Fluoropolymers Market Overview:
According to a new report by Market Research Future (MRFR), the global market for fluoropolymers is anticipated to touch a revenue of USD 9,912.5 million by the end of 2023 due to rapid industrialization. The market is anticipated to expand at a flourishing CAGR of 5.34 % during the forecasted period (2018-2023). Fluoropolymers offer properties like mechanical insulation and electrical properties, chemical resistance, stress cracking, thermal resistance, and others and are used for applications like industrial films and coatings. Fluoropolymers are also used in construction, household applications and electrical and electronics.
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Fluoropolymers Market Key Players:
Presence of some of the prominent players like Gujarat Fluorochemicals Ltd (India), DowDupont Inc (U.S.), Arkema Group (France), W.L. Gore & Associates Inc (Japan), Asahi Glass Co, Ltd (Japan), Kureha Corporation (Japan), 3M (U.S.), Honeywell International Inc. (U.S.), Saint-Gobain S.A. (France), The Chemours Company (U.S.), Daikin Industries Ltd (Japan), Solvay SA(Belgium), Zeus Industrial Products Inc. (U.S), and others, the market is expected to boost significantly over the assessment period.
Fluoropolymers Market Regional Analysis:
In terms of geography, Asia Pacific is the largest market of fluoropolymers due to demand in various industry such as automotive, aerospace, and electronics in China region followed by Japan. Increasing demand for automotive industry in the China, Japan, India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global fluoropolymers market followed by increasing in the consumption of fluoropolymers market in North America region.
In North America region, fluoropolymers market is mainly drive by automotive, electrical, construction and aerospace industry. In addition, the third largest market of fluoropolymers is Europe region due to large consumption in pharmaceutical, household, and automotive industry. Latin America and Middle East also witnessed in growth of fluoropolymers market due to various application such as coatings, paint, tubing, additive, film solutions, and others.
Fluoropolymers Market Segmentation:
The global market for fluoropolymers has been segmented based on application, type, end-user, and region.
The market has been segmented into polyvinylidene fluoride (PVDF), ethylene tetrafluoroethylene (ETFE), polychlorotrifluoroethylene (PCTFE), polytetrafluoroethylene (PTFE), fluoroelastomers (FKM), fluorinated ethylene-propylene (FEP), and others based on type. Among these, the polytetrafluoroethylene (PTFE) segment has been predicted to hold the largest share over the assessment period. PTFE held a market share of 45 % as of 2018 and is predicted to showcase 6.94 % CAGR. Polyvinyl chloride is estimated to be the fastest growing segment with 7 % CAGR.
On the other hand, based on end user industry fluoropolymers market is segmented into automotive, aerospace, electronics, pharmaceutical, household, construction, and other industries. Among all industry into automotive, aerospace, and electronics occupied the highest market share. The increasing consumption of fluoropolymers in various applications such as coatings, paint, tubing, additive, film solutions, and others (resin, etc.) through the various end user industry will drive the global fluoropolymers market in the forecasted period.
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……,
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