Fluorochemicals Market Size will Observe Substantial Growth by 2025

1. Global Fluorochemicals Market to Perceive Substantial Growth by the End 2025 With a significant emphasis on building product portfolios by key players, the global fluorochemicals market has become saturated, especially in North America and Europe, observes Transparency Market Research in a recently published report. Most of the manufacturers are striving hard to match up to the endless demands of fluorochemicals from numerous sectors. There are several businesses who are shifting their focus towards expanding in emerging economies in Asia Pacific and the Middle East and Africa. Some of the prominent players in this market are Daikin, Asahi Glass, Honeywell, Mitsui Chemicals, DuPont Inc., and Solvay SA, amongst several others. The global fluorochemicals market grossed US$16.88 bn in 2016. During the forecast period from 2016 to 2025, the market is expected to increase with a healthy CAGR of 5.3%, and reach a valuation of US$26.71 bn by the end of 2025. In the global fluorochemicals market, the product segment of fluorocarbons is expected to dominate the market in the next few years. This is mainly due to the rampant use of these compounds in packaging industry as refrigerants, aerosol propellants, and blowing agents. The segment’s leading position is also due to the strength and stability of the compounds’ covalent bonds, which make them appropriate for usage as solvents, lubricants, and stain repellants. The global fluorochemicals market is spread across five key regions: Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Of all these regions, Asia Pacific is predicted to depict maximum growth rate in the next few years, with a rough value estimation of US$15.21 bn by the end of the forecast period. Other markets such as the Middle East and Africa and Latin America are also expected to show a high growth rate during the same forecast period.

2. Demand for Air Conditioning and Air Propellants Boosts Market Growth One of the foremost driving factors for the global fluorochemicals market is the rising demand for refrigerants. These are mainly required for ventilation, heating, air conditioning, HVAC, and even in the food and beverages sectors. Compounds such as hydrochloroflurocarbon (HCFC) and hydrofluorocarbon (HFC), which are included under the fluorochemical products, are prime components needed while manufacturing the hydrocarbons. Hence, the rise in use of these hydrocarbons is significantly responsible for providing a tailwind to the market. Another factor that is expected to propel the global fluorochemical market’s growth is the increasing use of air conditioning, heaters, and other sources of ventilation. The various advantages of fluorocarbons is another factor that is being perceived as a prominent market growth propellant. Some of them are anti- corrosive characteristics, high electrical insulation, resistance to chemicals and heat, repellant nature to oil and water stains, etc. To obtain all-inclusive information on forecast analysis of Global Fluorochemicals Market , request a PDF brochure here. Rising Environmental Concerns Could Hinder Sales Countering the growth in the market, however, are several restraints too. They have directly affected the revenue generation of the global fluorochemicals market. A prime obstacle is the rising environmental concerns regarding usage of these fluorochemicals, which has caused several governments to form regulations to slowly phase out their utilization. Another restraint involves non-uniform availability of the source fluorospar mineral, without which fluorochemicals cannot be made. However, newer products and less harmful fluorocarbons are currently in the research and development phase. Once introduced in the market, they will help overcome the environmental challenge. About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.” Contact

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