Fluorochemicals Market, Observational Studies, Size, Share, Future Opportunity Outlook 2030
Overview
The global fluorochemicals market is anticipated to grow at
6.10% CAGR during the forecast period 2018 to 2023. Escalating demand in the
commercial refrigeration sector and the rising demand for hydrofluoride will be
the key factors determining growth potential of the fluorochemicals market,
suggest analysts. The market report suggests that surging preference of ammonia
as well as stringent regulations will affect the market growth. During the
forecast period 2018 to 2023 the market for fluorochemicals will reach
US$36,755.7 million by 2023 The growth in the market to remain positive across
all the type, applications, and industries segments, however, segments like
electrical and electronic have experienced increased growth during the forecast
period 2018 to 2023.
Companies increasingly adhering to environmental norms and need
for reduced carbon emission are said to be the key fluorochemicals market
growth factors. Although, during the forecast period 2018 to 2023, the factors
like alternative products and Kyoto and Montreal protocols could hamper the
market growth. The global market report also covers type, applications, and
industries segments and in-depth analysis of Europe, Asia-Pacific, North
America, and the Middle East and Africa regions.
Market Segmentation
The global market is segmented based on type, applications, and
industries. The market is further segmented based on type into fluoropolymers,
inorganics, specialties, and fluorocarbons. The market is also segmented into
aluminum, automobile, blowing agents, films, refrigeration, tubings and others
on the basis of applications. Furthermore, the fluorochemicals market is
categorized based on industries into chemical processing, construction,
consumer goods, electrical and electronics, industrial equipment,
pharmaceuticals, automotive and transportation, and others.
Imposition of regulations restricting the use may hinder the
fluorochemicals market growth. The market research report suggests that
companies in the fluorochemicals market could be supported by commercial
refrigeration and automobile industries during the forecast period. The market
is set to register growth at a high CAGR owing to these key factors. The type,
applications, and industries segments along with regional markets have been
analyzed in the global market research report. The research analysts studying
the market have put out market forecasts in the fluorochemicals market research
report in order to support fluorochemicals market-based companies. The research
report provides an extensive understanding of the fluorochemicals market based
on the information and forecasts till 2023.
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Regional Overview
The Fluorochemicals Market is spread across North
America, Europe, Asia-Pacific, and other parts of the world. The global market
research report reveals that APAC and North America regions will dominate the
global market for fluorochemicals during the forecast period 2018 to 2023. As
per market analysts, the market is set to witness tremendous growth across
electrical and electronic segments in North America which covers
fluorochemicals markets across the United States, Canada, Mexico and several
other regional markets. Companies active in the fluorochemicals market are also
analyzed and studied in the research report.
Growth factors such as increasing disposable income as well as
the striking growth in industrialization are set to drive the market growth
across the European regional market for fluorochemicals. This region covers
smaller market segments of Germany, Italy, France, and the United Kingdom.
Additionally, the research report covers the Asia-Pacific region covering
fluorochemicals markets from India, China, Japan, Australia, and others. The
report is also spread across the rest of the world. The fluorochemicals market
report covers all such regions including the Middle East, Africa, Brazil, and
others.
Competitive Landscape
The demand for fluoropolymers has increased significantly over
the years, due to escalating aluminum production and rising focus on renewable
energy. Companies functioning in the global fluorochemicals market are also
being challenged due to regulations leading to reduced carbon emissions known
as F-gases and chemicals with high global warming potential. Mergers and
acquisitions by fluorochemicals market companies are anticipated to help the market
during the forecast period 2018 to 2023. As the market is set to register a
high CAGR of 6.10% and is also anticipated to reach a US$36,755.7 by 2023, the
report highlights key areas companies need to focus on. Based on SWOT analysis
and fluorochemicals market’s analysis based on Porters’ Five Force Model
presented in the market report.
The rising focus on renewable energy, as per the fluorochemicals
market research report will support the growth. The global market might face
slow growth due to slow demand for fluoropolymers. The report suggests that the
fluorochemicals market will see a healthy growth in the long run till 2023. The
fluorochemicals market research report offers detailed analysis of major
organizations across the fluorochemicals market. The global market research
report offers analysis based on data collected from the fluorochemicals
market’s decision makers as well as primary and secondary sources. The market
research report presents analysis based information for companies functioning
in the fluorochemicals market.
Industry News
Piramal Enterprises Limited concluded the takeover of
Convergence Chemicals Private Limited for a total registered capital of Rs65.10
crore. During trading, the stock price was up. Each company’s shares were
trading at Rs1903.50 on the BSE, up Rs44.70 or 2.40 percent from its earlier
estimate of Rs1,858.80. It already has surpassed the previous day’s maximum of
Rs1910 per piece.
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