Fluorocarbon Market

By Type;

Chemical Composition and Global Warming Potential (GWP)

By Application;

Air Conditioning & Refrigeration and Foam Blowing

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn159305481 Published Date: September, 2025 Updated Date: October, 2025

Fluorocarbon Market Overview

Fluorocarbon Market (USD Million)

Fluorocarbon Market was valued at USD 15,876.75 million in the year 2024. The size of this market is expected to increase to USD 17,865.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.7%.


Fluorocarbon Market

*Market size in USD million

CAGR 1.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)1.7 %
Market Size (2024)USD 15,876.75 Million
Market Size (2031)USD 17,865.22 Million
Market ConcentrationHigh
Report Pages375
15,876.75
2024
17,865.22
2031

Major Players

  • 3M Company
  • AGC Chemicals Americas
  • Air Products and Chemicals
  • Arkema S.A
  • Daikin Industries, Ltd.
  • DIC Corporation
  • Dongyue Group
  • DuPont de Nemours
  • DYNAX Corporation
  • Evantic
  • Fluorocarbon Group
  • Fluorsid S.p.A

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Fluorocarbon Market

Fragmented - Highly competitive market without dominant players


The Fluorocarbon Market is rapidly evolving, driven by rising adoption across multiple industries for its unmatched thermal stability, resistance, and safety features. With usage increasing by over 35%, fluorocarbons are becoming a cornerstone material in advanced applications.

Key Drivers Accelerating Growth
Demand for sustainable and energy-efficient solutions is a powerful growth driver. Applications in refrigeration, insulation, and specialty chemicals have expanded by nearly 40%, with industries prioritizing eco-friendly and high-performing materials. This shift is intensifying as sectors aim to achieve both operational efficiency and compliance.

Advancements Strengthening Market Adoption
The push toward low-global-warming-potential (GWP) fluorocarbons has redefined the innovation landscape. Roughly 45% of new product advancements target sustainable formulations, positioning fluorocarbons as critical components in next-generation solutions. Their proven durability and efficiency continue to make them indispensable for demanding environments.

Growth Prospects and Industry Outlook
Market momentum remains strong, with about 55% of producers planning further investment in advanced formulations. Strategic research and development are unlocking new application areas, enhancing the market’s adaptability and long-term relevance.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Fluorocarbon Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Refrigerants in HVAC and Refrigeration Systems
        2. Expanding Applications in Automotive and Aerospace Sectors
        3. Growth in Electronics and Semiconductor Industries
        4. Increasing Use of Fluoropolymers in High-Performance Applications
        5. Advancements in Healthcare and Pharmaceutical Packaging
      2. Restraints
        1. Stringent Environmental Regulations on Fluorocarbon Emissions
        2. High Production Costs of Fluorocarbon-Based Materials
        3. Transition to Eco-Friendly Alternatives in Refrigeration and Cooling
        4. Limited Availability of Raw Materials for Certain Fluorocarbons
      3. Opportunities
        1. Development of Low-Global Warming Potential (GWP) Fluorocarbons
        2. Expansion in Emerging Markets with Growing Industrialization
        3. Innovations in Fluorocarbon-Based Specialty Products
        4. Rising Demand for High-Performance Materials in Renewable Energy Systems
        5. Increased Focus on Sustainable Production Processes
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Fluorocarbon Market, By Type, 2021 - 2031 (USD Million)
      1. Chemical Composition
      2. Global Warming Potential (GWP)
    2. Fluorocarbon Market, By Application, 2021 - 2031 (USD Million)
      1. Air Conditioning & Refrigeration
      2. Foam Blowing
    3. Fluorocarbon Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. 3M
      2. Daikin Industries
      3. Arkema
      4. The Chemours Company
      5. Solvay
      6. DuPont
      7. Gujarat Fluorochemicals
      8. SRF Limited
      9. Dongyue Group
      10. Honeywell International
      11. Halocarbon Products Corporation
      12. DIC Corporation
      13. Alufluor AB
      14. Navin Fluorine International
      15. Air Products & Chemicals
  7. Analyst Views
  8. Future Outlook of the Market