Fluorochemicals Market to Reflect Impressive Growth Rate by 2027

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Fluorochemicals Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2025

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Synthetic Diamond Market

• The global fluorochemicals market grossed
  US16.88 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 US26.71 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 segments 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.

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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 markets growth is the
  increasing use of air conditioning, heaters, and
  other sources of ventilation.

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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.

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Some of the key players in the fluorochemicals
market are

• DuPont Inc,
• Daikin
• Solvay SA, Asahi Glass
• Arkema
• Honeywell
• Dongyue
• Pelchem
• Mitsui Chemicals Inc.
• Air Products and Chemicals Inc.

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