Global Fluorochemicals Market, By Product (Fluoropolymers, Specialty, Fluorocarbons, Fluoroelastomers, Inorganics and Others), End Use (Aluminium Production, Home & Industrial Appliances, Refrigeration, Pharmaceuticals, Electrical & Electronics and Others), Application (Surfactants, Propellants, Aluminium Production, Refrigerant, Automobile, Agrochemicals and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Fluorochemicals Market
Fluorochemicals market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the fluorochemicals market to account to USD 30.92 billion growing at a CAGR of 5.18% in the above-mentioned forecast period. Growing applications of fluorochemicals in a variety of industries has been directly impacting the growth of fluorochemicals market.
Fluorochemicals are the chemical compounds containing a large portion of fluorine. The fluorochemicals have good thermal stability, high resistance, and chemical reactivity, thus they are used in the various industrial application including air conditioning and refrigeration, aluminium production, electrical & electronics, personal care industries and in several other applications as fluorocarbons, fluoropolymers, inorganic fluorochemicals.
Rising demand of the applications of refrigerants in various cooling systems is a main driver for fluorochemicals market. Rising demand from the automobile and pharmaceutical industry for its demand is also a driver for the fluorochemicals market. Increasing use of fluorochemicals in the automotive and construction sectors is also an opportunity for the growth of fluorochemicals market.
Strict regulations provided by the various governments and authorities related to the usage of fluorochemicals and its effects on environment is a challenge for fluorochemicals market. However, lack of or unavailability of fluorospar mineral which is a source of production of fluorochemicals is a restraint in growth of fluorochemicals market during the forecast period of 2021-2028.
This fluorochemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research fluorochemicals market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In November 2019, Solvay multiplied its production capacity of high-performance polymer SOLEF polyvinylidene fluoride (PVDF) at its production site in Changshu, China. The project supports the Group’s recently-announced G.R.O.W. STRATEGY, which focuses on investment in high-growth sustainable solutions in materials. The new site production is targeted to be on stream by H1, 2022. Sustainable mobility is propelling double-digit growth need for PVDF in applications in lithium-ion batteries for electric vehicles, where Asia is the largest market. Solvay’s solutions and innovation pipeline in SOLEF PVDF will help its customers optimize energy storage performance by improving the battery’s energy density, safety and power.
Fluorochemicals Market Scope and Market Size
Fluorochemicals market is segmented on the basis of product, end use and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the fluorochemicals market is segmented into fluoropolymers, specialty, fluorocarbons, fluoroelastomers, inorganics and others. Fluorocarbons is further segmented into HFC, HCFC and HFO. Fluoropolymers is further segmented into PTFE, PVDE, PCTFE and FEP. Fluoroelastomers is further segmented into inorganics & specialties, elemental fluorine and fluoropolymer additives.
- Based on end use, the fluorochemicals market is segmented into aluminium production, home & industrial appliances, refrigeration, pharmaceuticals, electrical & electronics and others.
- Based on application, the fluorochemicals market is segmented into surfactants, propellants, aluminium production, refrigerant, automobile, agrochemicals and others.
Fluorochemicals Market Country Level Analysis
Fluorochemicals market is analysed and market size insights and trends are provided by country, product, end use and application as referenced above.
The countries covered in the fluorochemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the fluorochemicals market due to rising installations of HVAC systems in infrastructure and automotive. Increase in disposable income and rise in consumer base in the region. Emergence of advanced technology in industries is also a reason for the growth of market in this region. Europe is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to growing healthcare spending supported by R&D on fluoropolymers usage in medicals implants may favour product demand. Presence of major players engaged in product innovation for wide application will propel regional industry growth.
The country section of the fluorochemicals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fluorochemicals Market Share Analysis
Fluorochemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fluorochemicals market.
The major players covered in the fluorochemicals market report are DuPont, DAIKIN INDUSTRIES Ltd., Solvay, AGC Inc., Arkema, The Chemours Company, Honeywell International Inc., Dongyue Group, Pelchem SOC Ltd, Mitsui Chemicals Inc., Air Products and Chemicals Inc., Central Glass Co. Ltd., 3M, Halocarbon Products Corporation, Mexichem S.A.B. de C.V., Precision Polymer Engineering/IDEX, James Walker, Polycomp Bv, TRP Polymer Solutions Ltd, Hubei Everflon Polymer, Shanghai 3F New Materials Company Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.