Fluorochemicals Market Size, Share, Growth, Forecast, 2024-2031 |...

Fluorochemicals Market Size, Share, Growth, Forecast, 2024-2031

Posté 2024-07-31 10:33:10

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Fluorochemicals Market outlook

The Fluorochemicals industry is projected to grow from USD 29.1 Billion in 2024 to USD 45.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2024 - 2032).

Fluorochemicals are compounds that contain fluorine and other elements. Derived from the chemical element fluorine, which is found in the Earth's crust, the demand for fluorochemicals is expected to grow as the global population increases. Additionally, fluorochemicals are used in flat-panel displays for devices such as tablets, smartphones, and televisions.

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Fluorochemicals Market Trends

The rising demand from both industrial and domestic sectors has significantly increased the market share of fluorochemicals. This growth is driven by the need for refrigerators and cooling systems in residential and commercial areas, influenced by lifestyle changes and the expanding requirement for refrigeration to store convenience food products. Additionally, the growing use of HVAC systems in the manufacturing and automotive industries is expected to boost fluorochemical demand.

Over the forecast period, the demand for fluorochemicals will be further propelled by applications in the automotive, electronics, and construction sectors, thanks to their high resistance to organic solvents, bases, and acids. Furthermore, the non-flammable properties of fluorochemicals make them valuable in the pharmaceutical industry, particularly as anesthetics in dental care.

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Fluorochemicals Market Segmentations

By Type :Fluorocarbons, Fluoropolymers, Fluoroelastomers, Aluminum Flouride, Inorganic & Specialities, Others

By Application :Refrigerants and Chillers, Aluminium Production, Blowing Agents, Medical Applications, Electrical and Electronics, Others

Key Players are:

3M
DuPont
Solvay SA
Arkema
Asahi Glass Corporation
Daikin Industries
Honeywell International Inc.
Dongyue Group
Gujarat Fluorochemicals Limited
The Chemours Company
Among others

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