Global fluorine chemical market analysis

Demand for global fluorine chemical products will grow at a rate of 3.9% per year and reach 3.5 million tons by 2016. The main reasons for its growth include the increase in global output of refrigeration and air-conditioning equipment and the rapid increase in primary aluminum production. Of course, the fluorine chemical companies also face many challenges. The first is the main raw material, such as fluorspar. China is the world's largest supplier and its production is currently limited. Another challenge is environmental regulations that address fluorocarbons. Global and national regulations have allowed such products to be continuously replaced or eliminated. Finally, the competition with alternative products has become increasingly fierce. In particular, the commercial refrigeration and foaming industries have brought tremendous pressure on the development of the fluorine chemical industry.

In the fluorocarbon industry, its growth rate is only slightly lower than the overall growth rate of the fluorine chemical industry by 2016. Of course, each type of product also has a big difference. According to the requirements of the Montreal Protocol, the developed countries have reached the final stage of phase-out of ODS HCFCs, and developing countries will begin to cut back in 2015. As a result, HCFC demand will continue to decline by 2016. As for the HFC market, it has grown rapidly during the 10 years from 2001 to 2011 and will continue to be an important product in the developing countries as an alternative to HCFCs. However, due to the high GWP value of HFCs, it has limited its demand, especially in Western Europe, and low GWP HFO products have become an important component of the market. For other fluorochemical products, the demand for fluororesin products has grown rapidly due to the increasing demand for high-performance materials in the automotive engine, chemical process, electronics, and coating markets. Fluororesin products have not been widely used in many parts of the world, which has brought huge space for market growth. Due to the rapid growth of global aluminum products, by 2016, the growth rate of inorganic products and specialty fluorine products will be close to the industry average. In addition, the increase in the output of semiconductors, batteries, and other electronic components will drive the demand for specialty gases and other high-value fluorine chemical products.

The Asia-Pacific region will continue to be the largest market for fluorinated workers. In 2016, it will account for more than half of global demand and will develop at a rapid rate. China will continue to obtain more benefits from the fluorine chemical industry, and it will also become the largest market in the world, with India ranking next. Thanks to the rapid expansion of the aluminum industry, the demand for aluminum fluoride is also growing, and some small countries in Eastern Europe and the African/Middle East market will benefit. From the long-term trend, although they are experiencing a decline in the period 2006-2011, the current demand is in a growth trend, but by 2016, the United States, Western Europe and Japan's share of the global fluorine chemical market will shrink.