According to the latest market research study released by Technavio, the global fluorochemicals market is expected to grow at a CAGR of close to 5% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the global fluorochemicals market based on product type:
Global fluorochemicals market share by product type 2015
|
Fluorocarbons |
48% |
|
Inorganics |
24% |
|
Fluoropolymer |
20% |
|
Specialty |
8% |
Source: Technavio
Global fluorocarbons market
The global fluorocarbon market was valued at about 1,728.0 kilotons in 2015 and is expected to grow at a CAGR of almost 5% by 2020. The increasing use of these chemicals in various applications like blowing agents, packaging, solvents, refrigerants, and aerosol propellants will propel the growth of this market segment during the forecast period. These chemicals have functionality in refrigerants, lubricants, solvents, propellants, and stain-repellent product due to the strength and stability of the covalent bonds.
“The wide applications and growing demand from the refrigeration, coatings, automobile, and propellant industries will accelerate the growth of this market segment. Fluorocarbons are compounds that are formed when fluorine is covalently bonded to carbon atoms in varying number and different configurations. The increase application of these chemicals in various industries will lead to the growth of this market segment,” says Swapnil T S, a lead analyst at Technavio for research on specialty chemicals.
Global fluoropolymers market
The global fluoropolymers market was valued at around 720 kilotons in 2015 and is expected to grow at a CAGR of over 5% by 2020. The growing application of these polymers in thermostats and thermoplastics will lead to the growth of this market segment over the forecast period. Fluoropolymers are fluorocarbons containing polymers or monomers like perfluoro cycloalkene, vinyl fluoride, propylene, and vinylidene fluoride. These are high-performance material compounds that have applications in industries like coatings of cookware, bakeware, and various types of rugged all-weather apparels. The key end-user industry for this material are aviation, electronics and telecommunication, and defense.
Global inorganics market
The global inorganics market was valued at around 864 kilotons in 2015 and is expected to grow at a CAGR of more than 3% by 2020. Inorganic fluorochemicals include inorganic fluorine gas, metal fluorides, synthetic cryolites like sodium hexafluoroplatinate, aluminum trifluoride, fluorosilicates, and silicofluoride. The extensive use of sodium fluorosilicate in water fluoridation and in the treatment of laundry effluents will help in the growth of this market segment. Magnesium fluoride (MgF2) is also used as an anti-reflection coating for optical equipment and spectacles. The major application of these compounds are in water fluoridation, as flux in metallurgical processes, organofluorine synthesis, and in the electronics industry.
Global specialties market
The global specialties market was valued at about 288 kilotons in 2015 and is expected to grow at a CAGR of more than 2% by 2020. The increased application of these compounds in the agriculture and pharmaceutical industries will fuel the growth of this market segment. Specialty fluorochemicals include fluorosurfactants, fluorinated latex paint additives, fluorinated blowing agents, anti-stain and anti-reflective coating, and fluorochemicals for pharma and crop protection. These compounds are used for the manufacture of photoresists, surfactants, dyes, liquid crystals, plastics, ion-exchange membranes, and custom-based fluorochemicals like Fluoryx, Fluon resins, and elastomers.
The top leading vendors operating in the global fluorochemicals market are:
- 3M
- Asahi Glass
- Chemours
- Honeywell
- Solvay
Other prominent vendors in the market include Arkema, Daikin Industries, Dongyue, Gujarat Fluorochemicals, and Mexichem.
A more detailed analysis is available in the Technavio report titled, ‘Global Fluorochemicals Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Refrigerant Market 2015-2019
- Global Polytetrafluoroethylene (PTFE) Market 2015-2019
- Global Fluoropolymer Market in the Healthcare Industry 2015-2019
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
