Fluoropolymers Market Overview:
Fluoropolymers Market is projected to reach USD 9,912.5 Mn by 2023. The global market is estimated to grow at a CAGR 6.45% during the assessment period of 2023.
Fluoropolymers Market is driven due to various application and end user industry. It is used in various applications such as coatings, paint, tubing, additive, film solutions, and others. Which are highly used in numerous industries such as automotive, aerospace, electronics, and others. In addition, growth of automotive and construction industry are the major industries for consumption of fluoropolymers. Furthermore, growing industry of electronics, and construction industry due to growing urbanization in various industry are adding the growth of fluoropolymers in forecasted period.
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Fluoropolymers Market Key Players:
- Dow DuPont Inc. (U.S.)
- Solvay SA(Belgium)
- Asahi Glass Co, Ltd (Japan)
- 3M (U.S.)
- Daikin Industries, Ltd (Japan)
- Honeywell International Inc. (U.S.)
- Saint-Gobain S.A. (France)
- Arkema Group (France)
- The Chemours Company (U.S.)
- Kureha Corporation (Japan)
- W.L. Gore & Associates, Inc. (Japan)
- Zeus Industrial Products, Inc. (U.S)
- Gujarat Fluorochemicals Ltd (India)
Fluoropolymers Market Segmentation:
Fluoropolymers Market is segmented by type, applications, and end user industry, and region. On the basis of type the fluoropolymers market is divided by PTFE, PVDF, FEP, PFA, THV, PEEK, and others (CTFE, HFP, PDD, etc.). Firstly, PTFE fluoropolymers (Polytetrafluoroethylene), which is an artificial fluoropolymer of tetrafluoroethylene, and has plentiful applications such as in aerospace and electrical industry. Basically, PTFE fluoropolymer is ideal in coating applications in kitchenware such as in non-stick frying pans and other cookware, because of its hydrophobic and possesses fairly high heat resistance features. This is the highly using type of fluoropolymer as compared to others.
Furthermore, PVDF fluoropolymers (Polyvinylidene fluoride) which is an extremely non-reactive thermoplastic fluoropolymers, and also recognized as polyvinylidene difluoride, formed by the polymerization of vinylidene difluoride. PVDF fluoropolymers used in applications when needed the highest purity, and resistance to acids, bases, and solvents. PVDF is generally used as insulation on electrical wires, because of its low weight, high chemical resistance, low thermal conductivity, flexibility, and heat resistance. PVDF fluoropolymers-based coatings shield and improve several architectural applications such as Metal roofing and wall panel systems, and others. The next type of fluoropolymers is, FEP (fluorinated ethylene propylene) is a copolymer of hexafluoropropylene and tetrafluoroethylene.
Fluoropolymers Market Regional Analysis:
APAC region is the world’s prime market for fluoropolymers in 2018. Whereas China is the key consumer country of fluoropolymers in Asia-Pacific region due to the growing end user industries such as automotive, aerospace, and electrical industry. In addition, it is expected huge in consumption of fluoropolymers, in Asia-Pacific region, due to the increased demand in various applications such as coatings, paint, tubing, additive, film solutions, and others (resin, etc.).
Moreover, APAC region is anticipated to lead the market during the forecast period due to the high obtainability of fluoropolymer raw materials and the growing industrial applications in due to high consumption in China, Japan, India, and South Korea like countries. The availability of raw materials such as ethylene, fluorocarbon, and fluorspar, at cheap rates and the availability of cheap labour cost, as well as land, have made this region a most focusing destination for fluoropolymers producing.
Fluoropolymers are is the most adaptable polymers and which is used in numerous industries. Basically, fluoropolymers is highly used in automobiles, chemical industries, electrical & electronics, and construction industries. Some other industrial applications of fluoropolymers include gaskets, automotive coatings, bushing, non-stick surfaces, space apparel, electrical insulation, seals, control cables, wire & cables, tank & reactor linings, valves, fibre optic cables, fluid handling equipment, etc.
Fluoropolymers Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Fluoropolymers Market
Fluoropolymers Market Table of Content to be Continue……,
Fluoropolymers Market List of Table:
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Fluoropolymers Market Value, By Type, (2015-2023) (USD Million)
Table 4 Global Fluoropolymers Market Value, By Type, (2015-2023) (Kilo Tons)
Table 5 Global Polytetrafluoroethylene (PTFE) Market for Fluoropolymers Market, By Region, (2015-2023) (USD Million)
Fluoropolymers Market List of Table to be Continue……,
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