Press release
Fluorochemicals Market Top Key Players: Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema
Fluorochemicals Market
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Growth in aluminum production to cater its demand in various end use industries including transportation, electronics, construction and foil & packaging may contribute towards industry growth. Fluorocarbon are used for aluminum production through electrolysis which is a cost effective and energy efficient. Favorable FDI policies are likely to boost aluminum production which may favor fluorochemicals demand.
Growing application scope in healthcare industry as active ingredient for pharmaceutical formulations may act as a major contributing factor towards product demand. In addition, fluoropolymers find application in medical devices owing to its performance characters including lubricity, biocompatibility, low binding and chemical inertness should favor product demand, thus promoting fluorochemicals market growth.
France fluorochemicals Market may exceed to USD 2.5 billion at the end of forecast timeframe. Presence of key industry players formulating innovative product range with energy efficiency and environmental benefits along with compliance with stringent government policies phasing out fluorocarbons will positively favor regional industry growth.
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
U.S. fluorocarbon Market from HFO product may exceed USD 10 billion up to 2024. Technological innovations in developing alternative novel solutions to cope with the fluorocarbons ban may positively impact product demand. Development of new equipment for HFO production supported by its increasing usage in aerosol propellants, solvent use and blowing agent applications will drive fluorochemicals industry growth.
Global fluorochemicals market share is consolidated with presence of major players including Daikin Industries, Arkema, Mexichem, Dupont, Pelchem, Asahi Glass, Solvay S.A., 3M company, Honeywell Inc, Dongyue Group and Halocarbon Product Corp.
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