Global R 1234ze Refrigerant Industry

2023-2029 Global R-1234ze Refrigerant Industry Research & Trends Analysis Report

Global R 1234ze Refrigerant Industry

2023-2029 Global R-1234ze Refrigerant Industry Research & Trends Analysis Report


R-1234ze Refrigerant Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032 is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.


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According to the research report, the global market for R-1234ze Refrigerant should grow from US$ 102 million in 2022 to US$ 237.2 million by 2029, with a CAGR of 8.8% for the period of 2023-2029.

The R-1234ze Refrigerant is manufactured only by Honeywell due to patent protection.

Europe is the world's largest market, accounting for about 42%. It is followed by North America, with about 36%. Europe and North America will remain the world's top two markets in the future.

R-1234ze Refrigerant is mainly divided into two types: industrial refrigerant and commercial refrigerant. The market share of industrial refrigerant is about 63%. The market share of commercial refrigerants is expected to increase in the future.

In terms of application, it is mainly used in chillers, heat pump and other downstream industrial products. The chillers market accounts for about 50% and is expected to increase.

R1234ze, also known as HFO-1234ze, with the chemical name of 1,3,3,3-tetrafluoropropene, has the advantages of non-toxicity, non-flammability, no flash point, and stable chemical properties, and is mainly used as a refrigerant. Compared with the first three generations of refrigerants, R1234ze has zero ODP (Ozone Depleting Potential), low GWP (Global Warming Potential), does not destroy the ozone layer and has low greenhouse effect, and has obvious environmental advantages.

R-1234ze refrigerant product is an exclusive patented product of Honeywell. The report focus on R-1234ze refrigerant market.

This report aims to provide a comprehensive study of the global market for R-1234ze Refrigerant.
Key Takeaways and Highlights

(1) Global R-1234ze Refrigerant market size (sales volume & revenue), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global R-1234ze Refrigerant market competitive situation, sales, revenue, price and market share, from 2018 to 2022.

(3) China R-1234ze Refrigerant market competitive situation, sales, revenue, price and market share, from 2018 to 2022.

(4) Global R-1234ze Refrigerant segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global R-1234ze Refrigerant segment by type and by application and regional segment by type and by application.

(6) Global major production regions of R-1234ze Refrigerant, capacity, production and trends.

(7) R-1234ze Refrigerant industry supply chain, upstream, midstream and downstream analysis.


Regional Breakdown: Analyzing Market Segments by Geography

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa


Segmenting by Type: Comprehensive Coverage and Analysis

Industrial Refrigerant

Commercial Refrigerant


Application-Based Segmentation: Unlocking Market Opportunities

Chillers

Heat Pump

Other


In the Spotlight: A Closer Look at Market Players

Honeywell

1 Market Overview

1.1 R-1234ze Refrigerant Definition

1.2 Global R-1234ze Refrigerant Market Size and Forecast

1.2.1 By Revenue, Global R-1234ze Refrigerant Market Size, 2018-2029

1.2.2 By Sales Volume, Global R-1234ze Refrigerant Market Size, 2018-2029

1.2.3 Global R-1234ze Refrigerant Price Trend, 2018-2029

1.3 China R-1234ze Refrigerant Market Size and Forecast

1.3.1 By Revenue, China R-1234ze Refrigerant Market Size, 2018-2029

1.3.2 By Sales Volume, China R-1234ze Refrigerant Market Size, 2018-2029

1.3.3 China R-1234ze Refrigerant Price Trend, 2018-2029

1.4 China Percentage in Global Market

1.4.1 By Revenue, China R-1234ze Refrigerant Share in Global Market, 2018-2029

1.4.2 By Sales Volume, China R-1234ze Refrigerant Share in Global Market, 2018-2029

1.4.3 R-1234ze Refrigerant Market Size: China VS Global, 2018-2029

1.5 R-1234ze Refrigerant Market Dynamics

1.5.1 R-1234ze Refrigerant Market Drivers

1.5.2 R-1234ze Refrigerant Market Restraints

1.5.3 R-1234ze Refrigerant Industry Trends

1.5.4 R-1234ze Refrigerant Industry Policy

2 Global Competitive Landscape by Company

2.1 Global R-1234ze Refrigerant Revenue by Company, 2018-2023

2.2 Global R-1234ze Refrigerant Sales Volume by Company, 2018-2023

2.3 Global R-1234ze Refrigerant Price by Company, 2018-2023

2.4 Global R-1234ze Refrigerant Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.5 Global R-1234ze Refrigerant Concentration Ratio

2.6 Global R-1234ze Refrigerant Mergers & Acquisitions, Expansion Plans

2.7 Global R-1234ze Refrigerant Manufacturers Product Type

3 China Competitive Landscape by Company

3.1 China R-1234ze Refrigerant Revenue by Company, 2018-2023

3.2 China R-1234ze Refrigerant Sales Volume by Company, 2018-2023

3.3 China R-1234ze Refrigerant R-1234ze Refrigerant Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.4 China R-1234ze Refrigerant Market, Sales Percentage of Local Players VS Foreign Players (2018-2023)

3.5 Chinese Local Players, R-1234ze Refrigerant Domestic VS Export

3.6 China Market, R-1234ze Refrigerant Import & Export

3.6.1 China Market, R-1234ze Refrigerant Import & Export, 2018-2029

3.6.2 China R-1234ze Refrigerant Import & Export Trends

3.6.3 Main Sources of China R-1234ze Refrigerant Import

3.6.4 Export Destination of China R-1234ze Refrigerant

4 R-1234ze Refrigerant Production by Region

4.1 Global R-1234ze Refrigerant Capacity, Production and Capacity Utilization, 2018-2029

4.2 Global Geographic Distribution of R-1234ze Refrigerant Manufacturers

4.3 Global Major Manufacturers, R-1234ze Refrigerant Capacity Expansion and Future Plans

4.4 Global R-1234ze Refrigerant Capacity by Region

4.5 Global R-1234ze Refrigerant Production by Region

4.5.1 Global R-1234ze Refrigerant Production & Forecast by Region, 2018 VS 2022 VS 2029

4.5.2 Global R-1234ze Refrigerant Production by Region, 2018-2023

4.5.3 Global R-1234ze Refrigerant Production Market Share & Forecast by Region, 2018-2029

5 Industry Chain Analysis

5.1 R-1234ze Refrigerant Industry Chain

5.2 R-1234ze Refrigerant Upstream Analysis

5.2.1 R-1234ze Refrigerant Core Raw Materials

5.2.2 Main Manufacturers of R-1234ze Refrigerant Core Raw Materials

5.3 Midstream Analysis

5.4 Downstream Analysis

5.5 R-1234ze Refrigerant Production Mode

5.6 R-1234ze Refrigerant Procurement Model

5.7 R-1234ze Refrigerant Industry Sales Model and Sales Channels

5.7.1 R-1234ze Refrigerant Sales Model

5.7.2 R-1234ze Refrigerant Typical Distributors

6 Sights by Type

6.1 R-1234ze Refrigerant Classification

6.1.1 Industrial Refrigerant

6.1.2 Commercial Refrigerant

6.2 By Type, Global R-1234ze Refrigerant Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Type, Global R-1234ze Refrigerant Revenue, 2018-2029

