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Fluorochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 140 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5642301

Quick Summary:

In a world increasingly focusing on technology and industry, the global market for fluorochemicals has emerged as a stronghold for growth. These chemical compounds, comprising fluorine, exhibit remarkable repulsion against both aqueous and oil-based substances. They offer immense benefits, such as removing water, soil, and oil particles from various materials, contributing to the production of fire-resistant polymers used in a range of applications, from non-stick cookware to breathable rain jackets. This versatility ensures their wide usage across diverse sectors including electronics, petrochemical, agrochemical, construction, personal care, and pharmaceutical industries globally.

In addition to their current applications, new avenues of usage are driving the demand for fluorochemicals. Thanks to their key role in the enhancement of plasma etching in semiconductors and light bulbs, alongside uses in the construction industry's HVAC technology, fluorochemicals' market growth is accelerating. Furthermore, the rising need for refrigeration in the food and beverage sector and the usage of fluorochemicals in the healthcare industry for medical implants highlight the ever-expanding applications of these chemicals. Finally, with the automotive industry increasing the use of aluminum, the demand for fluorochemicals is poised to see a significant upswing, making this a salient investment opportunity for savvy business executives.

The global fluorochemicals market size reached US$ 23.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 31.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Fluorochemicals are chemical compounds comprising fluorine and providing effective repellency against both aqueous and oil-based substances. They help remove water, soil, and oil particles from metals, papers, carpets, and fabrics. They also assist in making abrasion, chemical, and fire-resistant polymers that are utilized in non-stick cookware, grease-wicking pizza boxes, airplane hydraulic fluid, and breathable rain jackets. Apart from this, they are used as additives in lubricants for recording media, firearms, conveyor chains, and combustion engines. Presently, they find extensive applications in electronics, petrochemical, agrochemical, construction, personal care, and pharmaceutical industries across the globe.

Fluorochemicals Market Trends:

Due to the increasing plasma etching in semiconductors and light bulbs to enhance their chemical and physical properties, there is a rise in the demand for fluorochemicals. This, along with their growing utilization in producing flat display panels and plastics, such as polytetrafluoroethylene (PTFE), represents one of the key factors driving the market. Moreover, there is an increase in the demand for heating, ventilation, and air conditioning (HVAC) technology in the construction industry around the world. This, coupled with the rising construction activities, is propelling the growth of the market. Apart from this, the escalating demand for refrigeration in the food and beverage (F&B) industry for convenient storage of food products is positively influencing the market. Additionally, fluorochemicals are used as anesthetics, antidepressants, antifungals and antibiotics, antacids, cholesterol-lowering agents, and steroids. In line with this, the increasing employment of fluorochemicals in the healthcare industry for medical implants due to their high biocompatibility is offering lucrative growth opportunities to industry investors. Apart from this, the rising application of aluminum in the automotive industry is catalyzing the demand for fluorochemicals worldwide.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global fluorochemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use.

Breakup by Type:

  • Fluorocarbons
  • Fluoroelastomers
  • Fluoropolymers
  • Inorganics
  • Others

Breakup by Application:

  • Surfactants
  • Propellants
  • Aluminum Production
  • Refrigerant
  • Automobile
  • Agrochemicals
  • Others

Breakup by End Use:

  • Electrical and Electronics
  • Petrochemicals
  • Chemicals
  • Aerospace
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.

Key Questions Answered in This Report

1. How big is the global fluorochemicals market?
2. What is the expected growth rate of the global fluorochemicals market during 2023-2028?
3. What are the key factors driving the global fluorochemicals market?
4. What has been the impact of COVID-19 on the global fluorochemicals market?
5. What is the breakup of the global fluorochemicals market based on the type?
6. What is the breakup of the global fluorochemicals market based on the application?
7. What are the key regions in the global fluorochemicals market?
8. Who are the key players/companies in the global fluorochemicals market?
Frequently Asked Questions about the Global Fluorochemicals Market

What is the estimated value of the Global Fluorochemicals Market?

