Asia-Pacific Fluoropolymers Market - Segmented by Type, Application and Geography - Trends and Forecasts (2017 - 2022)
The major driving force for fluoropolymers is the realization that these products can increase the life cycle of exterior coatings and subsequently increase the time between recoats. This complements the products and also reduces the costs of infrastructure management by eliminating the number of recoats.
The Fluoropolymers market in APAC is estimated at xx KT in 2015 and is expected to grow at a CAGR of over 5%, over the next five years to reach xx KT by 2020. Asia-Pacific, with its thriving economies and rapidly expanding population, is expected to experience highest growth rate between 2015 and 2020. China is the key consumer of fluoropolymers in Asia-Pacific. Various mergers & acquisitions, and expansions in fluoropolymers industry have in turn made the region a potential growth sector for the market.
As a result of investment in new production capacity and growing market demand, Asia-Pacific is the largest fluoropolymers market in 2015, accounting for approximately 50% of total consumption. In recent years, Asia-Pacific registered a strong demand for fluoropolymers and the trend is expected to continue in the near future, driven by China and India. The low cost production of PTFE in China is expected to encourage manufacturers to open production facilities in China. Market participants are continuously focusing on the Asia-Pacific region to gain market share and improve profitability.
Fluoropolymers are used in an increasing number of markets from Coatings & Liners, Mechanical Parts & Components, Films, Additives and number of other segments.
The increasing penetration of low volume fluoropolymer such as PVDF and FEP in uses such as semiconductor manufacturing, wire and cable insulation, and coating in construction applications are expected to lead the market towards product innovation and material development. Also, the development of melt processable PTFE is expected to help the future prospects of the maturing PTFE market.
Rising continuous rise of environmental concerns has resulted in a new legislation that threatens Fluoropolymers manufacturers, and the rising raw material costs may dampen the overall growth during the period.
The major opportunities in the Fluoropolymers market lies in its increasing demand in industrial maintenance sector particularly due to their chemical and oil resistance property. With the increasing need for protection from UV exposure, use of Fluoropolymers in additives is being practiced increasingly.
What the report contains
The report elucidates the situation of fluoropolymers around the world and studies the markets of the fluoropolymers type which include PTFE (polytetrafluoroethylene), PVDF (polyvinylidene fluoride), FEP (fluorinated ethylene-propylene), ETFE (polyethylenetetrafluoroethylene), PCTFE (polychlorotrifluoroethylene), PVF (polyvinylfluoride) and others.
Lastly, the report is divided by countries - China, India, Japan, South Korea and rest of APAC; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of fluoropolymers have been discussed in detail in addition to a comprehensive overview of the market.