挥发 specifically means evaporation at ordinary temperatures (without boiling) — perfumes, alcohols, ethers, gasoline. For boiling-point evaporation use
蒸发 zhēngfā (steam off, water in a kettle). Common compounds:
挥发性 huīfāxìng (volatility / volatile [adj.]),
挥发油 huīfāyóu (essential oil).