Fluoropolymers Market Report

Fluoropolymers Market Report, By Type, Application and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm1787 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

Fluoropolymers are polymer materials that contain fluorine atom in the chemical structure. There are basically two types of fluoropolymers materials perfluoropolymers and partially fluorinated polymers. They are characterised by excellent properties like high chemical resistance, weather stability, low coefficient of friction, low surface energy and low dielectric constant. These properties are due to the special electronic structure of the fluorine atom, the stable carbon-fluorine covalent bonding, and the unique intramolecular and intermolecular interactions between the fluorinated polymer segments and the main chains. Owing to the special physical and chemical properties, it is widely used in the chemical, electrical/electronic, construction, architectural, and automotive industries. 

Fluoropolymers Market Outlook

The growth of the fluoropolymers market is primarily attributed to rising demand for electrical and electronic appliance all over the world and increasing demand for fluoropolymers in the construction additives. Moreover, the overall development and rising demand for fluoropolymers is directly proportionate to the growth of low volume fluoropolymers and continuous technological development done by key players in the market. However, the increasing raw material prices and excessive cost associated with the fluoropolymers are the factors hindering the market growth. Additionally, easy availability of cheap and degraded substitutes and harmful environmental impact are the major challenges faced by the key players in the fluoropolymers market. 


Fluoropolymers Market COVID-19 Impact

The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains. The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

Fluoropolymers Market Segmental Analysis

The report analyses the global fluoropolymers market by type, application and geography. Based on type, the fluoropolymers market is categorized into, polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene propylene (FEP) and other. Others includes PFA, PCTFE and others, polytetrafluoroethylene (PTFE) type segment dominated the global fluoropolymers market in 2020 and is anticipated to account for highest market share during the forecast period. The highest market share is attributed to wide range of application and in microporous membranes. Moreover, the demand for polytetrafluoroethylene is increasing rapidly owing to its huge demand from the medical devices manufacturing industry as it is used as a graft material in surgical interventions and also used as coating material for various medical devices. By application, the fluoropolymers market is segmented into automotive, electrical & electronics, construction, industrial applications, chemical processing, healthcare and others. Others including transportation industry. 

Fluoropolymers Market Regional Analysis

The automotive application segment is expected to be the fastest growing segment in the fluoropolymers market, owing to robust growth of automotive sector in emerging economies which includes Asia Pacific and Middle East & Africa and rising demand for automobiles and rise in investments for light weight vehicles By geography fluoropolymers market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia Pacific dominated the fluoropolymers market in 2020. The growth of the Asia Pacific fluoropolymers market is driven by factors such as increasing rate of manufacturing and automotive & transportation industry and overall growth of the economy. Moreover, rise in investments by key manufacturers in this region is another key aspect that fuels the market growth in the region. 

Fluoropolymers Market Players

Some of the key participants of the global fluoropolymers market are E. I. du Pont de Nemours and Company, Solvay, AGC Inc, 3M, DAIKIN INDUSTRIES, Ltd, Honeywell International Inc, The Chemours Company, Mexichem S.A.B. de C.V, Saint-Gobain S.A, W. L. Gore & Associates, Inc, Zeus Industrial Products, Inc, Dongyue Group, Jiangsu Meilan Chemical Co., Ltd, Gujarat Fluorochemicals Ltd, Arkema Group, etc. Merger, acquisition, new product development and research & development are the key growth strategies adopted by the major players to gain competitive advantage over the competitors in the market. 3M launched a new product with the brand name Dyneon Fluoropolymers which can be used in batteries as an additional solution for electro-mobility. These materials have good electrical properties and can withstand high voltages.

Why to buy this report:

  • The report offers changing market dynamics in the Fluoropolymers industry, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Fluoropolymers market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Fluoropolymers market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Fluoropolymers market