PUBLISHER: The Business Research Company | PRODUCT CODE: 1704372
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704372
Fluorochemicals encompass a diverse category of compounds where fluorine atoms are bonded to carbon atoms. These chemicals are recognized for their exceptional properties including high stability, resistance to heat and chemical reactions, and low surface energy, making them valuable across numerous applications.
The primary types of fluorochemicals include fluorocarbons, fluoroelastomers, fluoropolymers, inorganics, and others. Fluorocarbons specifically consist of carbon and fluorine atoms, renowned for their chemical inertness, non-flammability, and low surface tension. They find application in various industries such as surfactants, propellants, aluminum production, refrigerants, automotive, agrochemicals, and others. End-users benefiting from fluorochemicals span electrical and electronics, petrochemicals, chemicals, aerospace, and beyond.
The fluorochemicals market research report is one of a series of new reports from The Business Research Company that provides fluorochemicals market statistics, including fluorochemicals industry global market size, regional shares, competitors with a fluorochemicals market share, detailed fluorochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the fluorochemicals industry. This fluorochemicals market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fluorochemicals market size has grown strongly in recent years. It will grow from $26.86 billion in 2024 to $28.7 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to climate change mitigation efforts, industrial coatings and surface treatments, medical and pharmaceutical advancements, the development of fluoropolymers, refrigeration, and air conditioning demand.
The fluorochemicals market size is expected to see strong growth in the next few years. It will grow to $36.93 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to shifts in consumer preferences towards eco-friendly alternatives, fluctuations in energy prices impacting production costs, government regulations on environmental standards and emissions, geopolitical factors affecting trade dynamics and supply chain stability, and global demand in key industries. Major trends in the forecast period include the use of fluorochemicals in industrial coatings and surface treatments, advancements in chemical synthesis, increasing investment in research and development for next-generation fluorochemical solutions, technological advancements driving innovation in fluorinated materials, and advancements in air conditioning and refrigeration.
The fluorochemical market is poised for growth, driven by increasing demand for refrigerants used in refrigeration systems. Refrigerants are essential substances that facilitate heat transfer and cooling in refrigeration systems by absorbing and releasing heat as they transition from liquid to gas states. The growing demand for refrigerants is primarily fueled by the rising necessity for air conditioning and refrigeration across various sectors, spurred by urbanization, industrialization, and evolving climatic conditions. Fluorochemicals are favored as refrigerants due to their efficient heat transfer capabilities, stability, and safety attributes. They play a pivotal role in modern cooling and refrigeration systems across diverse applications, with ongoing advancements focused on minimizing their environmental impact. For instance, a report from the United States Environmental Protection Agency in November 2023 highlighted a more than 40% increase in the total volume of hydrofluorocarbon refrigerants compared to 2021, underscoring the market's expansion. Additionally, data from the International Institute of Refrigeration revealed that Australia's refrigeration and air conditioning equipment stock reached 60.0 million units in 2021, up from 58.1 million in 2020. In summary, the escalating demand for refrigerants is a significant driver propelling the growth of the fluorochemical market.
Major companies in the fluorochemicals market are concentrating on developing innovative products such as fluorinated synthetic rubbers to enhance performance characteristics and address varied industrial needs. Fluorinated synthetic rubbers are elastomers that have been chemically modified with fluorine atoms to enhance their resistance to heat, chemicals, and solvents. This modification makes them well-suited for applications requiring exceptional durability and performance in demanding environments. For example, in April 2023, Solvay S.A., a chemical company based in Belgium, introduced Tecnoflon SHP, a fully fluorinated synthetic rubber engineered to deliver outstanding performance in harsh industrial settings. This new product line features rubbers with top-tier chemical resistance and the highest heat resistance among all elastomers. Tecnoflon SHP offers superior resistance to fluids and chemicals commonly encountered in industries such as oil and gas and chemical processing. It exhibits heat stability up to 315 °C and remains flexible even at temperatures as low as -30 °C.
In August 2022, Evotec SE, a Germany-based biotechnology company specializing in drug discovery and development, acquired Central Glass Germany GmbH for an undisclosed amount. This acquisition enables Evotec SE to strengthen its manufacturing capabilities for rare diseases and precision therapeutics, establishing a prominent center for drug substance development in Europe. Central Glass Germany GmbH is a Germany-based manufacturer that supplies fluorochemicals to industries such as electronics and pharmaceuticals in Europe.
Major companies operating in the fluorochemicals market are Mitsui Chemicals Inc., 3M Company, Daikin Industries Ltd., Solvay SA, Asahi Glass Co. Ltd., AGC Inc., E.I. du Pont de Nemours and Company, Air Products and Chemicals Inc., Arkema SA, Mexichem S.A.B. de C.V., DIC Corporation, The Chemours Company, Dongyue Group Limited, SRF Limited, Central Glass Co. Ltd., Gujarat Fluorochemicals Limited, Navin Fluorine International Limited, James Walker Group Ltd., Dynax Corporation, Precision Polymer Engineering Ltd., Halocarbon Products Corporation, Pelchem SOC Ltd., Shanghai 3F New Materials Company Limited, Shandong Dongyue Chemical Co. Ltd., Sinochem Lantian Co. Ltd., Zhejiang Juhua Co. Ltd.
North America was the largest region in the fluorochemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fluorochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fluorochemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fluorochemicals market consists of sales of fluorinated intermediates, fluorinated lubricants, fluorochemical surfactants, fluorinated solvents, and refrigerants. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fluorochemicals Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fluorochemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fluorochemicals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fluorochemicals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.