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Global Fluorochemicals Market was estimated at USD 22.77 billion and is projected to reach USD 34.96.

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Pratiksha
Global Fluorochemicals Market was estimated at USD 22.77 billion and is projected to reach USD 34.96.

The Global 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.

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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.

 Market Segmentation:

By Product Type:

  • Fluorocarbons
  • Fluoropolymers
  • Fluoroelastomers
  • AlF3
  • Others

 By Application:

  • Refrigerants
  • Aluminum Production
  • Plastic Foams
  • Electrical Equipments

 Companies Covered: Major Companies profiled in the report which are key players in the global fluorochemicals market DuPont, Arkema SA, 3M, Solvay SA, Daikin Honeywell, Asahi Glass, and Dongyue...

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