The global Fluorochemicals Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
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.
Key Players:
- 3M
- DuPont
- Daikin
- Solvay SA.
- Asahi Glass
- Arkema
- Honeywell
- Dongyue
- Pelchem
- Air Products & Chemicals Inc.
- Mitsui Chemicals Inc.
- Halocarbon Products Corp
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Growth Drivers:
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. Greater confrontation to carbon-based acids, bases and dilutors, presented by fluorochemicals are projected to be critical for increasing demand in the applications such as building construction, electronics and automobile, above the prediction period. Yet, there is a reliable risk from ammonia by way of a substitute creation, due to its low-slung price.
Application Outlook:
- Refrigeration
- Aluminum Production
- Blowing Agents
- Components and others
The subdivision of Refrigerant applications ruled the international market for fluorochemicals. It was responsible for more than 40% stake of the general capacity during the year 2013. Growing significance of unpolluted air arrangements in manufacturing business together with growing setting up of HVAC arrangements in automobiles is projected to drive the progress of the business in the nearby future.
Product Outlook:
- Fluorocarbons
- HCFC
- HFC and others
- Fluoropolymers
- Inorganics and Specialties
The market for the subdivision of Fluoropolymers is projected to observe substantial improvements above the prediction period. It will be increasing by a CAGR of 10.2%, by means of capacity. Growing ingestion of fluoropolymers in the manufacturing of automobile, electronics and building construction because of giving greater stretchable strength and electrical protection is likely to take an optimistic influence above the prediction period.
Regional Outlook:
The fluorochemicals industry is divided by region as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. By the source of geography, the Asia Pacific is the most important area in the fluorochemical market. 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.
North America and Europe are the established markets for fluorochemicals. Guidelines through dissimilar businesses and uses for example manufacture of refrigerants, foodstuff & liquid refreshment, aluminum, plastic foams, etc. have given rise to the progress of the market within these two areas. In contrast, Latin America and the Middle East & Africa represent a comparatively reduced stake in the fluorochemicals industry because of the unpredictability of the governments, in the areas, which is impeding progress of the economy.
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