According to the latest report published by Credence Research, Inc. “Global Fluorinated Solvents Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Fluorinated Solvents market expected to grow at the CAGR of 5.8% from 2018 to 2026.
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Market Insights
Manufacturers now a days are shifting towards new products formulated with hydro chlorofluorocarbons (HCFC), hydrofluorocarbons (HFCs), hydrofluoroethers (HFEs), perfluorocarbons (PFCs), and perfluoropolyethers (PFPEs) as these partially and fully fluorinated compounds are being used as solvent replacements for Class I and Class II ODS because they exhibit zero ozone depletion potential. Moreover, these solvents are also preferred owing to properties such as non-flammability, minimal global warming potential, high solvency with other oils and fluids, and good compatibility with different plastics, elastomers, substrates and metals.
Fluorinated solvents are the ideal substitutes of chlorinated and brominated solvents as these solvents offers various advantages over chlorinated and brominated solvents while meeting regulatory compliance form most of the regulatory bodies. Moreover, low-odor and nonflammable properties of these chemicals contribute to a safer workplace environment thus leading to less government regulation and lower compliance costs. Fluorinated solvents are being increasingly perceived as a highly preferred choice by end use industries who have been focusing to protect the health and safety of their employees without affecting either performance or profitability.
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Fluorinated solvents are also known to have multiple desirable characteristics such as being a non-explosive type of cleaning solvent, demonstrating high solvency strength, rapid evaporation ability, and lower surface tension. Fluorinated solvents also have a low boiling point, low surface tension, non-requirement for tests for acid acceptance and no requirement need for stabilizer additives. Use of fluorinated solvents also translates into minimal non-volatile residue.
Based on the type, HFCs dominated the fluorinated solvents market in 2017. Whereas, HFEs expected to register the fastest CAGR during the forecast period. Electronics cleaning led the market in terms of value and volume consumption of fluorinated solvents market by application in 2017.
Based on region, Asia-Pacific was the largest regional market in 2017 by value and volume. Economies such as China, Japan, and India driving the Asia-Pacific fluorinated solvents market owing to rising disposable income, strong economic growth, and surge in electronics and electronic components production in these economies propelling the demand for fluorinated solvents in the region. Asia-Pacific was also identified as the fastest growing region during the forecast period.
North America and Europe closely follows Asia-Pacific region with the marginally less market share in 2017. Regulatory bodies across the globe especially in developed economies such as North America and Europe have targeted few conventional solvents such as HCFCs and HFCs for phasing out in a specific time period or at least scrutinizing their harmful effects for a phase out consideration, or have been totally banning their use.
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Key manufacturers of fluorinated solvents operating in the market include Enviro Tech International, Inc., The Chemours Company, Solvay SA, 3M, Honeywell International, Electrotube, and AGC Chemicals among others.
TOC :
Chapter 3 Market Overview 25
3.1 Introduction 25
3.2 Market Dynamics 26
3.2.1 Market Drivers 26
3.2.1.1 Increasing Cleaning Application in Several Industries Driving the Demand for Fluorinated Solvents Market Across The Globe 26
3.2.1.2 Driver 2 27
3.2.2 Challenges 28
3.2.2.1 Challenge 1 28
3.2.2.2 Challenge 2 29
3.2.3 Opportunities 30
3.2.3.1 Opportunity 1 30
3.2.3.2 Opportunity 2 31
3.3 Attractive Investment Proposition, by Geography, 2017 32
3.4 Competitive Landscape: Market Positioning of Key Players, 2017 33
Chapter 4 Global Fluorinated Solvents Market, by Type 34
4.1 Overview 34
4.1.1 Global Fluorinated Solvents Market Value Share, by Type, 2017 & 2026 (Value, %) 35
4.1.2 Global Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 35
4.2 CFCs 37
4.2.1 Global Fluorinated Solvents Market, by CFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 37
4.3 HCFCs 38
4.3.1 Global Fluorinated Solvents Market, by HCFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
4.4 HFCs 39
4.4.1 Global Fluorinated Solvents Market, by HFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
4.5 HFEs 40
4.5.1 Global Fluorinated Solvents Market, by HFEs, 2016 – 2026 (Kilo Ton) (US$ Mn) 40
4.6 HFOs 41
4.6.1 Global Fluorinated Solvents Market, by HFOs, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
4.7 Others (HCFOs, PFCs, etc.) 42
4.7.1 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 42
Chapter 5 Global Fluorinated Solvents Market, by Application 43
5.1 Overview 43
5.1.1 Global Fluorinated Solvents Market Value Share, by Application, 2017 & 2026 (Value, %) 44
5.1.2 Global Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 44
5.2 Electronic Cleaning 46
5.2.1 Global Fluorinated Solvents Market, by Electronic Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
5.3 Metal Cleaning 47
5.3.1 Global Fluorinated Solvents Market, by Metal Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
5.4 Precision Cleaning 48
5.4.1 Global Fluorinated Solvents Market, by Precision Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
5.5 Heat Transfer 49
5.5.1 Global Fluorinated Solvents Market, by Heat Transfer, 2016 – 2026 (Kilo Ton) (US$ Mn) 49
5.6 Others (film deposition, lubricant carrier, etc.) 50
5.6.1 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 50
Chapter 6 Global Fluorinated Solvents Market, by Geography 51
6.1 Overview 51
6.1.1 Global Fluorinated Solvents Market Value Share, by Geography, 2017 & 2026 (Value %) 52
6.1.2 Global Fluorinated Solvents Market, by Geography 2016 – 2026 (Kilo Ton) (US$ Mn) 52
6.2 North America 54
6.2.1 North America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 54
6.2.2 North America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 55
6.2.3 North America Fluorinated Solvents Market, by Country (Kilo Ton) (US$ Mn) 56
6.3 Europe 57
6.3.1 Europe Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 57
6.3.2 Europe Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 58
6.3.3 Europe Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 59
6.4 Asia-Pacific 60
6.4.1 Asia-Pacific Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 60
6.4.2 Asia-Pacific Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 61
6.4.3 Asia-Pacific Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 62
6.5 Latin America 63
6.5.1 Latin America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 63
6.5.2 Latin America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 64
6.5.3 Latin America Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 65
6.6 Middle East & Africa 66
6.6.1 Middle East & Africa Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 66
6.6.2 Middle East & Africa Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 67
6.6.3 Middle East & Africa Fluorinated Solvents Market, by Region (Kilo Ton) (US$ Mn) 68
Chapter 7 Company Profiles 69
7.1 Enviro Tech International, Inc. 69
7.2 The Chemours Company 71
7.3 Solvay SA 73
7.4 3M 75
7.5 Honeywell International 77
7.6 AGC Chemicals 79
7.7 Arkema SA 81
7.8 The Dow Chemical Company 83
7.9 Vantage Specialty Chemicals Ltd. 85
7.10 Electrotube 87
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