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Date Submitted: 10/21/2014 10:03 PM
Oct 22, 2014 - Mumbai, India :Bharatbook.com announces a new report on "World Fluorochemicals”.The rapid adoption of high performance fluoropolymers in motor vehicles and advanced manufacturing will also contribute to healthy global fluorochemical growth, albeit from a much smaller volume base.
Bharat Book Bureau presents the new report, on "World Fluorochemicals”. Fluoropolymers will see the most rapid gains in volume demand, albeit from a small base, driven by expanding opportunities for high-performance materials in the motor vehicle, chemical processing, electronics, and coatings markets.
World demand to rise nearly 4% annually through 2018
Global demand for fluorochemicals is forecast to accelerate, rising nearly four percent per year through 2018. Robust global growth in aluminum demand, due in part to the increasing use of aluminum in motor vehicles, will lead to strong gains in inorganic and specialty fluorochemical demand. The rapid adoption of high performance fluoropolymers in motor vehicles and advanced manufacturing will also contribute to healthy global fluorochemical growth, albeit from a much smaller volume base. Despite strict, ongoing regulations, fluorocarbon demand will continue to increase at a healthy pace, reflecting strong demand for air conditioning and refrigeration equipment, especially in the developing world. However, faster growth will be limited by the development of fluorocarbon alternatives, and the efforts by a number of developing countries to begin implementing the Montreal Protocol.
Growth in manufacturing to boost demand
Global aluminum production is forecast to grow significantly, due in large part to the increased use of aluminum as an alternative to steel in cars and light trucks. As a result, consumption of aluminum fluoride, a key component in the aluminum smelting process, will increase, boosting demand for inorganic fluorochemicals overall. Additionally, rising production of semiconductors, advanced batteries and...