What is Fluoropolymer Chemicals Market Scope?
Fluoropolymer chemicals are a specialized group of polymeric materials, which are used in a wide range of applications due to unique properties and distinct performance characteristics. The fluoropolymer chemical market presents strong growth driven by the advancement of application processes, the development of new applications and products, and new technological developments. Fluoropolymer chemicals such as PCTFE, PVDF, and THV are used in the automotive industry for automobile fuel and engine systems, which in turn create lucrative opportunities in the United States. North American market was over 288.0 kilotons in 2014 and is likely to witness growth in light of expanding manufacturing base for automotive, construction, and electronics sector in the United States.
Influencing Trend:
Robust Adoption in PV Installation and Development of PVDF-based Architectural Coatings
Market Growth Drivers:
The growing demand for fluoropolymer chemicals from various end-use industries owing to their high heat resistance and excellent tensile strength, are major driving factors for the fluoropolymer chemical industry growth. and Rising Demand for Polymer in Manufacturing Semiconductors in Electronics Industry
Challenges:
Intense Price Competition from Chinese Manufacturers, Difficulty in Processing High-Performance Fluoropolymers and Use of Reprocessed PTFE
Restraints:
Higher Cost Of High-Performance Fluoropolymer Chemicals than Of Conventional Materials, Stringent Government Regulations to Manufacture and Use of Fluoropolymers and Environmental Sustainability
Opportunities:
Growing Technologies and New Developments with Unique Properties, Distinct Performance Characteristics and Emerging Market for Melt-Processable Fluoropolymers
The Fluoropolymer Chemicals market study is being classified by Type (Polytetrafluoroethylene (PTFE), Polyvinylidene fluoride (PVDF), Fluorinated Ethylene Propylene (FEP), Fluoroelastomers and Others (PFA/MFA, ETFE, ECTFE /PCTFE, PVF, THV)), by Application and major geographies with country level break-up.
The demand for fluoropolymers in the medical industry has faced significant high growth, as there is a high demand for testing and other health equipment due to the Pandemic. Fluoropolymers are highly preferred in the medical industry because of their properties such as dielectric, lubricity and biocompatibility. This in turn will increase the growth of fluoropolymers market. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Fluoropolymer Chemicals market throughout the predicted period.
3M (United States), The Chemours Company (United States), DuPont (United States), Honeywell International Inc. (United States), Whitford Corporation (United States), Zeus Inc. (United States), AGC Group (Japan), BASF SE (Germany), Daikin Industries (Japan) and Saint-Gobain (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Solvay (Belgium), Arkema SA (France), Kureha Corporation (Japan), Halopolymer OJSC (Russia), Shanghai 3F New Materials Co. Ltd. (China) and The Dongyue Group (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Fluoropolymer Chemicals market by Type, Application and Region.
On the basis of geography, the market of Fluoropolymer Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In 2017, DAIKIN INDUSTRIES has acquired Italian fluoropolymer compound manufacturer Heroflon S.p.A. Heroflon offer PTFE compounds for various end-use industries such as automotive, construction, and chemical.
In 2019, Dongyue Group has announced plans to expand the dispersion resin and concentrated emulsion PTFE production capacity of its Zibo plant in China. This expansion has been undertaken to cater to the growing demand for PTFE from Europe, North America, South America, and Southeast Asia. and In May 2019, Daikin Industries has announced plans to establish a subsidiary in China to cater to the growing demand for fluorochemicals that are used for manufacturing semiconductors and batteries.
Key Target Audience
Fluoropolymer Chemicals Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Government and Research Institutions, End-Use Industries and Others
Fluoropolymer Chemicals Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Fluoropolymer Chemicals Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Fluoropolymer Chemicals industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.