Global Fluorochemical Market to grow at over 10% CAGR to 2024
SELLBYVILLE, Del., July 12, 2018 /PRNewswire-iReach/ — According to a latest research report by Global Market Insights, Inc. “Fluorochemical Market is predicted to be valued USD 70 billion by 2024.” 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.
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.
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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.
Germany fluorochemical market size is anticipated to reach USD 3 billion by 2024. Strict regulatory norms restricting use of fluorocarbons such as HCF and HCFC which may cause environmental damage may act as a restraining factor. However, innovations to develop HFO compounds which will have low ozone depleting potential will drive fluorochemicals demand.
High prices of fluorocarbons owing to phasing out policies with increasing demand and less supply may hamper industry profitability and affect fluorochemicals market price trends. In addition, inclusion of high compliance cost owing stringent regulations will limit industry growth.
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Inorganic fluorochemical market size is estimated to reach up to USD 4 billion in sales by 2024. Increasing usage of sodium fluoride in dental care as a toothpaste additive owing to its functional benefits of preventing cavities and making teeth stronger and more resistant to decay will promote product demand.
Fluorocarbons market size from HFO (Hydrofluorocarbon) may witness steady gains at over 9%. Increasing preference over other fluorocarbons owing to favorable regulatory policies by EU Commission for adoption in mobile air conditioning systems to reduce emissions will have positive influence on fluorochemicals demand.
India fluorochemical 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.
Buy this industry insights spread across 225 pages with 251 market data tables & 24 figures & charts from the report, “Fluorochemicals Market Size By Product (Fluorocarbon [HCFC, HFC, HFO], Inorganics & Specialties, Fluoropolymer), By Application (Refrigerant, Aluminum Production, Blowing Agent, Components & Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, Belgium, China, Japan, India, South Korea, Thailand, Australia, Taiwan, Brazil, Argentina, Saudi Arabia, UAE, South Africa) , Application Potential, Competitive Market Share & Forecast, 2018 – 2024″ in detail along with the table of contents:
Chapter 3 Fluorochemical Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
220.127.116.11 Service Providers
3.4 Raw material analysis
3.5 Cost structure analysis
3.6 Innovation & sustainability
3.7 Regulatory landscape
3.7.1 Kyoto Protocol
3.7.2 Montreal Protocol
3.7.3 North America
18.104.22.168 Significant New Alternative Policy (SNAP)
22.214.171.124 F-gas regulation
3.8 Industry impact forces
3.8.1 Growth drivers
126.96.36.199 North America
188.8.131.52.1 Growing refrigerant demand in packaged food industry
184.108.40.206 Asia Pacific
220.127.116.11.1 Increasing demand for HVAC in automotive and construction industry
18.104.22.168 Rising application as blowing agent
3.8.2 Industry pitfalls & challenges
22.214.171.124 Stringent regulatory regimes
126.96.36.199 Production cost issues
3.9 Growth potential analysis, 2017
3.9.1 Emerging business model
188.8.131.52 New product launch
3.10 Porter’s analysis
3.11 Competitive landscape, 2017
3.11.1 Company market share, 2017
3.11.3 Company and plant locations
3.11.4 Strategy dashboard
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/fluorochemicals-market
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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.
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SOURCE Global Market Insights, Inc.