Press release
Fluorochemicals Market Size is Poised to Reach US$ 31.0 Billion by 2028
Fluorochemicals Market
Fluorochemicals are a class of organic compounds that contain carbon-fluorine bonds. They are characterized by their high chemical stability, resistance to heat and fire, low friction, and unique electrical properties. They aid in removing water, soil, and oil particles from metals, papers, carpets, and fabrics. They also make abrasion, chemical, and fire-resistant polymers that are utilized in non-stick cookware, grease-wicking pizza boxes, airplane hydraulic fluid, and breathable rain jackets.
How Big Is the Fluorochemicals Market?
The global fluorochemicals market size reached US$ 23.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 31.0 Billion by 2028 exhibiting a CAGR of 4.09% during 2023-2028.
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What Are the Growth Prospects and Trends in The Fluorochemicals Industry?
The increasing use of fluorochemicals in refrigeration equipment, heat, ventilation and air-conditioning (HVAC), and defrost systems to provide efficient cooling represents one of the primary factors bolstering the market growth around the world. Moreover, the rising adoption of fluorochemicals in various medical devices and equipment, such as catheters, surgical implants, and dental instruments, due to their biocompatibility and low friction properties, is favoring the growth of the market. In addition, the growing usage of fluorochemicals in the automotive sector to manufacture sensors and components for internal combustion engines (ICE), including turbocharger hoses, gaskets, and crankshaft seals, is influencing the market positively. Apart from this, fluorochemicals are employed in the construction industry to provide anti-corrosion and ultraviolet (UV) resistance properties. Along with this, the increasing construction activities in residential spaces are propelling the growth of the market.
What is included in market segmentation?
The report provides detailed segmentation of the global fluorochemicals market based on based on type, application and end use and region.
Breakup by Type:
Fluorocarbons
Fluoroelastomers
Fluoropolymers
Inorganics
Others
Breakup by Application:
Surfactants
Propellants
Aluminum Production
Refrigerant
Automobile
Agrochemicals
Others
Breakup by End Use:
Electrical and Electronics
Petrochemicals
Chemicals
Aerospace
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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