The modern-day document posted via Report Ocean, titled “Fluoropolymers Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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.
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Fluoropolymers are high performance plastics widely high temperature and harsh chemical environments, majorly where a critical performance specification is need to be met. Fluoropolymers are widely used across automotive, telecommunications, aerospace, electrical and electronics and chemical processing applications among others owing to their high tensile strength and excellent heat resistance properties. Industrial applications segment accounted for the largest share in the global fluoropolymers market and is expected to remain a dominant application segment throughout 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.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
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.
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
Solvay SA
Dongue Group
Jiangsu Meilan
Shanghai Sanaifu
Arkema SA
Gujrat Fluorochemicals Ltd.
Asahi Glass Co. Ltd.
Other players in the value chain (profiles not included in the report) include
Halopolymer OJSC
Honeywell International Inc.
Kureha Corporation
Saint-Gobain
Zhejiang Juhua Co. Ltd
Shanghai 3F New Materials Co. Ltd.
Fuxin Heng Tong Fluorine Chemicals Co. Ltd.
Whitford
Zeus Inc.
Chenguang R.I.C.I.
KEY MARKET SEGMENTS
By Type
Polytetrafluoroethylene (PTFE)
Polyvinylidene Fluoride (PVDF)
Fluorinated Ethylene Propylene (FEP)
Fluoroelastomers
Others (PFA, PCTFE etc.)
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By Application
Automotive
Electrical and Electronics
Construction
Industrial Applications
Chemical Processing
Healthcare
Others (Transportation etc.)
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
Spain
France
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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