Global Fluorochemicals Market by Product (Fluorocarbons, Fluoropolymers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global fluorochemicals sales are expected to grow at 4.3% CAGR over the forecast period. Fluorochemicals demand will rise due to the increasing use of refrigerants in manufacturing and automotive.

Fluorochemicals' high resistance to organic solvents and acids will be a key factor driving product demand in electronics, automotive, and construction over the forecast period. The credible threat of ammonia as a replacement product, owing to its low price and regulatory developments, can limit fluorochemicals market expansion in the next years.

The rise in aluminum production is expected to drive hydrofluorides' demand. This is largely due to its growing use in the construction and automotive sectors. The forecast period will see a 3.8% increase in demand for this product.

The adoption of the Montreal and Kyoto Protocols in Europe, North America, and regulations concerning restriction on chemicals that have high global warming potential (GWP), are expected to affect fluorocarbons such as CFC and HCFC.

Product Insights

Fluorocarbons were dominant in the market and accounted for more than 50% of global volume in 2013. Due to strict regulations in Canada and the U.S. to eliminate CFC and HCFC compounds, it is likely to lose market share to inorganic or polymer counterparts.

Fluoropolymers will experience significant growth and increase at a rate of 10.2% volume over the forecast period. Fluoropolymers are expected to see a rise in their use in electronics, construction and automotive industries due to their high tensile strength, electrical insulation, and other properties.

Inorganic products saw a demand of 986.7 kilotons for 2013 and will continue to grow due to the increasing use of cryolite and silicofluoride, as well as fluorosilicate and aluminum fluoride in cleaning agents and aluminum manufacturing.

Application Insights

Globally, refrigerants dominated the industry. They accounted for more than 40.0% of the total volume in 2013. Industry growth is expected to be boosted by the growing importance of clean air systems within the manufacturing sector and the increased installation of HVAC systems into automobiles.

In 2013, there was a high demand for fluorochemicals in component- and other applications. This segment is expected to grow because of increased utilization of the product in manufacturing consumables used in industrial and household appliances.

Fluorochemicals can be used to make CFCs and HFCs as well as HCFCs which are used in refrigerants. They are also used extensively in the refrigeration industry, with a key role in heat ventilation air-conditioning, refrigeration equipment, self-chilling beverage cans, and defrost system.

Due to rising demand for refrigerants within the automotive industry as well as consumer durables, this industry will experience significant growth. This industry has high growth potential due to the rising demand for cooling equipment. Due to rapid growth in the region's manufacturing base and the growing automotive industry, Asia Pacific will see high cooling equipment consumption.

Regional Insights

Asia Pacific was responsible for more than 45.0% of global volume in 2013. It is expected that it will experience significant gains and grow at a healthy rate of CAGR over the forecast period. A positive outlook for the automotive sector in China, India and Indonesia is expected to lead to increased use of refrigerants in vehicles' HVAC systems and contribute to industry growth.

Due to the abundance of aluminum resources in China, India and Australia, as well as the regulatory inclination towards promoting FDI within the domestic metal sector, it is expected that its use will increase. The U.S. government announced that it would be ending certain fluorochemicals, including HCFC-22 (also known as R-22) and HCFC-142b, starting in 2010. This is expected to have a negative effect on market growth during the forecast period.

Fluorochemicals Market Share insights

In 2013, the top four manufacturers held over 40% of the global fluorochemicals industry. DuPont and Arkema SA are key manufacturers. 3M, Solvay SA is a major manufacturer. 3M, Solvay SA is a leading manufacturer. 3M, Solvay SA has a significant share of the global fluorochemicals market. 3M, Solvay SA is a major manufacturer. Asahi Glass, Asahi Glass and Asahi Honeywell are also important manufacturers. Solvay began production of NOVOLOK in Quzhou, China, in July 2014.

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 to make oil- and water-repellent coatings. Growth will continue to be driven by new product development and expansion of manufacturing units in high-demand regions.

Up Market Research published a new report titled “Fluorochemicals Market research report which is segmented by Product (Fluorocarbons, Fluoropolymers), By Players/Companies DuPont, 3M, Asahi Glass, Solvay commenced the production of NOVOLOK at Quzhou, Daikin Honeywell, Solvay SA, China, Arkema SA, Dongyue In July 2014”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fluorochemicals Market Report Segments:

The market is segmented by Product (Fluorocarbons, Fluoropolymers).

Fluorochemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fluorochemicals Market

Overview of the regional outlook of the Fluorochemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fluorochemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fluorochemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Fluorocarbons

                2. Fluoropolymers

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fluorochemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Fluorochemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.