Fluorochemical Market Insights, Worldwide, 2014-2024 - Contribution in R&D Activities to Expand the Application of Fluorochemical Methods

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Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.The Global Fluorochemical Market was valued at USD 24,603.52 Million with Global production volume of 4,210 thousand tonnes during the year 2018.The reasons for the growth of Fluorochemical market is the thermal efficiency and chemical resistance property of Fluorochemical which have led to increase in the market size of Fluorochemicals. The increase in population coupled with the changes in the climate leads to enhancement in the demand for air conditioners and refrigerators. This will drive the global Fluorochemical market as fluorochemicals are used in cooling mechanism of refrigerators and air conditioners. 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.The market is primarily driven by increasing demand for refrigerants, expansion of infrastructure, role of agriculture sector and role of pharmaceutical sector. Among the regions, Asia-Pacific region holds the largest market of Fluorochemical and is estimated that it will continue to dominate the market share in the forecast period.Global Fluorochemical Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)

Regional Fluorochemical Market - North America, Europe, Asia Pacific, Rest of World (Actual Period: 2014-2018, Forecast Period: 2019-2024)

Country Analysis - United States, Canada, France, Germany, Italy, Spain, India, China, Japan, South Korea (Actual Period: 2014-2018, Forecast Period: 2019-2024)

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Globe Newswire: 15:38 GMT Tuesday 3rd December 2019

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