According to a new report published by Allied Market Research
titled, "Fluorochemicals
Market by Type, Application, and
End-Use: Global Opportunity Analysis and Industry Forecast, 2019–2026," the
fluorochemicals market accounted for revenue of $21.4 billion in 2018 and is
anticipated to generate $29.8 billion by 2026. The market is projected to
experience growth at a CAGR of 4.2% from 2019 to 2026.
Fluorochemicals are the chemicals compounds consisting fluorine
as the main compound. The fluorochemicals market is driven by factors such as a
rise in demand from countries such as China and Japan, where there is a large
manufacturing base of electronic products. In addition, there is a surge in
demand for refrigeration and air conditioning equipment from developing
economies such as India, China, Brazil, and others, which propels the demand
for fluorochemicals. However, rise in the environment concerns is one of the factors
that hinder the market growth.
The global fluorochemicals market is analyzed on the basis of
type, end use, application, and region. Depending on type, the market is
categorized into fluorocarbons, fluoroelastomers, fluoropolymers, inorganics,
and others. By end use, the fluorochemicals market is classified into
electrical & electronics, petrochemicals, chemicals, aerospace, and others.
Various applications of fluorochemicals studied in the market are surfactants,
propellants, aluminum production, refrigerant, automobile, agrochemicals, and
others. On the basis of region, the market is analyzed across North America,
Europe, Asia-Pacific, and LAMEA. Fluorochemicals market share is analyzed
across the four main regions.
By type, the fluorocarbons segment dominated the global
fluorochemicals market, in 2018. The refrigeration and air-conditioning market
are shifting toward the utilization of fluorocarbons (HFC) products,
specifically those with low global warming potentials such as fluorocarbon
blends.
On the basis of end use, the electrical & electronics
segment is the fastest growing sector. It is highly adopted owing to its
favorable characteristics such as high temperature resistance, superior
flexibility, resistance to electrical arc, UV protection, and enhanced
resistance against water & chemical.
Download PDF
Report Sample @ https://www.alliedmarketresearch.com/request-sample/5850
By application, the refrigerant segment has garnered dominant
share in the fluorochemicals market. This is owing to rise in demand for
refrigeration equipment in developing regions such as Asia-Pacific and LAMEA.
This is attributed to increase in disposable income in aforementioned
regions.
By region, Asia-Pacific has gained a dominant market share in
the market. This is attributed to the presence of large consumer
base—electronics manufacturing in countries such as China, Japan, and South
Korea.
The key player operating and profiled in the fluorochemicals
market includes Arkema S.A., Daikin Industries, Ltd., DuPont, Dongyue Group
Co., Ltd., Halocarbon Products Corporation., Honeywell International, Inc.,
Kureha Corporation, Pelchem SOC Ltd., Solvay SA, and The 3M Company.
Other
players in the value chain of the market include Precision Polymer Engineering,
James Walker & Co, Polycomp Bv, TRP Polymer Solutions Limited, Mexichem
Fluor S.A. de C.V., Solexis, and others.
Make an Enquiry before
Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/5850
Key Findings of the Study:
- The fluorochemicals market is
analyzed from 2018 to 2026
- The Europe is projected to grow
at the highest CAGR of nearly 5.4%, in terms during the forecast period
- The fluorochemicals market
analysis covers in-depth information of the major industry participants
- Based on the end-use, the
chemicals segment is anticipated to garner highest market share of 31.8%
during the forecast period
- Asia-Pacific dominated the market
with a share of over 45.0% in 2018
- A comprehensive analysis of the
factors that drive and restrain the market growth is provided
- The qualitative data in this
report aims at the market dynamics, trends, and developments in the
fluorochemicals industry
- The fluorochemicals market size
in provided in terms of revenue
About Us:
Allied Market Research (AMR) is a full-service market research and
business-consulting wing of Allied Analytics LLP based in Portland,
Oregon. Allied Market Research provides global enterprises as well as medium
and small businesses with unmatched quality of “Market Research Reports” and
“Business Intelligence Solutions”. AMR has a targeted view to provide business
insights and consulting to assist its clients to make strategic business
decisions and achieve sustainable growth in their respective market domain.
We
are in professional corporate relations with various companies and this helps
us in digging out market data that helps us generate accurate research data
tables and confirms utmost accuracy in our market forecasting. Each and every
data presented in the reports published by us is extracted through primary
interviews with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and offline
research and discussion with knowledgeable professionals and analysts in the
industry.
Contact:
David
Correa
5933
NE Win Sivers Drive
#205,
Portland, OR 97220
United
States
USA/Canada
(Toll Free):
+1-800-792-5285,
+1-503-894-6022, +1-503-446-1141
UK:
+44-845-528-1300
Hong
Kong: +852-301-84916
India
(Pune): +91-20-66346060
Fax:
+1(855)550-5975
help@alliedmarketresearch.com
Web:
https://www.alliedmarketresearch.com
Market
Pulse: https://blog.alliedmarketresearch.com/2
No comments:
Post a Comment