The Global Fluorochemicals Market was estimated to be valued at $23.1 Billion in 2022.

What is the growth rate of the Global Fluorochemicals Market?

The growth rate of the Global Fluorochemicals Market is 5.0%, with an estimated value of $31 Billion by 2028.

What is the forecasted size of the Global Fluorochemicals Market?

The Global Fluorochemicals Market is estimated to be worth $31 Billion by 2028.

Who are the key companies in the Global Fluorochemicals Market?

Key companies in the Global Fluorochemicals Market include 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc. and Maflon S.p.a..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fluorochemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Fluorocarbons
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fluoroelastomers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fluoropolymers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Inorganics
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Surfactants
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Propellants
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Aluminum Production
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Refrigerant
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Automobile
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Agrochemicals
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End Use
8.1 Electrical and Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Petrochemicals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemicals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Aerospace
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 AGC Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Arkema S.A.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Daikin Industries Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 DIC Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Dynax Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Gujarat Fluorochemicals Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Halocarbon Products Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Honeywell International Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Maflon S.p.a.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Pelchem SOC Ltd (Necsa Soc Ltd)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Solvay S.A.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 SRF Limited
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 The Chemours Company
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
List of Figures
Figure 1: Global: Fluorochemicals Market: Major Drivers and Challenges
Figure 2: Global: Fluorochemicals Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fluorochemicals Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Fluorochemicals Market: Breakup by Type (in %), 2022
Figure 5: Global: Fluorochemicals Market: Breakup by Application (in %), 2022
Figure 6: Global: Fluorochemicals Market: Breakup by End Use (in %), 2022
Figure 7: Global: Fluorochemicals Market: Breakup by Region (in %), 2022
Figure 8: Global: Fluorochemicals (Fluorocarbons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Fluorochemicals (Fluorocarbons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Fluorochemicals (Fluoroelastomers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fluorochemicals (Fluoroelastomers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fluorochemicals (Fluoropolymers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fluorochemicals (Fluoropolymers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fluorochemicals (Inorganics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fluorochemicals (Inorganics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fluorochemicals (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fluorochemicals (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fluorochemicals (Surfactants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fluorochemicals (Surfactants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fluorochemicals (Propellants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fluorochemicals (Propellants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fluorochemicals (Aluminum Production) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fluorochemicals (Aluminum Production) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fluorochemicals (Refrigerant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fluorochemicals (Refrigerant) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fluorochemicals (Automobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fluorochemicals (Automobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Fluorochemicals (Agrochemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Fluorochemicals (Agrochemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Fluorochemicals (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Fluorochemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Fluorochemicals (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Fluorochemicals (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Fluorochemicals (Petrochemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Fluorochemicals (Petrochemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Fluorochemicals (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Fluorochemicals (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Fluorochemicals (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Fluorochemicals (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Fluorochemicals (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Fluorochemicals (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Fluorochemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Fluorochemicals Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Fluorochemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Fluorochemicals Industry: SWOT Analysis
Figure 92: Global: Fluorochemicals Industry: Value Chain Analysis
Figure 93: Global: Fluorochemicals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Fluorochemicals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fluorochemicals Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Fluorochemicals Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Fluorochemicals Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Fluorochemicals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fluorochemicals Market: Competitive Structure
Table 7: Global: Fluorochemicals Market: Key Players

Companies Mentioned

  • 3M Company
  • AGC Inc.
  • Arkema S.A.
  • Daikin Industries Ltd.
  • DIC Corporation
  • Dynax Corporation
  • Gujarat Fluorochemicals Limited
  • Halocarbon Products Corporation
  • Honeywell International Inc.
  • Maflon S.p.a.
  • Pelchem SOC Ltd (Necsa Soc Ltd)
  • Solvay S.A.
  • SRF Limited
  • The Chemours Company.

Methodology

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