Global Fluoropolymers Market was valued at $5,404 million in 2015, and is expected to reach $9,034 million by 2022, registering a CAGR of 7.7% from 2016 to 2022. Fluoropolymers are fluorocarbon-based polymers, which consist of multiple strong carbon-fluorine bonds and are characterized by high resistance to acids, solvents, and bases. These are stable in nature due to the stability of multiple carbon-fluorine bonds. In addition, mechanically these polymers are characterized as thermosets or thermoplastics. Fluoropolymers are widely used in semiconductors, automotive, aircraft, and IT among other common household appliances. They offer several excellent characteristic properties such as low friction; non-adhesiveness; and chemical, weather, and heat resistance; along with superior electrical properties.
The report segments the global fluoropolymers market based on type, application, and geography. Based on type, it is divided into polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene propylene (FEP), fluoroelastomers, and others. Based on application, it is classified into automotive, electrical & electronics, construction, industrial applications, chemical processing, healthcare, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets, By Application
The automotive application segment offers maximum market potential in the fluoropolymers market, owing to increase in demand for automobiles and rise in investments for light weight vehicles. Moreover, rise in demand for general and commercial utility vehicles globally, increase in inclination of consumers toward efficient & lightweight vehicles, and growth in public transportation expenditure boost the demand for fluoropolymers in automotive application. The use of fluoropolymers in automotive industry has witnessed major developments, owing to constant growth in per capita disposable income. The automotive segment is expected to register a CAGR of 8.2% during the forecast period. However, fluctuations in the crude oil prices are expected to affect the overall market growth in the developed and the developing countries and investments in R&D activities are expected to provide opportunities for growth in the near future.
Asia-Pacific accounted for more than 45% share of the total revenue in 2015, followed by North America and Europe. The developing countries in Asia-Pacific are anticipated to register steady growth rates, owing to increase in growth of the overall economy. Moreover, rise in investments by key manufacturers in this region is another key aspect that fuels the market growth.
The key players have made high investments in R&D activities to develop advanced products to cater to the requirements of the market. Players operating in the industry include The Chemours Company, Daikin Industries Ltd., The 3M Company, Solvay SA, Dongue Group, Jiangsu Meilan, Shanghai Sanaifu, Arkema SA, Gujrat Fluorochemicals Ltd., and Asahi Glass Co. Ltd.
The other players in the value chain (profiles not included in the report) include Halopolymer OJSC, Honeywell International Inc., Kureha Corporation, Saint-Gobain, Zhejiang Juhua Co. Ltd., Shanghai 3F New Materials Co. Ltd., Fuxin Heng Tong Fluorine Chemicals Co. Ltd., Whitford, Zeus Inc., Chenguang R.I.C.I, and others.
Key Benefits for Stakeholders
The report provides extensive qualitative and quantitative analyses of the current trends and future estimations of the global fluoropolymers market from 2014 to 2022 to determine the prevailing opportunities.
It offers comprehensive analysis of key regions, such as North America, Europe, Asia-Pacific, and LAMEA, to understand the regional trends.
In-depth analysis of factors that drive and restrict the market growth is provided.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report offers key insights on strategic analysis of various companies and the value chain analysis of automotive lubricants.
Fluoropolymers Market Key Segments:
Polyvinylidene Fluoride (PVDF)
Fluorinated Ethylene Propylene (FEP)
Others (PFA, PCTFE, and Others)
Electrical & Electronics
Others (Transportation and Others)
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