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Fluorinated Solvents Market: By Product, HFC), By Application, Drying element in aqueous system or as part of hydrocarbon cleaning process, Refrigeration coolant and carrier solvent, Precision cleaning of molded resin, Dewatering of optical components, Precision cleaning of delicate substrates, Others), Distribution Channel and Region Forecast 2019-2030
Fluorinated Solvents Market size was valued at US$ 1,043.8 million in 2023 and is poised to grow at a significant CAGR of 8.2% from 2024-2030. Fluorinated solvents, commonly known as fluorocarbons, are substances with at least one carbon and fluorine element. Fluorinated solvents can be employed in various sectors, including semiconductor manufacturing, metal plating, organic synthesis (e.g., pharmaceutical manufacturing), and electronics manufacturing.
The Methoxy-nonafluorobutane segment anticipated to grow at significant CAGR over the forecast years owing to the growing acceptance and demand of these fluorosolvents in applications such as Electronics & plastic components cleaning, Defluxing of printed circuit boards (PCBs), and Precision cleaning of molded resin. Moreover, Key market participants are launching environment friendly fluorinated solvents with no flash point, no ozone depletion properties and which are associated with less hazard. This is anticipated to benefit the companys growth in the industry of fluorinated solvents and will help in sustainable development too. Increasing in demand from the end user industries such as electronics and semiconductors as well as automotive is a key factor burgeon the growth of market. Additionally, increase in R&D for the development of newer products also immense boost to the market over the forecast timeframe.
Study Period
2024-2030Base Year
2023CAGR
8.2%Largest Market
Asia-PacificFastest Growing Market
North America
Fluorinated solvents have many valuable properties, including being a non-explosive cleaning solvent with high solvency strength, quick evaporation, and lower surface tension. Fluorinated solvents also have a low boiling point, low surface tension, don't require acid acceptance tests, and don't require stabilizer additions. Fluorinated solvents also leave a small amount of non-volatile residue. Fluorinated solvents do not contribute to dangerous air pollution and provide no transportation risks. Fluorinated solvents also have a high level of compatibility with a wide range of substrate materials and can be utilized in existing cleaning equipment.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 1,043.8 million |
Market CAGR |
8.2% |
By Product Type |
|
By Application |
|
By Distribution Channel |
|
By Region |
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Fluorinated solvents market size was valued at US$ 1,043.8 million in 2023 and is poised to grow at a significant CAGR of 8.2% from 2024-2030.
Arkema SA, The Chemours Company, AGC Chemicals, Honeywell International, Inc., The Dow Chemical Company, Solvay
North America is the fastest-growing region for fluorinated solvents market
1.Executive Summary |
2.Global Fluorinated Solvents Market Introduction |
2.1.Global Fluorinated Solvents Market - Taxonomy |
2.2.Global Fluorinated Solvents Market - Definitions |
2.2.1.Product |
2.2.2.Application |
2.2.3.Distribution Channel |
2.2.4.Region |
3.Global Fluorinated Solvents Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Fluorinated Solvents Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Fluorinated Solvents Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Methoxy- nonafluorobutane |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Ethoxy-nonafluorobutane |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Hydrofluoroolefin (HFO) |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. HFC |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Fluorinated Solvents Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Electronics & plastic components cleaning |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Solvent carrier for silicone oils |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. hard disk lubricants |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. fluorinated greases and anti-rust agents |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. DE fluxing of printed circuit boards (PCBs) |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Drying element in aqueous system or as part of hydrocarbon cleaning process |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Refrigeration coolant and carrier solvent |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Precision cleaning of molded resin |
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
6.9. Dewatering of optical components |
6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.9.3. Market Opportunity Analysis |
6.10. Precision cleaning of delicate substrates |
6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.10.3. Market Opportunity Analysis |
6.11. Others |
6.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.11.3. Market Opportunity Analysis |
