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Global Fluorochemicals Market Report Size, Share, Growth: By Product: Fluorocarbons, Fluoropolymers, Inorganic Chemicals, Speciality Organics, Gases; By Application: Refrigerant, Blowing Agent, Aluminium Production, Surfactants, Others; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Fluorochemicals Market Outlook
The global fluorochemicals market reached a value of about USD 24.44 billion in 2023. The industry is further expected to grow at a CAGR of about 4% in the forecast period of 2024-2032 to reach a value of around USD 34.80 billion by 2032.
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Asia Pacific to be a Significant Regional Market for Fluorochemicals
The Asia Pacific region is expected to dominate the global market due to the massive electronics manufacturing base and rising establishments of central air models in buildings and cars. The increase in consumer base in the region and the increase in disposable income are adding opportunities for the commercial refrigeration market in the Asia Pacific region, which adds to the demand for fluorochemicals. Countries contributing majorly to the Asia Pacific market include China, Japan, and India. The rise in installations of HVAC systems in infrastructure and automotive industries may drive the regional industry growth further. Fluor technology products are widely used in the construction and building sector to provide anti-corrosion, high durability, and UV resistance to materials such as architectural membranes and coatings, caulks, and wire and cable. The abundance of aluminium reserves in China, India, and Australia, and the regulatory inclination to promote FDI in the domestic metal sector, are expected to increase its application in the region. The emergence of advanced technology in industries is also a reason for the market's growth in this region.
Based on Product, Fluorocarbons Expected to Dominate the Market Growth
Among the product types, fluorocarbons are expected to observe significant growth in the coming years as it is widely used in propellants, blowing agents, refrigerants, and solvents. Rising concerns regarding ozone depletion may negatively impact the product demand. However, major manufacturers are formulating less harmful fluorochemical substitutes, which will surge the product demand.
On the other hand, fluoropolymers are expected to witness significant gains over the forecast period. The growing consumption of fluoropolymers in sectors like electronics, construction, and automotive, on account of properties including high tensile strength and electrical insulation, is expected to impact the segment growth over the forecast period positively.
Market Segmentations
Fluorochemicals are chemical substances that contain a significant amount of fluorine. Fluorochemicals are used in various industrial applications, such as air conditioning and refrigeration, aluminium production, electrical and electronics, personal care, and other applications such as fluorocarbons, fluoropolymers, and inorganic fluorochemicals because they have good thermal stability, high resistance, and chemical reactivity.
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By product, the market is divided into:
- Fluorocarbons
- Fluoropolymers
- Inorganic Chemicals
- Speciality Organics
- Gases
The major applications of the market include:
- Refrigerant
- Blowing Agent
- Aluminium Production
- Surfactants
- Others
The end-uses of the market are:
- Electricals and Electronics
- Petrochemicals
- Aerospace
The regional markets for the fluorochemicals market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Rising Demand from Industrial and Domestic Sectors Augmenting the Market Growth
The rise in demand for refrigerators and cooling systems in the industrial and domestic sector due to changes in lifestyle and growth in refrigeration need for convenience food products storage will drive the market demand for fluorochemicals. The growing use of HVAC systems in the manufacturing and automotive industries is predicted to increase refrigerant usage and, as a result, fluorochemical demand. Fluorochemicals' high resistance to organic solvents, bases, and acids is a critical feature that will drive product demand in automotive, electronics, and construction applications over the forecast period. However, the credible threat of ammonia as a substitute product due to its low cost and regulatory developments may limit the expansion of the fluorochemicals market in the coming years.
Application potential in the pharmaceutical industry, owing to its non-flammable properties, is likely to act as a key driving factor toward industry growth. It is prominently used as anaesthesia in dental care. An increase in research and development expenditure, mainly in the pharma industry, to develop novel product ranges will propel industry growth further. Growth in departmental stores, hypermarkets, and supermarkets has led to a rise in the need for proper storage facilities for perishable food products, which will likely contribute to the market growth.
Key Players in the Global Fluorochemicals Market
The report gives a detailed analysis of the following key players in the global fluorochemicals industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Orbia Advance Corporation S.A.B. de CV
- 3M Company
- AGC Group
- DuPont de Nemours, Inc.
- Halocarbon, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fluorochemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluorochemicals Historical Market (2018-2023)
8.3 Global Fluorochemicals Market Forecast (2024-2032)
8.4 Global Fluorochemicals Market by Product
8.4.1 Fluorocarbons
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluoropolymers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Inorganic Chemicals
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Speciality Organics
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Gases
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Fluorochemicals Market by Application
8.5.1 Refrigerant
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Blowing Agent
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Aluminium Production
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Surfactants
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Fluorochemicals Market by End Use
8.6.1 Electricals and Electronics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Petrochemicals
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Aerospace
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Fluorochemicals Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Fluorochemicals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fluorochemicals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fluorochemicals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fluorochemicals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fluorochemicals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Orbia Advance Corporation S.A.B. de CV
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 3M Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 AGC Group
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 DuPont de Nemours, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Halocarbon, LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fluorochemicals Market: Key Industry Highlights, 2018 and 2032
2. Global Fluorochemicals Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Fluorochemicals Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Fluorochemicals Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Fluorochemicals Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Fluorochemicals Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Fluorochemicals Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Fluorochemicals Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Fluorochemicals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Fluorochemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Fluorochemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Fluorochemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Fluorochemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Fluorochemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Fluorochemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Fluorochemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Fluorochemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Fluorochemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Fluorochemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Fluorochemicals Market Structure
Key Questions Answered in the Report
In 2023, the global fluorochemicals market attained a value of nearly USD 24.44 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 34.80 billion by 2032.
The major drivers of the market include the rising establishments of central air models in buildings and cars, increase in disposable income, the emergence of advanced technology, lifestyle changes, increase in research and development expenditure, and growth in departmental stores, hypermarkets, and supermarkets.
The rise in demand for refrigerators and cooling systems in the industrial and domestic sectors and the growing use of HVAC systems in the manufacturing and automotive industries are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is categorised into fluorocarbons, fluoropolymers, inorganic chemicals, speciality organics, and gases based on product.
The product finds end-uses in refrigerant, blowing agent, aluminium production, and, surfactants, among others.
The product finds end-uses in electricals and electronics, petrochemicals, and aerospace.
The major players in the industry are Orbia Advance Corporation S.A.B. de CV, 3M Company, AGC Group, DuPont de Nemours, Inc., and Halocarbon, LLC, among others.
Analyst Review
The global fluorochemicals market attained a value of USD 24.44 billion in 2023, driven by the rise in demand for refrigerators and cooling systems in the industrial and domestic sectors. Aided by the emergence of advanced technology and the growing use of HVAC systems in the manufacturing and automotive industries, the market is expected to grow at a CAGR of 4% in 2024-2032. The market is projected to reach USD 34.80 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is categorised into fluorocarbons, fluoropolymers, inorganic chemicals, speciality organics, and gases based on product. The product finds significant applications in refrigerant, blowing agent, aluminium production, and surfactants, among others. The end-use of the product includes electricals and electronics, petrochemicals, and aerospace. The major regional markets for fluorochemicals are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Orbia Advance Corporation S.A.B. de CV, 3M Company, AGC Group, DuPont de Nemours, Inc., and Halocarbon, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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