Polymer made up of carbon and fluorine molecules is known as the fluoropolymer. Fluoropolymer is a kind of high-quality plastic that offers high heat resistance and excellent tensile strength. It is mainly combined to withstand harsh chemicals and extreme temperature. This polymer has the ability to provide high-quality texture to the end products. Therefore, fluoropolymer has a broad range of application in a large number of industries such as defense, automotive, aerospace, electronics, and telecommunications. On other hand, fluoropolymers are also used in consumer products for nonstick coatings in cookware and small appliances.
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Fluoropolymer market is primarily driven by increasing demand for the polymer for various end applications. The emerging market of electrical appliances including computers and smartphones is expected to drive the growth of the fluropolymer market. Stringent outline to manufacture and use of fluoropolymers implemented by several regulatory bodies is a major restraint that holds the growth of the fluoropolymer industry.
The report segments the global fluoropolymer market, on the basis of product types into PTFE, PVDF, FEP, fluoroelastomers and others. Polytetrafluoroethylene (PTFE) market dominated the global fluoropolymers industry. Polyvinylidene difluoride (PVDF) is estimated to witness the fastest growth due to it is highly employed as an insulation material in electrical wires because it offers flexibility, low weight, low thermal conductivity, high chemical corrosion resistance and heat resistance.
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Based on the application the market is segmented as automotive, electrical & electronics, construction, industrial equipment and others. Industrial application is one of the leading applications of the market. Fluorine based polymers are used in industrial applications to afford thermal and corrosion resistance. The automotive sector is another important outlet that is likely to have promising growth due to increasing proliferation in fuel engine systems to reduce emissions and provide heat resistance.The study analyses the product value chain, beginning with feedstock up to end-use. Additionally, it evaluates the market based on Porter’s Five Forces Model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers and the threat of substitute products and new entrants. The report includes a detailed competitive landscape of the fluoropolymer market. It comprises market share analysis of companies and profiles of key market participants.
The study provides the comprehensive perspective on the fluoropolymer market growth, throughout the forecast period in terms of volume (in Kilo Tons) and revenue (in USD Million), across different region, which includes North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA) with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil. Asia-Pacific is likely to be the fastest growing market in the forecast period owing to the swift innovation and increasing demand from key countries such as China, Japan, and India.
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Some of the key participants for the global fluoropolymer market include Jinan 3F Fluoro-Chemical Co. Ltd, Arkema SA, AGC Chemicals Europe, E.I. DuPont De Nemours, Dyneon GmbH, Gujarat Fluorochemicals Ltd., 3M Chemicals, Solvay SA, Zhonghao Chenguang Research Institute of Chemical Industry, Shanghai 3F, Fuxin Hengtong, Honeywell International Inc., and DAIKIN INDUSTRIES, Ltd.
This report segments the global fluoropolymer materials market as follows:
Global Fluoropolymer Market: Product Segment Analysis
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene difluoride (PVDF)
- Fluorinated ethylene propylene (FEP)
Global Fluoropolymer Market: Application Segment Analysis
- Electrical & Electronics
Global Fluoropolymer Market: Regional Segment Analysis
- North America
- Latin America
- The Middle East & Africa
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