Fluorochemicals Market Size To Reach $36.0 Billion By 2030

Fluorochemicals Market Growth & Trends

The global fluorochemicals market size is expected to reach USD 36.0 billion by 2024, registering a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research. Growing popularity of fluoropolymers in the automotive and electronics sectors on account of exhibiting superior properties such as good electrical insulation and tensile strength is expected to have a positive impact on the industry.

Growing demand for aluminum in a host of end-use industries including aviation, automotive, electronics, and healthcare is expected to drive demand. Furthermore, the expansion of these industries is expected to accelerate growth. The presence of a stringent regulatory framework which includes critical protocols including the Montreal Protocol and Kyoto Protocol has led to the restricted production and use of numerous chemicals including HCFC and CFC.

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Fluorochemicals Market Report Highlights

• Fluoropolymers & fluoroelastomers have held the dominant market share of 43.2% in 2023 owing to their exceptional chemical resistance, high-temperature stability, and non-stick properties.

• Blowing agents are expected to emerge as the fastest-growing segment during the forecast period as these are crucial for polymer foams that are extensively used in industries such as construction, automotive, packaging, and appliances.

• Asia Pacific fluorochemicals market secured the dominant share of 50.8% in 2023 owing to rapid industrialization and urbanization, particularly in countries such as China, India, and Japan.

Fluorochemicals Market Segmentation

Grand View Research has segmented the global fluorochemicals market report based on product, application, and region:

Fluorochemicals Product Outlook (Revenue, USD Million, 2018 - 2030; Volume in Kilotons)

• Fluorocarbons

  • HCFC

  • HFC and Others

• Inorganic Fluorochemicals

• Fluoropolymers & Fluoroelastomers

Fluorochemicals Application Outlook (Revenue, USD Million, 2018 - 2030; Volume in Kilotons)

• Refrigerants

• Aluminum Production

• Blowing Agents

• Components & Others

Fluorochemicals Regional Outlook (Revenue, USD Million, 2018 - 2030; Volume in Kilotons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List of Key Players in Fluorochemicals Market

• 3M

• DuPont

• DAIKIN INDUSTRIES, Ltd.

• Solvay

• Asahi India Glass Limited

• Arkema

• Honeywell International Inc.

• DONGYUE GROUP

• Pelchem SOC Ltd

• Air Products and Chemicals, Inc.

• Mitsui Chemicals India Pvt. Ltd.

• Halocarbon, LLC

• Koura