Fluorohydrocarbon Market Size, Share, Opportunities, And Trends By Product (Fluorocarbons, HCFC, HFC And Others, Inorganic Chemicals, Fluoroelastomers, Others), By Application (Refrigerants, Aluminum Production, Blowing Agents, Others), And By Geography - Forecasts From 2025 To 2030

The fluorohydrocarbon market is expected to grow at a CAGR of 5.11%, reaching a market size of US$ 36.567 billion in 2030 from US$ 28.498 billion in 2025.
The increased use of fluorohydrocarbon in multiple sectors has created an increased demand for the substances. For instance, HFO-1234ze(E) is used for the heat pumps at a data center to provide cooling for the data center and utilize the waste heat. Further, the district heating and cooling systems use the fluorocarbon refrigerants HFCs and HFOs for improved energy efficiency and reduced GHG emissions. The heat pumps use HFC, HFC/HFO blends, and HFO for safety.

Other applications included in the manufacturing of semiconductors, use in magnesium casting, electronics manufacturing, etc. With the increased industrialization and manufacturing processes in the developing regions of Asia Pacific, Middle East, and Africa fluorochemicals are essential in meeting the rising production demands.

What are the fluorohydrocarbon market drivers?

• Increasing demand from semiconductor manufacturing

Semiconductor manufacturers use a variety of fluorohydrocarbon global warming-potential (GWP) gases to create intricate circuitry patterns upon silicon wafers and to rapidly clean chemical vapor deposition (CVD) tool chambers. The manufacture of high-volume and advanced semiconductors requires using fluorinated chemicals known as Per- and polyfluoroalkyl substances (PFAS). PFAS are used due to their low surface tension and compatibility with other chemicals. These perfluorocarbons are: CF4, C2F6 and C3F8, hydrofluorocarbons such as CHF3, CH3F and CH2F2, nitrogen trifluoride (NF3) and sulfur hexafluoride (SF6). As the application and demand for the semiconductor industries are growing, the need for the fluorohydrocarbon would also expand for the application.

• Rising numbers of data centers worldwide

Since the demand for digital services is growing rapidly, the number of internet users worldwide has more than doubled, and global internet traffic has also expanded. Rapid energy efficiency improvements helped moderate growth in energy demand from data centers and data transmission networks. Large data centers use massive amounts of energy to process and store data. Similar quantities of energy can be required for cooling to maintain the necessary data operating temperature. HFCs, including R-134a and R-410A, and HFOs are widely used for data center cooling.

A range of compressors are used for the high-capacity centrifugal chillers, which have large refrigerant charges. The Internet of Things (IoT), cloud computing, and smart technology are also expanding data center installations. The large demand for data center cooling drives the requirement for higher efficiency.

• Growing demand for the EVs

The electric vehicles (EVs) sales growth is significant for the demand for fluoropolymer materials. Polyvinylidene fluoride (PVDF) polymers are widely used as binders in lithium-ion batteries. PVDF improves the energy density, safety, and power of EV batteries. Globally, electric vehicle sales in 2023 exceeded 14 million, and the market share expanded from 4% in 2020 to 18% in 2023. Fluoropolymers contribute significantly to the safety aspects of the automotive industry as well. With the increase in the automobile industry growth, fluorohydrocarbon will expand due to its application in different aspects of automobile manufacturing.

Geographical outlooks of the fluorohydrocarbon market:

• The Fluorohydrocarbon market is segmented into five regions worldwide

By geography, the fluorohydrocarbon market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see the fastest growth in the fluorohydrocarbon market due to increasing applications in consumer electronics and the automobile sector here. In India, from 2022 to 2023, the export of white goods such as refrigerators, freezers, and other refrigerating equipment accounted for US$40.97 million.

North America is expected to have a significant share in the fluoro hydrocarbon market due to the production of refrigerants, aluminum, and others. U.S. semiconductor fab capacity would likely increase by 203% from 2022-2032, a tripling of U.S. capacity. These hikes in the industries would lead to the fluorohydrocarbon market expansion.

