Asia Pacific, North America & Europe Fluorinated Solvents Market

Introduction

The Asia Pacific, North America and Europe Fluorinated Solvents Market is estimated to have been dominated by the electronic cleaning application in 2017. The Asia Pacific Fluorinated Solvents market is expected to register a CAGR of 9.0% over the forecast period (2018–2026).

Factors Influencing the Asia Pacific, North America and Europe Fluorinated Solvents Market Growth

Fluorinated blends are widely used in Western Europe Fluorinated Solvents Market, which can be attributed to the relatively low price of blends in comparison to that of pure HFE, HFO/HCFO and HFC. Various companies are providing fluorinated blends. For instance,

• Envirotech provides a fluorinated blend under the name ’ProSolv’, which consists of fluorinated solvents and additive trans 1,2-dichloroethylene
• AGC provides AsahiKlin AE-3000ATE, which consists of 1,1,2,2-tetrafluoroethyl-2,2,2-trifluoroethyl ether, trans-1,2-dichloroethylene, stabilizer and ethanol and is used for precision cleaning and cleaning meta and electric parts

Fluorinated solvents are used in various end-use industries, such as medical, electronics, metal aviation and aerospace, for cleaning purposes. They are also used in degreasing as carrier solvents and in the refluxing of printing wiring assemblies.

The price of fluorinated solvents is relatively high as compared to that of chlorinated, brominated, light petroleum distillates, glycol & glycol ether and formulated hydrocarbon solvents. In 2014 and 2015, Solvay announced an increase of 20% and 15%, respectively, in the price of Forane (Brand name of Fluorinated solvent offered by company).

Thus, the high price of Fluorinated solvents and the continuous increase in the prices of these solvents are expected to hamper the growth of the Western Europe Fluorinated solvents market during the forecast period.

Major players identified in the Western Europe Fluorinated Solvents market are focusing on increasing their production capacities and increasing market penetration through increased partnerships with major distributors & suppliers.

Thus, due to the aforementioned factors, the Western Europe Fluorinated Solvents Market is expected to gain momentum at a rapid rate during the forecast period.

Asia Pacific, North America and Europe Fluorinated Solvents Market Analysis, by Product Type

From product type perspective, the HFE segment in North America Fluorinated Solvents market is projected to witness the fastest growth over the forecast period. The HFE Segment is estimated to account for a revenue share of more than 45% in North America Fluorinated Solvents Market by 2026 end. However, the Fluorinated Solvents market in North America is expected to register a CAGR of 10.8%, in terms of volume, over the forecast period.

The Fluorinated Solvents market in North America is expected to reach US$ 404.1 Mn by the end of 2026 while recording a CAGR of 13.2% over the forecast period. Fluorinated Solvents market’s growth rate in APAC is expected to remain relatively lower as compared to the North America and Europe Fluorinated Solvents Market’s average between 2018 and 2026.

Companies Covered in Asia Pacific, North America & Europe Fluorinated Solvents Market

• 3M Company
• Honeywell International Inc.
• The Chemours Company
• Solvay SA
• Asahi Glass Co., Ltd.
• Arkema SA
• Inventec Performance Chemicals
• Daikin
• Others