Overview of enterprises supplying fluorinated liquids for liquid cooling

【Answer 1】 Solvay Group is a multinational chemical corporation headquartered in Brussels, Belgium, founded in 1863 by Belgian chemist Ernest Solvay. Solvay’s products are widely applied across numerous industries, with 90% of its sales products ranking among the world’s top three. The company holds prominent positions in rare earths, silica fume, engineering plastics, polyamides and intermediates, flavors and functional chemicals, basic chemicals, specialty chemicals, specialty polymers, and emerging biochemistry. Solvay’s primary fluorinated liquid offering is Fomblin YLVAC 25/6—a perfluoropolyether (PFPE) fluid—characterized by non-flammability, high-temperature stability, lubricity, absence of flash point, high dielectric strength, and low surface tension; it is primarily used in data center liquid cooling. 03 AGC Inc. AGC Inc., formerly Asahi Glass Co., Ltd., is a Japanese glass manufacturing company and the world’s second-largest glass producer, established in 1907—over a century ago—with Mitsubishi Group as its parent company. AGC Group strives to become a globally outstanding enterprise delivering high profitability and growth, leveraging core technologies in glass and fluorine chemistry to serve as a global materials supplier. AGC’s main fluorinated liquids include the ASAHIKLIN AC and AE series: ASAHIKLIN AC-6000 is a hydrofluorocarbon (HFC), while the ASAHIKLIN AE-3000 series comprises hydrofluoroethers (HFEs), primarily used for immersion liquid cooling, precision cleaning, and electronic equipment cooling. 04 The Chemours Company The Chemours Company is a multinational chemical enterprise holding market leadership positions in titanium technologies, thermal management and specialty solutions, and high-performance materials. Responding to global demand for fluorinated liquids with reduced environmental impact, Chemours developed Opteon™ (Opteon™) SF10—a specialized fluorinated liquid. It is a transparent, colorless, non-flammable, thermally stable hydrofluoroolefin (HFO) fluid. Additionally, the company recently announced significant progress in the development and production of Opteon™ 2P50—a novel heat-transfer fluid designed specifically for two-phase immersion cooling (2-PIC). This proprietary fluid is currently undergoing final manufacturing tests and is expected to achieve initial commercialization in 2025, pending regulatory approvals. 05 Zhejiang Juhua Co., Ltd. The Juhua Group Technical Center has officially launched its high-performance Juxin Dedicated Cooling Liquid, filling a critical domestic gap in high-performance cooling fluids for big-data centers. This cooling liquid was successfully developed by Juhua Group’s R&D team at its Technical Center, drawing upon over a decade of accumulated expertise in cooling-fluid research and development. In August 2021, Zhejiang Chuangfu High-Tech—a subsidiary of Juhua—broke ground on its “Annual Production Capacity of 5,000 Tons of Juxin Cooling Liquid” project, with a total investment of RMB 510 million. The industrialization project employs industry-leading preparation process technologies, delivering significant energy-saving, emission-reduction, and carbon-abatement benefits. Upon completion, this facility will become the world’s leading single-line immersion-cooling-fluid production unit in both technological sophistication and production capacity, effectively meeting domestic demand for immersion cooling fluids.

Global Top 30 Electronic Fluorinated Liquid Providers for Data Center Liquid Cooling — Recommended for Bookmarking and Sharing

【Answer 2】 Regionally, Europe is the world’s largest consumer market for electronic fluorinated liquids, accounting for 52% of global demand; the United States and China follow closely, representing 20% and 15% of the global market share, respectively. 06 Global Fluorinated Liquid Enterprise Recommendations (Top 30) 1. Solvay: A global leader in the fluorinated liquid sector, Solvay—alongside 3M and AGC—dominates approximately 80% of the high-end global fluorinated liquid market. It serves as a key supplier for immersion liquid cooling in data centers. Its technical strength lies in deep R&D along the perfluoropolyether (PFPE) pathway, exemplified by the Galden® series (e.g., HT, D, LS/HS), which offers an ultra-wide operating temperature range (−70°C to 290°C), exceptional chemical inertness, high dielectric strength (40 kV), non-flammability (no flash point or autoignition point), and certifications including FM 6930 and NSF food-contact approval. In application, Galden® fluorinated liquids demonstrate outstanding material compatibility and thermal stability across semiconductor manufacturing, data center cooling, and electronic testing—e.g., higher-boiling grades minimize evaporation loss, while single-fluid system designs significantly reduce operational costs. Although priced higher than domestic alternatives (e.g., comparable 3M products sell for RMB 600,000–700,000 per ton, with Solvay targeting a similar premium segment), Solvay’s vertically integrated supply chain and large-scale production capacity—including polymer capacity expansion at its Changshu, China site—support robust global supply. In partnerships, Solvay is deeply integrated into NVIDIA’s DGX server ecosystem and accesses the data center supply chain via thermal management leaders such as Vertiv, while maintaining long-term collaborations with top-tier semiconductor manufacturers and packaging/test providers. 2. Chemours: As one of the world’s top three fluorinated liquid suppliers, Chemours leads in immersion cooling for data centers and semiconductor cleaning thanks to its proprietary hydrofluoroolefin (HFO) technology platform. Its Opteon™ product line features low global warming potential (GWP), non-flammability, high material compatibility, and superior heat-dissipation performance—enabling data center PUE values approaching 1.0 through phase-change cooling. Though positioned in the premium segment—resulting in relatively high costs—Chemours maintains competitiveness via vertical integration and scale-up manufacturing, including collaborative production in India and technical upgrades at its Changshu, China site. Chemours holds international certifications from the U.S. EPA and UL, and has forged deep strategic partnerships with leading customers including NVIDIA, Samsung Electronics, and Liquid Stack, further solidifying its market leadership. 3. AGC (Asahi Glass Company): As one of the world’s top three fluorinated liquid suppliers, AGC maintains leadership in immersion cooling for data centers and semiconductor cleaning through dual technological pathways—perfluoropolyether (PFPE) and hydrofluoroether (HFE). Its ASAHIKLIN™ product line delivers non-flammability, low GWP, high material compatibility, and precision-cleaning capabilities. While its premium positioning entails higher costs, AGC sustains competitiveness through comprehensive vertical integration and capacity expansions in Japan and at its Changshu, China site. Its products have received international certifications including FM 6930 and NSF, and AGC has established deep cooperative relationships with NVIDIA, Vertiv, and leading semiconductor manufacturers—continuously reinforcing its global market leadership.

Chemours Faces Class Action Lawsuit Over Opteon Product Demand Claims

Oct 15, 2026

A class action lawsuit was filed against Chemours Co alleging false statements regarding Opteon product demand and unreliable financial guidance for 2026.

ACCESS Newswire

Chemours Co Faces Securities Class Action Over Opteon Demand Claims

GlobeNewswire

Chemours Company Faces Class Action Lawsuit Over Refrigerant Demand Allegations

Morningstar

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2026-10-09

Chemours Company Faces Securities Fraud Class Action Over Opteon Demand Claims

2026-10-11

Chemours Faces Securities Lawsuit Over Disclosures and Guidance

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