LONDON--(BUSINESS WIRE)--Sep 3, 2018--The global fluorocarbon market is expected to post a CAGR of over 3% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global fluorocarbon market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing demand for refrigeration and air-conditioning. The increase in demand for refrigeration and air-conditioning is expected to be a major driver for the global fluorocarbon market. Factors such as the increase in global temperature and improved standard of living in the developing countries will lead to a rise in the demand for domestic refrigeration and air-conditioning in households. In countries such as China, India, and Brazil, the economic development and the increasing disposable income leads to a surge in demand for refrigerators. The increasing focus on environment protection will drive the development and production of environment-friendly fluorocarbon-based refrigerants around the globe, particularly in the developed regions like Europe and North America.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rise in demand for lightweight materials as one of the key emerging trends in the global fluorocarbon market:

Global fluorocarbon market: Rise in demand for lightweight materials

Fluorocarbons play a vital role in automobile manufacturing. In the automobile industry, it is used in air-conditioning and various automobile components such as front cover seals, cylinder gaskets, valve packings, oil coolers, PTFE bearings, and fuel tanks.

“Fluorocarbons are crucial to the automobile industry. High-performance fluoropolymers are extensively used and preferred in automotive applications. The automotive market is influenced by factors such as regulations and policies, change in market trends and demand of customers, and the role of innovative technologies and electronics in automobiles,” says a senior analyst at Technavio for research on specialty chemicals.

Global fluorocarbon market: Segmentation analysis

This market research report segments the global fluorocarbon market by application (refrigeration, air-conditioning and polymer feedstocks) and geographical regions (APAC, EMEA, and the Americas).

The refrigeration and air-conditioning segment held the largest market share in 2017, accounting for nearly 46% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 58%. This region is expected to dominate the market through 2022, with an increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 09/03/2018 06:55 AM/DISC: 09/03/2018 06:55 AM

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