Home / Advanced Materials / Fluorinated Solvents Market By Type (CFCs, HCFCs, HFCs, HFEs, HFOs, Others), By Application (Electronic Cleaning, Metal Cleaning, Precision Cleaning, Heat Transfer, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Fluorinated Solvents Market By Type (CFCs, HCFCs, HFCs, HFEs, HFOs, Others), By Application (Electronic Cleaning, Metal Cleaning, Precision Cleaning, Heat Transfer, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published: Nov 2018 | Report Code: 59449-11-18

Industry Outlook

Fluorinated solvents market value expected to witness the CAGR of 5.8% during the forecast period from 2018 to 2026. Fluorinated solvents are fluorine based solvent, a direct replacement of chlorinated and brominated solvents that have negative impact on the environment. Fluorinated solvent includes CFCs, HCFCs, HFCs, HFOs, HFEs, etc. Chlorofluorocarbons (CFCs) are not available for routine industrial usage owing to their negative impact on human health and the environment, next generation fluorinated solvents such as HFO’s and HFEs are gaining traction across the world owing to their zero ozone depletion rate (ODP) and low global warming potential (GWP). Moreover, fluorinated solvent have low-odor and low toxicity that results in safer workplace environment leading to less government regulation and lower compliance costs.

Fluorinated solvents are compatible with broad range of materials such as plastics, elastomers, metals, and other substrates. Fluorinated solvents are mostly preferred for cleaning as they evaporate quickly and leave very little residue. Fluorinated solvents applications are expected to rise in coming years as they pose a lower threat to the environment, and are excellent substitutes for ozone-depleting chemicals. Fluorinated solvents have been displaying advantages such as proving to be a direct alternative for chlorinated and brominated degreasing solvents, with regard to meeting regulatory compliance from most of the regulatory bodies worldwide.

Factors such as low toxicity/flammability, low environmental risk, and improved cleaning and deposition are driving the fluorinated solvent growth across the globe. However, there are few restraining factors such as high cost, flammability, production of toxic by-product, and availability of natural alternatives projected to hamper the market growth over the forecast period. Solvent industry has been moving toward more environmentally materials and processes that has led to the phasing out and/or replacement of many industrial chemicals, including industrial solvents. Fluorinated solvents have been displaying advantages such as proving to be a direct alternative for chlorinated and brominated degreasing solvents, with regard to meeting regulatory compliance from most of the regulatory bodies worldwide. Besides, a very high chemical stability of fluorinated solvents makes them an excellent option for solvent recovery and recycling programs. Major players operating in the fluorinated solvents market includes 3M, The Chemours Company, AGC Chemicals, Honeywell International, Inc., The Dow Chemical Company, Solvay SA, and Arkema SA among others.

Market Snapshot

Market Snapshot: Global Fluorinated Solvents Market Volume

Fluorinated Solvents Market

HFEs Solvent Expected To Surpass the HFCs Market Share By 2026

HFCs dominated the fluorinated solvents market by type in 2017. Phasing out of CFCs and HCFCs in developed economies such as North America and Europe has resulted in the use of environment friendly alternatives such as HFCs. HFCs is proven alternatives to ODSs however, HFCs exhibits more than 10 year of atmospheric lifetimes that violates the laid down environment regulations. As a result, market players have introduced HFEs with reduced atmospheric lifetimes. HFEs replacing many high GWP materials from different applications that includes precision cleaning, coating deposition, and heat transfer fluids.

HFE solvent emissions are significantly lower than those of the material it replaces which in turn propelling its market growth. HFE is also identified as the fastest growing type during the forecast period. Whereas, HFOs are also expected to exhibit robust growth during the forecast period owing to its minimal environmental impact.

Fluorinated Solvents Market

Electronics Cleaning Led the Application Segment in 2017

Electronics cleaning dominated the fluorinated solvent application market in 2017 and expected to maintain its dominance throughout the forecast period. Fluorinated solvents find promising application in electronic component cleaning such as audio and video heads, reflector glasses for laser printers, lenses and high-precision plastic. These solvents has excellent solvency with wide range of cutting oils, greases, silicone oils, press oils, asphalt pitches, refrigerant oils, and fluxes that’s make it an ideal cleaning material for electronics industry. They also act as a solvent carrier for silicone oils, hard disk lubricants, fluorinated greases, and anti-rust agents. Precision cleaning application is identified as the fastest growing segment during the forecast period. Other application includes coating deposition solvent, lubricant carrier, refrigerants, etc.)

