North America and Europe Account for over 65% of 2.5 Million Metric Tons Global Fluorochemicals Market, According to New Report by Global Industry Analysts, Inc.

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Excellent stability, and chemical and heat resistant features of fluorochemicals are the driving factors behind their increased demand in chemical processing, automotive, aerospace, semiconductor, performance coatings and electrical industries. United States represents the largest fluorochemicals market in the world.

Fluorochemicals: A Global Strategic Business Report

Heavy demand for refrigeration products supported by increase in disposable incomes in developing regions is driving revenue growth of fluorochemicals. World fluorochemicals market is expected to register a moderate compounded annual growth rate of about 2.7%, as stated in a recent report published by Global Industry Analysts, Inc. North America and Europe dominate the global fluorochemicals market, capturing over 65% of volume sales. In terms of growth rate, Asia-Pacific takes the leading position with a growth rate of 5.9%, compounded annually. Inorganic fluorochemicals market represents the leading product category, accounting for about 49.6% share. In fluoropolymers market, the US market is projected to cross 93 thousand metric tons in 2010. However, the pace of growth in Western Europe is expected to be slow, which is primarily attributed to stringent environmental regulations and a shift towards non-fluorochemical alternatives. Environmental concerns are a major challenge faced by the industry. Rising concerns related to ozone depletion caused by use of CFCs and HCFCs has fuelled the demand for their phase out, resulting in diminishing demand for fluorocarbons.

Major players in the marketplace include Air Products and Chemicals Inc., Asahi Glass Company Ltd., Arkema SA, Daikin Ltd., DuPont de Nemours & Co., Honeywell International, Mitsui Chemicals, Inc., and Solvay SA.

"Fluorochemicals: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, Italy, the UK, Asia-Pacific and rest of world. Analytics from 1991 through 2015 are provided in terms of product segments including organic fluorochemicals, inorganic fluorochemicals and fluoropolymers.

For more details about this research report, please visit http://www.strategyr.com/Fluorochemicals_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@strategyr.com
Web Site http://www.StrategyR.com/

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