Fluorochemicals Market was estimated at USD 22.77 billion in 2019 and is projected to reach USD 34.96 billion by 2028, growing at a CAGR of 4.9% during the forecast period. Increasing HVAC systems installed in the manufacturing and automotive sectors are expected to propel this market during the forecast period.
Fluorochemicals are chemical derivatives of fluorine, a chemical element that is found in the Earth’s crust. These chemicals have a differentiated application base in a number of industries, including electronics, pharmaceuticals, automotive, and chemicals. These chemical derivatives of fluorine are utilized in these industries as blowing agents, air-conditioners, refrigerators, fire extinguishers, and others. In the report, the fluorochemicals market is segmented on the basis of product, application, and region.
High resistance to organic solvents, acids, and bases offered by fluorochemicals is a critical factor expected to drive the product demand in automotive, electronics, and construction applications over the forecast period. However, credible threat from ammonia as a substitute product owing to its low cost and regulatory developments can restrain the fluorochemicals market growth in the coming years.
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Rise in demand for refrigerators and cooling systems in industrial as well as domestic sector due to changes in lifestyle and growth in refrigeration need for convenience food products storage will drive fluorochemicals market demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
- DuPont
- Arkema SA
- 3M
- Solvay SA
- Daikin Honeywell
- Asahi Glass
- Dongyue
Key Factors Impacting Growth of Fluorochemicals Market:
- Demand for air conditioning and air propellants in urban areas
- Rising environmental concerns about the use of fluorocarbons
- Favorable government policies and regulations to phase out the hazardous CFC’s
Key Developments:
- In June 2010, 3M announced plans to adopt a new non-toxic perfluorooctane-sulfonyl fluoride technology to develop new products. These chemicals can be used as oil and water repellent coatings. New product developments, along with the expansion of production in manufacturing units located in or near high demand regions, are expected to remain critical success factors for growth.
- In 2015, refrigerants manufacturer SRF Ltd said on Thursday that it has agreed to purchase the global pharmaceutical propellant business from US chemicals maker DuPont. SRF is the only manufacturer of the pharma propellant known as HFC 134a in India using its indigenous technology. This transaction provides SRF immediate access to DuPont’s technology, brand and customers, thus enabling an instant entry into the niche pharmaceutical segment at a global level.
This report provides a detailed understanding of the global fluorochemicals market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the fluorochemicals market.
In 2018, Asia Pacific embodied a major share of the global fluorochemicals market. Besides this over the forecast period, it is anticipated to witness important gains and thrive at a steady pace. It is projected that a positive outlook for the automotive sector in China, India, Indonesia, and Malaysia will boost the use of refrigerants in vehicle HVAC systems and thus contributes to the growth of the industry. It is expected that the abundance of aluminum reserves in China, India, and Australia will boost its application in the region, along with the regulatory inclination to encourage FDI in the domestic metal industry. The U.S. government has announced that it will phase out some fluorochemicals from 2010 including HCFC-22 (also called R-22) and HCFC-142b, which is expected to harm the growth of the fluorochemicals market over the forecast period.
Market Segmentation:
By Product Type:
- Fluorocarbons
- Fluoropolymers
- Fluoroelastomers
- AlF3
- Others
By Application:
- Refrigerants
- Aluminum Production
- Plastic Foams
- Electrical Equipments
By Region:
North America
Asia Pacific
Western Europe
Eastern Europe
Middle East
Rest of the World
Reasons to Buy This Report:
- Market size estimation of the global fluorochemicals market on regional and global basis.
- The unique research design for market size estimation and forecast.
- Profiling of major companies operating in the fluorochemicals market with key developments.
- Broad scope to cover all the possible segments helping every stakeholder in the fluorochemicals market.
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The global Fluorochemicals Market is expected to reach USD 31.21 billion by 2024.
Growing setting up of HVAC arrangements in industrialized and automobile divisions is projected to increase use of refrigerants and accordingly expected to trigger the demand for fluorochemicals in the near future.
