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Global fluorochemicals demand to reach 3.8 mn MT in 2018

While India will be the fastest growing market for fluorochemicals, China will continue to be the largest market in 2018, says a Freedonia Group's new report

BS B2B Bureau  |  Cleveland, Ohio 

Supermarket image via Shutterstock.

India will be the fastest growing market for fluorochemicals globally, while China will be the largest market in 2018, according to the Freedonia Group’s new report, ‘World Fluorochemicals’. “China will continue to be the largest and one of the fastest growing markets for fluorochemicals, accounting for over 40 percent of global volume demand in 2018. Only India will experience faster growth, although from a much smaller base,” said Freedonia in a release. The global demand for fluorochemicals is forecast to accelerate, rising 3.8 percent per year to 3.8 million metric tonnes (MT) in 2018 compared to 3.16 million MT in 2013.
 
In general, developing countries are expected to see faster growth in fluorochemicals demand as healthy economic growth drives rising commercial and household refrigeration penetration rates and countries increasingly adopt more advanced manufacturing technologies that employ fluoropolymers. Demand growth in North America will rebound due to healthy advances in the automotive industry and an improving housing market in the US.
 
According to the Freedonia report, above average growth in higher value products will help drive increases in value demand more than seven percent annually to $ 25 billion. Environmental regulations will continue to be the strongest force acting on the industry, shaping demand in both positive and negative ways.
 
While regulations and consumer concerns have reduced demand for some fluorine-based products, particularly ozone-depleting fluorocarbons, they have also opened up opportunities for products such as newer fluorocarbons with low global warming potential. China is the largest fluorochemical market in the world and produces over half of global output, benefitting from its strong position in the raw material fluorspar. While fluoropolymers are the smallest product in volume terms, they account for a disproportionate share of market value due to their higher average prices, says the Freedonia report.
 
“The fluorocarbons market remains the most dynamic sector of the fluorochemical industry for two reasons: first, the evolving regulations aimed at protecting the ozone layer and reducing global warming, and, second, a sharp contrast in the outlook between developed and developing countries,” stated analyst Ryan Sullivan. In developed countries, the phaseout of HCFCs is nearly complete, with most end users switching to HFCs. However, even HFCs now face restrictions due to their global warming potential (GWP), with new laws in developed countries expected to limit future demand. 

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First Published: Wed, October 22 2014. 12:11 IST
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Global fluorochemicals demand to reach 3.8 mn MT in 2018

While India will be the fastest growing market for fluorochemicals, China will continue to be the largest market in 2018, says a Freedonia Group's new report

While India will be the fastest growing market for fluorochemicals, China will continue to be the largest market in 2018, says a Freedonia Group's new report India will be the fastest growing market for fluorochemicals globally, while China will be the largest market in 2018, according to the Freedonia Group’s new report, ‘World Fluorochemicals’. “China will continue to be the largest and one of the fastest growing markets for fluorochemicals, accounting for over 40 percent of global volume demand in 2018. Only India will experience faster growth, although from a much smaller base,” said Freedonia in a release. The global demand for fluorochemicals is forecast to accelerate, rising 3.8 percent per year to 3.8 million metric tonnes (MT) in 2018 compared to 3.16 million MT in 2013.
 
In general, developing countries are expected to see faster growth in fluorochemicals demand as healthy economic growth drives rising commercial and household refrigeration penetration rates and countries increasingly adopt more advanced manufacturing technologies that employ fluoropolymers. Demand growth in North America will rebound due to healthy advances in the automotive industry and an improving housing market in the US.
 
According to the Freedonia report, above average growth in higher value products will help drive increases in value demand more than seven percent annually to $ 25 billion. Environmental regulations will continue to be the strongest force acting on the industry, shaping demand in both positive and negative ways.
 
While regulations and consumer concerns have reduced demand for some fluorine-based products, particularly ozone-depleting fluorocarbons, they have also opened up opportunities for products such as newer fluorocarbons with low global warming potential. China is the largest fluorochemical market in the world and produces over half of global output, benefitting from its strong position in the raw material fluorspar. While fluoropolymers are the smallest product in volume terms, they account for a disproportionate share of market value due to their higher average prices, says the Freedonia report.
 
“The fluorocarbons market remains the most dynamic sector of the fluorochemical industry for two reasons: first, the evolving regulations aimed at protecting the ozone layer and reducing global warming, and, second, a sharp contrast in the outlook between developed and developing countries,” stated analyst Ryan Sullivan. In developed countries, the phaseout of HCFCs is nearly complete, with most end users switching to HFCs. However, even HFCs now face restrictions due to their global warming potential (GWP), with new laws in developed countries expected to limit future demand. 
image
Business Standard
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Global fluorochemicals demand to reach 3.8 mn MT in 2018

While India will be the fastest growing market for fluorochemicals, China will continue to be the largest market in 2018, says a Freedonia Group's new report

India will be the fastest growing market for fluorochemicals globally, while China will be the largest market in 2018, according to the Freedonia Group’s new report, ‘World Fluorochemicals’. “China will continue to be the largest and one of the fastest growing markets for fluorochemicals, accounting for over 40 percent of global volume demand in 2018. Only India will experience faster growth, although from a much smaller base,” said Freedonia in a release. The global demand for fluorochemicals is forecast to accelerate, rising 3.8 percent per year to 3.8 million metric tonnes (MT) in 2018 compared to 3.16 million MT in 2013.
 
In general, developing countries are expected to see faster growth in fluorochemicals demand as healthy economic growth drives rising commercial and household refrigeration penetration rates and countries increasingly adopt more advanced manufacturing technologies that employ fluoropolymers. Demand growth in North America will rebound due to healthy advances in the automotive industry and an improving housing market in the US.
 
According to the Freedonia report, above average growth in higher value products will help drive increases in value demand more than seven percent annually to $ 25 billion. Environmental regulations will continue to be the strongest force acting on the industry, shaping demand in both positive and negative ways.
 
While regulations and consumer concerns have reduced demand for some fluorine-based products, particularly ozone-depleting fluorocarbons, they have also opened up opportunities for products such as newer fluorocarbons with low global warming potential. China is the largest fluorochemical market in the world and produces over half of global output, benefitting from its strong position in the raw material fluorspar. While fluoropolymers are the smallest product in volume terms, they account for a disproportionate share of market value due to their higher average prices, says the Freedonia report.
 
“The fluorocarbons market remains the most dynamic sector of the fluorochemical industry for two reasons: first, the evolving regulations aimed at protecting the ozone layer and reducing global warming, and, second, a sharp contrast in the outlook between developed and developing countries,” stated analyst Ryan Sullivan. In developed countries, the phaseout of HCFCs is nearly complete, with most end users switching to HFCs. However, even HFCs now face restrictions due to their global warming potential (GWP), with new laws in developed countries expected to limit future demand. 

image
Business Standard
177 22