Press release
Fluorochemicals Market Top Key Participant Are Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema
Global Market Insights
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Global inorganics and specialty fluorochemicals should exceed USD 11 billion by 2024 due to is increased application by products like fluorosilicate, silicofluoride, cryolite and aluminum fluoride in manufacturing dental care products and as additive in toothpaste.
Aluminum production application will have a surge of demand owing to rising sales in commercial electrical appliances coupled with strong infrastructure development in regions like China, India and Indonesia. Revenue to be generated by using fluorochemicals in aluminum industry accounts to be over USD 500 million by 2024.
Inorganic fluorochemicals market size is estimated to reach up to USD 4 billion in sales by 2024. Increasing usage of sodium fluoride in dental care as a toothpaste additive owing to its functional benefits of preventing cavities and making teeth stronger and more resistant to decay will promote product demand.
Fluorocarbons market size from HFO (Hydrofluorocarbon) may witness steady gains at over 9%. Increasing preference over other fluorocarbons owing to favorable regulatory policies by EU Commission for adoption in mobile air conditioning systems to reduce emissions will have positive influence on fluorochemicals demand.
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By Product
• Fluorocarbon
• HFC
• HCFC
• HFO
• Fluoropolymer
• Inorganic Fluorochemicals
By Application
• Refrigerant
• Blowing Agent
• Aluminum production
• Components & others
Browse Full Report @ https://www.gminsights.com/industry-analysis/fluorochemicals-market
Increasing applications of blowing agent in foamed plastics manufacturing which are further used in variety of applications including weight reduction, convenience, comfort, cushioning and energy dissipation in automotive and electronics industry will have positive influence on fluorochemicals market growth. Key players are engaged in formulating low global warming potential (GWP) blowing agent for polyurethane foams which may stimulate product demand.
North America fluorochemical Market is forecasted to surpass USD 6.5 billion by 2024. Rising demand of automobiles, electrical appliances for household and commercial use should propel regional market growth.
Asia Pacific fluorochemicals Market should show a growth rate of over 6.5% by 2024. This growth can be attributed to increase in manufacturing capacity of air conditioning and refrigeration equipment. Soaring demand in construction business should also drive regional fluorochemicals market.
Global fluorochemical market share is consolidated and competitive. Key industry participants are Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema. Industry is characterized by product innovations to develop alternatives reducing environmental effects which will stimulate product demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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