Global Fluorochemicals industry was valued at USD 15.3
billion in 2011 and is expected to generate revenue of USD 21.5
billion by 2019, growing at a CAGR of 5% from 2013 to 2019.
Increasing demand for aluminum, refrigerants, automobiles, and emerging
economies of the Asia Pacific region are expected to drive the demand
for fluorochemicals over the next five years.
On the basis of applications, the key segments analyzed in the study
included refrigeration, aluminum production, blowing agents, components &
others. Refrigerants market constituted 43% of total fluorochemical volume
consumption in 2011. However, it is expected to experience slight decline in
its market share due to regulatory constraints. The components and others
segment is expected to exhibit fastest growth among all segments of
fluorochemicals. Refrigerants and components and others market together
accounted for the largest share of the fluorochemicals industry in 2011 and are
expected to occupy 81% of the overall demand by 2019. The demand for aluminum
production and blowing agents is expected to be driven by the growth from
automobiles, construction, and polymer industries.
Fluorocarbons led the overall fluorochemicals market and accounted for a
market share of 54% in 2011 owing to their extensive use in pharmaceuticals,
industrial coatings, refrigerants, blowing agents, etc. HFC and others are
amongst the fastest growing segments of fluorocarbons. HFC is extensively used
in refrigerants, blowing agents, etc. The others include fluorocarbons such as
perfluorooctanesulfonic acid (PFOS), perfluorooctanoic acid (PFOA),
methoxyflurane, enflurane, polyvinylidene fluoride, etc.
Asia Pacific dominated the global fluorochemical market with a share
of 46% in 2011 and is expected to keep continue this domination through 2019 on
the back of increasing global export and domestic
consumption. China has the third largest fluorspar reserves in the
world and was also the largest regional market for fluorochemicals.
DuPont, Daikin, Asahi Glass , Solvay, Arkema, Dongyue,
Honeywell, Pelchem, Air Products and Chemicals and Mexichem are amongst the
major producers of fluorochemicals.
Fluorochemicals market by product type:
- Fluorocarbons
- HCFC
- HFC
and others
- Fluoropolymers
- Inorganics
and Specialties
Fluorochemicals market by application:
- Refrigeration
- Aluminum
Production
- Blowing
Agents
- Components
and others
Fluorochemicals market by geography:
- North
America
- U.S.
- Europe
- Asia
Pacific
- Rest
of the World
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Email:sales@transparencymarketresearch.com
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