6.4 By Type, Global R-1234ze Refrigerant Sales Volume, 2018-2029

6.5 By Type, Global R-1234ze Refrigerant Price, 2018-2029

7 Sights by Application

7.1 R-1234ze Refrigerant Segment by Application

7.1.1 Chillers

7.1.2 Heat Pump

7.1.3 Other

7.2 By Application, Global R-1234ze Refrigerant Market Size & CAGR, 2018 VS 2022 VS 2029

7.3 By Application, Global R-1234ze Refrigerant Revenue, 2018-2029

7.4 By Application, Global R-1234ze Refrigerant Sales Volume, 2018-2029

7.5 By Application, Global R-1234ze Refrigerant Price, 2018-2029

8 Sales Sights by Region

8.1 By Region, Global R-1234ze Refrigerant Market Size, 2018 VS 2022 VS 2029

8.2 By Region, Global R-1234ze Refrigerant Revenue, 2018-2029

8.3 By Region, Global R-1234ze Refrigerant Sales Volume, 2018-2029

8.4 North America

8.4.1 North America R-1234ze Refrigerant Market Size & Forecasts, 2018-2029

8.4.2 By Country, North America R-1234ze Refrigerant Market Size Market Share

8.5 Europe

8.5.1 Europe R-1234ze Refrigerant Market Size & Forecasts, 2018-2029

8.5.2 By Country, Europe R-1234ze Refrigerant Market Size Market Share

8.6 Asia Pacific

8.6.1 Asia Pacific R-1234ze Refrigerant Market Size & Forecasts, 2018-2029

8.6.2 By Country/Region, Asia Pacific R-1234ze Refrigerant Market Size Market Share

8.7 South America

8.7.1 South America R-1234ze Refrigerant Market Size & Forecasts, 2018-2029

8.7.2 By Country, South America R-1234ze Refrigerant Market Size Market Share

8.8 Middle East & Africa

9 Sales Sights by Country Level

9.1 By Country, Global R-1234ze Refrigerant Market Size & CAGR，2018 VS 2022 VS 2029

9.2 By Country, Global R-1234ze Refrigerant Revenue, 2018-2029

9.3 By Country, Global R-1234ze Refrigerant Sales Volume, 2018-2029

9.4 U.S.

9.4.1 U.S. R-1234ze Refrigerant Market Size, 2018-2029

9.4.2 By Company, U.S. R-1234ze Refrigerant Sales Volume Market Share, 2022

9.4.3 By Type, U.S. R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.4.4 By Application, U.S. R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.5 Europe

9.5.1 Europe R-1234ze Refrigerant Market Size, 2018-2029

9.5.2 By Company, Europe R-1234ze Refrigerant Sales Volume Market Share, 2022

9.5.3 By Type, Europe R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.5.4 By Application, Europe R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.6 China

9.6.1 China R-1234ze Refrigerant Market Size, 2018-2029

9.6.2 By Company, China R-1234ze Refrigerant Sales Volume Market Share, 2022

9.6.3 By Type, China R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.6.4 By Application, China R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.7 Japan

9.7.1 Japan R-1234ze Refrigerant Market Size, 2018-2029

9.7.2 By Company, Japan R-1234ze Refrigerant Sales Volume Market Share, 2022

9.7.3 By Type, Japan R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.7.4 By Application, Japan R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.8 South Korea

9.8.1 South Korea R-1234ze Refrigerant Market Size, 2018-2029

9.8.2 By Company, South Korea R-1234ze Refrigerant Sales Volume Market Share, 2022

9.8.3 By Type, South Korea R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.8.4 By Application, South Korea R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.9 Southeast Asia

9.9.1 Southeast Asia R-1234ze Refrigerant Market Size, 2018-2029

9.9.2 By Company, Southeast Asia R-1234ze Refrigerant Sales Volume Market Share, 2022

9.9.3 By Type, Southeast Asia R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.9.4 By Application, Southeast Asia R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.10 India

9.10.1 India R-1234ze Refrigerant Market Size, 2018-2029

9.10.2 By Company, India R-1234ze Refrigerant Sales Volume Market Share, 2022

9.10.3 By Type, India R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.10.4 By Application, India R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.11 Middle East & Asia

9.11.1 Middle East & Asia R-1234ze Refrigerant Market Size, 2018-2029

9.11.2 By Company, Middle East & Asia R-1234ze Refrigerant Sales Volume Market Share, 2022

9.11.3 By Type, Middle East & Asia R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

9.11.4 By Application, Middle East & Asia R-1234ze Refrigerant Market Size, Share, 2022 VS 2029

10 Manufacturers Profile

10.1 Honeywell

10.1.1 Honeywell Company Information, Head Office, Market Area and Industry Position

10.1.2 Honeywell R-1234ze Refrigerant Models, Specifications and Application

10.1.3 Honeywell R-1234ze Refrigerant Sales Volume, Revenue, Price and Gross Margin, 2018-2023

10.1.4 Honeywell Company Profile and Main Business

10.1.5 Honeywell Recent Developments

11 Conclusion

12 Appendix

12.1 Research Methodology

12.2 Data Source

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Market Estimation Model

12.4 Disclaimer

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
R-1234ze Refrigerant Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the R-1234ze Refrigerant Market trending toward high growth trajectories?
A dynamic process in the R-1234ze Refrigerant Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Honeywell, Chemours, Arkema, Mexichem, The Linde Group, Daikin, Solvay, Navin Fluorine, Zhejiang Juhua, Koura, Dongyue Group, Asahi Glass, Sinochem International, Jinan Dumei, Orbia, Mitsui Chemicals.
Why are some of the most well-known companies left out of the R-1234ze Refrigerant Market study?
The R-1234ze Refrigerant study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What are the major applications for R-1234ze Refrigerant ?
R-1234ze Refrigerant has a wide range of applications, including and others.
What is the market value of the R-1234ze Refrigerant Industry?
In 2024, the R-1234ze Refrigerant Market share exceeded USD xx million. Between 2025 and 2030, it will grow at a CAGR of yy%.
What challenges does the R-1234ze Refrigerant Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the R-1234ze Refrigerant Market across the extensive corporate landscape.
Who should consider the R-1234ze Refrigerant Market study?
The R-1234ze Refrigerant Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.