The fluorochemicals industry is estimated to touch 5398.2 kilo tons by the completion of the prediction period, growing at a CAGR of 4.3% from 2014 to 2024.Growth in demand for cooling systems and refrigeration in housing and industrialized division owing to modifications in standard of living and progress in the necessity of refrigeration for the storing of foodstuff products will expand the scope of the fluorochemicals market.
Yet, there is a reliable risk from ammonia by way of a substitute creation, due to its low-slung price.Request a Free Sample Copy of Fluorochemicals Market Report @ https://www.millioninsights.com/industry-reports/fluorochemicals-market/request-sampleThe fluorochemical industry on the source of Type of Application could span Blowing Agent, Refrigerant, Aluminum Production, Components, and Others.
It was responsible for more than 40% stake of the general capacity during the year 2013.
It will be increasing by a CAGR of 10.2%, by means of capacity.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the fluorochemicals market include 3M, DuPont, Daikin, Solvay SA., Asahi Glass, Arkema, Honeywell, Dongyue, Pelchem, Air Products & Chemicals Inc., Mitsui Chemicals Inc., Halocarbon Products Corp and Mexichem Fluor S.A. de C.V.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fluorochemicals Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fluorochemicals-market/download-sampleMarket DynamicsThe global fluorochemicals market is likely to exhibit significant growth during the forecast period.
In addition, the rising application of fluorochemicals, especially in the production of herbicides and pesticides, is fuelling the demand.
Further, growing automobile production, coupled with the exponential growth of the global automotive sector, is also anticipated to drive the market.
Fluorochemicals Market Report identifies the consumers’ needs and wants to deliver it more sincerely, effectively and efficiently than the competition.
Easy to understand research method and employment of excellent tools and techniques make this market research report exceptional.The study takes into account drivers and restraints for the market along with the impact they have on the demand over the forecast period.
Clients get fluency with a nice combination of best industry insight, practical solutions, talent solutions and latest technology while using this Fluorochemicals Report for the business growth.Get Download Free Sample Copy @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fluorochemicals-marketA market research study of this Fluorochemicals Report help businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to take up to outshine the rivals.
This market report leads to systematic problem analysis, model building and fact-finding for the purpose of decision-making and control in the marketing of goods and services.This Fluorochemicals Market report searches and analyses data which are relevant to marketing problems.
By completely understanding client’s requirements and following them strictly, this Fluorochemicals market research report has been structured.Segmentation of the Global Fluorochemicals Market –Fluorochemicals Market by Product –FluoropolymersSpecialtyFluorocarbonsFluoroelastomersInorganics and OthersFluorochemicals Market by End-Use –Aluminium ProductionHome & Industrial AppliancesRefrigerationPharmaceuticalsElectrical & Electronics and OthersFluorochemicals Market by Application –SurfactantsPropellantsAluminium ProductionRefrigerantAutomobileAgrochemicals and OthersTop Key Players of this Global Fluorochemicals Market –DuPont, DAIKIN INDUSTRIES Ltd., Solvay, AGC Inc., Arkema, The Chemours Company, Honeywell International Inc., Dongyue Group, Pelchem SOC Ltd, Mitsui Chemicals Inc., Air Products and Chemicals Inc., Central Glass Co. Ltd., 3M, Halocarbon Products Corporation, Mexichem S.A.B.
de C.V., Precision Polymer Engineering/IDEX, James Walker, Polycomp Bv, TRP Polymer Solutions Ltd, Hubei Everflon Polymer, Shanghai 3F New Materials Company Ltd among other domestic and global players.Get Detailed Toc and Charts & Tables @ https://www.databridgemarketresearch.com/toc/?dbmr=global-fluorochemicals-marketMajor goals of Fluorochemicals Market report can be listed as;Identify the reasons for failure of a product already in the market.Discover the better methods of distributing the products to consumers.Know the types of consumers and their buying motives.Recognize opinions and get suggestion for improvement of a product by consumers.Measure the strength and weakness of the competitors.Know the dimensions of the marketing problems.Estimate the market share of a firm.Calculate the probable sales volume of a firm.Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Want Full Report?
