Fluorochemicals are the organic compounds containing fluorine. They are heat extracting organic compound and mainly used for air conditioning and refrigerant cooling. They are used to produce a wide range of polymers used for insulating foam. There are few more applications of Fluorochemicals where it acts as a solvent. The refrigerants industry has a regular use of Fluorochemicals and there increasing growth favors the growth of Fluorochemicals market. The changing lifestyle, rising income levels and increasing industrialization is helping the Fluorochemicals market to grow at an increased pace.
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Fluorochemicals are non-toxic and non-flammable, these properties mostly drives the demand for Fluorochemicals and hence increases its applications. Uses in refrigerants, foam-blowing agents, solvents and aerosols business favors the great growth of the Fluorochemicals market.
The increasing researches on Fluorochemicals and advancement in technology holds great possibility of new application areas of Fluorochemicals in the coming future. The rising concerns towards environmental savings have also triggered the use of Fluorochemicals globally. This projects a rising future of the Fluorochemicals market in the coming six years of span. China holds the largest share of the Asia-Pacific market, followed by India. North America, Western Europe and Japan are experiencing the saturated sate and thus expect shrinking shares in the coming future. Eastern Europe, Africa and Middle East markets are also expected to grow with above average growth rate because of the increasing industrial demands in the regions.
Some of the companies operating in this market are Arkema Inc., Air Products and Chemicals, Daikin Industries Ltd., Asahi Glass Co., Honeywell International Inc., Mexichem SAB, Mitsui Chemicals, Solvay S.A., 3M Company, and DU PONT (E.I.) DE NEMOURS.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
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- Asia Pacific
- Rest of the World
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