7.Global Fluorinated Solvents Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Direct Sales |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Distributor |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Others |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Fluorinated Solvents Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Fluorinated Solvents Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Methoxy- nonafluorobutane |
9.1.2.Ethoxy-nonafluorobutane |
9.1.3.Hydrofluoroolefin (HFO) |
9.1.4.HFC |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Electronics & plastic components cleaning |
9.2.2.Solvent carrier for silicone oils |
9.2.3.hard disk lubricants |
9.2.4.fluorinated greases and anti-rust agents |
9.2.5.DE fluxing of printed circuit boards (PCBs) |
9.2.6.Drying element in aqueous system or as part of hydrocarbon cleaning process |
9.2.7.Refrigeration coolant and carrier solvent |
9.2.8.Precision cleaning of molded resin |
9.2.9.Dewatering of optical components |
9.2.10.Precision cleaning of delicate substrates |
9.2.11.Others |
9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Direct Sales |
9.3.2.Distributor |
9.3.3.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Fluorinated Solvents Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Methoxy- nonafluorobutane |
10.1.2.Ethoxy-nonafluorobutane |
10.1.3.Hydrofluoroolefin (HFO) |
10.1.4.HFC |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Electronics & plastic components cleaning |
10.2.2.Solvent carrier for silicone oils |
10.2.3.hard disk lubricants |
10.2.4.fluorinated greases and anti-rust agents |
10.2.5.DE fluxing of printed circuit boards (PCBs) |
10.2.6.Drying element in aqueous system or as part of hydrocarbon cleaning process |
10.2.7.Refrigeration coolant and carrier solvent |
10.2.8.Precision cleaning of molded resin |
10.2.9.Dewatering of optical components |
10.2.10.Precision cleaning of delicate substrates |
10.2.11.Others |
10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Direct Sales |
10.3.2.Distributor |
10.3.3.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
10.4.7. |
11.Asia Pacific (APAC) Fluorinated Solvents Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Methoxy- nonafluorobutane |
11.1.2.Ethoxy-nonafluorobutane |
11.1.3.Hydrofluoroolefin (HFO) |
11.1.4.HFC |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Electronics & plastic components cleaning |
11.2.2.Solvent carrier for silicone oils |
11.2.3.hard disk lubricants |
11.2.4.fluorinated greases and anti-rust agents |
11.2.5.DE fluxing of printed circuit boards (PCBs) |
11.2.6.Drying element in aqueous system or as part of hydrocarbon cleaning process |
11.2.7.Refrigeration coolant and carrier solvent |
11.2.8.Precision cleaning of molded resin |
11.2.9.Dewatering of optical components |
11.2.10.Precision cleaning of delicate substrates |
11.2.11.Others |
11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Direct Sales |
11.3.2.Distributor |
11.3.3.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Fluorinated Solvents Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Methoxy- nonafluorobutane |
12.1.2.Ethoxy-nonafluorobutane |
12.1.3.Hydrofluoroolefin (HFO) |
12.1.4.HFC |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Electronics & plastic components cleaning |
12.2.2.Solvent carrier for silicone oils |
12.2.3.hard disk lubricants |
12.2.4.fluorinated greases and anti-rust agents |
12.2.5.DE fluxing of printed circuit boards (PCBs) |
12.2.6.Drying element in aqueous system or as part of hydrocarbon cleaning process |
12.2.7.Refrigeration coolant and carrier solvent |
12.2.8.Precision cleaning of molded resin |
12.2.9.Dewatering of optical components |
12.2.10.Precision cleaning of delicate substrates |
12.2.11.Others |
12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Direct Sales |
12.3.2.Distributor |
12.3.3.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Fluorinated Solvents Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Methoxy- nonafluorobutane |
13.1.2.Ethoxy-nonafluorobutane |
13.1.3.Hydrofluoroolefin (HFO) |
13.1.4.HFC |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Electronics & plastic components cleaning |
13.2.2.Solvent carrier for silicone oils |
13.2.3.hard disk lubricants |
13.2.4.fluorinated greases and anti-rust agents |
13.2.5.DE fluxing of printed circuit boards (PCBs) |
13.2.6.Drying element in aqueous system or as part of hydrocarbon cleaning process |
13.2.7.Refrigeration coolant and carrier solvent |
13.2.8.Precision cleaning of molded resin |
13.2.9.Dewatering of optical components |
13.2.10.Precision cleaning of delicate substrates |
13.2.11.Others |
13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Direct Sales |
13.3.2.Distributor |
13.3.3.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Southeastern Pathology Associates (U.S.) |
14.2.2.Visiopharm A/S (Denmark) |
14.2.3.Laboratory Corporation of America Holdings (LabCorp) (U.S.) |
14.2.4.University Health Network (Canada) |
14.2.5.Canada Health Infoway |
14.2.7.Telemedicine Clinic (TMC) (Spain) |
14.2.8.microDimensions (Germany) |
14.2.9.AMD Global Telemedicine, Inc. (U.S.) |
14.2.10.Polycom, Inc. (U.S.) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players