The global fluoropolymers market size was valued at $5,404 million in 2015 and is expected to reach $9,034 million by 2022, registering a CAGR of 7.7% during the forecast period. Owing to increase in demand high insulation materials in electrical and electronics applications as well as for lightweight materials such as carbon fiber reinforced polymers to be used in automobiles and manufacturing components of aircrafts, the global fluoropolymers market witnesses numerous growth opportunities. Also, the use of fluoropolymers in different applications such as construction and chemical processing fuel the market growth during the forecast period.
The automotive application offers the maximum market potential in the global fluoropolymers market, owing to rapid developments and advancements in the technologies adopted in the automotive coating techniques. Moreover, rise in the demand for fluoropolymers especially in industrial applications as a tensile material is another major factor driving the overall demand for fluoropolymers across the globe. The fluoropolymers in automotive application market is expected to register a CAGR of 8.2% during the forecast period. Moreover, electrical and electronics and industrial applications also promise market growth.
The report segments the global fluoropolymers market based on type, application, and geography. Based on type, the market is divided into polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluorinated ethylene propylene (FEP), fluoroelastomers and others. Based on application, the market is divided into automotive, electrical and electronics, construction, industrial applications, chemical processing, healthcare and others. The automotive segment is projected to register a significant CAGR during the forecast period. Geographically, the global fluoropolymers market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Leading market players have invested huge capital in R&D activities to develop advanced products to cater to the demand of end users. The major players in the fluoropolymers market are:
The Chemours Company
Daikin Industries Ltd.
The 3M Company
Gujrat Fluorochemicals Ltd.
Asahi Glass Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging market trends and opportunities in the global fluoropolymers market.
It includes a detailed qualitative and quantitative analysis of the current market estimations during the forecast period to determine the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Comprehensive regional analysis based on primary as well as secondary sources is also offered.
Extensive analysis is conducted by following key product positioning and by monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions.
The report furnishes key insights on strategic analysis of various companies and value chain analysis of the fluoropolymers market.
KEY MARKET SEGMENTS
Polyvinylidene Fluoride (PVDF)
Fluorinated Ethylene Propylene (FEP)
Others (PFA, PCTFE etc.)
Electrical and Electronics
Others (Transportation etc.)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Other players in the value chain (profiles not included in the report) include
Honeywell International Inc.
Zhejiang Juhua Co. Ltd
Shanghai 3F New Materials Co. Ltd.
Fuxin Heng Tong Fluorine Chemicals Co. Ltd.
*The above list of companies is not profiled in the report, and can be added based on client interest.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
126.96.36.199. Increasing use in electrical and electronic applications
188.8.131.52. Increasing penetration of low volume fluoropolymers
184.108.40.206. Increasing use of fluoropolymers in construction additives
220.127.116.11. Rising material costs
18.104.22.168. Harmful environmental impact of fluoropolymers
22.214.171.124. Increasing demand in industrial maintenance sector
3.5. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. GLOBAL FLUOROPOLYERMS MARKET, BY TYPE
4.1.1. Market Size and Forecast
4.2. POLYTETRAFLUOROETHYLENE (PTFE)
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. POLYVINYLIDENE FLUORIDE (PVDF)
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. FLUORINATED ETHYLENE PROPYLENE (FEP)
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.6. OTHERS (PFA, PCTFE ETC.)
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast
CHAPTER 5. GLOBAL FLUOROPOLYMERS MARKET, BY APPLICATION
5.1.1. Market Size and Forecast
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. ELECTRICAL AND ELECTRONICS
