Global Fluorochemicals Market to Reach USD 36.9 Billion by 2033, Bolstered by Increasing Demand from Commercial Refrigeration Industry

January 02, 2025 | Chemical & Materials

According to the latest report by IMARC Group, titled “Fluorochemicals Market Report by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), End Use (Electrical and Electronics, Petrochemicals, Chemicals, Aerospace, and Others), and Region 2025-2033," the global fluorochemicals market reached a value of USD 25.3 Billion in 2024. Fluorochemicals are synthetically produced, fluorine-containing chemical compounds with water and oil-repellent properties. Fluorocarbons, fluoropolymers, gases, inorganic chemicals, and specialty organics are some commonly used fluorochemicals. They are extensively utilized as refrigerants, propellants, solvents, and additives in lubricants, coatings, and papermaking. Fluorochemicals are also used to produce aluminum, foam, surfactant, insulation boards, and sandwich panels. They exhibit several properties, such as flame retardancy, low weatherability, high lubricity, and resistance to heat, chemicals, and ultraviolet (UV) rays. Fluorochemicals are also electrically stable and less susceptible to high frequencies due to the low dielectric constant.

Global Fluorochemicals Market Trends:

The increasing product demand from the commercial refrigeration industry is one of the key factors driving the market growth. Fluorochemicals are widely used to manufacture refrigerants, such as chlorofluorocarbons (CFCs), hydrofluorocarbons (HFCs), and hydrochlorofluorocarbons (HCFCs) for applications in refrigeration equipment, heat, ventilation, and air-conditioning (HVAC), and defrost systems. Furthermore, the widespread product utilization in the automotive industry to manufacture automobile sensors and components for internal combustion engines (ICE), such as turbocharger hose, crankshaft seal, and intake manifold gasket, is acting as another growth-inducing factor. Additionally, the increasing adoption of fluoropolymer to produce membranes for hydrogen fuel cells due to its high stability, durability, and heat resistance is providing an impetus to the market growth. Moreover, the rising product demand in the construction industry to provide anti-corrosion and UV resistance properties to architectural membranes and coatings, caulks, and wire and cable is creating a positive outlook for the market. Other factors, including the increasing employment of fluorochemicals in the healthcare industry for medical implants, extensive research and development (R&D) activities, widespread adoption in renewable energy applications, and increasing product incorporation in printed circuit boards, touch panels, and foldable displays, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach USD 36.9 Billion by 2033, exhibiting a CAGR of 4.08% during 2025-2033.

Market Summary:

  • On the basis of the type, the market has been divided into fluorocarbons, fluoroelastomers, fluoropolymers, inorganics, and others.
  • Based on the application, the market has been categorized into surfactants, propellants, aluminum production, refrigerant, automobile, agrochemicals, and others.
  • On the basis of the end use, the market has been classified into electrical and electronics, petrochemicals, chemicals, aerospace, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others) Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.


Report Scope:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Type, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, AGC Inc., Arkema S.A., Daikin Industries Ltd., DIC Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Honeywell International Inc., Maflon S.p.a., Pelchem SOC Ltd (Necsa Soc Ltd), Solvay S.A., SRF Limited and The Chemours Company.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Fluorochemicals Market to Reach USD 36.9 Billion by 2033, Bolstered by Increasing Demand from Commercial Refrigeration Industry
Purchase Options New Year Sale
Benefits of Customization
  • Personalize this research
  • Triangulate with your data
  • Get data as per your format and definition
  • Gain a deeper dive into a specific application, geography, customer, or competitor
  • Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials