The global fluorochemicals market is expected to be valued at USD 29.55 Billion in 2027 from USD 19.85 billion in 2019, registering a CAGR of 5.1% through the forecast period. Fluorochemicals are chemical compounds significantly comprising fluorine and hydrocarbons. The most commonly used fluorochemicals include fluorocarbons, specialty fluorochemicals, fluoropolymers, hydrochlorofluorocarbons (HCFCs), and various others. The predominant applications of fluorochemicals include refrigeration, aluminum production, and blowing agents, among numerous other applications.
Revenue from the global fluorochemicals market is expected to increase profoundly over the forecast period, owing to various favorable factors. The escalating need for refrigerants and cold storage systems across a wide range of industries, including pharmaceutical, food & beverage, aerospace, electrical & electronics, and various others, is one of the factors indispensable to the global market growth. The significantly rising atmospheric temperatures due to GHG (greenhouse gas) emissions and global warming have further prompted the need for refrigeration in these industries to preserve product quality. Key industry participants include:
3M, Daikin Industries, DuPont, Solvay SA, Honeywell, Pelchem, Dongyue, Archema SA, Halocarbon Products Corp., and Mexichem.
The growing commercial applications of refrigeration/cooling systems, such as supermarkets and departmental stores, to preserve perishable foods have boosted the demand for fluorochemicals. The other vital parameters contributing to the market growth are the growing installation of HVAC systems, expanding cold chain logistics sector, increasing applications of organic fluorochemicals in the pharmaceuticals, food & beverage, and automotive sectors, and the widespread use of fluorochemicals as anesthetic agents in dental procedures. Fluorochemicals are characterized by their superior electric properties, high resistance to acids and solvents, and non-adhesiveness. Moreover, they are extensively utilized in medical implants due to their excellent biocompatibility. However, the rising environmental concerns regarding the use of fluorochemicals, mainly fluorocarbons, act as a critical market restraint.
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Key findings of the report:
For the purpose of this study, the global fluorochemicals market has been segmented on the basis of product type, application, end-user, and region:
By Product Type (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
By Application (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
By End-user (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
By Region (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics Chapter 4. Fluorochemicals Segmentation & Impact Analysis 4.1. Fluorochemicals Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rapid Growth in the Geriatric Population 4.2.2.2. Rising Innovation in Fluorochemicals Products 4.2.2.3. Increased Incidence of Diabetes & Associated Chronic Wounds 4.2.3. Market restraints analysis 4.2.3.1. High cost of products for Fluorochemicals 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
Chapter 5. Fluorochemicals Market By Product Type Insights & Trends 5.1. Product Type Dynamics & Market Share, 2020 & 2027 5.2. Moist Wound Dressings
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