The fluorohydrocarbon market is projected at US$28.500 billion in 2025 and is expected to reach US$36.567 billion by 2030, growing at a CAGR of 5.11%.
The market is witnessing continued product innovation and increasing investment in the production of fluorohydrocarbon as companies strive to meet evolving consumer demands.— KSI
NEW YORK, NY, UNITED STATES, January 23, 2025 /
EINPresswire.com/ -- A new analysis report on
the fluorohydrocarbon market, which is forecasted between 2025 and 2030, has been published by Knowledge Sourcing Intelligence projecting the market at US$28.500 billion in 2025 and recording an impressive CAGR of 5.11% till 2030.
The fluorohydrocarbon market consists of fluorocarbons, HCFC, HFC, inorganic chemicals, fluoroelastomers, and others, having applications across various sectors such as refrigerators, air conditioning, production of aluminium, blowing agents, and others.
The demand for fluorohydrocarbon is increasing due to its growing use in various end-use industries. The increasing market of semiconductors is leading to growth in the market as it uses a variety of fluorohydrocarbon global warming-potential (GWP) gases to create intricate circuitry patterns upon
silicon wafers and to rapidly clean
chemical vapor deposition (CVD) tool chambers. Also, the rising number of data centers across the world due to increasing digital services is driving the market.
The market is witnessing continued product innovation and increasing investment in the production of fluorohydrocarbon as companies strive to meet evolving consumer demands. For example, in September 2024, FluoRok, an Oxford-based start-up, raised £7.7m to scale up, manufacture, and commercialize novel fluorochemical reagents and battery electrolyte salts. The funding was led by BGF alongside the Green Generation Fund, including battery specialist Volta Energy Technologies, Oxford Science Enterprises and University of Oxford, Excellis Holding, and angels.
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https://www.knowledge-sourcing.com/report/fluorohydrocarbon-market
The fluorohydrocarbon market by product is segmented into Fluorocarbons, HCFC, HFC And Others, Inorganic Chemicals, Fluoroelastomers, and Others. Fluorocarbons are made up of carbon and fluorine which is generally used in applications like refrigerators, propellants, and others. HCFCs are hydrochlorofluorocarbons that are increasingly being used in place of CFCs due to growing concern over ozone depletion. HFC refers to hydrochlorocarbons that are used in refrigeration, aerosols, and air conditioning among others, driven by the demand for products that don’t have harmful effects on ozone. During the forecast period, the HFC segment will be growing significantly due to growing demand for products that have less impact on ozone. The growing environmental regulations are driving its demand.
The fluorohydrocarbon market by application is segmented into refrigerators, aluminium production, blowing agents, and others. In the refrigerators segment, fluorohydrocarbon is extensively used. The fluorohydrocarbon acts as a heat absorbent of the interior of the refrigerator and helps maintain its temperature. Fluorohydrocarbon is used in the production of aluminium as fluxes during the process of aluminium production. The growing demand for aareminium due to increasing trajectories in its end-user industries is driving the market growth. Fluorohydrocarbons are also used as blowing agents. It provides information on foamed plastics which have applications in the market of building and construction for insulation. During the forecast period, the refrigerators segment will continue to dominate the market share due to the large demand for fluorohydrocarbon in refrigerators.
Based on geography, the Asia Pacific region is expected to see the fastest growth in the fluorohydrocarbon market due to increasing applications in consumer electronics and the automobile sector. North America is expected to have a significant share in the fluorohydrocarbon market due to the production of refrigerants, aluminium, and others.
The report includes the major players operating in the fluorohydrocarbon market: 3M, DuPont, DAIKIN INDUSTRIES, Ltd., Solvay, Arkema, Merck KGaA, Hindustan Fluorocarbons Limited, INOXGFL Group, Halocarbon, LLC, Chemours, Koura, Honeywell Fluorine Products.
The market analytics report segments the fluorohydrocarbon market as follows:
• By Product
o Fluorocarbons
o HCFC
o HFC And Others
o Inorganic Chemicals
o Fluoroelastomers
o Others
• By Application
o Refrigerants
o Aluminum Production
o Blowing Agents
o Others
• By Geography
• North America
o USA
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Others
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Middle East and Africa
o Saudi Arabia
o UAE
o Israel
o Others
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Taiwan
o Others
Companies Profiled:
• 3M
• DuPont
• DAIKIN INDUSTRIES, Ltd.
• Solvay
• Arkema
• Merck KGaA
• Hindustan Fluorocarbons Limited
• INOXGFL Group
• Halocarbon, LLC
• Chemours
• Koura
• Honeywell Fluorine Products
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