Press Release / Business / Fluorochemicals Market Size, Industry Growth, Trends, Future Share Analysis by 2023 | MRFR

Fluorochemicals Market Size, Industry Growth, Trends, Future Share Analysis by 2023 | MRFR

Fluorochemicals Market Key Players:
Some of the key players profiled in the report include SRF Limited, Gujarat Fluorochemicals Ltd, Alufluor AB, Halocarbon Products Corporation, The Chemours Company, Daikin Industries Ltd, Fluorsid SpA, KUREHA CORPORATION, DowDuPont, Solvay, Arkema SA, and 3M.
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Fluorochemicals Market Segmental Analysis:
Fluorochemicals Market is segmented into application and product. On the basis of the product, the segmentation comprises of fluorocarbons, fluoropolymers, inorganics & specialties. Among these segments, the fluoropolymers segment holds a bulk of the market share due to the incredible features of the product such as heat stability, durable nature, and strength. The fluorocarbons segment is projected to observe moderate development in the market due to the hazardous impact generated by the product.
The market by application includes aluminum, electrical & electronics blowing agents, automobile, refrigeration, and others. The refrigeration segment accounts for a major share of the market due to the growing installation of HVACs systems. Additionally, the aluminum segment is set to develop at a higher rate in the market owing to rising demand for lightweight materials in making electric poles and bridges. Therefore, the rising intake of sodium fluoride as an additive in tooth paste is expected to drive the market in the assessment period.
Fluorochemicals Market Regional Analysis:
Fluorochemicals market is segmented into regions such as Latin America, Asia Pacific, North America, Europe, and the Middle East & Africa. Among these regions, the North American region holds the main share of the market owing to the rising consumption of fluoride materials in blowing agents, aluminum, refrigeration, and others. The refrigeration division holds the major portion of the market is owing to rising consumption of cooling agents in the industry. Thus, this segment is anticipated to observe a rapid growth in the market during the forecast period. Therefore, nations such as the Canada, U.S., and Mexico are the main players in the market. The European market has perceived remarkable growth owing to increasing investments in health care and dental care sectors. It is likely that the growing technological and innovation improvements are forecasted to push the growth in the countries such as Germany, Italy, U.K., and France during the forecast period.
Furthermore, the Middle East & Africa region is projected to witness a higher growth in the market owing to intensifying demand for fluoride chemicals in aluminum, and automotive industries. The Latin American region is projected to observe development in the market owing to growing consumption of fluorochemicals in electrical & electronics, refrigeration, and automobile industry.
Aluminium, Automobile, Electrical & Electronics Blowing Agents, and Others.
Fluorochemicals Market Overview:
Fluorochemicals Market is expected to grow at a CAGR of 6.10% during the forecast period from 2018 to 2023. Observed to have valued USD 25,900 Million in 2017, the market is expected to generate a revenue of USD 36,755.7 Million by the end of 2023.
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