The fluorohydrocarbon market is expected to grow at a CAGR of 5.11%, reaching a market size of US$36.567 billion in 2030 from US$28.498 billion in 2025.
The increased use of fluorohydrocarbon in multiple sectors has created an increased demand for the substances. For instance, HFO-1234ze(E) is used for the heat pumps at a data center to provide cooling for the data center and utilize the waste heat. Further, the district heating and cooling systems use the fluorocarbon refrigerants HFCs and HFOs for improved energy efficiency and reduced GHG emissions. The heat pumps use HFC, HFC/HFO blends, and HFO for safety.
Other applications included in the manufacturing of semiconductors, use in magnesium casting, electronics manufacturing, etc. With the increased industrialization and manufacturing processes in the developing regions of Asia Pacific, Middle East, and Africa fluorochemicals are essential in meeting the rising production demands.
Semiconductor manufacturers use a variety of fluorohydrocarbon global warming-potential (GWP) gases to create intricate circuitry patterns upon silicon wafers and to rapidly clean chemical vapor deposition (CVD) tool chambers. The manufacture of high-volume and advanced semiconductors requires using fluorinated chemicals known as Per- and polyfluoroalkyl substances (PFAS). PFAS are used due to their low surface tension and compatibility with other chemicals. These perfluorocarbons are: CF4, C2F6 and C3F8, hydrofluorocarbons such as CHF3, CH3F and CH2F2, nitrogen trifluoride (NF3) and sulfur hexafluoride (SF6). As the application and demand for the semiconductor industries are growing, the need for the fluorohydrocarbon would also expand for the application.
Since the demand for digital services is growing rapidly, the number of internet users worldwide has more than doubled, and global internet traffic has also expanded. Rapid energy efficiency improvements helped moderate growth in energy demand from data centers and data transmission networks. Large data centers use massive amounts of energy to process and store data. Similar quantities of energy can be required for cooling to maintain the necessary data operating temperature. HFCs, including R-134a and R-410A, and HFOs are widely used for data center cooling.
A range of compressors are used for the high-capacity centrifugal chillers, which have large refrigerant charges. The Internet of Things (IoT), cloud computing, and smart technology are also expanding data center installations. The large demand for data center cooling drives the requirement for higher efficiency.
The electric vehicles (EVs) sales growth is significant for the demand for fluoropolymer materials. Polyvinylidene fluoride (PVDF) polymers are widely used as binders in lithium-ion batteries. PVDF improves the energy density, safety, and power of EV batteries. Globally, electric vehicle sales in 2023 exceeded 14 million, and the market share expanded from 4% in 2020 to 18% in 2023. Fluoropolymers contribute significantly to the safety aspects of the automotive industry as well. With the increase in the automobile industry growth, fluorohydrocarbon will expand due to its application in different aspects of automobile manufacturing.
By geography, the fluorohydrocarbon market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see the fastest growth in the fluorohydrocarbon market due to increasing applications in consumer electronics and the automobile sector here. In India, from 2022 to 2023, the export of white goods such as refrigerators, freezers, and other refrigerating equipment accounted for US$40.97 million.
North America is expected to have a significant share in the fluoro hydrocarbon market due to the production of refrigerants, aluminum, and others. U.S. semiconductor fab capacity would likely increase by 203% from 2022-2032, a tripling of U.S. capacity. These hikes in the industries would lead to the fluorohydrocarbon market expansion.
The market leaders for the fluorohydrocarbon market are 3M, DuPont, DAIKIN INDUSTRIES, Ltd., Solvay, Arkema, and Merck KGaA, among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Fluorohydrocarbon Market Size in 2025 | US$28.498 billion |
| Fluorohydrocarbon Market Size in 2030 | US$36.567 billion |
| Growth Rate | CAGR of 5.11% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Fluorohydrocarbon Market |
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| Customization Scope | Free report customization with purchase |