Global Fluoropolymers Market 2018-2022
About this market
Increasing demand for fluoropolymers in food and beverage industry is expected to gain traction in the market. In the food and beverage industry, PTFE, FEP, and PFA tubing are used during food processing to improve corrosion resistance and reduce the stickiness of food and beverage products. Technavio’s analysts have predicted that the fluoropolymers market will register a CAGR of close to 6% by 2022.
Increase in building and construction activities
The growth of the global construction industry is expected to increase the demand for fluoropolymers such as PTFE, FEP, and PVDF during the forecast period.
Fluctuating prices of fluoropolymers
Price plays an important role in deciding the feasibility of new products as the price of new material for replacement is always compared to the price of existing product.
For the detailed list of factors that will drive and challenge the growth of the fluoropolymers market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Solvay and The Chemours Company the competitive environment is quite intense. Factors such as the increase in building and construction activities and the increasing demand for fluoropolymers in food and beverage industry, will provide considerable growth opportunities to fluoropolymers manufactures. 3M, Arkema, Honeywell International, Saint-Gobain, Solvay, and The Chemours Company are some of the major companies covered in this report.
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