The global fluorochemicals market has projected to produce 5,398.2 kilo tons by 2022, rising at a CAGR of 4.3% from 2016 to 2022. Increasing demand for automotive, refrigerants, and aluminum in the developing countries is anticipated to increase the demand of fluorochemicals.
Refrigerants market had generated $14.80 billion in 2014 and is expected to generate up to $23.60 billion in 2022. The major driving factors are the increasing cold chain market globally and rising demand of cooling products. The global cold chain market has generated $ 167.24 billion in 2015, and is expected to reach up to $234.49 billion by 2020.
The rising end-user industries such as oil & gas, automobile, pharmaceutical, construction are increasing the refrigerant market. This increasing refrigerant market drives the market of fluorochemicals globally. The fluorocarbons have the highest market share of the total refrigerants market by volume. Asia-Pacific has the largest market share of refrigerants followed by Americas and Europe which have less market share as compared to Asia-Pacific. This growing market of the refrigerants helps to increase the market of the fluorochemicals in Asia-Pacific region.
Due to increasing pharmaceutical industries there is an increase in the demand of fluorochemicals. A huge number of pharmaceutical companies access organic fluorochemicals, either for aromatic or aliphatic use. The industrial experts believe that one in every 3 new pharmaceutical ingredients is based on fluorine chemistry.
Key Topics Covered:
2. Market overview
3. Market determinants
4. Market Segmentation
5. Geographical Analysis
6. Company Profiling: - (Over, SCOT analysis, strategic review)