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The fluorochemicals market share is expected to increase by USD 6.75 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%.
This fluorochemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fluorochemicals market segmentation by product (fluorocarbons, inorganics, fluoropolymers, and specialties), end-user (refrigeration, home and industrial appliances, aluminum, electrical and electronics, and pharmaceuticals), and geography (APAC, North America, Europe, South America, and MEA). The fluorochemicals market report also offers information on several market vendors, including 3M Co., AGC Inc., Arkema SA, Daikin Industries Ltd., Dongyue Group Ltd., Gujarat Fluorochemicals Ltd., Halocarbon LLC, Kama Holdings Ltd., Solvay SA, and The Chemours Co. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for refrigerants is notably driving the fluorochemicals market growth, although factors such as stringent regulatory guidelines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fluorochemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fluorochemicals Market Driver
One of the key factors driving growth in the fluorochemicals market is the growing demand for refrigerants. Factors like rising global temperatures (32.5°F-33.8°F in the lowest emissions scenario and 36.7°F-40.64°F in the maximum emissions scenario) and the improving living standards of the population living in APAC and Central and South America are expected to increase the demand for residential refrigerators. The rapid economic growth in APAC and South America and the subsequent increase in the disposable income of consumers are leading to the growth in demand for a number of household appliances, including refrigerators, especially in the emerging markets of Brazil, Russia, India, China, and South Africa (BRICS) and Southeast Asian countries. The growth in the cold storage industry, mainly in developing countries, has spurred the demand for fluorocarbons used as refrigerants. It has also led to the search for new, innovative refrigerant products that cost less than the widely used traditional refrigerants and are also eco-friendly.
Key Fluorochemicals Market Trend
The expanding applications in the healthcare industry is another factor supporting the fluorochemicals market share growth. The use of fluorochemicals in the form of organic fluorochemical intermediates for the production of medicines has increased in the last two decades. In the pharmaceutical industry, sevoflurane and fluorobenzene are key ingredients used for the production of various kinds of medicines. Methyl fluoroacetate is the primary compound used to manufacture floxuridine, tegafur, 5-fluorouracil, enoxacin, tosufloxacin, and 5-fluoro-4-hydroxylpyrimidine. Another compound named ethyl fluoroacetate is used to synthesize 5-fluorouracil and 5-fluoroancymiol. Presently, China has a strong manufacturing base for aromatic fluorochemicals, such as benzotrifluorides, fluorobenzenes, fluoroanilines, and fluorotoluenes.
Key Fluorochemicals Market Challenge
The stringent regulatory guidelines will be a major challenge for the fluorochemicals market during the forecast period. The Montreal Protocol of 1989 was designed to protect the Earth's ozone layer by phasing out the production of substances that are responsible for the depletion of the ozone layer. The 30th meeting of the Montreal Protocol on Substrates that Deplete the Ozone Layer was held in 2018. With the implementation of this regulation, hydrofluorocarbons (HFCs) were replaced with hydrocarbons and inorganic compounds (carbon dioxide and ammonia) in refrigeration and other applications like blower manufacturing and packaging. However, in the Kyoto Protocol of 1992, which implemented regulations for the reduction of greenhouse gases, fluorochemicals like HFCs and perfluorocarbons were listed among the top six greenhouse gases that are responsible for global warming and the greenhouse effect. These regulatory scenarios led to a setback for the global fluorochemicals market (mainly fluorocarbons that had the highest market share).
This fluorochemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global fluorochemicals market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fluorochemicals market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the fluorochemicals market encompasses successful business strategies deployed by the key vendors. The fluorochemicals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
3M Co. - The company offers a wide range of fluorochemicals such as Fluorosurfactant FC-4434, Fluorosurfactant FC-4432, Fluorosurfactant FC-4430, among others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fluorochemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the fluorochemicals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
***2. Fluorochemicals Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
*Exhibit 02: Market characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis: Specialty chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
***3. Fluorochemicals Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
*Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
*3.4.3 Impact of COVID-19 on Materials Market
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2020
***5. Fluorochemicals Market Segmentation by Product
**5.1 Market segments
*Exhibit 15: Product - Market share 2020-2025 (%)
**5.2 Comparison by Product
*Exhibit 16: Comparison by Product
**5.3 Fluorocarbons - Market size and forecast 2020-2025
*Exhibit 17: Fluorocarbons - Market size and forecast 2020-2025 ($ billion)
*Exhibit 18: Fluorocarbons - Year-over-year growth 2020-2025 (%)
**5.4 Inorganics - Market size and forecast 2020-2025
*Exhibit 19: Inorganics - Market size and forecast 2020-2025 ($ billion)
*Exhibit 20: Inorganics - Year-over-year growth 2020-2025 (%)
**5.5 Fluoropolymers - Market size and forecast 2020-2025
*Exhibit 21: Fluoropolymers - Market size and forecast 2020-2025 ($ billion)
*Exhibit 22: Fluoropolymers - Year-over-year growth 2020-2025 (%)
**5.6 Specialties - Market size and forecast 2020-2025
*Exhibit 23: Specialties - Market size and forecast 2020-2025 ($ billion)
*Exhibit 24: Specialties - Year-over-year growth 2020-2025 (%)
**5.7 Market opportunity by Product
*Exhibit 25: Market opportunity by Product
***6. Fluorochemicals Market Segmentation by End-user
**6.1 Market segments
*Exhibit 26: End-user - Market share 2020-2025 (%)
**6.2 Comparison by End-user
*Exhibit 27: Comparison by End-user
**6.3 Refrigeration - Market size and forecast 2020-2025
*Exhibit 28: Refrigeration - Market size and forecast 2020-2025 ($ billion)
*Exhibit 29: Refrigeration - Year-over-year growth 2020-2025 (%)
**6.4 Home and industrial appliances - Market size and forecast 2020-2025
*Exhibit 30: Home and industrial appliances - Market size and forecast 2020-2025 ($ billion)
*Exhibit 31: Home and industrial appliances - Year-over-year growth 2020-2025 (%)
**6.5 Aluminum - Market size and forecast 2020-2025
*Exhibit 32: Aluminum - Market size and forecast 2020-2025 ($ billion)
*Exhibit 33: Aluminum - Year-over-year growth 2020-2025 (%)
**6.6 Electrical and electronics - Market size and forecast 2020-2025
*Exhibit 34: Electrical and electronics - Market size and forecast 2020-2025 ($ billion)
*Exhibit 35: Electrical and electronics - Year-over-year growth 2020-2025 (%)
**6.7 Pharmaceuticals - Market size and forecast 2020-2025
*Exhibit 36: Pharmaceuticals - Market size and forecast 2020-2025 ($ billion)
*Exhibit 37: Pharmaceuticals - Year-over-year growth 2020-2025 (%)
**6.8 Market opportunity by End-user
*Exhibit 38: Market opportunity by End-user
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 39: Customer landscape
***8. Geographic Landscape
**8.1 Geographic segmentation
*Exhibit 40: Market share by geography 2020-2025 (%)
**8.2 Geographic comparison
*Exhibit 41: Geographic comparison
**8.3 APAC - Market size and forecast 2020-2025
*Exhibit 42: APAC - Market size and forecast 2020-2025 ($ billion)
*Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
**8.4 North America - Market size and forecast 2020-2025
*Exhibit 44: North America - Market size and forecast 2020-2025 ($ billion)
*Exhibit 45: North America - Year-over-year growth 2020-2025 (%)
**8.5 Europe - Market size and forecast 2020-2025
*Exhibit 46: Europe - Market size and forecast 2020-2025 ($ billion)
*Exhibit 47: Europe - Year-over-year growth 2020-2025 (%)
**8.6 South America - Market size and forecast 2020-2025
*Exhibit 48: South America - Market size and forecast 2020-2025 ($ billion)
*Exhibit 49: South America - Year-over-year growth 2020-2025 (%)
**8.7 MEA - Market size and forecast 2020-2025
*Exhibit 50: MEA - Market size and forecast 2020-2025 ($ billion)
*Exhibit 51: MEA - Year-over-year growth 2020-2025 (%)
