Fluoropolymers Market (By Type: Polyvinylidene Fluoride (PVDF), Fluoroelastomers, Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), and Other Fluoropolymers; By Application: Automotive & Transportation, Building & Construction, Electrical & Electronics, Industrial Processing, and Other Applications; Global Scenario Market Size, Outlook, Trend and Forecast, 2015 â€“ 2024
Fluoropolymers Market Overview:
The Global Fluoropolymers Market is estimated to reach $10.5 Billion by 2024; growing at a CAGR of 6.9% from 2016 to 2024. In terms of volume, the market is projected to reach 550 Kilo Tons by 2024, at a CAGR of 5.8% from 2016 – 2024. Fluoropolymer is a fluorocarbon based polymer comprising several strong carbon-fluorine bonds. The fluoropolymers are categorized by high defiance to acids, bases, and solvents. They are stable in nature because of the stability of several carbon-fluorine bonds. The properties of fluoropolymers adapt resistant to corrosion from most of the materials and has better high-temperature stability than any other plastic. Other outstanding properties of these polymers are low-friction, non-adhesiveness, and other superior electrical properties. They find wide applications in automotive, aircraft, semiconductors, IT, and other sectors.
The global fluoropolymer market is driven by surge in demand from numerous end-use industries such as automotive, electronics & electrical, medical, industrial & chemical processing, and houseware, among others. Mended guidelines for the use of Fluoropolymers by the regional environment organizations, and enhanced performance of HPFs have also supported the market growth. The fluoropolymers are application specific due to cost which is a major drawback for the growth of the market. Moreover, new investments in developing research facilities for FEP, PTFE, and PVDF, and advancement in technology are expected to create several growth opportunities for the market in the forecast period.
The global Fluoropolymers market is mainly classified on the basis of type, application, and geography. The segmentation by type includes polyvinylidene fluoride (PVDF), fluoroelastomers, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and other fluoropolymers. By application, the market is segmented into automotive & transportation, building & construction, electrical & electronics, industrial processing, and other applications.
Based on geography Fluoropolymers market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The prominent players operating in the market are Honeywell International Inc., Asahi Glass, Daikin Industries, 3M, Solvay, Shanghai 3F New Materials Co. Ltd., Kureha Corporation, Zhejiang Juhua Co. Ltd., Dyneon GmbH, and Fuxin Heng Tong Fluorine Chemicals Co. Ltd., among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Fluoropolymers Market with respect to major segments such as type, application, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Fluoropolymers Market has been included in the report
- Profile of the key players in the Global Fluoropolymers Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Fluoropolymers Market
- Polyvinylidene Fluoride (PVDF)
- Polytetrafluoroethylene (PTFE)
- Fluorinated Ethylene Propylene (FEP)
- Other Fluoropolymers
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Industrial Processing
- Other Applications
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East