Fluorochemicals Market Evaluation Key Indicators and Growth Projections

According to a report published by Allied Market Research, the global fluorochemicals market generated $21.4 billion in 2018 and is expected to reach $29.8 billion by 2026, reflecting a CAGR of 4.2% from 2019 to 2026. The research provides a comprehensive analysis of changing market dynamics, key investment opportunities, detailed segmentation, and the competitive landscape.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/5850

The market growth is driven by an increase in demand for commercial refrigeration products across various countries and a surge in the implementation of fluorochemicals in electrical and electronic applications. However, environmental concerns related to fluoropolymers pose a challenge to market growth. On the other hand, rising demand from the industrial maintenance sector is expected to create lucrative opportunities in the coming years.

Market Segmentation Insights:

By Type:

The fluorocarbons segment held over one-fourth of the total market share in 2018 and is projected to maintain its leadership position throughout the forecast period. This is attributed to the increasing demand for refrigerants in emerging markets such as Asia-Pacific and LAMEA.
The fluoroelastomers segment is expected to grow at the fastest CAGR of 5.1% during the forecast period, driven by its adoption in the chemicals industry due to its excellent performance in high-temperature and corrosive conditions.

By End Use:

The chemicals segment accounted for the largest market share, holding nearly one-third of the total market in 2018, and is expected to maintain its dominance through 2026. The preference for fluorochemicals in chemical processing is due to their superior properties, including high flexibility, tensile strength, chemical resistance, temperature resistance, reliability, and durability.

The electrical and electronics segment is anticipated to register the highest CAGR of 4.8% from 2019 to 2026.

Regional Insights:

Asia-Pacific held the largest market share, accounting for nearly half of the total revenue in 2018, and is projected to continue its dominance during the forecast period.
North America held the second-highest market share in 2018.
Europe is expected to grow at the fastest CAGR of 5.4% from 2019 to 2026.

Key Market Players:

- Arkema S.A.
- DuPont
- Daikin Industries, Ltd.
- Halocarbon Products Corporation
- Dongyue Group Co., Ltd.
- Kureha Corporation
- Honeywell International, Inc.
- Solvay SA
- Pelchem SOC Ltd.
- The 3M Company

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/fluorochemicals-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.