Organic Fluorochemicals Market

Organic Fluorochemicals Market Size

Global Organic Fluorochemicals Market is expected to reach over USD 15,000 million by 2024, growing at a CAGR of 3% between 2017 and 2024.

SUITE N202, FLORIDA, UNITED STATES, October 10, 2022 /EINPresswire.com/ -- The new report by Zion Market Research on the “𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐅𝐥𝐮𝐨𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, By Product Type (Aliphatic Compounds [HCFCs] and [HFCs], and Aromatic Compounds [Ring-Substituted], [Side-Chain Substituted], and [Fluorobenzene]), By Application (Automotive, Pharmaceuticals and Agrochemicals, Refrigeration, Steel, Blowing Agents, and Electronic Consumables) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024" has vast information about the market and its potential.

The global organic fluorochemicals market was valued at more than USD 12,000 million in the year 2016 and it is expected to reach over USD 15,000 million by 2024. The global organic fluorochemicals market is expected to exhibit a CAGR of more than 3% between 2017 and 2024. In terms of volume, the demand for organic fluorochemicals is expected to reach around 3,000 kilotons in 2024 growing at a CAGR of more than 3% during the forecast period.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲

Some of the key factors that are expected to fuel the growth of the global organic fluorochemicals market are increasing demand for HVAC and refrigeration systems, blowing agents, and applications in pharmaceuticals, healthcare, and automobile industries. Soaring global temperatures along with increasing demand for cold storage systems and climate control systems have boosted the demand for HVAC and refrigeration systems across the globe. However, hydrochlorofluorocarbons (HCFCs) lead to global warming and HCFCs are already being phased out in developed countries. Thus, increasing environmental concerns could hamper the growth of the global organic fluorochemicals market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞@https://www.zionmarketresearch.com/sample/organic-fluorochemicals-market

Our research analysts observed that organic fluorochemicals consisting of aliphatic compounds have a leading share and accounted for around 90% market share in 2016. The aliphatic compounds segment (HCFCs and HFCs) might observe a decline in demand owing to the impending and already enforced regulatory ban on the usage of this organic fluorochemical.

The organic fluorochemicals with aliphatic compounds in the global organic fluorochemicals market are further sub-segmented into hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs). Aromatic compounds in the global organic fluorochemicals market are sub-segmented into side-chain substituted, ring-substituted, and fluorobenzene. In 2016, the side-chain substituted compounds in the global organic fluorochemicals market held above a 70% share of aromatic compounds.

In the application segment of the global organic fluorochemicals market, refrigeration is showing its complete dominance. Organic fluorochemicals are broadly used for cooling and refrigeration purposes in ACs, refrigerators, HVAC systems, and cold storage centers amongst others. HFCs and HCFCs replaced CFCs as leading chemicals for the cooling and refrigeration purposes as CFCs were prohibited due to the danger caused to the ozone layer. In 2016, the pharmaceuticals, automotive, and agrochemicals applications in the global organic fluorochemicals market also contributed a major share.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞@https://www.zionmarketresearch.com/requestbrochure/organic-fluorochemicals-market

𝐓𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐠𝐢𝐨𝐧 𝐓𝐨 𝐃𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐞 𝐓𝐡𝐞 𝐑𝐚𝐩𝐢𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐈𝐧 𝐓𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐅𝐥𝐮𝐨𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The Asia Pacific region in the global organic fluorochemicals market is anticipated to be a rapidly growing region in the upcoming period. Japan, China, ASEAN, India, and South Korea are said to be the most important countries in the Asia Pacific region for the global organic fluorochemicals market. The North American region in the global organic fluorochemicals market is a relatively established region. This region in the global organic fluorochemicals market is projected to show huge growth in the upcoming period. In July 2018, Gujarat Fluorochemicals issued a corporate guarantee for Inox Wind Infrastructure Services.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐨𝐫𝐠𝐚𝐧𝐢𝐜 𝐟𝐥𝐮𝐨𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

𝐀𝐥𝐢𝐩𝐡𝐚𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐬
1. Hydrochlorofluorocarbons (HCFCs)
2. Hydrofluorocarbons (HFCs)
𝐀𝐫𝐨𝐦𝐚𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐬
1. Ring-Substituted
2. Side-Chain Substituted
3. Fluorobenzene

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Automotive
Pharmaceuticals and Agrochemicals
Refrigeration
Steel
Blowing Agents
Electronic Consumables

𝐑𝐞𝐚𝐝 𝐍𝐞𝐰𝐬@https://www.zionmarketresearch.com/news/organic-fluorochemicals-market

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬

1. What are the primary drivers that are fueling the expansion of the Organic Fluorochemicals Market?
2. During the years 2019-2025, what do you anticipate the value of the Organic Fluorochemicals Market to be?
3. Which region will contribute the most significantly to the total money generated by Organic Fluorochemicals Market?
4. Who are the important stakeholders who are contributing to the growth of the Organic Fluorochemicals Market?

𝐄𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐚𝐧𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐓𝐡𝐨𝐬𝐞 𝐘𝐞𝐭 𝐭𝐨 𝐂𝐨𝐦𝐞

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐨𝐟 𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐅𝐥𝐮𝐨𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬

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Kajal Rupnar
Zion Market Research
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kajal.r@marketresearchstore.com
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