Fluorochemicals Market Report by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), End Use (Electrical and Electronics, Petrochemicals, Chemicals, Aerospace, and Others), and Region 2024-2032

Fluorochemicals Market Report by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), End Use (Electrical and Electronics, Petrochemicals, Chemicals, Aerospace, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5818
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Market Overview:

The global fluorochemicals market size reached US$ 24.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 24.3 Billion
Market Forecast in 2032
US$ 35.7 Billion
Market Growth Rate (2024-2032) 4.3%


Fluorochemicals are chemical compounds comprising fluorine and providing effective repellency against both aqueous and oil-based substances. They help remove water, soil, and oil particles from metals, papers, carpets, and fabrics. They also assist in making abrasion, chemical, and fire-resistant polymers that are utilized in non-stick cookware, grease-wicking pizza boxes, airplane hydraulic fluid, and breathable rain jackets. Apart from this, they are used as additives in lubricants for recording media, firearms, conveyor chains, and combustion engines. Presently, they find extensive applications in electronics, petrochemical, agrochemical, construction, personal care, and pharmaceutical industries across the globe.

Fluorochemicals Market

Fluorochemicals Market Trends:

Due to the increasing plasma etching in semiconductors and light bulbs to enhance their chemical and physical properties, there is a rise in the demand for fluorochemicals. This, along with their growing utilization in producing flat display panels and plastics, such as polytetrafluoroethylene (PTFE), represents one of the key factors driving the market. Moreover, there is an increase in the demand for heating, ventilation, and air conditioning (HVAC) technology in the construction industry around the world. This, coupled with the rising construction activities, is propelling the growth of the market. Apart from this, the escalating demand for refrigeration in the food and beverage (F&B) industry for convenient storage of food products is positively influencing the market. Additionally, fluorochemicals are used as anesthetics, antidepressants, antifungals and antibiotics, antacids, cholesterol-lowering agents, and steroids. In line with this, the increasing employment of fluorochemicals in the healthcare industry for medical implants due to their high biocompatibility is offering lucrative growth opportunities to industry investors. Apart from this, the rising application of aluminum in the automotive industry is catalyzing the demand for fluorochemicals worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fluorochemicals market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, application and end use.

Breakup by Type:

Fluorochemicals Market By Type

  • Fluorocarbons
  • Fluoroelastomers
  • Fluoropolymers
  • Inorganics
  • Others
     

Breakup by Application:

  • Surfactants
  • Propellants
  • Aluminum Production
  • Refrigerant
  • Automobile
  • Agrochemicals
  • Others
     

Breakup by End Use:

  • Electrical and Electronics
  • Petrochemicals
  • Chemicals
  • Aerospace
  • Others
     

Breakup by Region:

Fluorochemicals Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, End Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global fluorochemicals market was valued at US$ 24.3 Billion in 2023.

We expect the global fluorochemicals market to exhibit a CAGR of 4.3% during 2024-2032.

The expanding usage of fluorochemicals as antidepressants, antifungals and antibiotics, antacids, cholesterol-lowering agents, anesthetics, steroids, etc., is primarily driving the global fluorochemicals market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for fluorochemicals.

Based on the type, the global fluorochemicals market has been segregated into fluorocarbons, fluoroelastomers, fluoropolymers, inorganics, and others. Among these, fluorocarbons currently hold the largest market share.

Based on the application, the global fluorochemicals market can be bifurcated into surfactants, propellants, aluminum production, refrigerant, automobile, agrochemicals, and others. Currently, refrigerant exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global fluorochemicals market include 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited, and The Chemours Company.

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Fluorochemicals Market Report by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), End Use (Electrical and Electronics, Petrochemicals, Chemicals, Aerospace, and Others), and Region 2024-2032
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