**8.8 Key leading countries
*Exhibit 52: Key leading countries
**8.9 Market opportunity by geography
*Exhibit 53: Market opportunity by geography
***9. Drivers, Challenges, and Trends
**9.1 Market drivers
*9.1.1 Growing demand for refrigerants
*9.1.2 Increasing production of aluminum
*9.1.3 Growth of the pharmaceutical industry
**9.2 Market challenges
*9.2.1 Stringent regulatory guidelines
*9.2.2 Threat from emerging substitutes
*9.2.3 High production cost
*Exhibit 54: Impact of drivers and challenges
**9.3 Market trends
*9.3.1 Expanding applications in the healthcare industry
*9.3.2 Technological innovations
*9.3.3 Increasing partnerships
***10. Vendor Landscape
**10.1 Overview
*Exhibit 55: Vendor landscape
**10.2 Landscape disruption
*The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
*Exhibit 56: Landscape disruption
*Exhibit 57: Industry risks
***11. Vendor Analysis
**11.1 Vendors covered
*Exhibit 58: Vendors covered
**11.2 Market positioning of vendors
*Exhibit 59: Market positioning of vendors
**11.3 3M Co.
*Exhibit 60: 3M Co. - Overview
*Exhibit 61: 3M Co. - Business segments
*Exhibit 62: 3M Co. - Key news
*Exhibit 63: 3M Co. - Key offerings
*Exhibit 64: 3M Co. - Segment focus
**11.4 AGC Inc.
*Exhibit 65: AGC Inc. - Overview
*Exhibit 66: AGC Inc. - Business segments
*Exhibit 67: AGC Inc. - Key offerings
*Exhibit 68: AGC Inc. - Segment focus
**11.5 Arkema SA
*Exhibit 69: Arkema SA - Overview
*Exhibit 70: Arkema SA - Business segments
*Exhibit 71: Arkema SA - Key news
*Exhibit 72: Arkema SA - Key offerings
*Exhibit 73: Arkema SA - Segment focus
**11.6 Daikin Industries Ltd.
*Exhibit 74: Daikin Industries Ltd. - Overview
*Exhibit 75: Daikin Industries Ltd. - Business segments
*Exhibit 76: Daikin Industries Ltd. - Key offerings
*Exhibit 77: Daikin Industries Ltd. - Segment focus
**11.7 Dongyue Group Ltd.
*Exhibit 78: Dongyue Group Ltd. - Overview
*Exhibit 79: Dongyue Group Ltd. - Business segments
*Exhibit 80: Dongyue Group Ltd. - Key offerings
*Exhibit 81: Dongyue Group Ltd. - Segment focus
**11.8 Gujarat Fluorochemicals Ltd.
*Exhibit 82: Gujarat Fluorochemicals Ltd. - Overview
*Exhibit 83: Gujarat Fluorochemicals Ltd. - Product and service
*Exhibit 84: Gujarat Fluorochemicals Ltd. - Key offerings
**11.9 Halocarbon LLC
*Exhibit 85: Halocarbon LLC - Overview
*Exhibit 86: Halocarbon LLC - Product and service
*Exhibit 87: Halocarbon LLC - Key offerings
**11.10 Kama Holdings Ltd.
*Exhibit 88: Kama Holdings Ltd. - Overview
*Exhibit 89: Kama Holdings Ltd. - Business segments
*Exhibit 90: Kama Holdings Ltd. - Key offerings
*Exhibit 91: Kama Holdings Ltd. - Segment focus
*Exhibit 100: Samsung Electronics Co. Ltd. - Segment focus
**11.11 Solvay SA
*Exhibit 92: Solvay SA - Overview
*Exhibit 93: Solvay SA - Business segments
*Exhibit 94: Solvay SA - Key news
*Exhibit 95: Solvay SA - Key offerings
*Exhibit 96: Solvay SA - Segment focus
**11.12 The Chemours Co.
*Exhibit 97: The Chemours Co. - Overview
*Exhibit 98: The Chemours Co. - Business segments
*Exhibit 99: The Chemours Co. - Key offerings
*Exhibit 100: The Chemours Co. - Segment focus
***12. Appendix
**12.1 Scope of the report
*12.1.1 Market definition
*12.1.2 Objectives
*12.1.3 Notes and caveats
**12.2 Currency conversion rates for US$
*Exhibit 101: Currency conversion rates for US$
**12.3 Research Methodology
*Exhibit 102: Research Methodology
*Exhibit 103: Validation techniques employed for market sizing
*Exhibit 104: Information sources
**13.4 List of abbreviations
*Exhibit 105: List of abbreviations
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