Fluorochemicals Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH269 | Last Updated On: Jul 19 2022 | Available Formats

> Global Fluorochemicals Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Fluorochemicals Market is segmented By Type (Fluorocarbons, Fluoropolymers, Fluoroelastomers, Aluminum Flouride, Inorganic & Specialities, Others), By Application (Refrigerants and Chillers, Aluminium Production, Blowing Agents, Medical Applications, Electrical and Electronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The market valuation of global Fluorochemicals market is expected to grow CAGR during the forecasting period (2022-2029).

Market Drivers

  • The increase in the demand for refrigerators in the residential and industrial sector and changing consumer lifestyle are the key factors promoting the growth of the fluorochemicals market.

Market Segmentation

  • Based on the type, the global fluorochemicals market consists of the following categories: HFC, HCFC, fluoropolymers, fluoroelastomers, aluminum fluoride, inorganic & specialties and others.
  • The demand for HFC and HCFC is anticipated to grow at a higher rate due to its extensive applications as refrigerants. Hydrofluorocarbon (HFC) and hydrochlorofluorocarbon (HCFC) play an important role in the production of refrigerants. These are mostly used in the HVAC (heating, ventilation, and air-conditioning) industry and the food and beverages industry.
  • Based on application, the global fluorochemicals market is segmented into refrigerants & chillers, aluminum production, plastic blowing agents, medical applications, electrical & electronics and others.
  • Refrigerants segment shall occupy the largest share due to its extensive usage in residential and commercial applications.

Geographical Share

  • Based on geography, the global fluorochemicals market can be classified into North America, South America, Asia Pacific, Europe, and RoW. Developing economies in Asia Pacific region have propelled the usage of fluorochemicals over the past few years.
  • North America and Europe have been as mature markets for fluorochemicals and South America contributes a smaller share when compared to other regions.
  • Going forward, due to the environmental regulations, the consumption of fluorocarbons in North America and in some parts of Europe will reduce due to phase-out of usage of refrigerants.

Scope of the Report

The global fluorochemicals market is also segmented based on application into refrigerants & chillers, aluminum production, plastic blowing agents, medical applications, electrical & electronics and others. Refrigerants segment shall occupy the largest share due to its extensive usage in residential and commercial applications. The report covers the factors impacting the market, Porter Five Forces, Market Share Analysis, Product Mapping and company profiles.

Some of the key players in the fluorochemicals market are Daikin Industries, Solvay SA, Asahi Glass Corporation, E. I. du Pont de Nemours and Company, Arkema, Honeywell International Inc., The Chemours Company and 3M among others.

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