Press release
Global Fluorochemicals Market to hit $70 bn by 2024 | DowDuPont, Arkema, Asahi Glass Co., Ltd., Honeywell, Mexichem Fluor, Daikin America, Inc, Halocarbon Products Corporation, 3M, Solvay
Fluorochemicals Market
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Fluorochemicals Market to surpass USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Growth in development of efficient storage which requires commercial cooling systems for packaged and frozen food will drive fluorochemicals market size in refrigerants application. Rising installations of HVAC and air-conditioning systems in automotive and household applications should promote product demand. Increase in vehicle production with technical advancements may act as another driving factor towards industry growth.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3M
2. DowDuPont
3. Solvay
4. Daikin America, Inc
5. Asahi Glass Co., Ltd.
6. Arkema
7. Honeywell
8. Dongyue Group Ltd
9. Pelchem SOC Ltd
10. Halocarbon Products Corporation
11. Mexichem Fluor
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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.
Segmentation of fluorochemicals Market, By Product
• Fluorocarbon
• HFC
• HCFC
• HFO
• Fluoropolymer
• Inorganic Fluorochemicals
Segmentation of fluorochemicals Market, By Application
• Refrigerant
• Blowing Agent
• Aluminum production
• Components & others
Browse key industry insights spread across 225 pages with 251 market data tables & 24 figures & charts from the report, “Fluorochemicals Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fluorochemicals-market
Germany fluorochemical market size is anticipated to reach USD 3 billion by 2024. Strict regulatory norms restricting use of fluorocarbons such as HCF and HCFC which may cause environmental damage may act as a restraining factor. However, innovations to develop HFO compounds which will have low ozone depleting potential will drive fluorochemicals demand.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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