Press release
Fluorochemicals Market 2018 Analysis by 2024-Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema
Fluorochemicals Market
Fluorochemicals are obtained from mining fluorite, which is used in producing cobalt difluoride, sodium fluoride, nickel difluoride and potassium fluoride finding strong application scope in electronics and chemical industries.
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Fluorochemical is a part of specialty chemicals and is estimated to exceed market worth by over USD 32 billion by 2024. Specialty chemicals market is strongly led by construction and automotive industry applications. China alone produced 25% of the global market share in automobile production in 2015. Increased application scope of fluorochemicals in automotive industry should propagate market growth.
Fluorochemicals has extensive use in automotive, construction and electronics application which is attributed to its high resistance to organic solvents, bases and acids. Ammonia poses threat being a substitute for fluorochemicals at low cost and regulatory developments and might hinder product demand.
Europe and North America adopted Kyoto and Montreal Protocols to control usage of chemicals having high global warming potential (GWP) and will hinder product demand of CFC and HCFC.
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Global fluoropolymers market is anticipated to witness highest growth rate of over 10% by 2024. This growth can be attributed to its extensive application scope in weather & chemical resistant fabrics and nonstick cookware. It is also used in manufacturing safety equipment for automotive and aircraft industry due to its key properties like durability, high resistance and strength.
Global fluorocarbon Market should surpass USD 8 billion by 2024 owing to its growing usage as aerosol propellant, solvent, refrigerant and blowing agent in refrigeration and automobile sectors. Rising environmental problems like ozone layer depletion and global warming might impact product penetration.
Global fluorochemicals market is fragmented with many key industry participants. Some key players include DuPont, Daikin, Solvay, Asahi Glass, Arkema and 3M.
Partial Chapter of the Table of Content
Chapter 4 Fluorochemicals Market, By Product
4.1 Key product trends
4.2 Fluorocarbon
4.2.1 Fluorocarbon market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.2 Fluorocarbon market estimates, by region, (Kilo Tons) (USD Million) 2013 - 2024
4.2.3 HCFC
4.2.3.1 HCFC market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.3.2 HCFC market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.2.4 HFC
4.2.4.1 HFC market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.4.2 HFC market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.2.5 HFO
4.2.5.1 HFO market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.5.2 HFO market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.3 Inorganics & specialties
4.3.1 Inorganics & specialties market estimates, (Kilo Tons) (USD Million), 2013-2024
4.3.2 Inorganics & specialties market by region, 2013 - 2024
4.4 Fluoropolymers
4.4.1 Fluoropolymers market estimates, (Kilo Tons) (USD Million), 2013-2024
4.4.2 Fluoropolymers market by region, 2013 - 2024
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