Fluorochemicals Market, By Product Type (Fluorocarbons, Fluoropolymers, Fluoroelastomers, AlF3, Othe

Published Date: June - 2019 | Report Code : CH2058821


The Global Fluorochemicals Market was estimated at USD 22.77 billion in 2019 and is projected to reach USD 34.96 billion by 2028, growing at a CAGR of 4.9% during the forecast period. Increasing HVAC systems installed in the manufacturing and automotive sectors are expected to propel this market during the forecast period.

 fluorochemicals market

Fluorochemicals Market

The product category of fluorocarbons is anticipated to dominate the industry in the coming years in the global fluorochemicals market. This is owing primarily to the widespread use of these compounds as refrigerants, aerosol propellants, and blasting agents in the packaging industry. The leading position of the segment is also attributed to the strength and stabilization of the covalent bonds of the compounds, making them suitable for use as solvents, lubricants and stain repellents.

The global fluorochemicals market was dominated by the refrigerant segment, covering over 40.0 percent of the total market share in 2018. Growth in this sector is anticipated to boost the significance of clean water systems in the manufacturing industry, alongside the growing installation of HVAC systems in automobiles. Significant growth is anticipated in this sector due to the increasing use of the product in manufacturing consumables used in household and industrial machinery. Fluorochemicals are used to manufacture refrigerant CFCs, HFCs, and HCFCs. Besides, they have a broad application in the refrigeration sector with a major use in refrigeration equipment, air conditioning for heat ventilation (HVAC), self-chilling beverage containers, and defrost systems. Due to the rising demand for refrigerants in the automotive industry and consumer durables, this sector is anticipated to experience significant growth. Moreover, owing to increased supply for cooling equipment, this sector illustrates a strong growth capability during the forecast period.

Fluorochemicals Market

Fluorochemicals Market

However, there are also several constraints to counter the growth of the fluorochemicals market. They have significantly affected the global fluorochemicals market's revenue generation. The increasing environmental concerns about the use of these fluorochemicals are a major barrier, causing several countries to pass laws to phase out their use smoothly. Another limitation is the non-uniform availability of the fluorspar mineral source, without which fluorochemicals cannot be produced. Newer products and less hazardous fluorocarbons, however, are currently in the R&D phase. They will aid in solving the environmental threat once they are launched in the fluorochemicals market.

In 2018, Asia Pacific embodied a major share of the global fluorochemicals market. Besides this over the forecast period, it is anticipated to witness important gains and thrive at a steady pace. It is projected that a positive outlook for the automotive sector in China, India, Indonesia, and Malaysia will boost the use of refrigerants in vehicle HVAC systems and thus contributes to the growth of the industry. It is expected that the abundance of aluminum reserves in China, India, and Australia will boost its application in the region, along with the regulatory inclination to encourage FDI in the domestic metal industry. The U.S. government has announced that it will phase out some fluorochemicals from 2010 including HCFC-22 (also called R-22) and HCFC-142b, which is expected to harm the growth of the fluorochemicals market over the forecast period.

Key Factors Impacting Growth of Fluorochemicals Market:

  • Demand for air conditioning and air propellants in urban areas
  • Rising environmental concerns about the use of fluorocarbons
  • Favorable government policies and regulations to phase out the hazardous CFC’s  

Key Developments:

  • In June 2010, 3M announced plans to adopt a new non-toxic perfluorooctane-sulfonyl fluoride technology to develop new products. These chemicals can be used as oil and water repellent coatings. New product developments, along with the expansion of production in manufacturing units located in or near high demand regions, are expected to remain critical success factors for growth.
  • In 2015, refrigerants manufacturer SRF Ltd said on Thursday that it has agreed to purchase the global pharmaceutical propellant business from US chemicals maker DuPont. SRF is the only manufacturer of the pharma propellant known as HFC 134a in India using its indigenous technology. This transaction provides SRF immediate access to DuPont’s technology, brand and customers, thus enabling an instant entry into the niche pharmaceutical segment at a global level.

What Does This Report Provide?

This report provides a detailed understanding of the global fluorochemicals market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the fluorochemicals market.

Market Segmentation:

By Product Type:

  • Fluorocarbons
  • Fluoropolymers
  • Fluoroelastomers
  • AlF3
  • Others

By Application:

  • Refrigerants
  • Aluminum Production
  • Plastic Foams
  • Electrical Equipments

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Application

Companies Covered: Major Companies profiled in the report which are key players in the global fluorochemicals market DuPont, Arkema SA, 3M, Solvay SA, Daikin Honeywell, Asahi Glass, and Dongyue...

Years Considered In The Study

Historic Year

2016, 2017

Base Year


Forecast Period


CAGR %(2019-2028)



Reasons to Buy This Report:

  • Market size estimation of the global fluorochemicals market on regional and global basis.
  • The unique research design for market size estimation and forecast.
  • Profiling of major companies operating in the fluorochemicals market with key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the fluorochemicals market.


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