Transparency Market Research has launched a new market report titled “Fluorochemicals (Fluorocarbons, Fluoropolymers and Inorganics & Specialties) Market by Application (Refrigeration, Aluminum Production, Blowing Agents, Components & Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018“. 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.
Browse the full report at: http://www.transparencymarketresearch.com/fluorochemicals-marke.html
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.
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:
- HFC and others
- Inorganics and Specialties
Fluorochemicals market by application:
- Aluminum Production
- Blowing Agents
- Components and others
Fluorochemicals market by geography:
- Asia Pacific
- Rest of the World
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