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Fluoropolymers Market

Fluoropolymers Market Size and Segment By Type (PTFE, PVDF, FKM, FEP, ETFE, PCTFE, Others), By Application (Coatings, Films & Sheets, Tubes, Additives, Others), By End-Use Industry (Chemical Processing, Automotive, Electrical and Electronics, Building and Construction, Industrial Equipment, Medical, Household, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1442 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Fluoropolymers Market was valued is excepted to reach USD 11.34 billion by 2028, and USD 8.7 billion in 2021 and grow at a CAGR of 6.3% over the forecast period 2022-2028. A fluoropolymer is a chemical compound with carbon fluoride bonds. Chemical resistance, electrical and mechanical insulation heat resistance, stress cracking and a variety of other properties are all accessible. These properties help fluoropolymers in a variety of applications, from coatings to industrial films. It's also used in the household, building, and electrical and electronic industries. Fluoropolymers are in high demand in the medical business, since various membranes and grafts are made of biocompatible polytetrafluoroethylene (PTFE) for cardiovascular, orthopaedic, ophthalmology, and dental operations are becoming more popular. Fluoropolymers' application in the chemical industry also contributes significantly to global market growth. Fluoropolymers are in high demand in the chemical sector for a variety of applications such as pumps, heat exchanger coatings, and autoclaves. Fluoropolymers have excellent structural qualities such as non-adhesive, low collision, non-stick, high dielectric, and chemical resistance.

Fluoropolymers Market Revenue Graph

Market Dynamics:

Drivers:

  • Increasing regional government investments in industrial development.

  • End-user application sectors are driving up demand.

Opportunity:

  • Spending on construction and infrastructure development initiatives should be increased.

  • Developing recyclable substitutes. 

Restraints:

  • The Product is Bio-compatible having a harmful effects on the body.

Impact of Covid-19:

Since it imposed a lockdown in nearly every sector around the world, the COVID-19 had an impact on the fluoropolymers industry. The automobile and aerospace industries were badly impacted because they are significant fluoropolymer clients. Due to a shortage of workers, travel restrictions, and low demand for replacement parts, commercial aviation industries are experiencing production disruptions and declining demand. Aircraft manufacturers are capital intensive by nature, which causes liquidity issues and short-term cash flow The decrease in output had an impact on material supplies, which altered demand for fluoropolymers. However, due to the Pandemic, there has been a significant surge in the need for fluoropolymers in the medical industry, as testing and other health equipment are in high demand.

Key players:

AGC Chemicals Americas, Inc., Huntsman Corporation, Dongyue Group Ltd., Poly Fluoro Ltd., Solvay SA, The Chemour Company, Honeywell International Inc., Daikin Industries Limited, Kureha Corporation, Amco Polymers, Saint-Gobain Performance Plastics,

Market Segmentation:

By Type

  • Polytetrafluoroethylene (PTFE)

  • Polyvinylidene Fluoride (PVDF)

  • Fluoroelastomers (FKM)

  • Fluorinated Ethylene-Propylene (FEP)

  • Ethylene Tetrafluoroethylene (ETFE)

  • Polychlorotrifluoroethylene (PCTFE)

  • Others

By Application

  • Coatings

  • Films & Sheets

  • Tubes

  • Additives

  • Others

By End-Use Industry

  • Chemical Processing

  • Automotive

  • Electrical and Electronics

  • Building and Construction

  • Industrial Equipment

  • Medical

  • Household

  • Others

Fluoropolymers Market Segment Pie Chart

Regional Analysis:

Due to increased demand for fluoropolymers goods, Asia-Pacific is expected to be the fastest expanding market. Due to increased demand for high-quality medical, automotive, consumer, and electronics products, the Asia-Pacific fluoropolymers market is driven by the existence of big production hubs in China and India.

REGIONAL COVEAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Fluoropolymers Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.34 Billion
Market Size by 2028 US$ 8.7 Billion
CAGR CAGR of 6.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (PTFE, PVDF, FKM, FEP, ETFE, PCTFE, Others)
• By Application (Coatings, Films & Sheets, Tubes, Additives, Others)
• By End-Use Industry (Chemical Processing, Automotive, Electrical and Electronics, Building and Construction, Industrial Equipment, Medical, Household, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AGC Chemicals Americas, Inc., Huntsman Corporation, Dongyue Group Ltd., Poly Fluoro Ltd., Solvay SA, The Chemour Company, Honeywell International Inc., Daikin Industries Limited, Kureha Corporation, Amco Polymers, Saint-Gobain Performance Plastics,
DRIVERS • Increasing regional government investments in industrial development.
• End-user application sectors are driving up demand.
RESTRAINTS • Spending on construction and infrastructure development initiatives should be increased.
•Developing recyclable substitutes.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: The Product are Bio-compatible having harmful effect on body  are the restraints for Fluoropolymers Market.

Ans: Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Fluoroelastomers (FKM), Fluorinated Ethylene-Propylene (FEP), Ethylene Tetrafluoroethylene (ETFE), Polychlorotrifluoroethylene (PCTFE) and Others  are the sub-segments of by type segment.

Ans:  Since it imposed a lockdown in nearly every sector around the world, the COVID-19 had an impact on the fluoropolymers industry. The automobile and aerospace industries were badly impacted because they are significant fluoropolymer clients. Due to a shortage of workers, travel restrictions, and low demand for replacement parts, commercial aviation industries are experiencing production disruptions and declining demand. Aircraft manufacturers are capital intensive by nature, which causes liquidity issues and short-term cash flow The decrease in output had an impact on material supplies, which altered demand for fluoropolymers. However, due to the Pandemic, there has been a significant surge in the need for fluoropolymers in the medical industry, as testing and other health equipment are in high demand.

Ans: Global Fluoropolymers Market Size was valued at xpected to reach USD 11.34 billion by 2028, and USD 8.7 billion in 2021 and grow at a CAGR of 6.3 % over the forecast period 2022-2028.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Fluoropolymers Market Segment, By Type

                8.1 Polytetrafluoroethylene (PTFE)

                8.2 Polyvinylidene Fluoride (PVDF)

                8.3 Fluoroelastomers (FKM)

                8.4 Fluorinated Ethylene-Propylene (FEP)

                8.5 Ethylene Tetrafluoroethylene (ETFE)

                8.6 Polychlorotrifluoroethylene (PCTFE)

                8.7 Others

 

9. Global Fluoropolymers Market Segment, By Application

                9.1 Coatings

                9.2 Films & Sheets

                9.3 Tubes

                9.4 Additives

                9.5 Others

 

10. Global Fluoropolymers Market Segment, By End-Use Industry

                10.1 Chemical Processing

                10.2 Automotive

                10.3 Electrical and Electronics

                10.4 Building and Construction

                10.5 Industrial Equipment

                10.6 Medical

                10.7 Household

                10.8 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3 Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4 Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6 Latin America

11.6.1    Brazil

11.6.2    Argentina

12.6.3Rest of Latin America

 

12. Company Profiles

                                12.1.1Mitsubishi Chemical Advanced Materials

12.1.2 Financial

12.1.4Products/ Services Offered

                                12.1.4 SWOT Analysis

                                12.1.5 The SNS view

12. 2 AGC Chemicals Americas, Inc.

12. 3 The Chemour Company

12. 4 Honeywell International Inc.

12 .5 Huntsman Corporation

12.6 Daikin Industries Limited

12.7 Dongyue Group Ltd.

12.8 Kureha Corporation

12.9 Poly Fluoro Ltd.

12.10 Amco Polymers

12.11 Solvay SA

12.11 Saint-Gobain Performance Plastics

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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