Fluorochemicals Market is expected to reach a market size $23.245 billion in 2021, growing from $18.903 billion in 2016, at a projected compound annual growth rate of 4.22%, over the forecast period. Fluorochemicals are the derivatives of fluorine and are majorly used in industries as blowing agents, refrigerators, air-conditioners, fire extinguishers and other electronic products, hence hosting a large number of industrial applications due to their versatile properties. The market is accelerated by the drivers such as global growth in the aluminum demand due to the increasing use of aluminum in motor vehicles, burgeoning demand for high-performance fluorochemicals and adoption of these in advanced manufacturing of motor vehicles. Developing nations are playing a major role in the market growth of due to increasing penetration of fluorochemical based consumer goods.
This report provides a comprehensive analysis of the Fluorochemicals market. The market size and forecast of the global, regional and various segments has been provided in US$ billion.
Under market dynamics section, different drivers, restraints, current trends and opportunities which exist in the market have been discussed with a detailed analysis regarding the same. Market analysis has been provided with the help of Porter’s Five Forces model. The other major sub-sections under this section are supplier outlook, industry outlook, industry lifecycle analysis, and value chain.
Scenario analysis has also been provided considering the different factors affecting the Fluorochemicals market. Under this section, different scenarios like industry regulations and economic factors have been considered to provide market trends over the forecast period.
The report is an in-depth study on the Fluorochemicals Market with key market segmentations such as product type and application. The opportunities which exist in different regions has also been covered with the wide-ranging market segmentation and forecast for Americas, Europe Middle East and Africa and Asia Pacific regions.
Competition analysis section lists vendor market share, recent investments by some of the major players, deals and strategies adopted by them to enhance their footprint across different regional markets.