Fluorochemicals Market Share | Size, Overview, Future Opportunity Outlook 2030
Overview
The global fluorochemicals
market share 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 Share 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 share 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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