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Analysis Of The Global Fluorine Chemical Market

Jan 25, 2018

The global demand for fluorine chemical products will grow at a rate of 3.9% per year, reaching 3 million 500 thousand tons by 2016. The main reasons for its growth include the increase in production of global refrigeration and air conditioning equipment and the rapid growth of the production of raw aluminum. Of course, the fluorine chemical industry is also facing many challenges. The first is the main raw material, such as fluorite, China is the world's largest supplier, currently its production is limited. Another challenge is the fluorocarbons environmental regulations, global and national regulations so that the products continue to be replaced or eliminated. Finally, the competition with the substitute products is becoming more and more intense, especially the commercial refrigeration and foaming industry, which have brought great pressure to the development of the fluorine chemical industry.

In fluorocarbon industry, to 2016, the growth rate is only slightly lower overall growth rate of fluorine chemical industry. Of course, there is a big difference in every kind of product. According to the requirements of the Montreal protocol, the developed countries have reached the final stage of eliminating ODS substance HCFCs, and developing countries will also begin to cut them in 2015. Thus, by 2016, the demand for HCFC will continue to decline. For the HFC market, the 10 years from 2001 to 2011 grew rapidly and will continue to become an important substitute for HCFCs products in developing countries. However, because of the high GWP value of HFCs, it restricts its demand, especially in Western Europe, the low GWP value HFO product has become an important component of the market. For other fluorine chemicals, the demand for fluoropolymer products is increasing rapidly due to the expansion of demand for high-performance materials in automotive engines, chemical processes, electronics and coating market. Fluorine resin products have not been widely used in many parts of the world, which has brought great space to the growth of the market. Because of the rapid growth of global aluminum products, by 2016, the growth of inorganic and special fluorine products will be close to the average level of the whole industry. In addition, the increase in production of semiconductors, batteries and other electronic components will promote the demand for special gases and other high value fluorine chemical products.

The Asia Pacific region will continue to become the largest market for fluorine chemical industry, which will account for more than half of the global demand in 2016 and will develop at a high speed. China will continue to gain more benefits from the fluorine chemical industry, and it will also become the largest market in the world, followed by India. Thanks to the rapid expansion of the aluminum industry, the demand for aluminum fluoride is growing, and some small countries in Eastern Europe and the African / Middle East markets will benefit. In the long term trend, though they are experiencing a decline during the 2006 -2011, the current demand is increasing. But by 2016, the share of global fluorine chemical market in the US, Western Europe and Japan will shrink.