The global fluorochemicals market is expected to reach USD 24.99 billion by 2020, according to a new study by Grand View Research Inc. Positive demand outlook from key application markets such as refrigeration, HVAC, aluminum , steel and electronic consumables is expected to drive fluorochemical sales over the next six years. The gradual recovery of automotive industry, especially in Asia and increasing application scope for PTFE in chemical processing, construction, electronics, automotive, cookware and medical is also expected to drive fluorochemical demand over the forecast period.