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.6. CHEMICAL PROCESSING
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast
5.8. OTHERS (TRANSPORTATION ETC.)
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast
CHAPTER 6. GLOBAL FLUOROPOLYMERS MARKET, BY GEOGRAPHY
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
126.96.36.199. Market size and forecast, by type
188.8.131.52. Market size and forecast, by type
184.108.40.206. Market size and forecast, by type
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by type
18.104.22.168. Market size and forecast, by type
22.214.171.124. Market size and forecast, by type
126.96.36.199. Market size and forecast, by type
188.8.131.52. Market size and forecast, by type
6.3.8. Rest of Europe
184.108.40.206. Market size and forecast, by type
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by type
18.104.22.168. Market size and forecast, by type
22.214.171.124. Market size and forecast, by type
126.96.36.199. Market size and forecast, by type
188.8.131.52. Market size and forecast, by type
6.4.8. Rest of Asia-Pacific
184.108.40.206. Market size and forecast, by type
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by type
18.104.22.168. Market size and forecast, by type
6.5.5. South Africa
22.214.171.124. Market size and forecast, by type
6.5.6. Rest of LAMEA
126.96.36.199. Market size and forecast, by type
CHAPTER 7. COMPANY PROFILES
7.1. THE CHEMOURS COMPANY
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. THE 3M COMPANY
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3. SOLVAY SA
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4. DAIKIN INDUSTRIES LIMITED
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5. ARKEMA GROUP
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. GUJRAT FLUOROCHEMICALS LTD.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. JIANGSU MEILAN
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. DONGYUE GROUP LTD.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. SHANGHAI SANAIFU
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. ASAHI GLASS CO. LTD.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
A fluoropolymer is a type of thermoplastic resin which is generally fluorocarbon based polymer which possess strong carbon-fluorine bonds. Fluoropolymers are characterized by high resistance to acids, solvents and bases. Fluoropolymers reflect the properties of fluorocarbons since they are not susceptible to van der waals forces alike hydrocarbons. This factor contributes to their excellent friction reducing and non-stick properties. Fluoropolymers are relatively more stable due to the presence of multiple carbon-fluorine bonds. Mechanically, fluoropolymers are categorized as thermoplastics or thermosets and can be considered as copolymers or homopolymers.
At present, the global fluoropolymers market witnesses a lot of opportunities due to rise in demand for lightweight materials and coatings such as Teflon to be used in automobiles and manufacturing components of aircrafts. Moreover, different applications of fluoropolymers in lubrication and electrical and electronics is another factor anticipated to propel the growth of the market during the forecast period. In addition, rise in need for cost-effective insulating material coupled with increase in demand for fluoropolymer electrodes drive the market growth.
Fluoropolymers are expected to register the highest growth in the automotive application owing to rise in use of highly stable fluoropolymer based coatings. Furthermore, fluoropolymers offer several advantages such as higher operating reliability, low conductivity, high resistance to corrosion, higher strength, and higher stability.
Industrial processing segment accounted for around one-third share, in terms of volume, in 2015. In response to the perennial modifications in the industrial processing applications, efficient and lightweight fluoropolymers products are currently in high demand across the globe. Moreover, increase in requirement of cost-effective battery electrodes and rise in adoption of fluoropolymers in automotive industry drive the global fluoropolymers market.
Key Findings of the Fluoropolymers Market:
In terms of value, the polytetrafluoroethylene (PTFE) segment is projected to be the fastest growing segment during the analysis period.
Asia-Pacific is projected to maintain its lead position throughout 2022 and grow at a CAGR of 6.1%, in terms of volume.
In terms of volume, the electrical and electronics application segment occupied for approximately one-fourths of the total market in 2015.
UK occupied around one-thirds of the total Europe fluoropolymers market in 2015.
In terms of value, India is expected to grow at the fastest rate in the Asia-Pacific region and is expected to grow at a CAGR of 8.2% from 2016 to 2022
In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the total fluoropolymers market and are expected to continue this trend due to increase in the growth of automotive and electrical and electronics industry, specifically in China, India, Brazil, and other developing economies. Moreover, rise in use of fluoropolymers in construction applications and changes in preference of thermoplastic resin manufacturers to set up their manufacturing facilities in the aforementioned countries boost the growth of the fluoropolymers market in the Asia-Pacific and LAMEA regions.
The major companies profiled in the report include The Chemours Company, Daikin Industries Ltd., The 3M Company, Solvay SA, Dongue Group, Jiangsu Meilan, Shanghai Sanaifu, Arkema SA, Gujrat Fluorochemicals Ltd. and Asahi Glass Co. Ltd.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.