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Global Fluoropolymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Type, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
|Global Fluoropolymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Type, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030|
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Global Fluoropolymers demand stood at 2.44 Million Tonnes in 2020 and is forecast to reach 4 Million Tonnes by 2030, growing at a healthy CAGR of 5.32% until 2030. The Fluoropolymer market witnessed significant growth in the past few years globally on account of its increasing demand in various end-user industries. The Fluoropolymer market is majorly driven by the electronics and automobile industry, which accounts for the majority of shares in the total consumption of fluoropolymers across the globe. Fluoropolymers are organic polymeric chemicals with fluorine as a major component in terms of composition. The different types of Fluoropolymers include Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Polyvinylidene fluoride (PVDF), Fluoroelastomers and others (ECTFE, PFA, etc.). The FEP and PVDF are the most widely adopted fluoropolymers due to their superior chemical and mechanical properties, for which these are extensively used for wiring and insulation. However, Fluoropolymers have notable adoption in chemical processing, pharmaceutical, industrial textile, semiconductor and electronics, and aviation industries due to their chemical inertness, strong abrasion, and weather resistance properties.
The world economy faced a major disruption due to the outbreak of COVID-19 in 2020. The temporary ban on production due to the shutting down of factories acted as a significant restraint to the Fluoropolymer market. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period.
Based on end user demand, chemical processing dominates the global fluoropolymers market. Besides, fluoropolymers find major adoption in the inner and outer lining of heavy-duty pieces of machinery, process equipment, heat exchangers, pumps, and most importantly process lines/pipes that are responsible for the transportation of corrosive and hazardous chemicals from one place to another in chemical and processing industries.
APAC is the dominating region in the global fluoropolymers market, owing to an increase in demand from automotive, electronics, and consumer products from emerging nations such as India, China, Japan, and South Korea. Major companies operating in the global Fluoropolymers market are Daiken Industries Ltd, The Chemours Company, Solvay SA, Gujarat Fluoropolymers, 3M, AGC Chemicals, The Dongyue Group, Halopolymer OJSC, Hubei Everflon polymer, Arkema Group, Shanghai 3F New Material Co Ltd, Zhejiang Juhua Co Ltd.
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
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To extract data for the global Fluoropolymers market, primary research surveys were conducted with Fluoropolymer manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for the global fluoropolymers market over the coming years.
ChemAnalyst calculated Fluoropolymers' demand globally by analyzing the historical data and demand forecast. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as fluoropolymer manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the global fluoropolymers market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Grade Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Polyvinylidene fluoride (PVDF), Fluoroelastomers and Others (ECTFE, PFA) etc.
Market, by End Use Chemical processing, pharmaceutical, industrial textile, semiconductor and electronics, and aviation industries
Market, by Distribution Channel Direct/Institutional Sales, Indirect Sales
Market, by Region North America, APAC, Europe, MEA, South America
Market, by Region
North America United States, Mexico, Canada
APAC China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe Germany, Russia, France, United Kingdom, Spain, Italy
MEA Saudi Arabia, UAE, South Africa
South America Brazil, Argentina, Chile
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.
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