GrandViewResearch.com has announced the addition of "Global Fluorochemicals Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
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Global Fluorochemicals (Fluorocarbons, Fluoropolymers) Market to Grow at a CAGR of over 10% from 2014 to 2020
1. Global Fluorochemicals (Fluorocarbons,
Fluoropolymers) Market to Grow at a CAGR of
over 10% from 2014 to 2020
GrandViewResearch.com has announced the addition of "Global Fluorochemicals
Market Analysis And Segment Forecasts To 2020" Market Research report to their
Database.
San Francisco, CA, March 26, 2014 -- Global fluorochemicals market is expected to
reach USD 24.99 billion by 2020, according to a new study by Grand View Research Inc.
Positive demand outlook from key application markets such as refrigeration, HVAC,
aluminum, steel and electronic consumables is expected to drive fluorochemical sales
over the next six years. The gradual recovery of automotive industry, especially in Asia
and increasing application scope for PTFE in chemical processing, construction,
electronics, automotive, cookware and medical is also expected to drive fluorochemical
demand over the forecast period.
Fluctuating fluorspar supply has emerged as a challenge for market participants, which
are finding it difficult to curtail costs and maintain profitability. Additionally, a very
stringent and dynamic regulatory scenario, pertaining to the ozone depleting nature of
fluorocarbons has resulted in increased R&D spending to develop environment friendly
products.
The report “Fluorochemical Market Analysis And Segment Forecasts To 2020,” is
available now to Grand View Research customers at
http://www.grandviewresearch.com/industry-analysis/fluorochemical-market
Further Key findings from the study suggest:
• Fluorocarbons dominated the global market, accounting for over 52% of global
fluorochemical volumes in 2013. HCFC, accounting for over 60% of the total
fluorocarbon market, is currently being phased out by HFC and other products, owing to
regulatory pressure.
• Fluoropolymers are the most promising product segment in the global market, with an
estimated CAGR of over 10% from 2014 to 2020. Global fluoropolymer market revenue
2. is expected to reach USD 9.13 billion by 2020, growing at a CAGR of 10.6% from 2014
to 2020.
• Being the largest global market for automotive, electronic consumables and chemical
processing, Asia Pacific dominated fluorochemical demand in 2013, accounting for over
46% of global volumes. Asia Pacific fluorochemicals market revenue is expected to reach
USD 11.68 billion by 2020. North America and Europe, relatively mature markets, are
estimated to grow at a CAGR of 2.8% and 3% from 2014 to 2020, respectively.
• The global market is moderately consolidated and possesses oligopolistic features. Key
market participants include DuPont, Daikin, Solvay SA, Arkema SA, Honeywell,
Dongyue and Asahi Glass
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For the purpose of this study, Grand View Research has segmented the fluorochemicals
market on the basis of product, application and region:
• Fluorochemical Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012
- 2020)
- Fluorocarbons
- HCFC
- HFC and others
- Fluoropolymers
- Inorganics and Specialties
• Fluorochemical Application Outlook (Volume, Kilo tons; Revenue, USD Million,
2012 - 2020)
- Refrigeration
- Aluminum Production
- Blowing Agents
- Components and others
• Fluorochemical Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012
- 2020)
- North America
- Europe
- Asia Pacific
- RoW
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