Fluoropolymers Market Size, Share, Demand & Trends by 2031

-

The fluoropolymers market is expected to surpass a valuation of US$ 11.4 Bn between 2015 and 2025. According to FMI reports, manufacturing facilities are facing substantial challenges to operations. A number of end use verticals have temporarily suspended operations, either owing to a sharp drop in demand, or due to government restrictions. These trends will hurt prospects of the fluoropolymers market in the short term.

"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.

Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-453

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

Companies operating in the market have been focusing on strategic tie-ups and product development to gain competitive advantage. Besides this, capacity expansion have been attracting ample resources of competitors.

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

By End Use:

  • Automotive
  • Industrial Processing & Application
  • Healthcare
  • Electrical & Electronics
  • Construction
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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…!

More on the Report

FMI's provides in-depth insights on the fluoropolymers market. The market is segmented in terms of product type (polytetrafluoroethylene, polyvinyl fluoride, polychlorotrifluoroethylene, polyvinylidene difluoride, fluorinated ethylene propylene, prefluoroalkoxy polymer, and others), and end use (construction, automotive & aerospace, electrical & electronics, industrial processing, and healthcare) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Browse Full Report @ https://www.futuremarketinsights.com/reports/fluoropolymers-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Magnesium Carbonate Market Size, Share, Demand, Growth & Trends by 2032

-
Magnesium carbonate is largely utilized as a raw material for the manufacturing of magnesium oxide, a refractory material employed in the cement and steel industries. The global  magnesium carbonate market  is anticipated to expand at a steady  4.7% CAGR  over the forecast period, finds Future Market Insights (FMI) in a recent market analysis. As per FMI, geographically, the market is anticipated to be dominated by South Asia Pacific, which is expected to continue in the forthcoming years. Backed by the aforementioned factors, the global magnesium carbonate market is projected to top  US$ 443.5Mn  by 2032. In recent years, companies are focusing on developing new materials with high purity at competitive prices. Magnesium carbonate, due to its small size, high porosity, and non-toxicity, is adopted in the pharmaceutical industry. Pharmaceutical grade magnesium carbonate is preferred for the treatment of hyperchlorhydria, stomach aches and duodenal ulcers. It is also used in the sur
Read more