Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22,381.5 Million | USD 28,156.7 Million | 3.9% | 2021 |
FrequentlyAsked Questions
Fluorochemicals are widely used in the medical and dentistry industries, as well as in chemical manufacturing. Fluorochemicals market demand will be driven by an increase in demand for refrigerators and cooling systems in the industrial and home sectors as a result of changes in lifestyle and an increase in refrigeration required for convenience food product storage.
According to the Market Research report, the Fluorochemicals Market market size was worth about 22,381.5 (USD million) in 2021 and is predicted to grow to around 28,156.7 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 3.9 percent.
Asia-Pacific has captured the largest market share and is expected to maintain its dominance during the analysis period. Rising HVAC system installations in infrastructure and autos may promote regional industry growth. Fluor Technology products are widely utilized in the architecture and construction industries to give anti-corrosion, high durability, and UV resistance qualities to materials such as architectural membranes and coatings, caulks, and wire and cable.
Some of the main competitors dominating the Fluorochemicals Market include - Arkema S.A, Daikin Industries, Ltd, DuPont, Dongyue Group Co., Ltd, Halocarbon Products Corporation, Honywell International, Inc, Pelchem SOC Ltd, Solvay SA, and The 3M Company.
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