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Asia Pacific, North America & Europe Fluorinated Solvents Market

Asia Pacific, North America & Europe Market Study on Fluorinated Solvents: Steady Growth in Electronics Production to Drive Revenue Growth

ID: PMRREP23752
Calendar

August 2018

198 Pages

Author : Satender Singh

Chemicals and Materials
PreviewSegmentation

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.

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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
Asia Pacific, North America and Europe Fluorinated Solvents Market Segmentation and Forecast

In this report we have considered Asia Pacific, North America and Europe as the prominent regions for the consumption of Fluorinated Solvents attributing to the intense presence of end use industries and coupled with stringent regulations towards the phasedown of specific fluorinated solvents and shift in trend towards the increase in consumption of HFO/HCFO and HFE based solvents products in these region as compared to the rest of world.

Fluoridated solvents cannot be tracked for Latin America and Middle East & Africa owing to the low/insignificant presence of production as well as consumption of HFE and HFO based solvents products. Attributing to the economic outlook of Latin America it is estimated that consumption of HFO and HFE based products are used less as they have relatively high price in comparison to the other Fluorinated Solvents.

Fluorinated Solvents market is heavily regulated which also makes the restraint for the production and consumption in specific regions as manufacturers, distributors and end user have to report the production and consumption of specific fluorinated solvents in each application which makes the restraint to estimate for Latin America and Middle East & Africa as these regions account very low/insignificant market share in the overall Fluorinated Solvents Market. Thus owing to the above stated reasons we have considered the Asia Pacific, North America and Europe as the major Fluorinated Solvents consuming regions during the forecast period

Fluorinated Solvents Market

Asia Pacific, North America and Europe Fluorinated Solvents Market Segmentation
Attribute Details
Product Type
  • HFE
  • HFO/HCFO
  • HCFC
  • HFC
  • PFC
  • Fluorinated Solvent Blends
Basis Of Application
  • Electronic Cleaning
  • Other Cleaning
  • Heat Transfer
  • Dilution
Basis Of Region
  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific

