The report observes
that the global fluorochemicals industry was valued at USD 15.3
billion in 2011 and is expected to generate revenue of USD 21.5
billion by 2018, growing at a CAGR of 5% from 2012 to 2018.
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Increasing demand
for aluminum, refrigerants, automobiles, and emerging economies of
the Asia Pacific region are expected to drive the demand for
fluorochemicals over the next five years.
On the basis of
applications, the key segments analyzed in the study included
refrigeration, aluminum production, blowing agents, components &
others. Refrigerants market constituted 43% of total fluorochemical
volume consumption in 2011. However, it is expected to experience
slight decline in its market share due to regulatory constraints. The
components and others segment is expected to exhibit fastest growth
among all segments of fluorochemicals. Refrigerants and components
and others market together accounted for the largest share of the
fluorochemicals industry in 2011 and are expected to occupy 81% of
the overall demand by 2018. The demand for aluminum production and
blowing agents is expected to be driven by the growth from
automobiles, construction, and polymer industries.
Fluorocarbons led
the overall fluorochemicals market and accounted for a market share
of 54% in 2011 owing to their extensive use in pharmaceuticals,
industrial coatings, refrigerants, blowing agents, etc. HFC and
others are amongst the fastest growing segments of fluorocarbons. HFC
is extensively used in refrigerants, blowing agents, etc. The others
include fluorocarbons such as perfluorooctanesulfonic acid (PFOS),
perfluorooctanoic acid (PFOA), methoxyflurane, enflurane,
polyvinylidene fluoride, etc.
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Asia Pacific
dominated the global fluorochemical market with a share of 46% in
2011 and is expected to keep continue this domination through 2018 on
the back of increasing global export and domestic consumption. China
has the third largest fluorspar reserves in the world and was also
the largest regional market for fluorochemicals.
DuPont, Daikin,
Asahi Glass, Solvay, Arkema, Dongyue, Honeywell, Pelchem, Air
Products and Chemicals and Mexichem are amongst the major producers
of fluorochemicals.
Fluorochemicals
market by product type:
Fluorocarbons
HCFC
HFC and
others
Fluoropolymers
Inorganics and
Specialties
Fluorochemicals
market by application:
Refrigeration
Aluminum
Production
Blowing Agents
Components and
others
Fluorochemicals
market by geography:
North America
U.S.
Europe
Asia Pacific
Rest of the
World
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Chemical Industry Research Reports @
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