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A recent report published by Infinium Global Research
on fluorochemicals market provides in-depth analysis of segments and
sub-segments in global as well as regional fluorochemicals market. The study
also highlights the impact of drivers, restraints and macro indicators on the
global and regional fluorochemicals market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of global fluorochemicals market. According to the report the global
fluorochemicals market is projected to grow at a CAGR of 5.5% over the forecast
period of 2018-2024.
Fluorochemicals are the chemical compounds containing a large portion of fluorine. The fluorochemicals have good thermal stability, high resistance, and chemical reactivity, thus they are used in the various industrial application including air conditioning and refrigeration, aluminum production, electrical & electronics, personal care industries and in several other applications as fluorocarbons, fluoropolymers, inorganic fluorochemicals.
The rapidly growing demand for air conditioning and
refrigeration systems in the industrial, as well as domestic sectors, drive the
growth of fluorochemicals market worldwide. In addition, the use of
fluorochemicals in various industries such as HVAC (heating, ventilation,
and air-conditioning) industry, food, and beverages industry, construction, and the pharmaceutical industry is rising which likely to boost the growth of
fluorochemicals market. However, some fluorochemicals are responsible for the
degradation of the ozone layer, so as thus several countries the government are
taking strict measure to reduce the greenhouse emission that is expected to be
the restraining factor for the growth of fluorochemicals market over the
forecast period. Moreover, rising demand for aluminum products from various
industries such as automotive and aeronautics construction, electronics and
others are projected to create several opportunities in upcoming years.
Air conditioning and refrigeration application segment are
expected to dominate the market of fluorochemicals over the forecast period.
The rising demand for air conditioning and refrigeration from various
industries including automotive, pharmaceuticals, healthcare, construction, and
chemicals are contributing to the growth of the fluorochemicals market all over
the globe.
Among the geographies, Asia-pacific accounts for the largest
market share in the fluorochemicals market. fluorochemicals are used in
applications such as aluminum production, food, and beverages, plastic foams,
refrigerants, etc. across various industries that lead to increasing demand for
fluorochemicals among Asia Pacific region is likely to boost the growth of
fluorochemicals market in the Asia-pacific region. The growing industrialization is
projected to create several opportunities for fluorochemicals in the
Asia-Pacific region over the forecast period.
The report on global fluorochemicals market covers
segments such as product, applications, and end users. On the basis of product, the global
fluorochemicals market is categorized into fluorocarbons, fluoropolymers,
inorganic fluorochemicals, and others. On the basis of applications, the global
fluorochemicals market is categorized into air conditioning & refrigeration,
aluminum production, electrical & electronics, and others. On the basis of
end users, the global fluorochemicals market is categorized into automobiles,
pharmaceuticals industries, consumer goods, foundry chemicals, and others.
The countries covered in the North America region
include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others. Moreover, Germany, U.K.,
France, Spain, and Rest of Europe are included in the European region. The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-pacific region offers substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience a growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the
global fluorochemicals market such as DuPont Inc, Daikin, Solvay SA, Asahi
Glass, Arkema, Honeywell, Dongyue, Pelchem, Mitsui Chemicals Inc. and Air
Products & Chemicals Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global fluorochemicals market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fluorochemicals market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fluorochemicals market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the fluorochemicals market to understand the present and future trends in this market and formulate their strategies accordingly.
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