Perfluorocarbons
Market: Introduction
In terms of
value, the global perfluorocarbons market is
anticipated to expand at a CAGR of ~4% during the
forecast period and reach US$ 1.4 Bn by 2031.
Asia Pacific dominated the global perfluorocarbons market in terms of volume in 2018.
It is estimated to lead the global perfluorocarbons market during the forecast
period. Semiconductor cleaning is projected to offer lucrative opportunities
for the global perfluorocarbons market in the near future. The perfluorocarbons
market in Asia Pacific is projected to expand at a rapid pace during the
forecast period. The growth of various end-use industries, such as electrical
& electronics and cosmetics in Asia Pacific, can be ascribed to rise in
population and increase in disposable income, primarily in developing economies
such as China, India, and Indonesia. Furthermore, increase in the local demand
for semiconductors in countries such as China, Taiwan, and Japan is fueling the
demand for consumer electronic appliances. This, in turn, is augmenting the
demand for perfluorocarbons in Asia Pacific. The perfluorocarbons market in
North America is projected to expand at a healthy CAGR during the forecast
period. It is anticipated to be followed by the perfluorocarbons market in
Europe.
Perfluorocarbons Market: Major
Drivers and Restraints
The
electronic devices market has been expanding significantly since the past few
years. This can be ascribed to the rise in demand for smartphones, laptops, and
other electronic gadgets. The advent of new technologies such as artificial
intelligence and voice recognition technologies is encouraging end consumers to
opt for higher number of electronic devices. Furthermore, replacement cycles
and dropping prices of numerous electronic devices are driving the consumption
of these products. According to the Consumer Electronics Association (CEA), the
consumer electronics devices market is projected to reach US$ 415,897 Mn
in terms of revenue by the end of 2021, an increase
of 13.9% over
that in the previous year. Thus, rise in demand for electrical &
electronics devices is estimated to propel the demand for perfluorocarbons in
the near future.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14486
Rise in
disposable income and improvement in standard of living, primarily in
developing economies have boosted the demand for cosmetics. The popularity of
cosmetics with multiple benefits such as anti-aging properties, moisturizing
care, and suntan protection, has been rising across the globe. Perfluorocarbons
are used as oxygen carriers in cosmetics. They are used in a wide range of
applications, primarily in anti-aging products.
The high
gas dissolving ability, along with exceptional toxicological profile make
perfluorocarbons one of the preferable cosmetic constituents. Perfluorocarbons
are also employed in color products to enhance color endurance. Thus, increase
in the adoption of perfluorocarbons in cosmetic applications is estimated to
boost the global perfluorocarbons market during the forecast period.
More Trending Reports
Perfluorocarbons Market: Prominent
Segments
Based on
product, perfluoroalkane was an attractive segment of the global
perfluorocarbons market in 2018. A wide range
of perfluoroalkanes employed in several applications makes the segment
attractive. The demand for perfluoroalkanes, including perfluorobutane, in
medical applications as contrast imaging agent and surgical chemical in
ophthalmological surgeries is anticipated to rise during the forecast period.
Based on application, semiconductor cleaning was a key segment of the global
perfluorocarbons market in 2018. It was
followed by the electrical processing segment in the same year. The
semiconductor cleaning application segment held a notable share of more than 65% of
the global perfluorocarbons market in 2018. This trend is
estimated to continue during the forecast period.
Competition Landscape of
Perfluorocarbons Market
Key
manufacturers operating in the global perfluorocarbons market include Solvay,
AGC Inc., The Chemours Company, 3M, Fujian Yongjing Technology Co., Ltd.,
Pelchem SOC Ltd, BVI, Changshu 3F Zhonghao New Chemical Materials Co., Ltd., F2
Chemicals Ltd, and FluoroMed Specialty Chemicals.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=14486<ype=S
About
Us
Transparency
Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insight for thousands
of decision makers. Our experienced team of Analysts, Researchers, and
Consultants, use proprietary data sources and various tools and techniques to
gather, and analyze information.
Our data
repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad
research and analysis capability, Transparency Market Research employs rigorous
primary and secondary research techniques in developing distinctive data sets
and research material for business reports.
Contact
90 State
Street, Suite 700
Albany, NY
12207
Tel:
+1-518-618-1030
USA -
Canada Toll Free: 866-552-3453
Comments
Post a Comment