Related Reports

1. Executive Summary

    1.1. Market Overview

    1.2. Market Analysis

    1.3. PMR Analysis and Recommendations

2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

    2.3. Analyst Credentials

    2.4. About PMR

3. Fluorinated Solvents Market Background

    3.1. Macro-Economic Factors

    3.2. Opportunity Analysis

    3.3. APAC, North America and Europe Economic Outlook

        3.3.1. APAC, North America and Europe GDP by Region and Country, 2006–2021

        3.3.2. APAC, North America and Europe Industry Value Added

        3.3.3. APAC, North America and Europe Solvent Industry Outlook

    3.4. Supply Chain Analysis

    3.5. Forecast Factors – Relevance & Impact

    3.6. Fluorinated Solvents Comparison Matrix

    3.7. Application/Product Matrix

    3.8. Production Plant Location

    3.9. Pricing Analysis

4. APAC, North America and Europe Regulatory Overview Regulatory Overview

    4.1. HFC

    4.2. HCFC

    4.3. PFC

5. Cleaning Process

    5.1. Vapor Phase Degreaser Process

    5.2. Mixed Co-Fluorinated Solvents Process

    5.3. Separated Co-Solvent Process

    5.4. Semi-aqueous Process

    5.5. Vacuum Cleaning Process

6. Strategy Overview

    6.1. Channel Strategy

    6.2. Product Selection Criteria

7. North America Fluorinated Solvents Market Analysis 2013–2017 and Forecast 2018–2026

    7.1. Introduction

    7.2. Market Dynamics

        7.2.1. Drivers

        7.2.2. Restraints

        7.2.3. Trends

    7.3. Pricing Analysis

    7.4. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018–2026

        7.4.1. By Country

            7.4.1.1. US

            7.4.1.2. Canada

        7.4.2. By Product Type

            7.4.2.1. HFEs

            7.4.2.2. HFCs

            7.4.2.3. HCFOs/HFOs

            7.4.2.4. Fluorinated solvent blends

        7.4.3. By Application

            7.4.3.1. Electronics Cleaning

            7.4.3.2. Other Cleaning

            7.4.3.3. Heat Transfer

            7.4.3.4. Dilution

    7.5. Market Attractiveness Analysis

        7.5.1. By Product Type

        7.5.2. By Application

        7.5.3. By Country

    7.6. Drivers and Restraints: Impact Analysis

8. Western Europe Fluorinated Solvents Market Analysis 2013–2017 and Forecast 2018–2026

    8.1. Introduction

    8.2. Pricing Analysis

    8.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018–2026

        8.3.1. By Product Type

            8.3.1.1. HFEs

            8.3.1.2. HFCs

            8.3.1.3. HCFOs/HFOs

            8.3.1.4. PFC

            8.3.1.5. Fluorinated solvent blends

        8.3.2. By Application

            8.3.2.1. Electronics Cleaning

            8.3.2.2. Other Cleaning

            8.3.2.3. Heat Transfer

            8.3.2.4. Dilution

    8.4. Market Attractiveness Analysis

        8.4.1. By Product Type

        8.4.2. By Application

    8.5. Drivers and Restraints: Impact Analysis

9. Eastern Europe Fluorinated Solvents Market Analysis 2013–2017 and Forecast 2018–2026

    9.1. Introduction

    9.2. Pricing Analysis

    9.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018–2026

        9.3.1. By Product Type

            9.3.1.1. HFEs

            9.3.1.2. HFCs

            9.3.1.3. HCFOs/HFOs

            9.3.1.4. PFC

            9.3.1.5. Fluorinated solvent blends

        9.3.2. By Application

            9.3.2.1. Electronics Cleaning

            9.3.2.2. Other Cleaning

            9.3.2.3. Heat Transfer

            9.3.2.4. Dilution

    9.4. Market Attractiveness Analysis

        9.4.1. By Product Type

        9.4.2. By Application

    9.5. Drivers and Restraints: Impact Analysis

10. Asia Pacific Fluorinated Solvents Market Analysis 2013–2017 and Forecast 2018–2026

    10.1. Introduction

    10.2. Pricing Analysis

    10.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018–2026

        10.3.1. By Product Type

            10.3.1.1. HFEs

            10.3.1.2. HFCs

            10.3.1.3. HCFOs/HFOs

            10.3.1.4. HCFC

            10.3.1.5. PFC

            10.3.1.6. Fluorinated solvent blends

        10.3.2. By Application

            10.3.2.1. Electronics Cleaning

            10.3.2.2. Other Cleaning

            10.3.2.3. Heat Transfer

            10.3.2.4. Dilution

    10.4. Market Attractiveness Analysis

        10.4.1. By Product Type

        10.4.2. By Application

    10.5. Drivers and Restraints: Impact Analysis

11. Competition Analysis

    11.1. Competition Dashboard

    11.2. Competitive Benchmarking

    11.3. Profitability and Gross Margin Analysis by Competition

    11.4. Competition Developments (Mergers, Acquisitions and Expansions)

    11.5. Competition Deep Dive

        11.5.1. 3M Company

            11.5.1.1. Overview

            11.5.1.2. Product Portfolio

            11.5.1.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.1.4. Production Footprint

            11.5.1.5. Sales Footprint

            11.5.1.6. Channel Footprint

            11.5.1.7. SWOT Analysis

            11.5.1.8. Strategy Overview

                11.5.1.8.1. Marketing Strategy

                11.5.1.8.2. Product Strategy

                11.5.1.8.3. Channel Strategy

        11.5.2. Honeywell International Inc.

            11.5.2.1. Overview

            11.5.2.2. Product Portfolio

            11.5.2.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.2.4. Production Footprint

            11.5.2.5. Sales Footprint

            11.5.2.6. Channel Footprint

            11.5.2.7. SWOT Analysis

            11.5.2.8. Strategy Overview

                11.5.2.8.1. Marketing Strategy

                11.5.2.8.2. Product Strategy

                11.5.2.8.3. Channel Strategy

        11.5.3. The Chemours Company

            11.5.3.1. Overview

            11.5.3.2. Product Portfolio

            11.5.3.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.3.4. Production Footprint

            11.5.3.5. Sales Footprint

            11.5.3.6. Channel Footprint

            11.5.3.7. SWOT Analysis

            11.5.3.8. Strategy Overview

                11.5.3.8.1. Marketing Strategy

                11.5.3.8.2. Product Strategy

                11.5.3.8.3. Channel Strategy

        11.5.4. Solvay SA

            11.5.4.1. Overview

            11.5.4.2. Product Portfolio

            11.5.4.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.4.4. Production Footprint

            11.5.4.5. Sales Footprint

            11.5.4.6. Channel Footprint

            11.5.4.7. SWOT Analysis

            11.5.4.8. Strategy Overview

                11.5.4.8.1. Marketing Strategy

                11.5.4.8.2. Product Strategy

                11.5.4.8.3. Channel Strategy

        11.5.5. Asahi Glass Co., Ltd.

            11.5.5.1. Overview

            11.5.5.2. Product Portfolio

            11.5.5.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.5.4. Production Footprint

            11.5.5.5. Sales Footprint

            11.5.5.6. Channel Footprint

            11.5.5.7. SWOT Analysis

            11.5.5.8. Strategy Overview

                11.5.5.8.1. Marketing Strategy

                11.5.5.8.2. Product Strategy

                11.5.5.8.3. Channel Strategy

        11.5.6. Arkema SA

            11.5.6.1. Overview

            11.5.6.2. Product Portfolio

            11.5.6.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.6.4. Production Footprint

            11.5.6.5. Sales Footprint

            11.5.6.6. Channel Footprint

            11.5.6.7. SWOT Analysis

            11.5.6.8. Strategy Overview

                11.5.6.8.1. Marketing Strategy

                11.5.6.8.2. Product Strategy

                11.5.6.8.3. Channel Strategy

        11.5.7. Inventec Performance Chemicals

            11.5.7.1. Overview

            11.5.7.2. Product Portfolio

            11.5.7.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.7.4. Production Footprint

            11.5.7.5. Sales Footprint

            11.5.7.6. Channel Footprint

            11.5.7.7. SWOT Analysis

            11.5.7.8. Strategy Overview

                11.5.7.8.1. Marketing Strategy

                11.5.7.8.2. Product Strategy

                11.5.7.8.3. Channel Strategy

        11.5.8. Daikin

            11.5.8.1. Overview

            11.5.8.2. Product Portfolio

            11.5.8.3. Profitability by Market Segments (Product/Channel/Region)

            11.5.8.4. Production Footprint

            11.5.8.5. Sales Footprint

            11.5.8.6. Channel Footprint

            11.5.8.7. SWOT Analysis

            11.5.8.8. Strategy Overview

                11.5.8.8.1. Marketing Strategy

                11.5.8.8.2. Product Strategy

                11.5.8.8.3. Channel Strategy

12. Forecast Assumptions & Acronyms

13. Research Methodology

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