Press release
Fluorochemicals Market from components application to surpass USD 25 billion by 2024
Fluorochemicals Market
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Global fluorochemicals market is one of the most opportunistic yet debatable business spheres of recent times. The trend is driven by the product being a subject of questions by regulatory authorities on grounds of its environmental viability. The United States EPA is taking significant measures to limit four PFASs (poly and perfluorinated alkyl compounds) that are responsible for contaminating drinking water in at least twenty states across the nation. The move marks a remarkable influence of the regulatory framework in swaying the fluorochemicals market trends.
A major shift in the competitive landscape of fluorochemicals market is underway with renowned biggies joining forces to come up with solutions that are in sync with the sustainability trends. Chemours’ strategic tie up with Arkema bears a testimony to the aforementioned declaration. Reportedly, the American fluorochemical industry giant has signed an agreement with Arkema for distributing XP40 in the European Union to address the growing GWP (global warming potential) refrigerants demand under the F-gas regulation.
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.
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
China refrigerants application Market may register gains over 6% by 2024. High investments in residential and public infrastructural projects has led to rising installations of AC’s and internal cooling systems which is likely to surge fluorochemicals market growth. Moreover, China is the largest producer of fluorspar which is a key raw material for fluorocarbons commercial production which may have positive impact on regional industry growth.
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 market growth.
Some Points from Table of Content (ToC):
Chapter 5 Fluorochemicals Market, By Application
5.1 Key application trends
5.2 Refrigerants
5.2.1 Refrigerants market estimates, (Kilo Tons) (USD Million), 2013-2024
5.2.2 Refrigerants market estimates, by region, (Kilo Tons) (USD Million), 2013 – 2024
5.3 Aluminium production
5.3.1 Aluminium production market estimates, (Kilo Tons) (USD Million), 2013-2024
5.3.2 Aluminium production market estimates, by region, (Kilo Tons) (USD Million), 2013 – 2024
5.4 Blowing agent
5.4.1 Blowing agent market estimates, (Kilo Tons) (USD Million), 2013-2024
5.4.2 Blowing agent market estimates, by region, (Kilo Tons) (USD Million), 2013 – 2024
5.5 Components & others
5.5.1 Components & others market estimates, (Kilo Tons) (USD Million), 2013-2024
5.5.2 Components & others market estimates, by region, (Kilo Tons) (USD Million), 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/fluorochemicals-market
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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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