Fluorochemicals Market to Exceed Valuation of US$ 53.1 Bn by 2031

 Fluorochemicals Market: Introduction

Transparency Market Research delivers key insights on the global fluorochemicals market. In terms of revenue, the global fluorochemicals market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global fluorochemicals market.

The automobile industry is considered one of the most important industries driving the global economy. It is experiencing a gradual recovery from the COVID-19 impact. However, countries across the world, especially those in Asia Pacific, are witnessing significant increase in the demand for automobiles. This is likely to drive the fluorochemicals market at a significant pace during the forecast period.

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Fluorochemicals Market: Prominent Regions

Asia Pacific dominates the global fluorochemicals market. The market in the region is anticipated to expand at a CAGR of 7.4% during the forecast period. Asia Pacific held the major share of the market in 2020, owing to the presence of a large population and high economic growth rate of the region. End-use industries of refrigerants, aluminum production, medical, agriculture, and apparel, are performing well in the region. This is expected to boost the demand for fluorochemicals in Asia Pacific during the forecast period.

China is a large producer of raw materials required for fluorochemicals. Hence, Asia Pacific is also an important source of comparatively lower-priced products. China held a major share of the fluorochemicals market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

Europe is also a key region of the global fluorochemicals market. Germany led the fluorochemicals market in Europe in 2020. On the other hand, presence of a large number of automotive manufacturing companies and increase in the demand for refrigerants are estimated to drive the fluorochemicals market in the U.S. in North America.

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Fluorochemicals Market: Key Players

The global fluorochemicals products market was consolidated with the presence of key players. Prominent players operating in the global fluorochemicals market are DuPont de Nemours, Inc., DAIKIN INDUSTRIES, Ltd., Solvay SA, Asahi Glass Company, Arkema, Honeywell, Pelchem, Mitsui Chemicals Inc., The Chemours Company, and The 3M Company.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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