Global Fluoroploymers Market - 2019-2026
The market valuation of Global Fluoropolymers Market stood at USD xx million in 2018.
The forecasted valuation of Fluoropolymers Market Size in 2025 is USD xx million. The expected CAGR is xx% during the forecasting period (2019-2026).
FLUOROPOLYMERS MARKET TRENDS:
What is a fluoropolymer?
Fluoropolymers are fluorocarbon-based polymers which have superior properties such as high chemical resistance to solvents, acids, and bases and thermal resistance.
Fluoropolymers are widely used in various industrial applications due to its high thermal stability and chemical resistance when comparing to other traditional materials.
The superior performance of fluoropolymers in extreme environments and demanding applications are the growth factors of global fluoropolymers market.
Concerns regarding environmental effects and health hazards during manufacturing of fluoropolymers can act as a barrier to the growth of the market.
These stringent environmental regulations are anticipated to hamper the growth of the market.
SEGMENTATION OF GLOBAL FLUOROPOLYMERS MARKET:
The following is the segmentation of the Fluoropolymers Market based on different criteria:
BASED ON THE TYPE,
The PTFE segment is anticipated to dominate the Fluoropolymers Market due to its superior properties and high demand in various applications. Moreover, PTFE is available at a lower price as compared to other fluoropolymers.
BASED ON APPLICATION,
Electrical and electronics
The medical industry is anticipated to witness a robust growth during the forecast period due to increase in replacement of plastic material with fluoropolymer material for manufacturing medical devices.
Geography-wise the global fluoropolymers market consist of five categories namely North America, Europe, South America, Asia Pacific and RoW.
Currently, North America is the largest market for fluoropolymers owing to already well-established players, developed economies and huge demand from a wide range of industries such as healthcare, electrical & electronics, and automobiles.
Moreover, the rise in R&D investments by the key manufacturers in this region is another key aspect that propels the growth of the market.
Asia Pacific will witness a high growth rate due to development in automotive and healthcare industries. Lightweight materials are of preference in most of the industrial applications due to the need for enhanced fuel efficiency and lower emission. This in turn promotes the growth of Fluoropolymers Market in countries such as China, Japan, and India.
Leading players taking up major Fluoropolymers Market Share are Daikin Industries Ltd., The Chemrous Company, Solvay SA, Asahi Glass Corporation, Arkema and The Dongyue Group among others.
Key players are involved in making high R&D investments for product development in order to meet growing demands of the market. Moreover, they are focusing on developing recyclable and eco-friendly fluoropolymers.
This report provides extensive qualitative and quantitative assessment of the present and future global fluoropolymers market trends.
Focus on the various market dynamics that can have an impact on the growth of the market.
Recent industry trends and developments in the Fluoropolymers Market.
Product mapping for key products of all the major market players.
Profiles of Key players in the market and their recent developments, product portfolio, and other business strategies
KEY TARGET AUDIENCE:
Global Fluoropolymers Manufacturers
Suppliers, Dealers, and Distributors of Fluoropolymers
Industry Investors/Investment Bankers
Research Organizations and Academia
Market Research and Consulting Firms