CHLOROFLUOROCARBON MARKET ANALYSIS

Regional Analysis

Market Outlook

The global chlorofluorocarbon market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Strict regulations and guidelines implemented by environmental agencies in North America and Europe are expected to result in market growth. Furthermore, presence of mature markets in these regions is also contributing to the low growth rate. The demand for CFCs is estimated to be replaced by increasing adoption of green refrigerants in developed economies such as the U.S. Regions such as Asia Pacific, Latin America, and the Middle East are expected to account for the largest market share owing to utilization of CFCs in countries such as India and China.