Global fluoropolymer market is estimated to grow

Author : Acumen Research and Consulting

The fluoropolymer market is globally segmented on the basis of the type, application, and geography. When talking about the type, the market can be classified into polyvinylidene fluoride (PVDF), fluoroelastomers, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and other fluoropolymers. On the basis of application the global fluoropolymer market is divided by automotive & transportation, building & construction, electrical and electronics, industrial processing, and others. Geographically the fluoropolymer market is segmented by North America, Europe, South America, Asia-Pacific, and Rest of the World (Latin America, Middle East and Africa).

The global fluoropolymer market has been growing in the recent times. The advancement of prominent industries of this market and increasing demand of fluoropolymers has driven the global growth. The Asia- Pacific region has registered significant demand of fluoropolymers changing the scenario of global fluoropolymer market. The CAGR of the global fluoropolymer market in regard with the volume is expected to grow at the rate of 5.1% during the forecast period of 2016 to 2022, touching the volume of 475 kilo tons and more in 2022. The total global fluoropolymer market is expected to grow at a CAGR of 5.9% during the forecast period reaching a total market value of roughly $8.8 billion by the end of the forecast period; the year 2022.

Here are some more points that explain about the global fluoropolymer market:

  • Geographically, the Asia- pacific market secured the largest market share of almost 40% in 2015, and in the forecast period it is expected to grow at a CAGR of over 6%.
  • In accordance with the type segmentation of the global fluoropolymer market, polytetrafluoroethylene (PTFE) segment dominated in terms of volume by over 50% market share in 2015. By 2022, it is expected to touch the value of $4.5 billion at a CAGR of 6%.
  • On the basis of different applications of fluoropolymers, the segment of electrical and electronics held the largest share in terms of value in the global fluoropolymer market in the year 2015. During the forecast period, this segment is estimated to grow at a CAGR of over 6%.
  • Few of the most prominent players of the global fluoropolymer market are Daikin Industries Limited, The Solvay SA, Arkema SA, Dongyue Group Ltd, HaloPolymer OJSC Ltd, E I DuPont de Nemours and Company, Kureha Corporation, AGC Chemicals, 3M Company, Saint Gobain Ltd, Fuxin Hengtong Fluorine Chemicals Co. Ltd., and The Chemours Company.

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