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Showing posts with the label fluorochemicals Market size

Fluorochemicals Market - Forecast(2021 - 2026)

The Fluorochemicals Market size is projected to reach $25.1 billion by 2026, after growing at a CAGR of 5.2% over the forecast period 2021-2026. The Fluorochemicals is an organic compound that contains fluorine and is widely used in electronics, refrigerators, and the automotive industry. Fluorochemicals provide UV resistance and high durability in various applications such as air conditioners, and refrigeration with excellent properties like high tensile strength and electrical insulation. Fluorocarbons are used as fluoropolymers and refrigerants, which have very low solubility features and due to this, they are not miscible in organic solvents like acetone and ethanol. COVID-19 pandemic has a profound impact on the demand and supply of fluorochemicals. The outbreak of COVID-19 has had a considerable impact on the overall development of the global HVAC (heating ventilation and air condition) system. In addition, the infrastructure and construction activities had been totally shut dow...