Global Fluorochemical Market (Value, Volume): World Market Review By Product Type (Fluoro Carbon, Inorganic and Specialities), By Application, By End User Industry (2019 Edition)

Date: 1 December 2019

According to a research report published by Azoth Analytics in November 2019, the Fluorochemical Market was valued at USD 24,603.52 Million by value and 4,210 thousand tonnes by volume in the year 2018. Key factors driving the growth of the fluorochemical market are growing adoption of clean air systems in residential, commercial, and industrial installations and increasing installation of HVAC systems in automobiles. All these factors are expected to augment the market growth in the near future.

The expansion of infrastructure has increased commercial and residential construction resulting in the increased demand for HVAC systems in warehouses, stores, malls, households, and others. Moreover, there has been a significant increase in the demand for frozen products and fresh food, which require temperature-controlled storage units to maintain the optimum quality and for the preservation of the products.

Also, the new companies are entering the Fluorochemical market which would bring new innovation and new ways of doing things which would help the farmers in growing crops and producing more output.

According to the Azoth Analytics Research Report titled “Global Fluorochemical Market (Value, Volume): World Market Review By Product Type (Fluoro Carbon, Inorganic and Specialities), By Application, By End User Industry (2019 Edition)”, the Asia Pacific holds the major share in the Fluorochemical market because of rising installation of the HVAC (Heating, Ventilation and air conditioners) in the automobile sector thereby driving the growth of the Fluorochemical industry in the Asia Pacific region.
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