Fluorinated Solvents Market

Asia-Pacific to Remain Dominant Region during the Forecast Period

Asia-Pacific was the largest regional market for fluorinated solvents in 2017, also expected to see strong gains in coming years as well, on account of flourishing end-use industries such as electronics manufacturing in China, Korea, and Taiwan. Moreover, rising disposable income, surge in the electronics demand in recent years, and manufacturers inclination towards offering products that meet the environment regulations laid down by governments and several organizations expected to boost the fluorinated solvent market growth. Asia-Pacific market is closely followed by North America and Europe in terms of value and volume consumption. Rising automotive manufacturing activities in China, India, Indonesia, and Malaysia is predicted to propel the application of fluorinated solvents in HVAC systems for vehicles, thereby adding to regional demand. The abundance of metal reserves in Asia-Pacific economies such as China, India, and Australia along with the government initiatives to promote FDI in the domestic metal sector driving the demand for fluorinated solvent in the region for metal cleaning application. Asia-Pacific is also identified as the fastest growing region during the forecast period.

Fluorinated Solvents Market

New Product Development is the Preferred Strategy Adopted by Key Players in Fluorinated Solvents Market

On account of rising environment regulation in developed economies on using eco-friendly solution which has low GWP and ODS coupled with hydro chlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) phasedown under global treaties such as the Montreal Protocol pushing manufacturers and end-users to shift towards green solvents thus making new product development the preferred strategy among market players of fluorinated solvents. For instance, in order to comply with environment regulations and consumer demand for green solvents, AGC in introduced AMOLEA™ AS-300 in October, 2017, this launch helped AGC to respond the demand for CFCs and HFCs substitute with minimal environment impact. Key players operating in fluorinated solvents market includes Enviro Tech International, Inc., The Chemours Company, Solvay SA, 3M, Honeywell International, Electrotube, and AGC Chemicals among others.

Fluorinated Solvents Market

Historical & Forecast Period

2016 – Historical Year

2017 – Base Year

2018-2026 – Forecast Period

Each market segment is analyzed in our study for the period of 2016 to 2026 with 2017 as the base year while period from 2018 to 2026 is considered for the CAGR calculation.

Report Scope

The report enlightens the thorough outline of global fluorinated solvents market by categorizing the market in different segment given below:

Fluorinated Solvents Market, By Type (2016–2026; Kilo Ton, US$ Mn)

  • CFCs
  • HCFCs
  • HFCs
  • HFEs
  • HFOs
  • Others (HCFOs, PFCs, etc.)

Fluorinated Solvents Market, By Application (2016–2026; Kilo Ton, US$ Mn)

  • Electronic Cleaning
  • Metal Cleaning
  • Precision Cleaning
  • Heat Transfer
  • Others (film deposition, lubricant carrier, etc.)

Geography Segment (2016–2026; Kilo Ton, US$ Mn)

  • North America
    • United States
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA

Fluorinated Solvents Market

Key questions answered in this report

  • What are the current market trends in the fluorinated solvents market and valuable opportunities for the players?
  • Which is the most lucrative region for investment?
  • What is the market size and trends in emerging markets?
  • Which are the prime applications of fluorinated solvents across different geographies?
  • Which are the different types of fluorinated solvents and their market sizes?
  • Which are the leading players and their market position?

Chapter 1 Preface 13
1.1 Report Scope and Description 13
1.1.1 Study Purpose 13
1.1.2 Target Audience 13
1.1.3 USP and Key Offerings 13
1.2 Research Scope 14
1.3 Research Methodology 15
1.3.1 Phase I – Secondary Research 15
1.3.2 Phase II – Primary Research 16
1.3.3 Phase III – Expert Panel Review 16
1.3.4 Approach Adopted 16
1.3.5 Top-Down Approach 17
1.3.6 Bottom-Up Approach 17
1.3.7 Assumptions 18
1.4 Market Segmentation 18

Chapter 2 Executive Summary 19
2.1 Market Snapshot: Global Fluorinated Solvents Market 20
2.1.1 Global Fluorinated Solvents Market, by Type, 2017 (Kilo Ton) (US$ Mn) 22
2.1.2 Global Fluorinated Solvents Market, by Form, 2017 (Kilo Ton) (US$ Mn) 22
2.1.3 Global Fluorinated Solvents Market, by Application, 2017 (Kilo Ton) (US$ Mn) 23
2.1.4 Global Fluorinated Solvents Market, by Geography, 2017 (Kilo Ton) (US$ Mn) 23

Chapter 3 Market Overview 25
3.1 Introduction 25
3.2 Market Dynamics 26
3.2.1 Market Drivers 26
3.2.1.1 Increasing Cleaning Application in Several Industries Driving the Demand for Fluorinated Solvents Market Across The Globe 26
3.2.1.2 Driver 2 27
3.2.2 Challenges 28
3.2.2.1 Challenge 1 28
3.2.2.2 Challenge 2 29
3.2.3 Opportunities 30
3.2.3.1 Opportunity 1 30
3.2.3.2 Opportunity 2 31
3.3 Attractive Investment Proposition, by Geography, 2017 32
3.4 Competitive Landscape: Market Positioning of Key Players, 2017 33

