Fluorochemicals Market Analysis

Fluorochemicals Market Analysis

Fluorochemicals market share from fluoropolymers is poised to surpass USD 9 billion by 2024. It has wide application in automotive, semiconductor, aircraft and household appliances. Key properties include high chemical, solvent, acids and base resistance, superior electric properties and non-adhesiveness. Increasing application range in healthcare industry for medicals implants due to excellent biocompatibility will boost product demand in this application.
 

Fluorocarbons market size may observe significant gains close to 3%. It is used in propellants, blowing agents, refrigerants and solvent. Rising concerns regarding ozone depletion may negatively impact product demand. However, major manufacturers are formulating less harmful fluorochemical substitutes which will surge product demand.
 

Fluorochemicals market outlook from refrigerants application may reach to USD 30 billion in terms of sales at the end of 2024. Increase in consumption of packaged and frozen food has led to rise in market demand for commercial cooling systems which may favor industry growth. Moreover, growth in installations of air conditioning systems due to rise in consumer purchasing power will fuel product demand.
 

Fluorochemicals industry size from aluminum production may witness gains close to 2.5%. Lightweight and low maintenance characters have promoted aluminum usage in electronic and automotive application which may propel product demand. Fluorine based chemicals such as AHF are prominently used for aluminum production owing to its cost effectiveness.
 

Asia Pacific driven by India, South Korea Japan and China fluorochemicals market outlook may exceed 2.5 million tons at the end of 2024. Rising installations of HVAC systems in infrastructure and automotive may drive regional industry growth. Fluor Technology products are widely used in construction & building industry to provide anti-corrosion, high durability and UV resistance properties to materials such as architectural membranes and coatings, caulks, and wire and cable.
 

Europe driven by Germany, France Italy and UK market may register strong gains over 3%.  Growing healthcare spending supported by R&D on fluoropolymers usage in medicals implants may favor product demand. Presence of major players engaged in product innovation for wide application spectrum will propel regional industry growth.
 

Brazil market may witness strong gains due to increase in demand for commercial cooling systems for effective storage of perishable goods. Rise in development of restaurants and distribution service along with growing need for effective transportation will boost regional demand.