Fluorochemicals Market Size, Share, Industry Trends and Report 2023-2028
IMARC Group, a leading market research company, has recently releases report titled "Purified Terephthalic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global fluorochemical market report, trends, growth, size and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is the Fluorochemicals Market?
The global fluorochemicals market size reached US$ 23.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What are Fluorochemicals?
Fluorochemicals are a class of chemicals containing fluorine atoms. They are found in a range of products, which include non-stick cookware, water-repellent clothing, air conditioning systems, and fire-fighting foams. They are known for their unique properties, such as high thermal stability, chemical resistance, and low surface tension. They are often used to impart specific qualities like stain resistance or durability to materials. They are also utilized as catalysts and reagents in various chemical synthesis processes.
What are the Growth Prospects and Trends in the Fluorochemicals Industry?
The increasing use of fluorochemicals like hydrofluorocarbons (HFCs) as refrigerants in air conditioning and refrigeration systems represents one of the primary factors bolstering the market growth around the world. Moreover, the rising adoption of fluorochemicals in the synthesis of various pharmaceutical products due to their unique reactivity, which aids in the development of medications, is favoring the growth of the market. In addition, the growing utilization of fluorochemicals in the automotive industry to manufacture various components like gaskets, seals, and hoses due to their unique properties, such as heat resistance, chemical stability, and durability, is influencing the market positively. Apart from this, the increasing adoption of fluorochemical based products in the construction sector as additives in cement and concrete to improve their resistance to environmental degradation is propelling the growth of the market.
What is included in market segmentation?
The report provides detailed segmentation of the global fluorochemicals market based on based on type, application and end use and region.
Breakup by Type:
- Fluorocarbons
- Fluoroelastomers
- Fluoropolymers
- Inorganics
- Others
- Surfactants
- Propellants
- Aluminum Production
- Refrigerant
- Automobile
- Agrochemicals
- Others
- Electrical and Electronics
- Petrochemicals
- Chemicals
- Aerospace
- Others
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023–2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape