Fluoropolymer Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

Category : Chemicals and Materials | Published at : November-2017 | Delivery Format : PDF | Status: Published | Pages : 150

Fluoropolymer is a high performance polymer comprising molecules of fluorine and carbon. It is a high performance plastic used in harsh environments in industrial applications where a critical performance specification is required. The major application areas of fluoropolymers include aerospace, automotive, electronics and telecommunication, consumer products and others. Fluoropolymers are also used in nonstick cookware and appliances as a nonstick coating. Fluoropolymers are also finding applications in healthcare sector owing to its ability to meet physical and biocompatibility requirements of net generation drugs and devices. 
Fluoropolymers show high resistance towards solvents, acids and bases. They can be classified mechanically as thermoplastics or thermosets. Fluoropolymers are commonly classified into two classes, perfluorinated fluoropolymers and partially fluorinated fluoropolymers. Perfluorinated are homopolymers (made of only one kind of monomer) and copolymers (made by the polymerization of two different kind of monomers) of TFE (tetrafluoroethylene). Partially fluorinated one contains hydrogen (H) or other atoms such as chlorine, accumulated to fluorine and carbon. Fluoropolymers are relatively unreactive and chemically stable. Fluorine induces more stability as compared to chlorine.  
Report Description
The market research study on “Fluoropolymer Market (Type: Polyvinylidene Fluoride (PVDF), Fluoroelastomers, Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Others; Application: Automotive and Transportation, Building and Construction, Electricals and Electronics, Industrial Processing, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2012-2022” offers a detailed study on the global fluoropolymer market entailing insights on its different market segments. The report provides insight on global market, type, applications, and geography along with discussing various factors driving and restricting the market growth and their impact on the market. The report covers historic, current, and forecast market sizes and volume estimates for the mentioned market segments and sub-segments along with the country analysis for each of these regional markets. The major regional markets considered under the report scope include North America, Europe, Asia-Pacific, South America, and Rest of the World. These regions are further bifurcated into major countries in the region. The report also features company profiles of few leading players operating in the market and the strategies deployment by them. 

Report Coverage

 Market Consideration 

 Global Fluoropolymer Market

 Analysis Period

 2012 – 2022

 Historic Data

 2012 – 2015

 Actual Data/Base Year 


 Forecast Data

 2017 – 2022 (Revenue and Volume)

 Market Stratification

 Type, Application, Geography

 Regional Scope

 North America, South America, Europe, Asia-Pacific, Rest of the World

 Report Coverage

 Key Trend Analysis, Drivers, Restraints, Competitive Positioning of Key Players,

 Porter’s Five Forces Analysis, Strategic Developments in the Market

Market Dynamics
The growth in key industries, strong demand for fluoropolymers from Asia-Pacific, and rise in industrial applications of fluoropolymers are particularly responsible for the growth of global fluoropolymers market. Fluoropolymers are widely used in various electrical & electronics, and automotive applications. In 2015, the electrical & electronics was the largest application industry for the use of fluoropolymers. Automotive & transportation industry is expected to witness comparatively higher growth during the forecast period. Fluoropolymers are widely used in automotive industry in the form of elastomers and thermoplastics due to its high resistance to elevated temperatures, fuels, and lubricants. They find their applications in fuel tank filler necks, fuel and vapor management hoses, diaphragms, wire insulations, O-rings, and seals. The continuous R&D in fluoropolymers applications in automotive industry to achieve more efficient cars in terms of reduced emissions, developing alternative propulsion systems, and advanced driver assistance and safety systems in the transport sector; will further propel the fluoropolymers market.
Further, fluoropolymers are also used in the photovoltaic industry due to their durability, chemical and environmental resistance, flexibility, photostability, electrical isolation, and moisture resistance. Solar PV market is expected to experience strong growth on account of increasing government initiatives and investment. Also, stringent environmental regulation, switching to green energy sources and advancement in technology are the key factors which are expected to increase the number of installations in nearby future. The photovoltaic market is growing robustly in various industrial segments and applications owing to its minimum maintenance, environmental friendly attributes, and cost saving. Increasing concern for cutting carbon emissions and dependency on fossil fuels for energy generation has left a void, which is offering a high growth potential market for solar energy, which in turn is expected to increase PV installation. 
Segment Overview
The developing economies in Asia-Pacific such as India, China, and Indonesia are propelling the growth of fluoropolymers market. Asia-Pacific held the largest share in 2015, in the global fluoropolymer materials market and is expected to grow at a highest CAGR during the forecast period. The main drivers behind the growth of this region include growing infrastructure development, increasing demand for automobiles and strong development in electronics industry in the region. Furthermore, the buying power of individuals in the region has grown significantly which has increased the living standard of individuals, resulting in more expenditure on automobiles, housing, and electronics. Among the various countries in the region, China is the main consumer of fluoropolymers due to its significant growth in electronics sector. 
Increasing use of fluoropolymers in pharmaceutical industry has also opened up the new market opportunity for fluoropolymers in regional market as developing nations such as India, Thailand, China and Malaysia have high growing pharmaceutical industry. Governments are emphasizing on providing affordable medical facilities to each and every citizen of the nation.
Market Segmentation
Market By Type
  • Polyvinylidene fluoride (PVDF) 
  • Fluoroelastomers 
  • Polytetrafluoroethylene (PTFE) 
  • Fluorinated ethylene propylene (FEP) 
  • Other fluoropolymers
Market By Application
  • Automotive & transportation 
  • Building & construction 
  • Electrical and electronics 
  • Industrial processing 
  • Others
Market By Geography
  • North America
    • U.S. 
    • Canada
    • Rest of North America
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Rest of South America
  • Rest of the World (RoW)
Companies Profiled
The player profiled in the report includes 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 among others. Mergers and acquisitions for innovation and new product development and partnership for enhancing product quality are some of the major strategies followed by leading players in this market to sustain market competition.  

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