Market Size – USD 18.89 billion in 2018, Market Growth - CAGR of 5.1%, Market Trends – Increase in aluminum production

The global Fluorochemicals Market is expected to reach USD 28.12 Billion by 2026, according to a new report by Reports and Data.Increase in number of applications for organic fluorochemicals in healthcare, pharmaceuticals, and automobile industries support market growth. Application of these chemicals in the pharmaceutical industry due to its incombustible nature is likely to push the market demand in the upcoming years. It is highly used as an anesthetic agent in dental care. Increased R&D expenditure especially in the pharmaceutical sector to develop novel product range is anticipated to drive market growth. Increase in automobile production owing to rising consumer economic standards will support demand for aluminum production, which is one of the major applications of fluorochemicals.

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Major companies profiled in the report include:

3M, DuPont,
Honeywell,
Solvay SA,
Pelchem,
Mexichem,
Archema SA,
Dongyue,
Halocarbon Products Corp.,
and Daikin Industries among others.
Further key findings from the report suggest:

The market in the APAC region contributed around 40% of the market share in 2018. Growth of the automotive industry in China, India, Indonesia, and Malaysia is projected to increase the application of refrigerants in HVAC systems for automobiles and as a result, contribute to market growth.
The large quantity of aluminum reserves in countries like China, India, and Australia together with the regulatory inclination to promote FDI in the domestic metal sector is anticipated to increase its application in the upcoming year. The Asia Pacific region is forecasted to experience significant gains in the period 2019-2026.
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Fluorochemicals Market segmentation by Types:

Organic
Inorganic
Fluorochemicals Market segmentation by Application:

Refrigerant
Blowing Agent
Aluminum Production
Agrochemicals
Lubricants
Propellants
Components
Surfactants
Specialty Chemicals
Others
Regional Analysis Covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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