According to a new market report published by Lucintel, the future of the global fluoropolymer market is attractive with opportunities in various end use industries, including industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others. The global fluoropolymer market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $8.4 billion by 2026 with a CAGR of 4.7% from 2021 to 2026. The major drivers for growth in this market are increasing demand for high performance polymers in industrial processing, transportation, and electrical and electronics, because of its superior properties such as non-adhesiveness, low friction, non-stick, high dielectric, and chemical resistance properties.
In this market, PTFE, FEP, and PVF are the major fluoropolymers used in different end use industries. Lucintel forecast that PTFE fluoropolymer will remain the largest segment by value and volume and will experience the highest growth over the forecast period because it absorbs ultraviolet electromagnetic radiation and has excellent dialectic and chemical resistance properties. It can also be used both at very high (up to 530 K) and extremely low temperatures.
Within the global fluoropolymer market, industrial processing will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period due to increasing demand for fluoropolymer based plastic products in chemical processing equipment.
Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the
industry, include megatrends of mobility, neoecology, connectivity, and
digitalization in automotive industry and new developments in the field of
electrical engineering/electronics and telecommunications. Chemours, Daikin
Industries Ltd, 3M (Dyneon), Solvay, and Halopolymer OJSC are among the major
suppliers of the fluoropolymer market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fluoropolymer market by product type, end use industry, form, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Fluoropolymer Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global fluoropolymer market by product type, end use industry and region as follows:
By Product Type [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
- PTFE (Polytetrafluoroethylene)
- PVDF (Polyvinylidene fluoride)
- FEP (Fluorinated ethane propene copolymer)
- Fluoroelastomer
- PVF (Polyvinyl fluoride)
- Others
By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
- Industrial processing
- Electrical and Electronics
- Automotive and Aerospace
- Construction
- Healthcare
- Others
By Region [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This 160 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global fluoropolymer market by product type (PTFE, FEP, PVDF, PVF, fluoroelastomer, and others), end use industry (industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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