Fluorochemicals Market by Product Type, Distribution Channel, End User 2022-2027

Author: Elena Anderson

Marketing Manager

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Global Fluorochemicals Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Fluorochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 22-2027

," the global fluorochemicals market reached a value of US$ 21.86 Billion in 2021.

Fluorochemicals are synthetically produced, fluorine-containing chemical compounds with water and oil-repellent properties. Fluorocarbons, fluoropolymers, gases, inorganic chemicals, and specialty organics are some commonly used fluorochemicals. They are extensively utilized as refrigerants, propellants, solvents, and additives in lubricants, coatings, and papermaking.

Fluorochemicals are also used to produce aluminum, foam, surfactant, insulation boards, and sandwich panels. They exhibit several properties, such as flame retardancy, low weatherability, high lubricity, and resistance to heat, chemicals, and ultraviolet (UV) rays. Fluorochemicals are also electrically stable and less susceptible to high frequencies due to the low dielectric constant.

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Global Fluorochemicals Market Trends:

The increasing product demand from the commercial refrigeration industry is one of the key factors driving the market growth. Fluorochemicals are widely used to manufacture refrigerants, such as chlorofluorocarbons (CFCs), hydrofluorocarbons (HFCs), and hydrochlorofluorocarbons (HCFCs) for applications in refrigeration equipment, heat, ventilation, and air-conditioning (HVAC), and defrost systems. Furthermore, the widespread product utilization in the automotive industry to manufacture automobile sensors and components for internal combustion engines (ICE), such as turbocharger hose, crankshaft seal, and intake manifold gasket, is acting as another growth-inducing factor. Additionally, the increasing adoption of fluoropolymer to produce membranes for hydrogen fuel cells due to its high stability, durability, and heat resistance is providing an impetus to the market growth.

Moreover, the rising product demand in the construction industry to provide anti-corrosion and UV resistance properties to architectural membranes and coatings, caulks, and wire and cable is creating a positive outlook for the market. Other factors, including the increasing employment of fluorochemicals in the healthcare industry for medical implants, extensive research and development (R&D) activities, widespread adoption in renewable energy applications, and increasing product incorporation in printed circuit boards, touch panels, and foldable displays, are anticipated to drive the market toward growth.

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Looking forward, IMARC Group expects the market to reach US$ 29.61 Billion by 2027, exhibiting at a CAGR of 5.06% during 2022-2027.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/fluorochemicals-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Fluorocarbons

• Fluoroelastomers

• Fluoropolymers

• Inorganics

• Others

Breakup by Application:

• Surfactants

• Propellants

• Aluminum Production

• Refrigerant

• Automobile

• Agrochemicals

• Others

Breakup by End Use:

• Electrical and Electronics

• Petrochemicals

• Chemicals

• Aerospace

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• 3M Company

• AGC Inc

• Arkema S.A

• Daikin Industries Ltd

• DIC Corporation

• Dynax Corporation

• Gujarat Fluorochemicals Limited

• Halocarbon Products Corporation

• Honeywell International Inc

• Maflon S.p.a

• Pelchem SOC Ltd (Necsa Soc Ltd)

• Solvay S.A

• SRF Limited

• The Chemours Company

1. How has the global fluorochemicals market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global fluorochemicals market?

3. What are the key regional markets?

4. What is the breakup of the market based on the type?

5. What is the breakup of the market based on the application?

6. What is the breakup of the market based on the end use?

7. What are the various stages in the value chain of the industry?

8. What are the key driving factors and challenges in the industry?

9. What is the structure of the global fluorochemicals market and who are the key players?

10. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/fluorochemicals-market/toc

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