Fluorochemicals Market Competition Status, Emerging Trends and Key Players (Honeywell, 3Mcompany, Solvay, Mitsui Chemicals Group, DuPont, Daikin Industries, Ltd., Asahi Glass Co., Ltd., Mexichem, Arkema & Air Products) Outlook to 2023

Fluorochemicals are chemical derivatives of fluorine, a chemical element which is found in the Earth’s crust. These chemicals have a differentiated application base in a number of industries, including electronics, pharmaceuticals, automotive, and chemicals. These chemical derivatives of fluorine are utilized in these industries as blowing agents, air-conditioners, refrigerators, fire extinguishers, and others.

The fluorochemicals market has been categorized on the basis of application into refrigerants, aluminum production, aluminum foams, and electrical and electronics. Refrigerants accounted for maximum share in the market.

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Key factors driving the growth of the fluorochemicals market are growing adoption of clean air systems in residential, commercial, and industrial installations, and increasing installation of HVAC systems in automobiles. These are expected to augment the market growth in the near future.

The global automotive industry is also growing at a swift pace driven by demand for vehicles across the APAC, LATAM and European region. Furthermore, the use of fluoropolymers in fuel cells to meet the demand of high performance, lightweight vehicles is also providing novel application areas in automobiles.

Some of the major players operating in the global fluorochemicals market are Honeywell international Inc., 3M Company, Solvay SA, Mitsui Chemicals Inc., DuPont, DAIKIN INDUSTRIES Ltd., ASAHI GLASS CO. LTD., Mexichem S.A.B. de C.V., Arkema Group, and Air Products and Chemicals Inc.

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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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