North America 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 North American Fluoropolymers market is estimated at XX in 2015 and is expected to grow at a CAGR of XX%, over the next six years to reach XX KT by 2020. The rapidly expanding population, is expected to drive the market between 2015 and 2020.
US dominated the North America fluoropolymers market, accounting for a major share in overall consumption in 2015. Canada and Mexico remained second and third largest fluoropolymers consuming countries in the North America. North America, owing to its fast pace of economic advancement and huge demand from a wide range of industries such as electrical and electronics and automobiles, is a frontrunner in the consumption of fluoropolymer. In recent years, US registered a strong demand for fluoropolymers and the trend is expected to continue in the near future.
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 - United States, Canada, Mexico and Others; 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.