(MENAFN- America News Hour) TheFluorochemicals Market is set to grow from its current market value of more
than $35 billion to over $70 billion by 2024; as reported in the latest study
by Global Market Insights, Inc.
Growth
in development of efficient storage which requires commercial cooling systems
for packaged and frozen food will drive fluorochemicals market size in
refrigerants application. Rising installations of HVAC and air-conditioning
systems in automotive and household applications should promote product demand.
Increase in vehicle production with technical advancements may act as another
driving factor towards industry growth.
Increasing
applications of blowing agent in foamed plastics manufacturing which are
further used in variety of applications including weight reduction,
convenience, comfort, cushioning and energy dissipation in automotive and
electronics industry will have positive influence on fluorochemicals market
growth. Key players are engaged in formulating low global warming potential
(GWP) blowing agent for polyurethane foams which may stimulate product demand.
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Growing
application scope in healthcare industry as active ingredient for
pharmaceutical formulations may act as a major contributing factor towards
product demand. In addition, fluoropolymers find application in medical devices
owing to its performance characters including lubricity, biocompatibility, low
binding and chemical inertness should favor product demand, thus promoting
fluorochemicals market growth.
France
fluorochemicals Market may exceed to USD 2.5 billion at the end of forecast
timeframe. Presence of key industry players formulating innovative product
range with energy efficiency and environmental benefits along with compliance
with stringent government policies phasing out fluorocarbons will positively
favor regional industry growth.
High
prices of fluorocarbons owing to supply reduction as a result of strict
regulatory norms imposing ban on these compounds will affect industry
profitability, thus affecting fluorochemicals market price trends. Moreover,
current strict regulatory amendments have resulted in added compliance cost
which may act as another restricting factor.
China
refrigerants application Market may register gains over 6% by 2024. High
investments in residential and public infrastructural projects has led to
rising installations of AC's and internal cooling systems which is likely to
surge fluorochemicals market growth. Moreover, China is the largest producer of
fluorspar which is a key raw material for fluorocarbons commercial production
which may have positive impact on regional industry growth.
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Fluorochemicals
Market from components application is anticipated to surpass USD 25 billion by
2024. Fluorine polymers are used in blend with the other polymers imparts high
surface energy, thus providing water repellency and additional lubricity to the
parts and components made from the blends. Additionally, these compounds have
application in electronic industry for semiconductor, screen display and
monitors manufacturing, thus stimulating product demand.
India
fluorochemicals market size may exceed to USD 3 billion by 2024. Growth in
automotive and electronics industry owing to rapid industrialization and
upgrading consumer lifestyle will surge regional product demand. Moreover,
supporting FDI policies has led to rise in automotive and aluminum production
which will bolster regional product demand.
Global
fluorochemical market share is consolidated and competitive. Key industry
participants are Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass,
Halocarbon products and Arkema. Industry is characterized by product
innovations to develop alternatives reducing environmental effects which will
stimulate product demand.
Browse
key industry insights spread across 225 pages with 251 market data tables &
24 figures & charts from the report, 'Fluorochemicals Market' in detail
along with the table of contents:
https://www.gminsights.com/industry-analysis/fluorochemicals-market
Glimpse of Table of Content (ToC)
Chapter 5 Fluorochemicals Market,
By Application
5.1 Key application trends
5.2 Refrigerants
5.2.1 Refrigerants market estimates,
(Kilo Tons) (USD Million), 2013-2024
5.2.2 Refrigerants market estimates,
by region, (Kilo Tons) (USD Million), 2013 - 2024
5.3 Aluminium production
5.3.1 Aluminium production market
estimates, (Kilo Tons) (USD Million), 2013-2024
5.3.2 Aluminium production market
estimates, by region, (Kilo Tons) (USD Million), 2013 - 2024
5.4 Blowing agent
5.4.1 Blowing agent market estimates,
(Kilo Tons) (USD Million), 2013-2024
5.4.2 Blowing agent market estimates,
by region, (Kilo Tons) (USD Million), 2013 - 2024
5.5 Components & others
5.5.1 Components & others market
estimates, (Kilo Tons) (USD Million), 2013-2024
5.5.2 Components & others market
estimates, by region, (Kilo Tons) (USD Million), 2013 - 2024
Browse
Full TOC @https://www.gminsights.com/toc/detail/fluorochemicals-market
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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