Chapter 4 Global Fluorinated Solvents Market, by Type 34
4.1 Overview 34
4.1.1 Global Fluorinated Solvents Market Value Share, by Type, 2017 & 2026 (Value, %) 35
4.1.2 Global Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 35
4.2 CFCs 37
4.2.1 Global Fluorinated Solvents Market, by CFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 37
4.3 HCFCs 38
4.3.1 Global Fluorinated Solvents Market, by HCFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
4.4 HFCs 39
4.4.1 Global Fluorinated Solvents Market, by HFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
4.5 HFEs 40
4.5.1 Global Fluorinated Solvents Market, by HFEs, 2016 – 2026 (Kilo Ton) (US$ Mn) 40
4.6 HFOs 41
4.6.1 Global Fluorinated Solvents Market, by HFOs, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
4.7 Others (HCFOs, PFCs, etc.) 42
4.7.1 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 42

Chapter 5 Global Fluorinated Solvents Market, by Application 43
5.1 Overview 43
5.1.1 Global Fluorinated Solvents Market Value Share, by Application, 2017 & 2026 (Value, %) 44
5.1.2 Global Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 44
5.2 Electronic Cleaning 46
5.2.1 Global Fluorinated Solvents Market, by Electronic Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
5.3 Metal Cleaning 47
5.3.1 Global Fluorinated Solvents Market, by Metal Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
5.4 Precision Cleaning 48
5.4.1 Global Fluorinated Solvents Market, by Precision Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
5.5 Heat Transfer 49
5.5.1 Global Fluorinated Solvents Market, by Heat Transfer, 2016 – 2026 (Kilo Ton) (US$ Mn) 49
5.6 Others (film deposition, lubricant carrier, etc.) 50
5.6.1 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 50

Chapter 6 Global Fluorinated Solvents Market, by Geography 51
6.1 Overview 51
6.1.1 Global Fluorinated Solvents Market Value Share, by Geography, 2017 & 2026 (Value %) 52
6.1.2 Global Fluorinated Solvents Market, by Geography 2016 – 2026 (Kilo Ton) (US$ Mn) 52
6.2 North America 54
6.2.1 North America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 54
6.2.2 North America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 55
6.2.3 North America Fluorinated Solvents Market, by Country (Kilo Ton) (US$ Mn) 56
6.3 Europe 57
6.3.1 Europe Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 57
6.3.2 Europe Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 58
6.3.3 Europe Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 59
6.4 Asia-Pacific 60
6.4.1 Asia-Pacific Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 60
6.4.2 Asia-Pacific Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 61
6.4.3 Asia-Pacific Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 62
6.5 Latin America 63
6.5.1 Latin America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 63
6.5.2 Latin America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 64
6.5.3 Latin America Fluorinated Solvents Market, by Country/Region (Kilo Ton) (US$ Mn) 65
6.6 Middle East & Africa 66
6.6.1 Middle East & Africa Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 66
6.6.2 Middle East & Africa Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 67
6.6.3 Middle East & Africa Fluorinated Solvents Market, by Region (Kilo Ton) (US$ Mn) 68

Chapter 7 Company Profiles 69
7.1 Enviro Tech International, Inc. 69
7.2 The Chemours Company 71
7.3 Solvay SA 73
7.4 3M 75
7.5 Honeywell International 77
7.6 AGC Chemicals 79
7.7 Arkema SA 81
7.8 The Dow Chemical Company 83
7.9 Vantage Specialty Chemicals Ltd. 85
7.10 Electrotube 87

