Allied Market Research recently published a report, titled, "Fluoropolymers Market by Product Type (PTFE, FEP, PVDF, Fluoroelastomer, PVF, PFA, ETFE, and Others), Application (Film, Tube, Sheet, Pipe, Membrane, Sealant, Roofing, Additives, and Others), and End-Use Industry (Transportation Equipment, Electrical & Electronics, Construction, Industrial Equipment, and Others): Global Opportunity Analysis and Industry Forecast 2020–2027". According to the report, the global fluoropolymers industry generated $7.7 billion in 2019, and is expected to reach $11.7 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Major determinants of the market-
High demand for fluoropolymers and advancements in medical applications have boosted the growth of the global fluoropolymers market. However, raising prices of PTFE hamper the market. On the contrary, surge in use of fluoropolymer films in the construction and energy sectors is expected to open lucrative opportunities for the market players in the future.
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COVID-19 scenario:
- The automotive and aerospace industries have experienced a significant decline due to lack of labor and disrupted supply chain.
- As the majority of the countries are still under lockdown, production facilities are either completely closed or working with half of the total production capacity. This resulted in decline in the fluoropolymer's supply.
The pipe segment dominated the market-
By application, the pipe segment held the lion's share in 2019, accounting for more than one-fourth of the global fluoropolymers market. Moreover, the segment is expected to register the highest CAGR of 3.3% during the forecast period as fluoropolymers pipes are commonly used by petrochemicals, pharmaceuticals, chemicals, and almost every business involved in the handling of extremely volatile and corrosive solvents and acids for their manufacturing needs.
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The industrial equipment segment to manifest the highest CAGR through 2027-
By end-user industry, the industrial equipment segment is projected to portray the highest CAGR of 4.5% during the forecast period. Moreover, the segment held the largest share in 2019, contributing to nearly two-fifths of the global fluoropolymers market, as fluoropolymers are widely used in industrial processing industries for various applications such as pumps, impellers, tanks, heat exchanger coatings, reaction vessels, autoclaves, flue duct expansion joints and others.
Asia-Pacific, followed by North America, held the largest share-
By region, the market across Asia-Pacific held the largest share with nearly half of total market share and is expected to manifest the highest CAGR of 6.6% during the forecast period, due to presence of large manufacturing hubs in China and India and increasing demand for high-quality medical, automotive, consumer, and electronics products. The global fluoropolymers market across North America is estimated to register a CAGR of 6.5% from 2020 to 2027.
Major market players
- Arkema SA
- The Chemours Company
- Asahi Glass Company Limited
- Dongue Group
- Daikin Industries
- Honeywell
- Dupont
- SABIC Innovative Plastics
- Mitsubishi Chemical
- Shin-Etsu Chemical
- Saint-Gobain
- 3M Company
- Solvay SA
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Fluoropolymers Market Report, published by Allied Market Research, forecasts that the global market was valued at $5,404 million in 2015 and is projected to reach $9,034 million by 2022, growing at a CAGR of 7.7% from 2016 to 2022.
Fluoropolymers are characterized by high resistance to acids, solvents and bases.
Fluoropolymers reflect the properties of fluorocarbons since they are not susceptible to van der waals forces alike hydrocarbons.
Fluoropolymers are relatively more stable due to the presence of multiple carbon-fluorine bonds.
Mechanically, fluoropolymers are categorized as thermoplastics or thermosets and can be considered as copolymers or homopolymers.At present, the global fluoropolymers market witnesses a lot of opportunities due to rise in demand for lightweight materials and coatings such as Teflon to be used in automobiles and manufacturing components of aircrafts.
Moreover, different applications of fluoropolymers in lubrication and electrical and electronics is another factor anticipated to propel the growth of the market during the forecast period.
Abstract:Fluoropolymers Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Fluoropolymers industry.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/32592/global-fluoropolymers-2019-515 The global Fluoropolymers market is valued at million is expected to grow at a CAGR of 5% during Forecast Period.
Get the Complete Report @ https://www.24chemicalresearch.com/reports/32592/global-fluoropolymers-2019-515The key insights of the Fluoropolymers report:1.The report provides key statistics on the market status of the Fluoropolymers manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.5.The report estimates 2019-2024 market development trends of Fluoropolymers industry.6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out7.The report makes some important proposals for a new project of Fluoropolymers Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.For competitor segment, the report includes global key players of Fluoropolymers as well as some small players.
At least 7 companies are included: Agc ChemicalsArkemaChemoursDaikin3MSolvay The information for each competitor includes: Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of Fluoropolymers market Polytetrafluoroethylene (PTFE)Polyvinylidene Fluoride (PVDF)Fluorinated Ethylene Propylene (FEP )For end use/application segment, this Fluoropolymers report focuses on the status and outlook for key applications.
Application IApplication IIApplication IIIFor geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023.
