Press release
Fluorochemicals Market Growth Opportunities By 2018-2024 - Forecast Report to Hit $70 bn 2018 to 2024 | 3M, DowDuPont, Solvay, Daikin America, Inc, Arkema, Honeywell
Fluorochemicals Market
Chemours’ latest acquisition of ICOR International that generated ripples of anticipation in fluorochemicals market is a classic instance of what analysts deem the ‘tried-and-tested’ route. The leading refrigerant manufacturer, in an attempt to solidify its consumer base across North America, took over the U.S. based supplier of branded refrigerants, despite boasting of an already established liaison with equipment owners and contractors.
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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.
Fluorochemicals market research report includes in-depth coverage of the industry
By Product
• Fluorocarbon
• HFC
• HCFC
• HFO
• Fluoropolymer
• Inorganic Fluorochemicals
By Application
• Refrigerant
• Blowing Agent
• Aluminum production
• Components & others
Growth drivers
• North America
1. Growing refrigerant demand in packaged food industry
• Asia Pacific
2. Increasing demand for HVAC in automotive and construction industry
• Rising application as blowing agent
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
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.
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High prices of fluorocarbons owing to phasing out policies with increasing demand and less supply may hamper industry profitability and affect fluorochemicals market price trends. In addition, inclusion of high compliance cost owing stringent regulations will limit 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.
Browse key industry insights from the report, “Fluorochemicals Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fluorochemicals-market
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.
India fluorochemicals market size may exceed to USD 3 billion by 2024. Growth in automotive and electronics industry owing to rapid industrialization and upgrading consumer lifestyle will surge regional product demand. Moreover, supporting FDI policies has led to rise in automotive and aluminum production which will bolster regional product 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.
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