Owing to the increase in the demand for refrigerators in the residential and industrial sector and changing consumer lifestyle are the key factors promoting the growth of the fluorochemicals market.
Fluorocarbons are anticipated to witness a high growth on account of increase in aluminum production, largely driven by its increasing usage in automotive and construction. The industry is positively driven by its extensive applications in air conditioning industry in automotive.
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Some of the key players in the fluorochemicals market are Daikin Industries, Solvay SA, Asahi Glass Corporation, E. I. du Pont de Nemours and Company, Arkema, Honeywell International Inc., The Chemours Company and 3M among others.
The report provides extensive qualitative and quantitative assessment of the present and future trends in the global fluorochemicals market
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Recent industry trends and developments in the fluorochemicals market
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Key players in the market are profiled and their recent developments, product portfolio, and other business strategies are listed
Excel data sheet with thousands of data points of the fluorochemicals market – level4/5 segmentation
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Based on the type, the global fluorochemicals market can be classified into, HFC, HCFC, fluoropolymers, fluoroelastomers, aluminum fluoride, inorganic & specialties and others. The demand for HFC and HCFC is anticipated to grow at a higher rate due to its extensive applications as refrigerants. Hydrofluorocarbon (HFC) and hydrochlorofluorocarbon (HCFC) play an important role in the production of refrigerants. These are mostly used in the HVAC (heating, ventilation, and air-conditioning) industry and the food and beverages industry.
Based on geography, the global fluorochemicals market can be classified into North America, South America, Asia Pacific, Europe, and RoW. Developing economies in Asia Pacific region has propelled the usage of fluorochemicals over the past few years. North America and Europe are considered as mature markets for fluorochemicals and South America contributes a smaller share when compared to other regions. Going forward, due to the environmental regulations, the consumption of fluorocarbons in North America and in some parts of Europe is anticipated to reduce due to phase-out of usage of refrigerants.
Based on applications the global fluorochemicals market can be classified into refrigerants & chillers, aluminum production, plastic blowing agents, medical applications, electrical & electronics and others. Refrigerants segment is anticipated to occupy the largest share due to its extensive usage in residential and commercial applications.
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