The fluorohydrocarbon market is expected to grow at a CAGR of 5.11%, reaching a market size of US$36.567 billion in 2030 from US$28.498 billion in 2025.
The increased use of fluorohydrocarbon in multiple sectors has created an increased demand for the substances. For instance, HFO-1,234ze(E) is used for the heat pumps at a data center to provide cooling for the data center and utilize the waste heat. Further, the district heating and cooling systems use the fluorocarbon refrigerants HFCs and HFOs for improved energy efficiency and reduced GHG emissions. The heat pumps use HFC, HFC/HFO blends, and HFO for safety.
Other applications included in the manufacturing of semiconductors, use in magnesium casting, electronics manufacturing, etc. With the increased industrialization and manufacturing processes in the developing regions of Asia-Pacific, Middle East, and Africa fluorochemicals are essential in meeting the rising production demands.
The Asia-Pacific region is expected to see the fastest growth in the fluorohydrocarbon market due to increasing applications in consumer electronics and the automobile sector here. In India, from 2022 to 2023, the export of white goods such as refrigerators, freezers, and other refrigerating equipmentaccounted for US$40.97 million.
North America is expected to have a significant share in the fluoro hydrocarbon market due to the production of refrigerants, aluminum, and others. U.S. semiconductor fab capacity would likely increase by 203% from 2022-2032, a tripling of U.S. capacity. These hikes in the industries would lead to the fluorohydrocarbon market expansion.
The increased use of fluorohydrocarbon in multiple sectors has created an increased demand for the substances. For instance, HFO-1,234ze(E) is used for the heat pumps at a data center to provide cooling for the data center and utilize the waste heat. Further, the district heating and cooling systems use the fluorocarbon refrigerants HFCs and HFOs for improved energy efficiency and reduced GHG emissions. The heat pumps use HFC, HFC/HFO blends, and HFO for safety.
Other applications included in the manufacturing of semiconductors, use in magnesium casting, electronics manufacturing, etc. With the increased industrialization and manufacturing processes in the developing regions of Asia-Pacific, Middle East, and Africa fluorochemicals are essential in meeting the rising production demands.
Fluorohydrocarbon market drivers
Increasing demand from semiconductor manufacturing
Semiconductor manufacturers use a variety of fluorohydrocarbon global warming-potential (GWP) gases to create intricate circuitry patterns upon silicon wafers and to rapidly clean chemical vapor deposition (CVD) tool chambers. The manufacture of high-volume and advanced semiconductors requires using fluorinated chemicals known as Per- and polyfluoroalkyl substances (PFAS). PFAS are used due to their low surface tension and compatibility with other chemicals. These perfluorocarbons are: CF4, C2F6 and C3F8, hydrofluorocarbons such as CHF3, CH3F and CH2F2, nitrogen trifluoride (NF3) and sulfur hexafluoride (SF6). As the application and demand for the semiconductor industries are growing, the need for the fluorohydrocarbon would also expand for the application.Fluorohydrocarbon market geographical outlook
The Fluorohydrocarbon market is segmented into five regions worldwide
By geography, the fluorohydrocarbon market is segmented into North America, South America, Europe, theMiddle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.The Asia-Pacific region is expected to see the fastest growth in the fluorohydrocarbon market due to increasing applications in consumer electronics and the automobile sector here. In India, from 2022 to 2023, the export of white goods such as refrigerators, freezers, and other refrigerating equipmentaccounted for US$40.97 million.
North America is expected to have a significant share in the fluoro hydrocarbon market due to the production of refrigerants, aluminum, and others. U.S. semiconductor fab capacity would likely increase by 203% from 2022-2032, a tripling of U.S. capacity. These hikes in the industries would lead to the fluorohydrocarbon market expansion.
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- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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The fluoro hydrocarbon market is segmented and analyzed as follows:
By Product
- Fluorocarbons
- HCFC
- HFC And Others
- Inorganic Chemicals
- Fluoroelastomers
- Others
By Application
- Refrigerants
- Aluminum Production
- Blowing Agents
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. FLUOROHYDROCARBON MARKET BY PRODUCT
6. FLUOROHYDROCARBON MARKET BY APPLICATION
7. FLUOROHYDROCARBON MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- 3M
- DuPont
- DAIKIN INDUSTRIES, Ltd.
- Solvay
- Arkema
- Merck KGaA
- Hindustan Fluorocarbons Limited.
- INOXGFL Group
- Halocarbon, LLC
- Chemours
- Koura
- Honeywell Fluorine Products
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 140 |
Published | November 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 28.5 Billion |
Forecasted Market Value ( USD | $ 36.57 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |