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 Geography.
Fluorinated Solvents Market Size was valued at US$ 1,043.8 million in 2022 and is poised to grow at a significant CAGR of 8.2% over 2023-2029. 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 fluorinated solvents market. Additionally, increase in R&D for the development of newer products also immense boost to the market over the forecast timeframe.
In October 2018, AGC Launches Global Sales of AMOLEA AS-300, a New Type of Environmentally friendly Fluorinated Solvent.
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.
The Fluorinated Solvents market in Asia pacific is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to rise in flourishing end-use industries such as electronics manufacturing in China, Korea, and Taiwan. Moreover, rising disposable income, surge in the electronics demand in recent years, and manufacturers inclination towards offering products that meet the environment regulations laid down by governments and several organizations expected to boost the fluorinated solvent market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,043.8 million |
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Market CAGR |
8.2% |
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By Product Type |
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By Application |
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By Distribution Channel |
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By Region |
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The fluorinated solvents market is projected to expand at a CAGR of 8.2% during the forecast period
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, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Methoxy- nonafluorobutane |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Electronics & plastic components cleaning |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Direct Sales |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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 ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Product Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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