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.
Yet, there is a reliable risk from ammonia by way of a substitute creation, due to its low-slung price.
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.
The group of emerging markets motivating demand for fluorochemicals for the usage in diverse applications and businesses, has boosted the market in the Asia Pacific.