Below are some of the key findings from the flourocarbon market research report
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Global flourocarbon industry overview
Several factors such as the increase in global temperature and improved standard of living in the developing countries will lead to a rise in the demand for domestic refrigeration and air-conditioning in households. The economic development in countries like India, China, and Brazil has led to the increment in disposable income among buyers, which in turn will fuel the demand for refrigerators. Emerging economies like China, India, Russia, South Africa, and other South East Asian economies will be at the forefront of this demand generation. Additionally, the increasing focus on environment protection will drive the development and production of environment friendly fluorocarbon-based refrigerants across the globe, particularly in developed regions like Europe and North America. As a result, the increasing demand for refrigeration and air-conditioning will drive the fluorocarbon market’s growth during the forecast period.
The rise in the demand for lightweight materials is one of the key trends expected to gain prominence in the market. Fluorocarbons are highly crucial to the automobile industry as it is used for automobile air-conditioning and various automobile components including front cover seats, cylinder gaskets, valve packings, oil coolers, and fuel tanks. In addition, factors including the regulations and policies, changes in market trends and demand of customers, and the role of innovative technology and electronics in automobiles will boost the fluorocarbons market growth in the upcoming years.
Top flourocarbon companies covered in this market research report
The flourocarbon market is moderately fragmented with companies focusing on leveraging advanced technologies for catering the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this flourocarbon industry analysis report will aid clients identify new growth opportunities and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of various companies including:
- Arkema
- Dongyue Group
- Honeywell International
- SINOCHEM GROUP
- Solvay
Flourocarbon market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest flourocarbon market revenue throughout the forecast period. The region will contribute the fastest growth in the market due to the growing awareness of the benefits of fluorocarbon in the flourishing end-user industries in the emerging economies including India and China.
Flourocarbon market segmentation based on application
- Refrigeration and air-conditioning
- Polymer feedstocks
- Others
The refrigeration and air-conditioning segment will account for the highest flourocarbon market growth during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the flourocarbon market size.
Key highlights of the global flourocarbon market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the flourocarbon market during the next five years
- Precise estimation of the global flourocarbon market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the flourocarbon industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of flourocarbon companies
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