Perfluorocarbons Market (Product: Perfluoroalkanes, Perfluoroalkenes, and Others; and Application: Semiconductor Cleaning, Tracers & Taggers, Cosmetics, Electrical Processing, Medical, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Artificial Photosynthesis Process Helps Develop Nanoemulsions for Cancer Detection
Carbon dioxide is responsible for tremendous harm to the environment and the Earth’s ozone layer. With the introduction of stringent government regulations, manufacturers in various end markets are challenged by related regulations, and are seeking new ways to overcome them. As such, manufacturers in the perfluorocarbons market are gaining leeway out of this challenge, and helping manufacturers in other end markets meet their targets.
Likewise, manufacturers in the perfluorocarbons market are practicing carbon dioxide fixation with the help of organic chemistry and chemical biology. With the help of these two important variables, researchers are experimenting on nanoemulsions that are used for cell imaging in the healthcare landscape. Manufacturers are mimicking the natural photosynthesis process, and combining perflourocarbons with carbon dioxide-fixing bacteria to develop nanoemulsions. These nanoelmulsions are used to bind cells in the body to detect cancer. This artificial photosynthesis technique is an important value addition for stakeholders in the therapeutic landscape.
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Contributions to Photoacoustic Imaging and Nanomedicines Accelerate Perfluorocarbons Market Growth
Since perflourocarbons have established a well-acclaimed purpose in vitreoretinal surgery, manufacturers in the perflourocarbons market are further expanding their application in multiplexed ultrasound and photoacoustic imaging. Laser-activated perflourocarbon nanodroplets are an emerging class of material that act as dual-contrast agents in ultrasound and photoacoustic imaging.
Since perflourocarbons have the ability to differentiate the subpopulations of nanodroplets, color-coded perflourocarbon nanodroplets provide distinctive information on biological targets. Thus, stakeholders in the healthcare space benefit from this information that can be used for a wide range of diagnostic and therapeutic applications.
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Manufacturers are collaborating with researchers and scientists to develop various therapeutic strategies to detect early-stage cancer. This is why, manufacturers in the perflourocarbons market are increasing their focus on nanotechnology and nanomedicine to support the drug delivery supply chain. Contributions in nanomedicines will help healthcare providers strengthen their foundation in tumor-targeting abilities and its associated malfunctionality.
Manufacturers Comply with Regulations and Increase Clinical Trials for Non-invasive Imaging Methodologies
Perflourocarbons are not the major cause of ozone depletion, as carbon dioxide is. But their certain ozone-depleting substances are of great concern for manufacturers in the perflourocarbons market. The United States Environmental Protection Agency has regularized policies and limited the use of perflourocarbons in multiple industrial sectors. To overcome this challenge, manufacturers in the perflourocarbons market are complying with these regulations by consciously controlling the release of perflourocarbons into the environment. They are also actively participating in partnership programs, and through these programs, are gaining insights on cost-effective emission reduction solutions.
On other terms, manufacturers in the perflourocarbons market are collaborating with stakeholders in the healthcare space. These efforts are being made to develop non-invasive imaging methodologies in assessing the potential efficacy of CNS (Central Nervous System) transplantation of stem cells. To investigate this, manufacturers are introducing perflourocarbon dual-modal magnetic resonance imaging with tracer agents to gain information on spinal cord transplantation. However, this method has limitations in thoroughly evaluating the status of cells and their migration in stem cell transplantation. Thus, manufacturers in the perflourocarbons market should team up with researchers to undertake further clinical trials in animals and humans to develop efficacious non-invasive imaging methodologies.
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Analyst’s Viewpoint on Perflourocarbons Market
Apart from contributions to semiconductor cleaning and electrical processing, manufacturers in the perflourocarbons market are increasing the molecule’s application in the healthcare space. Bacterial photosynthesis has captured the attention of stakeholders in various end markets as a means of effectively replacing carbon dioxide microorganisms with organic compounds of perflourocarbons. However, stringent regulations of environment commissions act as a hurdle for manufacturers. To overcome this hurdle, manufacturers should participate in partnership programs and adopt cost-effective methods of minimizing perflourocarbon emissions in the environment. Since the perflourocarbons market is projected to grow at a moderate CAGR of ~4%, manufacturers should increase their production capabilities in Asia Pacific, as this region holds a major market share and is projected to experience fast growth during the forecast period.
