene Key Vendors Production List
Table 2020-2025 Global Hexafluoropropylene Key Vendors Production Share List
Table 2020-2025 Global Hexafluoropropylene Key Vendors Production Value List
Table 2020-2025 Global Hexafluoropropylene Key Vendors Production Value Share List
Table 2020-2025 Global Hexafluoropropylene Demand List By Type
Table 2020-2025 Global Hexafluoropropylene Demand Market Share List By Type
Table 2020-2025 Regional Hexafluoropropylene Price List
Table 2025-2030 Global Hexafluoropropylene Market Size List By Region
Table 2025-2030 Global Hexafluoropropylene Market Size Share List By Region
Table 2025-2030 Global Hexafluoropropylene Market Volume List By Region
Table 2025-2030 Global Hexafluoropropylene Market Volume Share List By Region
Table 2025-2030 Global Hexafluoropropylene Demand List By Application
Table 2025-2030 Global Hexafluoropropylene Demand Market Share List By Application
Table 2025-2030 Global Hexafluoropropylene Capacity List
Table 2025-2030 Global Hexafluoropropylene Key Vendors Capacity Share List
Table 2025-2030 Global Hexafluoropropylene Key Vendors Production List
Table 2025-2030 Global Hexafluoropropylene Key Vendors Production Share List
Table 2025-2030 Global Hexafluoropropylene Key Vendors Production Value List
Table 2025-2030 Global Hexafluoropropylene Key Vendors Production Value Share List
Table 2025-2030 Global Hexafluoropropylene Demand List By Type
Table 2025-2030 Global Hexafluoropropylene Demand Market Share List By Type
Table 2025-2030 Hexafluoropropylene Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Hexafluoropropylene Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Hexafluoropropylene Market Size And Cagr
Figure 2020-2030 North America Hexafluoropropylene Market Volume And Cagr
Figure 2020-2030 South America Hexafluoropropylene Market Size And Cagr
Figure 2020-2030 South America Hexafluoropropylene Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Hexafluoropropylene Market Size And Cagr
Figure 2020-2030 Asia & Pacific Hexafluoropropylene Market Volume And Cagr
Figure 2020-2030 Europe Hexafluoropropylene Market Size And Cagr
Figure 2020-2030 Europe Hexafluoropropylene Market Volume And Cagr
Figure 2020-2030 Mea Hexafluoropropylene Market Size And Cagr
Figure 2020-2030 Mea Hexafluoropropylene Market Volume And Cagr
Figure 2020-2025 Global Hexafluoropropylene Capacity Production And Growth Rate
Figure 2020-2025 Global Hexafluoropropylene Production Value And Growth Rate
Figure 2025-2030 Global Hexafluoropropylene Capacity Production And Growth Rate
Figure 2025-2030 Global Hexafluoropropylene Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |