Fluorochem demand to rise through 2011 - firm

20 August 2007 21:10  [Source: ICIS news]

HOUSTON (ICIS news)--Global demand for fluorochemicals is forecast to increase by 3.1%/year through 2011 due to growth by industrialising countries, the market research firm Freedonia Group said on Monday.

The firm said demand for fluorochemicals - a downstream product of chlor-alkali derivatives perchloroethylene, trichloroethylene and chloroform - will reach 2.9m tonnes by 2011, compared with 2.5m tonnes in 2005, while prices were expected to rise by  5.5%/year to $17.4bn (€12.9bn) over the same period.

“Rising income levels and advancing manufacturing sectors are directing most of the demand growth to industrialising countries,” a trend illustrated by the recent emergence of China as the world’s largest fluorochemical market, Freedonia said.

The firm said fluorochemical demand would increase by 3.6% in Asia and 1.6% in North America by 2011, but would fall by 0.3% in western Europe due to international agreements such as the Kyoto Protocol and concerns over the role fluorochemicals have played in global climate change.

“Although the ongoing phase-out for ozone-depleting CFCs [chlorofluorocarbons] and is nearly complete in most markets, global consumption of less damaging HCFCs [hydrochlorofluorocarbons] continues to expand,” Freedonia said.

($1.00 = €0.74)

By: Greg Holt
+1 713 525 2653

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