Perfluorocarbons Market: Emerging Applications in Medical and Cosmetics Industries to Drive Market
- Perfluorocarbons are a group of chemicals that are composed of carbon and fluorine. All the hydrogen atoms of other fluorochemicals, such as hydrofluorocarbons and chlorofluorocarbons, are replaced by carbon atoms.
- Perfluorocarbons are primarily employed in plasma cleaning of chemical vapor deposition (CVD) chambers. Furthermore, they are widely used as heat transfer fluids in electrical processing.
- The demand for perfluorocarbons in emerging applications, such as an oxygen carrier in the formation of artificial blood and numerous cosmetics products, is estimated to rise at a rapid pace during the forecast period, thus boosting the global perfluorocarbons market.
- Perfluorocarbon liquids (PFCL) can be employed in various medical applications, including ophthalmological operations such as vitreoretinal surgeries. Perfluorocarbons such as perfluorodecalin and perfluoro-n-octane possess unique physical properties that help improve the efficiency and safety of surgical procedures in complicated cases. Thus, rise in the medicinal applications of perfluorocarbons offers lucrative opportunities to the global perfluorocarbons market.
- Manufacturers of perfluorocarbons are focusing on the research & development of perfluorocarbons suitable for use in a particular application. For instance, FluoroMed, L.P. offers perfluorocarbons specifically for medical applications.
Global Perfluorocarbons Market: Highlights
- In terms of value, the global perfluorocarbons market is anticipated to expand at a CAGR of ~3.2% during the forecast period, and reach value of US$ 1.2 Bn by the year 2027.
- In terms of product, perfluoroalkanes held a major share of the market in 2018, due to their wide range of application in electronic, pharmaceutical, and personal care product end-use industries.
- Based on application, the semiconductor cleaning segment accounted for a key share of the global perfluorocarbons market in 2018, owing to the high consumption of perfluorocarbons in plasma cleaning operations.
- Asia Pacific was the leading region of the global perfluorocarbons market in 2018. The market in the region is estimated to expand at a significant CAGR between 2019 and 2027.
- Environment-related concerns pertaining to perfluorocarbons are estimated to hamper the global perfluorocarbons market during the forecast period. Perfluorocarbons do not directly harm the ozone layer; however, they are strong global warming gases. They have high global warming potential. Thus, the regulatory bodies in various countries are controlling the usage of perfluorocarbons to limit their usage as Ozone Depleting Substances (ODS) substitutes.
High Demand for Perfluorocarbons in Cosmetic Applications
- Rise in disposable income and improvement in standard of living, primarily in developing economies, have boosted the demand for cosmetics. The popularity of cosmetics with multiple benefits such as anti-aging properties, moisturizing care, and suntan protection, has been rising across the globe.
- Perfluorocarbons are used as oxygen carriers in cosmetic manufacturing. They are used in a wide range of applications, primarily in anti-aging products.
- High gas dissolving ability along with exceptional toxicological profile make perfluorocarbons one of the preferable cosmetic constituents. Perfluorocarbons are also employed in color products to enhance color endurance. Thus, increase in the adoption of perfluorocarbons in cosmetic applications is estimated to boost the global perfluorocarbons market during the forecast period.
Asia Pacific to Maintain Dominance in Global Perfluorocarbons Market
- In terms of value and volume, Asia Pacific constituted a prominent share of the global perfluorocarbons market in 2018. This can be ascribed to the constant demand for perfluorocarbons in the well-established semiconductor manufacturing industry in countries such as China, South Korea, and Japan.
