Fluoropolymers Market Analysis by Size, Share, Growth, Trends and Forecast 2030
The global fluoropolymers market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Rising demand for polymers and rapid advancements in mechanical, chemical and telecommunication industries are some of the major factors expected to drive market revenue growth.
Fluoropolymer consists of carbon fluoride bonds and is one of the most preferred chemical compound in the manufacturing and electronics industries. Fluoropolymers are biocompatible and highly lubricant, and are resistant to high temperature as well as harsh outdoor chemical exposure. In addition, properties offered such as low friction, high electrical property, and non-adhesive nature in comparison to other polymers is leading to high demand for fluoropolymers from various end use industries such as semiconductor and home appliances industries, which is expected to drive market revenue growth. Moreover, fluoropolymer films are used for coating in electronics and buildings and is expected to drive product demand in the construction, electrical, and automotive industries. However, low adoption of the product in the aerospace industry due to restrictions and government guidelines on international and national travelling, shutdown of manufacturing units because of lockdown and unavailability of skilled workforce due to COVID-19 pandemic are some factors that had negative impact on revenue growth of the global fluoropolymers market. However, reopening of manufacturing units and travel industry is expected to support revenue growth of the market in the near future.
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Top Players in the Global Fluoropolymers Market:
- Daikin Industries
- Asahi Glass Company Limited
- Fluoroseals SpA
- The Chemours Company
- Mitsubishi Chemical
- SABIC Innovative Plastics
- GFL Limited
- AGC, Inc.
- Hubei Everflon polymer
- Dongyue Group
- Arkema SA
Market segmentation based on Type Outlook:
- PolyTetraFluoroEthylene (PTFE)
- Perfluoro Alkoxy (PFA)
- Polychlorotrifluoroethylene (PCTFE)
- Ethylene Tetrafluoroethylene Copolymer (ETFE)
- Ethylene Chlorotrifluoroethylene Copolymer (ECTFE)
- Fluoroethylene Propylene (FEP)
- Poly Vinylidene Fluoride (PVDF)
- Polyvinyl fluoride (PVF)
End Use Outlook:
- Industrial Equipment
- Building and Construction
- Food & Beverage Industry
- Automotive Industry
- Medical and Healthcare Industry
- Aerospace Industry
- Electrical and Electronics
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Fluoropolymers market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Fluoropolymers market?
- Which regional market is expected to lead in terms of revenue share in the global Fluoropolymers market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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