Global Fluorochemicals Industry 2014 to 2020 – Market Estimate
Submitted by: Submitted by Haakon
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Category: Business and Industry
Date Submitted: 03/25/2014 02:40 AM
The 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
and can also be purchased directly 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 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...