FIG. 1 Global Fluorinated Solvents Market: Research Methodology 15
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 17
FIG. 3 Global Fluorinated Solvents Market Segmentation 18
FIG. 4 Global Fluorinated Solvents Market, by Type, 2017 (Kilo Ton, US$ Mn) 22
FIG. 5 Global Fluorinated Solvents Market, by Form, 2017 (Kilo Ton, US$ Mn) 22
FIG. 6 Global Fluorinated Solvents Market, by Application, 2017 (Kilo Ton, US$ Mn) 23
FIG. 1 Global Fluorinated Solvents Market, by Geography, 2017 (Kilo Ton, US$ Mn) 23
FIG. 2 Attractive Investment Proposition, by Geography, 2017 32
FIG. 3 Competitive Landscape: Market Positioning of Key Fluorinated Solvents Manufacturers, 2017 33
FIG. 4 Global Fluorinated Solvents Market Value Share, by Type, 2017 & 2026 (Value, %) 35
FIG. 5 Global Fluorinated Solvents Market, by CFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 37
FIG. 6 Global Fluorinated Solvents Market, by HCFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
FIG. 7 Global Fluorinated Solvents Market, by HFCs, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
FIG. 8 Global Fluorinated Solvents Market, by HFEs, 2016 – 2026 (Kilo Ton) (US$ Mn) 40
FIG. 9 Global Fluorinated Solvents Market, by HFOs, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
FIG. 10 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 42
FIG. 11 Global Fluorinated Solvents Market Value Share, by Application, 2017 & 2026 (Value, %) 44
FIG. 12 Global Fluorinated Solvents Market, by Electronic Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
FIG. 13 Global Fluorinated Solvents Market, by Metal Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
FIG. 14 Global Fluorinated Solvents Market, by Precision Cleaning, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
FIG. 15 Global Fluorinated Solvents Market, by Heat Transfer, 2016 – 2026 (Kilo Ton) (US$ Mn) 49
FIG. 16 Global Fluorinated Solvents Market, by Others, 2016 – 2026 (Kilo Ton) (US$ Mn) 50
FIG. 17 Global Fluorinated Solvents Market Value Share, by Geography, 2017 & 2026 (Value %) 52

TABLE 1 Market Snapshot: Global Fluorinated Solvents Market Volume 20
TABLE 2 Market Snapshot: Global Fluorinated Solvents Market Value 21
TABLE 3 Global Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 35
TABLE 4 Global Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 36
TABLE 5 Global Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 44
TABLE 6 Global Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 45
TABLE 7 Global Fluorinated Solvents Market, by Geography 2016 – 2026 (Kilo Ton) 52
TABLE 8 Global Fluorinated Solvents Market, by Geography 2016 – 2026 (US$ Mn) 53
TABLE 9 North America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 54
TABLE 10 North America Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 54
TABLE 11 North America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 55
TABLE 12 North America Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 55
TABLE 13 North America Fluorinated Solvents Market, by Country 2016 – 2026 (Kilo Ton) 56
TABLE 14 North America Fluorinated Solvents Market, by Country 2016 – 2026 (US$ Mn) 56
TABLE 15 Europe Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 57
TABLE 16 Europe Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 57
TABLE 17 Europe Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 58
TABLE 18 Europe Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 58
TABLE 19 Europe Fluorinated Solvents Market, by Country/Region 2016 – 2026 (Kilo Ton) 59
TABLE 20 Europe Fluorinated Solvents Market, by Country/Region 2016 – 2026 (US$ Mn) 59
TABLE 21 Asia-Pacific Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 60
TABLE 22 Asia-Pacific Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 60
TABLE 23 Asia-Pacific Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 61
TABLE 24 Asia-Pacific Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 61
TABLE 25 Asia-Pacific Fluorinated Solvents Market, by Country/Region 2016 – 2026 (Kilo Ton) 62
TABLE 26 Asia-Pacific Fluorinated Solvents Market, by Country/Region 2016 – 2026 (US$ Mn) 62
TABLE 27 Latin America Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 63
TABLE 28 Latin America Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 63
TABLE 29 Latin America Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 64
TABLE 30 Latin America Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 64
TABLE 31 Latin America Fluorinated Solvents Market, by Country/Region 2016 – 2026 (Kilo Ton) 65
TABLE 32 Latin America Fluorinated Solvents Market, by Country/Region 2016 – 2026 (US$ Mn) 65
TABLE 33 Middle East & Africa Fluorinated Solvents Market, by Type, 2016 – 2026 (Kilo Ton) 66
TABLE 34 Middle East & Africa Fluorinated Solvents Market, by Type 2016 – 2026 (US$ Mn) 66
TABLE 35 Middle East & Africa Fluorinated Solvents Market, by Application, 2016 – 2026 (Kilo Ton) 67
TABLE 36 Middle East & Africa Fluorinated Solvents Market, by Application, 2016 – 2026 (US$ Mn) 67
TABLE 37 Middle East & Africa Fluorinated Solvents Market, by Region 2016 – 2026 (Kilo Ton) 68
TABLE 38 Middle East & Africa Fluorinated Solvents Market, by Region 2016 – 2026 (US$ Mn) 68
TABLE 39 Enviro Tech International, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 69
TABLE 40 The Chemours Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 71
TABLE 41 Solvay SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 73
TABLE 42 3M: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 75
TABLE 43 Honeywell International: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 77
TABLE 44 AGC Chemicals: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 79
TABLE 45 Arkema SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 81
TABLE 46 The Dow Chemical Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 83
TABLE 47 Vantage Specialty Chemicals Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 85
TABLE 48 Electrotube: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 87

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