Inorganic fluorochemicals market size is estimated to reach up to USD 4 billion in sales by 2024. Increasing usage of sodium fluoride in dental care as a toothpaste additive owing to its functional benefits of preventing cavities and making teeth stronger and more resistant to decay will promote product demand.

Sellbyville, DE -- (SBWire) -- 05/03/2019 --Fluorochemicals Market was over USD 35 billion in 2017 and industry expects consumption of above 4.5 million tons by 2024. Fluorochemicals Market is set to surpass USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Global fluorochemicals industry is one of the most opportunistic yet debatable business spheres of recent times. The trend is driven by the product being a subject of questions by regulatory authorities on grounds of its environmental viability.

Chemours' latest acquisition of ICOR International that generated ripples of anticipation in fluorochemicals market is a classic instance of what analysts deem the 'tried-and-tested' route. The leading refrigerant manufacturer, in an attempt to solidify its consumer base across North America, took over the U.S. based supplier of branded refrigerants, despite boasting of an already established liaison with equipment owners and contractors.

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Growth drivers

- North America
1. Growing refrigerant demand in packaged food industry
- Asia Pacific
2. Increasing demand for HVAC in automotive and construction industry
- Rising application as blowing agent

Increasing applications of blowing agent in foamed plastics manufacturing which are further used in variety of applications including weight reduction, convenience, comfort, cushioning and energy dissipation in automotive and electronics industry will have positive influence on fluorochemicals market growth. Key players are engaged in formulating low global warming potential (GWP) blowing agent for polyurethane foams which may stimulate product demand.

Fluorochemicals market research report includes in-depth coverage of the industry

Germany fluorochemical market size is anticipated to reach USD 3 billion by 2024. Strict regulatory norms restricting use of fluorocarbons such as HCF and HCFC which may cause environmental damage may act as a restraining factor. However, innovations to develop HFO compounds which will have low ozone depleting potential will drive fluorochemicals demand.

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High prices of fluorocarbons owing to phasing out policies with increasing demand and less supply may hamper industry profitability and affect fluorochemicals market price trends. In addition, inclusion of high compliance cost owing stringent regulations will limit industry growth.

Inorganic fluorochemicals market size is estimated to reach up to USD 4 billion in sales by 2024. Increasing usage of sodium fluoride in dental care as a toothpaste additive owing to its functional benefits of preventing cavities and making teeth stronger and more resistant to decay will promote product demand.

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https://www.gminsights.com/industry-analysis/fluorochemicals-market

Fluorocarbons market size from HFO (Hydrofluorocarbon) may witness steady gains at over 9%. Increasing preference over other fluorocarbons owing to favorable regulatory policies by EU Commission for adoption in mobile air conditioning systems to reduce emissions will have positive influence on fluorochemicals demand.

India fluorochemicals market size may exceed to USD 3 billion by 2024. Growth in automotive and electronics industry owing to rapid industrialization and upgrading consumer lifestyle will surge regional product demand. Moreover, supporting FDI policies has led to rise in automotive and aluminum production which will bolster regional product demand.

Global fluorochemicals market share is consolidated and competitive. Key industry participants are Dupont, 3M, Daikin, Pelchem, Mexichem, Solvay, Asahi Glass, Halocarbon products and Arkema. Industry is characterized by product innovations to develop alternatives reducing environmental effects which will stimulate product demand.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.