- Growth of end-use industries, such as electrical & electronics and cosmetics, in Asia Pacific, can be ascribed to the rise in population and increase in disposable income, primarily in developing economies such as China, India, and Indonesia. Furthermore, increase in the local demand for semiconductors in countries such as China, Taiwan, and Japan is fueling the demand for consumer electronic appliances. This, in turn, is augmenting the demand for perfluorocarbons in Asia Pacific.
- The market in Asia Pacific is projected to expand at a rapid pace during the forecast period. North America and Europe also held considerable share of the global perfluorocarbons market in 2018. The perfluorocarbons markets in these regions are likely to expand at a moderate pace during the forecast period.
Global Perfluorocarbons Market: Competition Landscape
- The report comprises detailed profiles of the major players operating in the global perfluorocarbons market. The report also consists of a comparison matrix of the top two players operating in the global market, along with application mapping for 2018.
- Prominent players operating in the global perfluorocarbons market are
- AGC Inc.
- The Chemours Company
- Fujian Yongjing Technology Co., Ltd.
- F2 Chemicals Ltd.
- Changshu 3F Zhonghao New Chemical Materials Co., Ltd.
- Tianhe Chemicals
- Vitreq B.V.
- Pelchem SOC Ltd.
- The global perfluorocarbons market is fragmented due to the presence of a number of global and local players. Companies are primarily focusing on product development for specific applications of perfluorocarbons, such as medical and cosmetics. Key players in North America and Europe are investing in the development of alternatives of perfluorocarbons, due to the latter’s high global warming potential.
Perfluorocarbons Market – Scope of the Report
Transparency Market Research’s recent report on the perfluorocarbons market, with the help of a comprehensive outlook, provides readers with an assessment of the global perfluorocarbons market landscape. This study on the perfluorocarbons market analyzes the scenario for the period of 2019 to 2027, wherein, 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the perfluorocarbons market also provides data on the developments made by important players and stakeholders in the market, along with a competition analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in TMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the perfluorocarbons market for the forecast period of 2019 to 2027.
The study is relevant for stakeholders in the perfluorocarbons market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the perfluorocarbons market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in TMR’s study.
This study also discusses the underlying trends and the impact of various factors that are driving the perfluorocarbons market, along with their influence on the evolution of the market.
This study also offers Porter’s Five Forces Analysis, value chain analysis, and regulatory scenario of the perfluorocarbons market in order to elaborate the crucial growth tactics and opportunities for players contributing to the market.
Key Questions Answered in the Perfluorocarbons Market Report
- How much revenue is the perfluorocarbons market expected to generate by the end of the forecast period (2027)?
- Which regions currently account for the maximum share of the global perfluorocarbons market?
- What are the indicators expected to drive the growth of the perfluorocarbons market?
- Which region is likely to be lucrative during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the perfluorocarbons market to expand their geographical presence?
- What are the major advancements in the perfluorocarbons market?
This report answers these questions about the perfluorocarbons market, aiding major stakeholders and key players in making the right decisions, and strategizing for the advancement of their business.
Perfluorocarbons Market: Research Methodology
This TMR report on the perfluorocarbons market is based on a complete and comprehensive evaluation of the market, supported by secondary and primary sources. The competitive scenario of the perfluorocarbons market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the perfluorocarbons market arrived at predictions and estimations, and have calculated the forecasts for the market.
This report uses an analytical triangulation method to estimate the numbers and figures of the perfluorocarbons market, with both, the bottom-up and top-down approaches.
This detailed assessment of the perfluorocarbons market, along with an overview of the landscape, is provided based on careful examination of the avenues related to this industry. Analysts’ conclusions on how the perfluorocarbons market is set to grow are based on carefully-vetted primary and secondary sources.
Perfluorocarbons Market: Segmentation
This report on the perfluorocarbons market provides information based on three main segments - product, application and region.
Others (including Perfluorocycloalkanes and Perfluoroalkynes)
Tracers & Taggers
Others (including Refrigerants and Coatings)
Middle East & Africa