Fluorochemicals: A Global Strategic Business Report
San Jose, California (PRWEB) November 06, 2013
Follow us on LinkedIn – Fluorochemicals are fluorinated compounds primarily used as refrigerants. Hitherto dominated by fluorocarbons, the flurochemicals industry is experiencing a transition phase with emerging applications and product innovations dictating future directions and trends. Growing awareness over the environmental hazards caused by hydrofluorocarbons and the increasing restrictions on its use and manufacture is driving demand for ozone-friendly compounds. Mounting international pressure is expected to result in demand migrating to refrigerant alternatives such as hydrofluoroolefins (HFOs) in the near future.
Despite the numerous challenges, the fluorocarbon market is expected to register demand as feedstock in the manufacture of fluoropolymers. Supported by advancements in technology, applications of fluorochemicals now extend to synthesis in pharmaceutical manufacturing, industrial filtration, and chemical processing, among others. The drive towards development of alternative refrigerants to HFCs, in compliance with environmental regulations, is expected to benefit demand especially in developed countries. The market is expected to gain from the increase in production of automobiles and HVAC equipment in both developed and developing economies. Growth in the passenger car industry is expected to drive demand for fluorine based refrigerants for use in vehicle air conditioning systems. In addition, growth is also expected to stem from the rise in demand for fluoropolymers from electronics, automobile, and construction markets. With growing evidence of fluoropolymers’ application in fuel cells, demand for high-value fluorochemicals is expected to surge in the coming years.
As stated by the new market research report on Fluorochemicals, Asia-Pacific dominates the global market. Registering a CAGR of 5.9% over the analysis period, the region also constitutes the fastest growing market. Growing population, improving infrastructure, and strong demand for air-conditioning equipment, and automobiles are factors promoting growth of fluorochemicals in the region. China represents the largest producer of fluorochemicals with robust demand from domestic end-use industries fuelling capacity expansion trends. Sustained production is made feasible by the availability of fluorspar, a key raw material used in the production of fluorochemicals. China holds the world’s third largest Fluorspar reserve.
Key players in the market include 3M Company, Arkema SA, Asahi Glass Company, Daikin Industries Ltd., DuPont de Nemours & Co., Dongyue Group Ltd., Halocarbon Products, Honeywell International, Mexichem Fluor S.A. de C.V, Mitsui Chemicals, Inc., Pelchem and Solvay SA among others.
The research report titled "Fluorochemicals: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Fluorochemicals consumption in Metric Tons for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America, and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Fluorochemicals_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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