Fluoropolymers Market Size, Growth, Industry Share, Global Demand and Forecast to 2026

The global Fluoropolymers Market is likely to foresee impressive growth in the forthcoming years. The is ascribable to the latest innovations and accelerated globalization.

The global fluoropolymers market size is poised to grow steadily attributed to the increasing demand for polymers to manufacture semiconductors used in electrical appliances such as smartphones and computers. A fluoropolymer is a polymer-based on fluorocarbon with many carbon-fluorine bonds and has high resistance to acids, bases, and solvents. A detailed analysis of the market is provided by Fortune Business Insights™ in their recently published report titled, “Fluoropolymers Market Size, Share & Industry Analysis, By Type (Polytetrafluoroethylene (PTFE), Polyvinylidene fluoride (PVDF), Fluorinated ethylene propylene (FEP), Ethylene Tetrafluoroethylene(ETFE), Perfluoroalkoxy alkanes (PFA), Polyvinyl fluoride (PVF), Others), By End-User (Industrial, Automotive, Electrical, Others (Food & Pharmaceutical, Cookwares, Medical)) Others and Regional Forecast, 2019-2026.”

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The report offers a 360-degree overview of the market and its growth parameters such as restraints, drivers, challenges, and upcoming opportunities. It also throws light on the table of segmentation of the market based on factors such as type, end user, and regions. The report emphasizes on significant industry developments, current fluoropolymers market trends, and other interesting insights into the market. Besides this, it enlists the number of manufacturers operating in the market and their key strategies to attract high revenues in the forecast period.

Market Drivers

Increasing Demands from Construction Industry will Bolster Growth

The increasing demand for fluoropolymers from various end-use industries such as electronics, aerospace and other defense-related sectors is a major factor propelling the fluoropolymers market growth. Additionally, the increasing growth in PV installations will add impetus to the growth of the market in the coming years. This, coupled with the rising demand from construction and automotive industries will also augment growth. However, the high cost of high-performance file system materials as compared to other conventional materials may cause major hindrances to the market in the coming years. This, coupled with the intense competition with Chinese producers in terms of pricing materials may also hamper the overall market in the coming years. Nevertheless, the emerging markets for melt-processing fluoropolymers are projected to create lucrative growth opportunities for the market in the forthcoming years.

Regional Segmentation:

North America will Emerge as Fastest Growing Region Owing to Setting up of New Manufacturing Industries in Various Sectors

Asia Pacific is dominating the global fluoropolymers market with nations such as India and China on the lead. Growth in this region is attributable to the rapidly growing economies of the aforementioned nations, coupled with the presence of cheap land and labor, availability of abundant natural resources and overall low cost of polytetrafluoroethylene(PTFE), which is the best-known fluoropolymer present.

However, North America is likely to emerge as the fastest-growing region on account of the increasing rate of expansion of manufacturing base for industries such as electronics, automotive, and construction in the U.S. This, coupled with the increasing demand for polyvinylidene fluoride(PVDF) as a piezoelectric material in cable and wire insulation will help the regional market witness remarkable growth in future.

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Collaborative Efforts will Aid in Expansion of Market

Major players operating in the fluoropolymers market are focusing on maintaining a stable position in the market competition. Therefore, they are engaging in collaborative efforts such as mergers and acquisitions, agreements and contracts, and joint ventures, and investments in new product launch to collectively attract high fluoropolymers market revenue in the forecast period.

List of Major Fluoropolymers Market Manufacturers include:

• Axalta coating systems
• Daikin
• 3M
• Gore
• Sherwin-Williams
• Tnemec Company Inc.
• AGC
• Praxair surface tech.
• Arkema
• Akzo Nobel
• PPG Industries Inc.
• Solvay
• Chemours
• Other notable players

Significant Industry Developments of the Fluoropolymers Market include:

February 2019 – FEP high-performance fluoropolymer was launched by AGC under its brand name AFLAS. FEP fluoropolymer is utilized in automotive underhood component systems as they are capable of withstanding an operating temperature of 392 degrees Fahreinheit.

December 2018 – GFL increased the capacity of its fluorochemicals to 46,800 TPA (tons per annum) from 22,321 TPA at their Gujrat plant to cater to their increasing demand for fluoropolymers across the Asia Pacific region.

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