Rockville , May 11, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global perfluorocarbons market is estimated to be valued at US$ 1.0 billion in 2023 and is expected to grow at a CAGR of 4.0% during the forecast period of 2023-2033.
Perfluorocarbons (PFCs) are known for their high chemical stability, low surface tension, high solvency power, and low global warming potential. The PFC market is driven by demand from the electronics and semiconductor industries, where PFCs are used for cleaning and etching processes. PFCs are also used in the medical industry, particularly in surgical procedures and as contrast agents in medical imaging. Further, the rising demand for non-invasive techniques in the medical field for scar reduction is expected to drive the demand for PFCs.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5764
Perfluorocarbons heal wounds and can be used as intravenous emulsions and as respiratory adjuvants. Perfluorocarbons are widely used in vitreoretinal surgery around the world, and their applications are expanding in ultrasound and optoacoustic imaging.
Other applications of perfluorocarbons are in the electronics, semiconductor, and medical industries, among others. The PFC market is dominated by a few key players, and there have been several mergers and acquisitions in the industry in recent years.
Key Takeaways from Market Study
- The global perfluorocarbons market is projected to grow at 4.0% CAGR and reach US$ 1.5 billion by 2033
- The global perfluorocarbons market is estimated to be valued at US$ 1.0 billion in 2023
- The global perfluorocarbons market size reported by Fact.MR for 2022 is US$ 982.8 million
- Perfluoroalkane in product type holds the maximum share and is likely to exhibit a CAGR of 4.0% until 2033
- Germany is likely to be the fastest-growing market, growing at a CAGR of 6.0% during the forecast period
- Demand for perfluorocarbons from China is poised to grow at a CAGR of 5.0% from 2023 to 2033
“Chemical Stability and Low Surface Tension of Perfluorocarbons Make Them Suitable Choice for Numerous Application Driving the Market Growth” says a Fact.MR analyst.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5764
Market Growth Stratagems
Prominent players including Solvay S.A, AGC Inc., The Chemours Company, 3M, Fujian Yongjing Technology Co., Ltd., Pelchem SOC Ltd, BVI, Changshu 3F Zhonghao New Chemical Materials Co., Ltd., are adopting various ground-breaking strategies to enhance their market presence. Further, signing long-term supply contracts, and raising their production capacities to curb the demand pool and gain high-profit margins. Entering emerging markets where demand for electronics is on the rise is the key factor helping manufacturers fetch higher revenues.
• In October 2021, The National Hockey League and The Chemours company announced the multiyear renewal of partnership to continue providing education, technical support, innovation, and sustainable solutions with Opteon refrigerants to support the NHL’s commitment to ensuring levels of hockey thrive for future generations.
Segmentation of Perfluorocarbons Industry Research Report
- By Product :
- Perfluoroalkane
- Alkyne
- Aromatics
- By Application :
- Semiconductor Cleaning
- Tracers & Taggers
- Cosmetics
- Electrical Processing
- Medical Use
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Buy this Premium Research Report:
https://www.factmr.com/checkout/5764
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the perfluorocarbons market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of product (perfluoroalkane, alkyne, and aromatics), application (semiconductor cleaning, tracers & taggers, cosmetics, electrical processing, medical use, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
Mass Beauty & Personal Care Products Market Outlook: Worldwide demand for mass beauty and personal care products is projected to rise at a CAGR of 6% and reach a market valuation of US$ 899.7 billion by the end of 2033.
High Temperature Elastomers Market Outlook: Sales of high temperature elastomers are projected to increase at a healthy CAGR of 7.1% and top a market valuation of US$ 25.5 billion by 2032.
Electronic Grade Hydrogen Peroxide Market Outlook: The global electronic-grade hydrogen peroxide market (EGHP) is set to enjoy a valuation of US$ 1.4 billion in 2022 and further expand at a CAGR of 4.6% to reach US$ 2.2 billion by the end of 2032.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Yash Pathak
Email: yash@factmr.com
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
