Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
Category: #business  By Partha Ray  Date: 2020-07-10
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Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024

According to the research report titled ‘Global Fluorochemical Market (Value, Volume): World Market Review By Product Type, By Application, By End User Industry (2019 Edition): Opportunities and Forecast (2019-2024) - By Country, available with Market Study Report LLC, global fluorochemical market was worth USD 24,603.52 million with global production volume of 4,210 thousand tons in 2018 and is expected to record considerable growth through 2024.

Fluorochemical market has been growing consistently due to the property of fluorochemicals such as chemical resistance and thermal efficiency.

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Fluorochemicals are used in cooling mechanism of refrigerators and air conditioners. The increasing population, along with climatic changes has led to enhanced demand for refrigerators and air conditioners, thereby positively impacting global fluorochemical market. Furthermore, infrastructural expansion has increased residential and commercial construction ensuing high demand for HVAC systems in households, malls, stores, warehouses, and others.

Increasing demand for refrigerants, infrastructural expansion, expansion of pharmaceutical sector and expansion of agriculture sector are driving the growth of global fluorochemical market.

Based on product type, global fluorochemical market is divided into inorganic & specialties and fluoro carbon. Based on application spectrum, the market is bifurcated into fluorine gas, catalysts, steel picking, fluoro polymer, aluminum fluoride, and refrigerant. Speaking of end user scope, the market is categorized into chemical, health, automobile, textile, and electronics.

From a regional point of view, global fluorochemical market is fragmented into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific holds a significant market share in global fluorochemical market and is slated to depict a similar trend over the study period.

Major players in global fluorochemical market are Naveen Fluorine, SRF, Mitsui Chemicals, Arkema, Pelchem, and Daikin among others.

Question and Answer: Global Fluorochemical Market

Q1) What are the factors driving the growth of global fluorochemical market?

Answer: Expansion of infrastructure, increasing demand for refrigerants, expansion of pharmaceutical sector and expansion of agriculture sector are driving the growth of global fluorochemical market.

Q2) Why are fluorochemicals gaining popularity in APAC?

Answer: Asia Pacific holds a significant market share in global fluorochemical market and is slated to depict a similar trend over the study period. Fluorochemical possess properties such as chemical resistance and thermal efficiency due to which it is widely used as cooling mechanisms in refrigerants and air conditioners.

Q3) Which are the major players in global fluorochemical market?

Answer: Major players in global fluorochemical market are Naveen Fluorine, SRF, Mitsui Chemicals, Arkema, Pelchem, and Daikin among others.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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