Fluorochemicals Market and Development Status 09-05-2024

Summary:The fluorine chemical industry will continue to grow rapidly in the future. Enterprises should grasp the market opportunities and strengthen technological innovation and product research and development in order to improve product quality and competitiveness and realize sustainable development.

 

In recent years, the fluorine chemical market has been expanding, showing remarkable economic status and market potential. As a major producer and consumer of fluorochemicals globally, the market size of China has exceeded 100 billion yuan, and this figure is still rising. The global fluorine chemical market is expected to maintain stable growth, indicating the industry's important position in the global economy.

 

Overview of Fluorine Chemical Industry

Fluorine chemical industry is a chemical industry that uses fluorine element as the main raw material or component, and is widely used in many fields such as automobile, rail transportation, refrigeration, national defense industry, aerospace and aviation, electronic information, new energy, ship and ocean engineering, environmental protection industry, etc., as its products have excellent properties such as chemical corrosion resistance, high and low temperatures resistance, aging resistance, low friction and good insulation.

 

Trend of environmentally friendly fluorine chemical products

With the global environmental awareness, environmentally friendly fluorochemical products such as second and third generation fluorine-containing refrigerants are highly favored by the market due to their environmentally friendly characteristics. The demand for these products is growing in air conditioners, refrigerators and freezers. Meanwhile, fluoropolymers (such as fluoroelastomers and fluororesins) and fluorine-containing fine chemicals are also widely used in automotive, chemical, pharmaceutical, pesticide and dyestuffs, etc. Especially in the field of new energy, the demand is growing rapidly.

 

Market Scale and Competitive Landscape

According to Hengzhou Chengshi, by 2024, the global fluorine chemical market size is expected to reach or exceed USD 200 billion. In China, the fluorine chemical industry maintains rapid growth, and the total output value is expected to reach 50 billion yuan by 2024, and the output of fluorine chemical products will be close to 5.07 million tons by 2027, with a year-on-year growth of 5.58%. The market competition pattern of fluorine chemical industry is relatively centralized, with domestic and foreign enterprises having their own advantages. In the international market, international chemical giants such as BASF and Bayer occupy most of the high-end market; while in the domestic market, enterprises such as Zhejiang Juhua, Sanmei and Sinochem Lantian, as representatives, dominate the third-generation refrigerants and other fields.

 

Policy Support

In order to promote the healthy development of fluorine chemical industry, the state has issued a series of policy measures. For example, the Guidance Catalog for Industrial Structure Adjustment (2019) lists fluorine-containing fine chemicals as an incentive for the development of products; and the “14th Five-Year Plan” Development Guidelines for the Petroleum and Chemical Industry specifies the key development direction of high-end fluorosilicon polymers and fluorine-containing functional membrane materials. These policies not only provide guidance for the development of fluorine chemical industry, but also encourage enterprises to increase R&D investment and improve product quality and technology level through tax incentives and financial support.

 

Future Development Trends

Technological upgrading and product high-end: with the progress of technology and changes in market demand, fluorine chemical products will develop in the direction of higher technology content and added value.

Environmental protection and sustainable development: the strengthening of environmental protection policy will promote the development of fluorine chemical enterprises in the direction of green, low-carbon and circular economy.

Diversified market demand: With the recovery of global economy and the rapid development of emerging industries, the market demand for fluorine chemical products will be more diversified.

Industrial agglomeration and park development: Chemical parks will become an important direction for the transformation and upgrading of the fluorine chemical industry, which will help to enhance the industry's innovation ability and overall competitiveness.

International cooperation and competition: Under the background of global economic integration, international cooperation and competition in the fluorine chemical industry will become more and more intense.

 

More information can be found at CCM Amino Acid China Monthly Report. 
About CCM:
CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of content solutions, from price and trade analysis to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.
For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.

Subscribe to our Newsletter

 


Next Press