November 12, 2019
According to the latest study titled ‘Global Fluoropolymer Market: Analysis By Type (PTFE, PVDF, FEP, ETFE, Others), By Application (Automotive, Electrical and Electronics, Industrial Processing, Construction, Medical, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Europe, APAC, ROW), By Country (U.S, U.K, France, China, India, Germany, Canada)’ available with Market Study Report LLC, the global fluoropolymer market is estimated to grow with a CAGR of 6.18% through the year 2023.
Fluoropolymer is highly resistant to solvents and have strong carbon-fluoride bonds. Due to its desirable qualities, fluoropolymer is in high demand across automotive, electrical & electronics, aerospace & defense, housing & construction, and space exploration industries, which is propelling the market growth. The applicability of product in hi-tech fields such as rocket propellant aerospace is also fueling the growth of fluoropolymer market.
Moreover, initiatives taken by government towards improving housing in developing economies will continue to augment the industry trends. The study encompasses details about market size based on revenue shares and growth opportunities for individual segments. It analyses the competitive landscape of fluoropolymer market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics covering drivers and restraints is also outlined in the report.
Based on type, fluoropolymer market is segmented into PVDF, PTFE, ETFE, FEP, and others. As per the report, PTFE segment led the fluoropolymer industry in 2018.
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Considering the geographical landscape, the global fluoropolymer market is fragmented into four major regions, namely, Europe, Americas, APAC, and rest of the world, with a key focus on countries like U.S., France, U.K, China, Canada, Germany, and India. APAC fluoropolymer market registered the largest share in 2018 and is presumed to grow significantly over the forecast period, claims the report. The regional growth is attributed to vast population base, rapid urbanization, and government-backed infrastructural development.
Some of the vendors that operate in fluoropolymer market are Gujrat Fluorochemicals Ltd, Daikin Inc., Chemours, Solvay SA, 3M, Inc., Dongyue Group., and AGC Inc.
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