Major products in the fluorohydrocarbon market:

• Genetron Performax LT by Honeywell Fluorine Products  – Honeywell’s Genetron Performax LT is a mixture of conventional hydrofluorocarbon refrigerants. It can be used for new commercial installations and with minimal change. It is the lower GWP refrigerant for supermarket installations with improved energy efficiency compared to other HFCs and is a replacement for R-404A in both low and medium-temperature supermarket applications.
• Koura offers Klea 407A (R-407A)- Koura offers Klea 407A (R-407A), a low GWP refrigerant suitable for use in medium and low-temperature supermarket applications. It can be used for new installations and retrofits on existing R-22, R-507, and R-404A units. Klea 407A meets the GWP requirements beyond 2030.
• Arkema's fluorochemicals- Arkema offers a range of fluorochemicals. It can be used in products including refrigerants, foam-blowing agents for foams, solvents, and propellants for aerosols. The range of Forane fluorochemicals includes Hydrochlorofluorocarbons (HCFCs), Hydrofluorocarbons (HFCs), Hydrochlorocarbons (HCCs), Inorganic specialties (BF3), Lithium battery electrolyte salts and additives (LiFSI, LiTDI). Forane foams, solvents, and aerosols are used in a wide range of applications like solvents for precision cleaning, propellants for aerosols, agents for the production of foam, insulation boards, and sandwich panels

Key developments in the fluorohydrocarbon market:  

The market leaders for the fluorohydrocarbon market are 3M, DuPont, DAIKIN INDUSTRIES, Ltd., Solvay, Arkema, and Merck KGaA, among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In September 2024, FluoRok, an Oxford-based start-up, raised £7.7m to scale up, manufacture, and commercialize novel fluorochemical reagents and battery electrolyte salts. The funding was led by BGF alongside the Green Generation Fund and included battery specialist Volta Energy Technologies, Oxford Science Enterprises and University of Oxford, Excellis Holding, and angels. The market for fluorochemical manufacturing is valued at $24bn. FluoRok developed a safe and sustainable approach that completely bypasses hydrogen fluoride. This would provide environment-friendly access to fluorochemicals while reducing process costs.
• In July 2023, Chemours launched a new specialty fluid for two-phase immersion cooling. Opteon 2P50  is a proprietary hydrofluoroolefin (HFO) dielectric fluid designed to meet the growing demand for high-performing products that reduce environmental impact. Opteon 2P50 has zero ozone depletion potential (ODP) and substantially lower global warming potential (GWP) than incumbent fluids. This fluid is currently in the final testing stages for manufacturing capability. Chemours Company is a global chemistry company with significant positions in titanium technologies, thermal & specialized solutions, and advanced performance materials.
• In December 2022, Solvay and ?Electronic Fluorocarbons (EFC) partnered to provide Solvay products to semiconductor manufacturers and suppliers in North America.  The need to produce semiconductors will continue to increase sustainable solutions to help the semiconductor industry operate more efficiently during the forecast period.
• In February 2022, Solvay is extending its production capacity of high-performance polymer Solef polyvinylidene fluoride (PVDF) at its site in Tavaux, France. This project would expand capacity in Europe to 35 kilotons, creating the largest PVDF production site in the region. This investment is €300 million, a fully integrated and digitalized PVDF operation. It would extend the capacity to 35 kilotons, making it Europe's largest PVDF production site.

The fluoro hydrocarbon market is segmented and analyzed as follows:

• By Product
  • Fluorocarbons
  • HCFC
  • HFC And Others
  • Inorganic Chemicals
  • Fluoroelastomers
  • Others
• By Application
  • Refrigerants
  • Aluminum Production
  • Blowing Agents
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Increasing demand from semiconductor manufacturing

4.1.2. Rising numbers of data centers around the world

4.1.3. Growing demand for the EVs

4.2. Market Restraints

4.2.1. Availability of substitutes

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. FLUOROHYDROCARBON MARKET BY PRODUCT 

5.1. Introduction

5.2. Fluorocarbons

5.3. HCFC

5.4. HFC And Others

5.5. Inorganic Chemicals

5.6. Fluoroelastomers

5.7. Others

6. FLUOROHYDROCARBON MARKET BY APPLICATION 

6.1. Introduction

6.2. Refrigerants

6.3. Aluminum Production

6.4. Blowing Agents

6.5. Others

7. FLUOROHYDROCARBON MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. 3M

9.2. DuPont

9.3. DAIKIN INDUSTRIES, Ltd.

9.4. Solvay

9.5. Arkema

9.6. Merck KGaA

9.7. Hindustan Fluorocarbons Limited. 

9.8. INOXGFL Group

9.9. Halocarbon, LLC

9.10. Chemours

9.11. Koura

9.12. Honeywell Fluorine Products

3M

DuPont

DAIKIN INDUSTRIES, Ltd.

Solvay

Arkema

Merck KGaA

Hindustan Fluorocarbons Limited. 

INOXGFL Group

Halocarbon, LLC

Chemours

Koura

Honeywell Fluorine Products