Automotive Fluoropolymer market size will shoot up to US$ 1.4 billion by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Automotive Fluoropolymer Market scenarios and has also estimated the Automotive Fluoropolymer market size to reach US$1.4 billion by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

Click here for a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/539/automotive-fluoropolymers-market.html

Rising global temperature, changing customer requirements, the introduction of stringent government regulations regarding safety and emission reductions, and rising traffic congestion are some of the factors that are compelling all the industries to build more sustainable business environments. The impact of these factors has been the most on the automotive industry with this decade being the most disruptive one with several megatrends collectively transforming the industry. Among many megatrends, the most noticeable ones are autonomous, emission-free mobility, fuel efficiency, sharing, and connected vehicles. Today, almost all the major automakers are putting efforts for the development of vehicles addressing most of these trends.

Among these megatrends, the development of fuel-efficient vehicle is equally imperative which has efficaciously been being unraveled by automakers by making essential changes in the materials, vehicle design, geometry, aerodynamics, etc. They have been meticulously leveraging the potential of fluoropolymers in the critical sections of vehicle in order to address the tightening carbon emission standards of government or regulatory authorities regarding fuel efficiency enhancements.

Currently, the automotive industry accounts for merely 15% of the total fluoropolymers consumption in terms of volume; however, the industry is indisputably one of the fastest-growing end-use segments of fluoropolymers, outpacing the average industry growth, propelled by an incessant rise in the penetration of fluoropolymers in various applications including seals and hoses, especially for charge air coolers. The demand for charge air cooler has been at pinnacle because of rising demand for turbocharged vehicles in both gasoline as well as diesel vehicles, giving an impetus to demand fluoropolymers and creating new revenue pockets for the market participants.

Click here for description of the report:
https://www.stratviewresearch.com/539/automotive-fluoropolymers-market.html

The automotive fluoropolymers market is segmented based on vehicle type as passenger car, LCV, and M&HCV. Passenger car is expected to remain the largest market segment over the next five years. The vehicle type (passenger car) is also likely to witness the highest growth during the same period. Large production of cars coupled with high penetration of fluoropolymers has led to the huge dominance of the segment in the market.

Based on the product type, the automotive fluoropolymers market is segmented as PTFE, FKM, PVDF, and others. PTFE is likely to remain the most dominant fluoropolymer type consumed in the automotive industry during the forecast period, whereas FKM is likely to witness the highest growth during the same period. FKM is a preferred choice of material in various fuel system applications, such as fuel cap main seal, fuel rail seal, fuel filler hose, fuel pump seal, and fuel injector seals.

Based on the system type the automotive fluoropolymer market is segmented as powertrain, fuel system, air management system, and others. Fuel system is the major application area of fluoropolymers and is likely to maintain their dominance in the market in years to come, whereas air management system is likely to be the fastest-growing segment of the market during the same period. The key applications of air management system such as turbocharger hose, SCR injector seal, turbocharger hose seal, and EGR stem seal, are experiencing significant growth; thereby, pushing the growth of the segment.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/539/automotive-fluoropolymers-market.html

Highlights of the Report:

As per Stratview Research, Asia-Pacific is projected to remain the largest automotive fluoropolymers market during the forecast period in terms of both value and volume. China and India are the growth engines of the Asia-Pacific’s market. North America and Europe, the next two major markets, are likely to generate sizeable growth opportunities in the coming five years.

The report also throws light on the Automotive Fluoropolymer Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned the Automotive Fluoropolymer Market are The Chemours Company, Daikin Industries Limited, The 3M Company, Solvay S.A, AGC Inc., Arkema SA, Dongyue Group Co., Ltd., and Honeywell International Inc.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The automotive fluoropolymer market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

This release was published on openPR.