Pune, India -- (SBWire) -- 05/06/2019 --Our latest research report entitled Fluorochemicals Market (by products (fluorocarbons, fluoropolymers, inorganic fluorochemicals), application (refrigeration, aluminum production, electrical &electronics), end use (automobiles, pharmaceuticals industries, consumer goods, foundry chemicals)) provides complete and deep insights into the market dynamics and growth of fluorochemicals. Latest information on market risks, industry chain structure fluorochemicals cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential fluorochemicals growth factors. The global fluorochemicals market is projected to grow at a CAGR of 5.5% over the forecast period of 2018-2024.
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Rapidly Growing Demand of Air Conditioning and Refrigeration Systems in the Industrial, as well as Domestic Sectors, Drives the Growth of Fluorochemicals Market
Rapidly growing demand for air conditioning and refrigeration systems in the industrial, as well as domestic sectors, drives the growth of fluorochemicals market worldwide. In addition, the use of fluorochemicals in the various industries such as HVAC (heating, ventilation, and air-conditioning) industry, food and beverages industry, construction and pharmaceutical industry are rising which likely to boost the growth of fluorochemicals market. However, some fluorochemicals are responsible for the degradation of the ozone layer, so as thus several countries government are taking strict measure to reduce the greenhouse emission that is expected to be the restraining factor for the growth of fluorochemicals market over the forecast period. Moreover, rising demand for aluminum products from various industries such as automotive and aeronautics construction, electronics and others is projected to create several opportunities in upcoming years.
Air conditioning and refrigeration application segment are expected to dominate the market of fluorochemicals over the forecast period. The rising demand for air conditioning and refrigeration from various industries including automotive, pharmaceuticals, healthcare, construction and chemicals are contributing to the growth of fluorochemicals market across all over the globe.
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Asia-Pacific Accounts for the Largest Market Share in the Fluorochemicals Market
Asia-pacific accounts for the largest market share in the fluorochemicals market. Fluorochemicals are used in the applications such as aluminum production, food, and beverages, plastic foams, refrigerants, etc. across various industries that lead to the increasing demand of Fluorochemicals among Asia Pacific region is likely to boost the growth of fluorochemicals market in Asia-pacific region. The growing industrialization is projected to create several opportunities for fluorochemicals in Asia-pacific region over the forecast period.
Organic and Inorganic Growth Strategies to Remain Key Strategies of the Leading Players
DuPont Inc, Daikin, Solvay SA, Asahi Glass, Arkema, Honeywell, Dongyue, Pelchem, Mitsui Chemicals Inc. and Air Products & Chemicals Inc. are the major players in the remote weapon station market. These Companies are looking forward to organic as well as non-organic growth opportunities in order to gain competitive advantage among its peer.
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Report Findings
1. Drivers
- Rapidly Growing Demand for Air Conditioning and Refrigeration Systems in the Industrial as well as Domestic Sectors.
- Growing Use of Fluorochemicals in the Various Industries.
2. Restraints
- Strict Government Regulations in Developed Economies.
3. Opportunities
- Increase Adoption of Fluorochemical in Aluminium Production.
