According to new report published by Polaris Market Research the global Fluoropolymers Market is forecasted to grow at a CAGR of 6.4% from 2018 to 2026. The report “Fluoropolymers Market Share, Size, Trends, Industry Analysis Report By Product Type (PTFE, PVDF, FEP, PCTFE, PVF, and Others), By Application (Electrical & Electronics, Automotive, Construction, Industrial Equipment, Chemical Processing, and Others), By Regions, Segments & Forecast, 2018 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends.
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Fluoropolymers is an organic hydrocarbon and is a basic and most significant raw material for manufacturing large number of polymeric end-use products such as plastics, fibers, and organic chemicals. It is a petrochemical derivative and includes ethane and naphtha as its major feedstocks. Fluoropolymers is among the major building blocks for petrochemical industry.
Fluoropolymers as a raw material is applied to a broad range of applications. It is used in the production of fluoropolymers oxide, fluoropolymers dichloride, ethyl benzene, vinyl acetate and others. Increasing applications of Fluoropolymers intermediates is primarily driving its demand for the end-use industries. Fluoropolymers oxide is the largest application and is used in end-uses such as packaging, consumer products, and light industrial applications.
Rising world’s population coupled with the increase in personal income of the consumers has led to growth of many commodity products such as packaging, bio-based PET products, housing inputs, and textile products. Growing construction industry has mainly supported the growth for polyvinyl products, which in turn has driven the consumption for fluoropolymers dichloride. The lightweight and modernized automotive products are the factors that led to steady increase in the consumption of polyvinyl chloride.
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Asia Pacific is the most lucrative regional market for fluoropolymers, where the latest demand has been supported rapid growth of the developing countries, especially of the Southeast Asia and the Indian Subcontinent. China, Japan, Western Europe, and the United States hold the highest market share for the consumption of fluoropolymers chloride.
The consumption in different regions of the world is based on the rapid expansions of downstream businesses such as PET, polyester fibers, PVC, and packaging. Japan and Western Europe are anticipated to consume less fluoropolymers over the period of next five years, as these are the mature regional markets with their production based on less economical feedstocks, which makes it difficult for them to compete in the global fluoropolymers derivative export market.
Low cost feedstocks such as ethane have fueled the next wave of investments in countries like the United States. This has significantly led to increased production of fluoropolymers. The bigger market players of the fluoropolymers market are able to leverage technology and low-cost supply strategies for meeting the demand at right costs and right products.
The global fluoropolymers market is highly competitive with high degree of integration across the value chain by many market players. Few of the primary market participants for fluoropolymers include Dow Dupont, ExxonMobil Corporation, Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Total S.A., LyondellBasell Industries, and China Petroleum & Chemical Corporation.
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Polaris Market Research has segmented the global Fluoropolymers Market on the basis of Product Type, Application and region:
Fluoropolymers Market Size and Forecast, By Product
- PTFE
- PVDF
- FEP
- PCTFE
- PVF
- Others
Fluoropolymers Market Size and Forecast, By Application
- Electrical & Electronics
- Automotive
- Construction
- Industrial Equipment
- Chemical Processing
- Others
Fluoropolymers Market Size and Forecast by Regions
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Middle East & Africa
Leading Key Players of Fluoropolymers Market
- 3M
- DowDuPont
- Solvay SA
- Fluoro-Plastics Inc.
- Arkema SA
- Afton Plastics
- Fluorotherm Polymers, Inc.
- Asahi Glass Co. Ltd.
- Gujarat Fluorochemicls Limited
- NexGen Fluoropolymers Pvt. Ltd.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
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