WORLD DEMAND FOR FLUOROCHEMICALS TO REACH 2 MILLION METRIC TONS IN THE YEAR 2005.
Response to environmental bans on CFCs and HCFCs has varied greatly among countries and this will play a key role in future prospects for fluorochemicals demand. The US -- the world's largest producer and consumer of fluorochemicals-- and Japan, Latin America and most other developing regions, have generally replaced banned substances with other fluorine-based products. In contrast, Europe, particularly northern countries such as Germany, Denmark and Sweden, has been a strong proponent of hydrocarbons and other nonfluorinated alternatives. As a result, Western Europe will be the slowest growing region, despite relatively healthy gains in demand for fluoropolymers and other specialty fluorine chemicals. The fastest growth is expected in Asia, especially China, India, South Korea and developing nations in Southeast Asia. These countries are experiencing rapid industrialization and rising consumer incomes which will drive demand for refrigeration and air conditioning equipment and other products using fluorochemicals. In addition, these countries are generally expected to replace CFCs with other fluorine compounds, at least in the short term.
The strongest growth for fluorochemicals is expected for a variety of specialty products including gases and polymers used in the electronics industry, pharmaceutical and agrochemical intermediates, novel polymer formulations, various specialty chemicals and HFCs, all of which will record gains well above the industry average. For example, demand for HFCs will increase 16 percent per annum to more than 500,000 metric tons in 2005. Producers continue to develop new products which are expanding the range of fluorochemical uses, with recent new applications including lithium batteries, fuel cells and vinyl siding capstock.
WORLD FLUOROCHEMICAL DEMAND (000 metric tons) % Annual Growth Item 1990 2000 2005 00/90 05/00 World Fluorochemical Demand 1610 1685 1995 0.5 3.4 North America 560 595 685 0.6 2.9 Western Europe 345 300 330 -1.4 1.9 Japan 195 170 185 -1.4 1.7 Other Asia/Pacific 165 345 460 7.7 5.9 Other World 345 275 335 -2.2 4.0 [C] 2001 by The Freedonia Group, Inc.
World Fluorochemicals (published 7/2001, 296 pages) is available for $4,500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedoniagroup.com.
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|Comment:||WORLD DEMAND FOR FLUOROCHEMICALS TO REACH 2 MILLION METRIC TONS IN THE YEAR 2005.|
|Publication:||Research Studies - Freedonia Group|
|Article Type:||Brief Article|
|Date:||Aug 8, 2001|
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