Fluoropolymers Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Fluoropolymers are polymers characterized by numerous strong carbon-fluorine bonds. Owing to the unique attributes such as mechanical, chemical resistant and electrical insulation, fluoropolymers are considered as highly durable protective coatings in various applications such as architectural coating preparations, particularly those required in the exteriors. Fluoropolymers have a high usage in industrial processing due to their oil and chemical resistant properties.

Key factor driving the global consumption levels of fluoropolymers is rampant growth of the automotive end-use industry. Fluoropolymers have a prominent application in the auto industry activities such as production processes of fuel hoses, gaskets, O-rings, shaft seals, power steering systems, and transmission systems. All types of fluoropolymers used in automotive industry offer superior and desirable characteristics of high resistance to thermal wear, chemical exposure, friction, and mechanical wear and tear. Furthermore increasing demand for fluoropolymers is also observed in the manufacturing processes of electronics and medical devices. The various other applications of fluoropolymers in cookware, semiconductors, cables, and wires are also expected to fuel demand for fluoropolymers over the forecast period (2016–2024).

Request a sample pdf Copy of report@ https://www.coherentmarketinsights.com/insight/request-sample/347

However, the market is expected to have few potential restraints such as environmental concern regarding the usage of fluoropolymers, as it is nearly impermeable to natural degradation due to its attributes. Furthermore, numerous fluoropolymers break down into chemicals that can cause cancer.

Fluoropolymers Market: Market Taxonomy

By Product Type

The global market is segmented on the basis of product type as follows:

  • Polyvinylidene fluoride (PVDF)
  • Polytetrafluoroethylene (PTFE)
  • Fluorinated ethylene propylene (FEP)
  • Fluoroelastomers

By Application

The global market is segmented on the basis of application as follows:

  • Automotive & Transportation
  • Industrial Equipment
  • Electrical & Electronics
  • Chemical Processing
  • Additives
  • Coatings & Liners
  • Films
  • Others

By End User

The global market is segmented on the basis of end users as follows:

  • Healthcare
  • Industrial Processing
  • Automotive & Aerospace
  • Transportation Equipment
  • Construction
  • Medical
  • Textiles
  • Cookware
  • Lubricants
  • Plastics & Elastomers
  • Electrical & Electronics
  • Others

 

Ask for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/347           

 

Fluoropolymers Market Outlook- Asia Pacific is expected to highlight potential market opportunity for the key players

In Europe, Germany holds a dominating position in the fluoropolymers market attributed to its rapid economic advancement along with significant demand from across industries, particularly automobiles. The U.K. was the second largest market for fluoropolymers in Europe.

North America fluoropolymers market is expected to witness moderate growth over the forecast period. This is mainly attributed to growing demand for fluoropolymers in various flourishing industries such as electrical & electronics and automobile in the region. U.S. holds a leading position in the North America market, followed by Canada and Mexico, respectively. Rapid industrial growth in Mexico in turn creates a highly conducive environment for growth of the regional market for fluoropolymers in the near future.

Asia Pacific held the largest share of the global fluoropolymers market in 2016. Owing to the high growth in GDP along with the significant increase in manufacturing activities, the market market in APAC has witness a prominent growth in the recent past and the trend is expected to continue in the foreseeable future. Increasing demand from the electrical and electronics and healthcare industries is expected to further drive demand for fluoropolymers in the region. Moreover, the significant adoption of specialty grades of fluoropolymers in the healthcare industry for manufacturing of medical devices is expected to generate high revenue for the market.

Prominent players operating in the global fluoropolymers market include E.I. Dupont DE Nemours & Company, Gujarat Fluorochemicals Ltd. (GFL), Honeywell International Inc., Daikin Industries Limited, Solvay SA, 3M Company, Asahi Glass Co. Ltd., Kureha Corporation, Saint-Gobain Arkema SA, Dongyue Group Ltd, Halopolymer Ojsc, and others.

Browse full report https://www.coherentmarketinsights.com/ongoing-insight/fluoropolymers-market-347            

 

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702

Leave a Reply

Designed by CyFocus.com
Powered by CyFocus.net