Press release
Growth Opportunities in the fluorochemicals market and forecasts report by 2026
North America contributed to the second-highest share of the market in 2018. However, Europe is estimated to maintain the highest CAGR of 5.4% from 2019 to 2026. This is attributed to the requirement for lightweight automotive parts among consumers as per the Euro 6 emission standards.Based on region, Asia-Pacific accounted for the highest market share in terms of revenue, accounting nearly half of the global fluorochemicals market in 2018, and is estimated to dominate in terms of revenue during the forecast period. This is due to increased demand for fluorocarbons, fluoropolymers, and fluoroelastomers with emerging application sectors such as construction, healthcare, electronics, home repair & hardware, automotive, and chemical processing.
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Major industry participants in the fluorochemicals market include Arkema S.A., Daikin Industries, Ltd., DuPont, Dongyue Group Co., Ltd., Halocarbon Products Corporation., Honeywell International, Inc., Kureha Corporation, Pelchem SOC Ltd., Solvay SA, and The 3M Company.
Key offerings of the report:
• Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
• Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
• Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
• Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
• Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
Based on type, the fluorocarbons segment contributed to more than one-fourth of the total share of the global fluorochemicals market in 2018, and is expected to retain its lead status during the forecast period. This is attributed to increase in demand for refrigerants in emerging economies including LAMEA and Asia-Pacific. However, the fluoroelastomers segment is expected to register the fastest CAGR of 5.1% from 2019 to 2026. This is due to increase in its adoption in the chemicals industry due to its excellent performance in the corrosive and high-temperature work environments.
Key Benefits:
• The report provides a qualitative and quantitative analysis of the current silicone gel market trends, forecasts, and market size from 2021 to 2022 to determine new opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market player positioning segment provides an understanding of the current position of the market players active in the silicone gel market.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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