Fluorochemicals Market Mainly Driven by Application Potential In Pharmaceutical Industry Owing Its Non-Flammable Properties
—
Global fluorochemicals market is one of the most opportunistic yet debatable business spheres of recent times. Growth in development of efficient storage which requires commercial cooling systems for packaged and frozen food will drive fluorochemicals market size in refrigerants application. Rising installations of HVAC and air-conditioning systems in automotive and household applications should promote product demand. Increase in vehicle production with technical advancements may act as another driving factor towards industry growth.
Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/153
Increasing applications of blowing agent in foamed plastics manufacturing which are further used in variety of applications including weight reduction, convenience, comfort, cushioning and energy dissipation in automotive and electronics industry will have positive influence on fluorochemicals market growth. Key players are engaged in formulating low global warming potential (GWP) blowing agent for polyurethane foams which may stimulate product demand.
Growth in aluminum production to cater its demand in various end use industries including transportation, electronics, construction and foil & packaging may contribute towards industry growth. Fluorocarbon are used for aluminum production through electrolysis which is a cost effective and energy efficient. Favorable FDI policies are likely to boost aluminum production which may favor fluorochemicals demand.
The growth spectrum of fluorochemicals market can also be credited to a rich product landscape comprising fluoropolymers, fluorocarbons, and inorganics & specialties. Grounding on estimation put forth by Global Market Insights, Inc., that claims fluoropolymers market size to reach USD 9 billion by 2024, it would not be incorrect to state that fluorochemicals market is set to gain tremendous remuneration opportunities from this vertical. Endowed with a barrage of unique features like high base resistance, non-adhesiveness, and superior electric properties, fluoropolymer applications span across semiconductor, aircraft, automotive, and domestic sectors.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/153
India fluorochemicals market size may exceed to USD 3 billion by 2024. Growth in automotive and electronics industry owing to rapid industrialization and upgrading consumer lifestyle will surge regional product demand. Moreover, supporting FDI policies has led to rise in automotive and aluminum production which will bolster regional product demand.
The European region is extensively under scrutiny when it comes to fluorochemicals industry. Merely a few days before, the EPA listed fluorochemicals under hazardous substances taking into account the impact of its toxicity on environmental status. In consequence, major companies are looking forward to bringing forth a spate of alternative refrigerants that may not harm the environment. Despite the strict regulatory scenario however, Europe will register an annual growth rate of more than 3% over 2018-2024, owing to the surging use of fluorochemicals in medical implants and automotive applications.
Key industry participants are Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema. Industry is characterized by product innovations to develop alternatives reducing environmental effects which will stimulate product demand.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/fluorochemicals-market
Table of Contents (ToC) of the report:
Chapter 4 Fluorochemicals Market, By Product
4.1 Key product trends
4.2 Fluorocarbon
4.2.1 Fluorocarbon market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.2 Fluorocarbon market estimates, by region, (Kilo Tons) (USD Million) 2013 – 2024
4.2.3 HCFC
4.2.3.1 HCFC market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.3.2 HCFC market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.2.4 HFC
4.2.4.1 HFC market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.4.2 HFC market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.2.5 HFO
4.2.5.1 HFO market estimates, (Kilo Tons) (USD Million), 2013-2024
4.2.5.2 HFO market estimates, by region, (Kilo Tons) (USD Million), 2013-2024
4.3 Inorganics & specialties
4.3.1 Inorganics & specialties market estimates, (Kilo Tons) (USD Million), 2013-2024
4.3.2 Inorganics & specialties market by region, 2013 – 2024
4.4 Fluoropolymers
4.4.1 Fluoropolymers market estimates, (Kilo Tons) (USD Million), 2013-2024
4.4.2 Fluoropolymers market by region, 2013 – 2024
Browse Complete Table of Content @ https://www.gminsights.com/toc/detail/fluorochemicals-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/fluorochemicals-market-report
Source URL: https://marketersmedia.com/fluorochemicals-market-generate-a-revenue-pocket-of-usd-70-billion-by-2024/478123
Source: MarketersMedia
Release ID: 478123
