Fluorochemicals are chemical derivatives of fluorine, a chemical element which is found in the Earth’s crust. These chemicals have a differentiated application base in a number of industries, including electronics, pharmaceuticals, automotive, and chemicals. These chemical derivatives of fluorine are utilized in these industries as blowing agents, air-conditioners, refrigerators, fire extinguishers, and others.

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Significant shift in usage patterns of fluorocarbon-based products and increasing resource and capital allocation toward research and development of fluorochemicals, which possess a low global warming potential (GWP) and a zero ozone-depletion potential (zero-ODP) are key trends impacting dynamics of the global fluorochemicals market.

The fluorochemicals market has been classified on the basis of product into fluorocarbons, inorganic and specialties, and fluoropolymers. Fluorocarbons, which are formed when fluorine is covalently bonded to carbon atoms in different number and configurations, accounted for the largest share in the market.

Key factors driving the growth of the fluorochemicals market are growing adoption of clean air systems in residential, commercial, and industrial installations, and increasing installation of HVAC systems in automobiles. These are expected to augment the market growth in the near future.

Low penetration of fluoropolymers in several countries across the globe generates growth opportunities for players in the fluorochemicals market. Moreover, with the advent of growth in production of aluminum, semiconductors, batteries, and other electronic components is also anticipated to create high demand for high-value fluorochemicals.

Some of the major players operating in the global fluorochemicals market are Honeywell international Inc., 3M Company, Solvay SA, Mitsui Chemicals Inc., DuPont, DAIKIN INDUSTRIES Ltd., ASAHI GLASS CO. LTD., Mexichem S.A.B. de C.V., Arkema Group, and Air Products and Chemicals Inc.

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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.