Pune, India, January 10, 2022 (GLOBE NEWSWIRE) – The world fluoropolymer market The size was $ 6.95 billion in 2020. The market is expected to grow from $ 7.23 billion in 2021 to $ 10.31 billion in 2028 at a CAGR of 5.2% during the period 2021-2028. Fortune Business Insights ™ provides this information in its report titled “Fluoropolymers Market, 2021-2028”.
According to our researchers, the increasing applications in construction, medicine, electrical and electronics, automotive and chemical industries due to its high chemical and electrical resistance, non-stick characteristics Exceptional, non-toxic and ductile materials are expected to fuel the growing world of fluoropolymer market.
List of the main profiled players in the fluoropolymers market:
- The Chemours Company (Delaware, United States)
- INOFLON (Noida, India)
- DAIKIN INDUSTRIES (Osaka, Japan)
- Solvay SA (Brussels, Belgium)
- Arkema SA (Colombes, France)
- NexGen Fluoropolymers Pvt. Ltd. (Delhi, India)
- 3M (Minnesota, United States)
- Shandong Dongyue Polymer Material Co, Ltd. (China)
- Saint-Gobain (Courbevoie, France)
- KUREHA CORPORATION (Japan)
- HaloPolymer (Moscow, Russia)
- AGC Chemicals (Tokyo, Japan)
- Honeywell International, Inc. (North Carolina, USA)
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Cover of the report
The report presents a systematic study of the fluoropolymers market segments and an in-depth analysis of the market overview. It offers a thoughtful assessment of current market trends and future opportunities. Moreover, it presents a comprehensive analysis of regional information and how it contributes to the growth of the market. The impacts of COVID-19 have been discussed in the report to help investors and business owners better understand the possible threats present in the market. The report examines the major players and their prominent strategies to remain in dominance.
On the basis of the product, the global market is divided into Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Fluorinated Ethylene Propylene (FEP), Polyvinyl Fluoride (PVF), and others.
Based on the application, the market is divided into coatings, films, additives, and others.
In terms of end use, the market is categorized into industrial equipment, automotive, construction, electrical and electronics, etc. Industrial equipment is expected to account for the majority share during the forecast period.
Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Conductors and constraints
Rising automotive industry to create new market prospects
Rising disposable income, increasing R&D spending for the automotive industry, increasing traffic jams, and stringent government standards for falling carbon emissions are the vital influences fueling the automotive industry’s demand for fluoropolymers.
Additionally, the polymer extends component life for emissions regulation, safety and performance in the automotive industry.
They provide operational safety and robustness against hostile fluids and fuels, vibrations, heat, compression and humidity. Polymer coatings help prevent corrosion and friction on vehicle parts, thus extending service life. They are important in automotive components such as gears and ball bearings, which should be resistant to wear and tear.
Browse the detailed research information with the table of contents:
Asia-Pacific held the maximum market share for fluoropolymers and the growth of this region is linked to increasing demand from the pharmaceutical, electrical and construction sectors in this region.
It is estimated that North America is experiencing substantial growth due to increasing demand from the electrical and electronics and aerospace industries. As producers and designers continue to invent electronic devices, the demand for these products is gratifying.
Europe is expected to experience considerable growth during the forecast period. The region is accredited with increasing demand from the automotive industry. Europe is one of the world’s main producers of automobiles and represents the largest private player in R&D.
New acquisitions by major players to drive market growth
The major players in the fluoropolymer market are still developing tactics to effectively inflate their business and maintain their leading position in the market. One of these approaches is to launch products for increased reach among end users.
With each passing day, many key players are forming collaborative partnerships with companies from various fields to expand their businesses and create cutting-edge products for their consumers.
Key industry development
- February 2021: Arkema is expected to increase its fluoropolymer production capacities at the Changshu site in China by around 35% by 2022. This new investment is likely to strengthen demand for the Li-ion battery business and develop prospects in semiconductors, building coatings and water. filtration channels.
Main table of contents for Fluoropolymers Market:
- Scope of research
- Market segmentation
- Research methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Key ideas
- Main emerging trends – for the main countries
- Latest technological advances
- Regulatory Analysis
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
- Qualitative Analyzes – Impact of COVID-19 on the Global Fluoropolymer Market
- Supply chain challenges
- Measures taken by government / companies to overcome this impact
- Potential opportunities due to the COVID-19 epidemic
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