Global Fluorochemicals Market by Product (Fluorocarbons, HCFC, HFC, Fluoropolymers and Inorganics) Expected to Reach USD 24.99 Billion by 2020: Grand View Research, Inc

Share Article

Market Size - $17.44 bn in 2013, Market Growth - CAGR of 5.3%, Market Trends – Increasing substitution of ozone depleting compounds. View Report -

Grand View Research

Growing demand from application markets, especially in Asia, coupled with dynamic regulations to drive product development.

The global fluorochemicals market is expected to reach USD 24.99 billion by 2020, according to a new study by Grand View Research Inc. Positive demand outlook from key application markets such as refrigeration, HVAC, aluminum, steel and electronic consumables is expected to drive fluorochemical sales over the next six years. The gradual recovery of automotive industry, especially in Asia and increasing application scope for PTFE in chemical processing, construction, electronics, automotive, cookware and medical is also expected to drive fluorochemical demand over the forecast period.

The report “Fluorochemical Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at

Inquiry before buying at

Fluctuating fluorspar supply has emerged as a challenge for market participants, which are finding it difficult to curtail costs and maintain profitability. Additionally, a very stringent and dynamic regulatory scenario, pertaining to the ozone depleting nature of fluorocarbons has resulted in increased R&D spending to develop environment friendly products.

Further Key findings from the study suggest:

  • Fluorocarbons dominated the global market, accounting for over 52% of global fluorochemical volumes in 2013. HCFC, accounting for over 60% of the total fluorocarbon market, is currently being phased out by HFC and other products, owing to regulatory pressure.
  • Fluoropolymers are the most promising product segment in the global market, with an estimated CAGR of over 10% from 2014 to 2020. Global fluoropolymer market revenue is expected to reach USD 9.13 billion by 2020, growing at a CAGR of 10.6% from 2014 to 2020.
  • Being the largest global market for automotive, electronic consumables and chemical processing, Asia Pacific dominated fluorochemical demand in 2013, accounting for over 46% of global volumes. Asia Pacific fluorochemicals market revenue is expected to reach USD 11.68 billion by 2020. North America and Europe, relatively mature markets, are estimated to grow at a CAGR of 2.8% and 3% from 2014 to 2020, respectively.
  • The global market is moderately consolidated and possesses oligopolistic features. Key market participants include DuPont, Daikin, Solvay SA, Arkema SA, Honeywell, Dongyue and Asahi Glass

Direct link for sample request of this report -

For the purpose of this study, Grand View Research has segmented the fluorochemicals market on the basis of product, application and region:

  • Fluorochemical Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

        • Fluorocarbons
                • HCFC
                • HFC and others
        • Fluoropolymers
        • Inorganics and Specialties

  • Fluorochemical Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

        • Refrigeration
        • Aluminum Production
        • Blowing Agents
        • Components and others

  • Fluorochemical Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

        • North America
        • Europe
        • Asia Pacific
        • RoW

Browse all Specialty & Fine Chemicals Market Research Reports at

Related Market Research Reports Published by Grand View Research:

Enzymes Market Analysis And Segment Forecasts To 2020 ( Global enzymes market is expected to reach USD 7,652 million by 2020, growing at a CAGR of 8.3% from 2014 to 2020. Growing global food demand is expected to remain a key driver for enzymes market over the next six years. In addition, technological advancement in the field of enzymes engineering is expected to serve as a great opportunity for market participants. Novel applications of enzymes, especially in synthetic biology are expected to drive the market over the next six years.

Bio Succinic Acid Market Analysis And Segment Forecasts To 2020 ( The global market for bio-succinic acid is expected to reach USD 992.9 million by 2020, growing at a CAGR of 23.3% from 2014 to 2020. The recognition of succinic acid, as a potential platform chemical by the U.S. Department of Energy, has resulted in significant opportunities in replacement applications, particularly in maleic anhydride and adipic acid, for bulk volume industrial applications such as bioplastics, polyurethanes and engineering plastics. BDO was the largest application market for bio-succinic acid, with estimated volume of 19,877.5 tons in 2013, expected to grow at an estimated CAGR of 38.3% from 2014 to 2020.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sherry James
Visit website