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Fluoropolymers Market sales to grow at 5.3% % CAGR between 2021 and 2031

Fluoropolymers

Future Market Insights delivers key insights on the worldwide fluoropolymers marketplace in its contemporary document titled ‘Fluoropolymers market: international enterprise analysis and opportunity assessment (2031).’ The lengthy-time period outlook on the worldwide fluoropolymers market stays tremendous, with market price expected to increase at a CAGR of five.1% at some stage in the forecast duration.

The industrial & gadget segment is expected to remain a key give up-use segment, accounting for over one-fourth of the full shares within the global market for the duration of the forecast duration. International sales of fluoropolymers is expected to be worth over US$ 8 Bn by using the give up of 2017.

APEJ is expected to account for a first-rate value share inside the international fluoropolymers market with the aid of 2017 quit and is anticipated to retain its dominance all through the forecast duration. In this document, future market Insights throws light on the drivers and restraints in all likelihood to effect the marketplace in the course of the forecast period.

In line with FMI reports, manufacturing centers are going through extensive challenges to operations. Some of quit use verticals have temporarily suspended operations, either thanks to a sharp drop in demand, or due to government regulations. Those tendencies will hurt prospects of the fluoropolymers marketplace within the quick term.

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“Fluoropolymers are largely used to improve physical and chemical characteristics of coatings in industrial, construction, and household applications. The characteristics of fluoropolymers resins drive applications in production of novel friction reduction materials with thermal and chemical resistance, which will bolster market growth,” says the FMI analyst.

Fluoropolymers Market – Important Takeaways

  • Polytetrafluoroethylene is a highly sought-after fluoropolymer, supported by superior chemical stability and resistance to wear and tear.
  • Industrial sector applications account for major revenue owing to use in filtration membrane, flue gas, and pharma processing equipment.
  • Asia Pacific is a dominant fluoropolymers market owing to substantial demand for fluoropolymers in electronics, automotive, and construction sectors in the region.

Fluoropolymers Market – Driving Factors

  • Extensive use of fluoropolymers in the production of semiconductors is a key growth factor.
  • Expansion of the global automotive industry in emerging economies is contributing to critical growth opportunities.
  • Characteristics including weather stability, chemical resistance, and thermal properties bolster scope of application in multiple verticals.

Fluoropolymers Market – Leading Constraints

  • Strict regulations governing the production and application of fluoropolymers is a key challenge to market growth.
  • Risks of perfluorooctanoic acid contamination in coating applications hurts market prospects.

Expected Impact on Market by Coronavirus Outbreak

With the coronavirus crisis, workers in manufacturing facilities are higher risk, as manufacturing operations cannot be conducted remotely. Consequently, the closure of fluoropolymer production facilities and disruptions in raw material supplies during the crisis period, will hurt near term prospects of the market. However, wide ranging industrial and chemical applications will support a steady recovery once lockdown restrictions are relaxed.

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Competition Landscape

Some of the top players operating in the fluoropolymers market are 3M Company, Halopolymer OJSC, DuPont Company, Kureha Corp., BASF SE, Hindustan Fluorocarbons Ltd., Daikin Industries Ltd., Saint Gobain S.A., Arkema Group, Honeywell International Inc., and Solvay Chemicals Inc. Market players are pushing for strategic collaborations and product development to aid market presence. For instance, Poeton has launched a nickel and fluoropolymer surface treatment material in July 2020.

Fluoropolymer Market by category

By Product Type:

  • PolytetraFluoroethylene (PTFE)
  • Polyvinylidene fluoride (PVDF)
  • Polyvinyl Fluoride  (PVF)
  • Fluorinated Ethylene Propylene (FEP)
  • Polychlorotrifluoroethylene (PCTFE)
  • Perfluoroalkoxy Polymer (PFA)
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

to be continued…!