Global Organic Fluorochemicals Market Powering To Cross USD 15,000 Million By 2024

24-Oct-2018 | Zion Market Research

The latest research report by Zion Market Research (ZMR) states that the global organic fluorochemicals market is representing an extremely aggressive business atmosphere with the charisma of a number of dominating market players. The important players in the global organic fluorochemicals market are BASF Chemicals, 3M, Air Products & Chemicals Inc., DuPont, Arkema, Solvay SA, Honeywell, and Asahi Glass among others.

This review is based on a report by Zion Market Research titled “Organic Fluorochemicals Market, By Product Type (Aliphatic Compounds [HCFCs] and [HFCs], and Aromatic Compounds [Ring-Substituted], [Side-Chain Substituted], and [Fluorobenzene]), By Application (Automotive, Pharmaceuticals and Agrochemicals, Refrigeration, Steel, Blowing Agents, and Electronic Consumables) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024.”- Reports at https://www.zionmarketresearch.com/report/organic-fluorochemicals-market

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Raising Demand For Blowing Agents, HVAC, And Refrigeration Systems To Boost The Global Organic Fluorochemicals Market

Some of the important factors that are expected to boost the global organic fluorochemicals market are raising demand for blowing agents, HVAC, & refrigeration systems, and applications in healthcare, pharmaceuticals, and automobile sectors. Towering global temperatures along with the growing demand for climate control systems and cold storage systems have propelled the demand for refrigeration systems and HVAC globally.

Global Organic Fluorochemicals Market

In the product type segment of the global organic fluorochemicals market, the sub-segment organic fluorochemicals with aliphatic compounds owns the bigger market share. The organic fluorochemicals with aliphatic compounds demonstrated its dominance in the global organic fluorochemicals market in 2016 with about 90% of market share. Hydrofluorocarbons (HFCs) and Hydrochlorofluorocarbons (HCFCs) are mostly used for the refrigeration applications in numerous industries due to which they have an enhanced demand since refrigeration is needed in refrigerators, HVAC systems, cold storage, and automobile ACs amongst others.

The organic fluorochemicals with aliphatic compounds in the global organic fluorochemicals market are further sub-segmented into hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs). Aromatic compounds in the global organic fluorochemicals market are sub-segmented into side-chain substituted, ring-substituted, and fluorobenzene. In 2016, the side-chain substituted compounds in the global organic fluorochemicals market held above a 70% share of aromatic compounds.

In the application segment from the global organic fluorochemicals market, refrigeration is showing its complete dominance. Organic fluorochemicals are broadly used for cooling and refrigeration purposes in ACs, refrigerators, HVAC systems, and cold storage centers amongst others. HFCs and HCFCs replaced CFCs as leading chemicals for the cooling and refrigeration purposes as CFCs were prohibited due to the danger caused to the ozone layer. In 2016, the pharmaceuticals, automotive, and agrochemicals applications in the global organic fluorochemicals market also contributed a major share.

The Asia Pacific Region To Demonstrate The Rapid Growth In The Global Organic Fluorochemicals Market

The Asia Pacific region in the global organic fluorochemicals market is anticipated to be the rapidly growing region in the upcoming period. Japan, China, ASEAN, India, and South Korea are said to be the most important countries in the Asia Pacific region for the global organic fluorochemicals market. The North America region in the global organic fluorochemicals market is relatively established region. This region in the global organic fluorochemicals market is projected to show a huge growth at in the upcoming period. In July 2018, Gujarat Fluorochemicals issued a corporate guarantee for Inox Wind Infrastructure Services.

The global organic fluorochemicals market is segmented as follows:

By Product

  • Aliphatic Compounds
    • Hydrochlorofluorocarbons (HCFCs)
    • Hydrofluorocarbons (HFCs)
  • Aromatic Compounds
    • Ring-Substituted
    • Side-Chain Substituted
    • Fluorobenzene

By Application

  • Automotive
  • Pharmaceuticals and Agrochemicals
  • Refrigeration
  • Steel
  • Blowing Agents
  • Electronic Consumables

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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