Fluoropolymer Market Outlook, Current and Future Industry Landscape Analysis by 2031
Future Market Insights delivers key insights on the worldwide fluoropolymers marketplace in its contemporary document titled ‘Fluoropolymers market: international enterprise analysis and opportunity assessment (2031).’ The lengthy-time period outlook on the worldwide fluoropolymers market stays tremendous, with market price expected to increase at a CAGR of five.1% at some stage in the forecast duration.
The industrial &
gadget segment is expected to remain a key give up-use segment, accounting for
over one-fourth of the full shares within the global market for the duration of
the forecast duration. International sales of fluoropolymers is expected to be
worth over US$ 8 Bn by using the give up of 2017.
APEJ is expected to
account for a first-rate value share inside the international fluoropolymers
market with the aid of 2017 quit and is anticipated to retain its dominance all
through the forecast duration. In this document, future market
Insights throws light
on the drivers and restraints in all likelihood to effect the marketplace in
the course of the forecast period.
In line with FMI
reports, manufacturing centers are going through extensive challenges to
operations. Some of quit use verticals have temporarily suspended operations,
either thanks to a sharp drop in demand, or due to government regulations.
Those tendencies will hurt prospects of the fluoropolymers marketplace within
the quick term.
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“Fluoropolymers are
largely used to improve physical and chemical characteristics of coatings in
industrial, construction, and household applications. The characteristics of
fluoropolymers resins drive applications in production of novel friction
reduction materials with thermal and chemical resistance, which will bolster
market growth,” says the FMI
analyst.
Fluoropolymers
Market – Important Takeaways
· Polytetrafluoroethylene
is a highly sought-after fluoropolymer, supported by superior chemical
stability and resistance to wear and tear.
· Industrial
sector applications account for major revenue owing to use in filtration
membrane, flue gas, and pharma processing equipment.
· Asia
Pacific is a dominant fluoropolymers market owing to substantial demand for
fluoropolymers in electronics, automotive, and construction sectors in the
region.
Fluoropolymers
Market – Driving Factors
· Extensive
use of fluoropolymers in the production of semiconductors is a key growth
factor.
· Expansion
of the global automotive industry in emerging economies is contributing to
critical growth opportunities.
· Characteristics
including weather stability, chemical resistance, and thermal properties
bolster scope of application in multiple verticals.
Fluoropolymers
Market – Leading Constraints
· Strict
regulations governing the production and application of fluoropolymers is a key
challenge to market growth.
· Risks
of perfluorooctanoic acid contamination in coating applications hurts market
prospects.
Expected Impact on
Market by Coronavirus Outbreak
With the coronavirus
crisis, workers in manufacturing facilities are higher risk, as manufacturing
operations cannot be conducted remotely. Consequently, the closure of
fluoropolymer production facilities and disruptions in raw material supplies
during the crisis period, will hurt near term prospects of the market.
However, wide ranging
industrial and chemical applications will support a steady recovery once
lockdown restrictions are relaxed.
Competition
Landscape
Some of the top
players operating in the fluoropolymers market are 3M Company, Halopolymer
OJSC, DuPont Company, Kureha Corp., BASF SE, Hindustan Fluorocarbons Ltd.,
Daikin Industries Ltd., Saint Gobain S.A., Arkema Group, Honeywell
International Inc., and Solvay Chemicals Inc.
Market players are
pushing for strategic collaborations and product development to aid market
presence. For instance, Poeton has launched a nickel and fluoropolymer surface
treatment material in July 2020.
Fluoropolymer
Market by category
By Product Type:
· PolytetraFluoroethylene
(PTFE)
· Polyvinylidene
fluoride (PVDF)
· Polyvinyl
Fluoride (PVF)
· Fluorinated
Ethylene Propylene (FEP)
· Polychlorotrifluoroethylene
(PCTFE)
· Perfluoroalkoxy
Polymer (PFA)
· Others
Table of Content
1. Executive
Summary
1.1. Global
Market Outlook
1.2. Demand
Side Trends
1.3. Supply
Side Trends
1.4. Technology
Roadmap
1.5. Analysis
and Recommendations
2. Market
Overview
2.1. Market
Coverage / Taxonomy
2.2. Market
Definition / Scope / Limitations
3. Key Market
Trends
3.1. Key
Trends Impacting the Market
3.2. Product
Type Innovation / Development Trends
4. Key Success
Factors
To be continued…!
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https://www.futuremarketinsights.com/reports/fluoropolymers-market
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