Global Fluoropolymer Market to Witness a Pronounce Growth During 2023
The Amorphous Fluoropolymer is formed by the reaction of Tetrafluoroethylene (TFE) and Perfluoro (2,2-dimethyl) -1,3 Dioxolane (PDD). It is completely non-crystalline transparent amorphous polymer, no obvious melting point, has good optical and electrical properties, but also has excellent resistance to chemical, heat resistance, good mechanical properties and physical properties.
In the past several years, the global Amorphous Fluoropolymer market is relatively stable with CAGR of 2.63% from 2012 to 2016. In 2016, the global actual consumption amount of Amorphous Fluoropolymer was around 1602 Kg.
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Global Fluoropolymer Market: Forecast by Type / Application / Region
Amorphous Fluoropolymer can be used in various fields, Optical Applications, Electrical Applications and Chemical Applications etc. Optical Applications is the largest application of Amorphous Fluoropolymer, with market share of 47.39% in 2016.
The largest producers of Amorphous Fluoropolymer in the worldwide are Chemours, AGC and Solvay. The largest producing of Amorphous Fluoropolymer is Chemours, accounting about 44.51% of Global production. Solvay accounting about 30.59% of Global production and AGC accounting about 24.91% of Global production in 2016
The Global Amorphous Fluoropolymer market would growth with CAGR of 4.23% from 2017 to 2023. The annual consumption amount of Amorphous Fluoropolymer would reach to 2069 Kg in 2023. In the future, the consumption in Optical Applications would be the growth point in developing countries.
Over the next five years, LPI(LP Information) projects that Fluoropolymer will register a 11.0% CAGR in terms of revenue, reach US$ 230 million by 2023, from US$ 130 million in 2017.
Global Fluoropolymer Market: Key Players
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