About the Report
The global perfluorocarbons market is gaining traction and is set to expand at over 4% CAGR during the forecast period of 2021 to 2031. With demand for use in semiconductor cleaning, tracers & taggers, and cosmetics gaining traction, suppliers of perfluorocarbons are expected to come across new opportunities over the coming years.
The latest report by Fact.MR provides a thorough analysis of the global industry, regional insights, and growth & restraining factors for the forecast period. According to the report, recovery in key application sectors from the effect of the COVID-19 pandemic will be key for manufacturers, while 20+ countries will remain lucrative markets creating new avenues for perfluorocarbon manufacturers.
Historical Trends Vs. Future Outlook on Perfluorocarbon Sales
Perfluorocarbon manufacturers have been witnessing steady demand from diverse sectors over the past years. Growing focus on new inventions and advancements in manufacturing infrastructure has further catered to the growth of suppliers. According to Fact.MR, the global perfluorocarbons industry expanded at over 3% CAGR during the last 5 years from 2016 to 2020.
As key application sectors such as cosmetics, electrical processing, and semiconductor cleaning, to name a few, are getting back on their feet, requirement and use of perfluorocarbons are likely to rise further over the coming years.
Rise in focus and investments in research & development (R&D) activities, coupled with prominent demand for alkyne, perfluoroalkane, and others, are expected to cater to the growth of suppliers through 2031.
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How is Requirement in Medical Sector Fueling Sales of Perfluorocarbons?
Perfluorocarbons are highly sought-after in the medical sector owing to their various properties such as-
- Healing of wound
- Usage as intravenous emulsions
- Usage as respiratory adjuvants
According to a report titled “Medical Technology Industry Spotlight”, published by SelectUSA, the United States remains the largest medical and healthcare industry in the world with an estimated value of US$ 156 billion, which represented 40% of the global industry as in 2017.
As stated in the report, the U.S. medical industry is forecast to grow to US$ 208 billion by 2023. This gives a glimpse of the new opportunities awaiting perfluorocarbon manufacturers around the globe.
What are the Key Challenges Faced by Perfluorocarbon Suppliers?
There are a few negative sides of perfluorocarbons that often make it challenging for application in various sectors, such as-
- May cause reduced platelet count in blood
- Increased intake may cause allergic reactions
- Needs expensive laboratory set-up, and experts’ handling during production
However, the overall advantages of perfluorocarbons outpace these disadvantages, and hence, industry players are optimistic of coming across lucrative growth scope in the foreseeable future.
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Why is the United States a Heavyweight for Perfluorocarbon Manufacturers?
The United States is leading in North America as far as perfluorocarbons are concerned, and is set to remain dominant throughout the forecast period. Highly advanced medical & electronics industries and technical advancements in manufacturing sectors are boosting demand for perfluorocarbons in the country.
According to a report titled “The Medical Device Industry in the United States”, published by SelectUSA, the United States medical & healthcare industry is highly progressive and includes more than 6,500 medical device companies. As stated in the report, electro-medical equipment, surgical appliances & supplies, and others are some key segments, with the U.S. industry representing over 40% of the global industry. These figures represent new opportunities awaiting perfluorocarbon manufacturers in the U.S.
Why is Germany in the Spotlight for Perfluorocarbon Suppliers?
Germany is at the forefront of Europe’s perfluorocarbons (PFCs) market, and is likely to maintain its lead throughout the forecast period. High requirement in cosmetics, semiconductor cleaning, and medical sectors is predicted to bolster growth in Germany.
According to a report titled “Cosmetics and Personal Care Industry Overview”, published by Cosmetics Europe, Germany’s cosmetics industry is the largest in Europe and valued at EUR 14 billion. As stated in the report, the cosmetics and personal care industry brings at least EUR 29 billion in added value to the European economy annually, while the contribution of Germany is the highest. These statistics explain why key players are eyeing Germany in order to widen their growth scope.
How Big is the Opportunity in China’s Perfluorocarbons Industry?
Backed by highly developed manufacturing infrastructure and advanced key application sectors, China is in the limelight for key perfluorocarbon manufacturers.
According to a report titled “China- Cosmetics and Toiletries Industry”, published by the International Trade Administration on 3rd February 2021, between 2011 and 2018, the cosmetics industry in China experienced steady growth expanding by over 60%. As stated in the report, China’s personal care and cosmetics industry is valued at US$ 42.8 billion, and is forecasted to become the world’s largest industry within the next 5 years. No doubt that stakeholders are eyeing China in order to raise their profit margins.
What Makes India a Highly Lucrative Market for Perfluorocarbons?
India has emerged as a high potential market for perfluorocarbons and is expected to show hegemony during the forecast period. Well-developed key application sectors along with steady growth in demand are expected to cater to the growth of industry players in India.
According to a report published by the Invest India, the medical and healthcare industry in India is projected to reach US$ 372 billion by 2022. As stated in the report, there has been 45.06% increase in total investments in healthcare start-ups, while the hospital industry reached US$ 61.8 billion in 2017 and forecast to grow further. This gives a glimpse of the high growth scope in India for perfluorocarbons suppliers.
Why is Perfluoroalkane Highly Preferred in This Industry?
Presently, the perfluoroalkane market is the leading segment in terms of product, and expected to maintain its lead throughout the forecast period. There are various advantages of this product, due to which it has high preference across diverse application sectors, such as-
- Highly efficient in producing fluoropolymer coatings
- Can resist heat, stain, grease, water, and oil
- Used in producing coatings for various products such as clothing, furniture, and others
Other key segments in terms of product are alkyne, aromatics, and others that are also fueling the application of perfluorocarbons.
An Adaptive Approach to Modern-day Research Needs
With the competition getting stricter, perfluorocarbon manufacturers are focusing on diversifying their products.
- 3M recently launched its new 3M™ Novec™ 7700 Engineered Polyfluorocarbon Fluids for diverse application sectors.
- BVI launched its new Perfluorocarbon Deca-Vit Syringe, Perfluorocarbon Octa-Vit Syringe, and others, a couple of years back.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Historical Data Available for
USD Million for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Key Questions Answered in Report
Which are the top companies manufacturing perfluorocarbons?
Some of the top companies manufacturing perfluorocarbons are Solvay, AGC Inc., 3M, and BVI.
Which are some of the lucrative markets for perfluorocarbons?
The United States, Germany, China, India, Japan, Mexico, the United Kingdom, Canada, Italy, and France are lucrative markets for perfluorocarbons, and are expected to dominate throughout the forecast period.
Which product accounts for high sales of perfluorocarbons?
Presently, perfluoroalkane is the most lucrative in terms of product, and is expected to remain dominant over the forecast period of 2021 to 2031.
Which are other prominent uses of perfluorocarbons?
Perfluorocarbons in the semiconductor industry, perfluorocarbons as artificial blood, perfluorocarbons as blood substitutes, perfluorocarbons for the treatment of decompression illness, use of perfluorocarbons in cosmetics and skin care products, and use of perfluorocarbon in other medical uses are all complementing market growth.
Market Segmentation by Category
- Perfluorocarbons for Semiconductor Cleaning
- Perfluorocarbon Tracers & Taggers
- Perfluorocarbons for Cosmetics
- Perfluorocarbons for Electrical Processing
- Perfluorocarbons for Medical Use
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
Perfluorocarbons Market - Scope of Report
A recent study by Fact.MR on the perfluorocarbons market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with perfluorocarbons. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies manufacturing perfluorocarbons, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of perfluorocarbons across regions.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for perfluorocarbons?
- Which factors will impact demand for perfluorocarbons?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the perfluorocarbons market?
- What are the winning strategies of stakeholders in the perfluorocarbons landscape?
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for perfluorocarbons has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the perfluorocarbons market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.