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 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:
- 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:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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) |