Fluoropolymers Market by Product Type (PTFE, FEP, PVDF, Fluoroelastomer, PVF, PFA, ETFE, and Others), By Application (Film, Tube, Sheet, Pipe, Membrane, Sealant, Roofing, Additives, and Others), By End-Use Industry (Transportation Equipment, Electrical & Electronics, Construction, Industrial Equipment, and Others) and By Region - Trends, Analysis and Forecast till 2030

Fluoropolymers Market accounted for USD 2.39 Billion in 2020 and is estimated to be USD 3.69 Billion by 2030 and is anticipated to register a CAGR of 4.50%.

A fluoropolymer is a chemical molecule that contains carbon fluoride linkages. Chemical resistance, electrical and mechanical insulation, heat resistance, stress cracking, and other qualities are among them. Fluoropolymers, from coatings to industrial films, benefit from these qualities in a variety of applications. It's also used in the home, construction, and electrical and electronics.

Due to their great heat resistance and excellent tensile strength, fluoropolymers are widely employed in a variety of industries, including vehicles, electrical and electronics, and chemical processing. The expanding automotive sector in the United States, Mexico, China, India, and Indonesia, as a result of new product launches by automakers such as General Motors, Toyota, and Volkswagen, is expected to boost market growth in the near future.

Increasing medical and healthcare segment

The fluoropolymers market is being driven by an expansion in the medical and healthcare segment as a result of the pandemic. The increased focus on health and hygiene in order to avoid the spread of COVID-19 has boosted sales of various hospital disposables. Furthermore, governments and health authorities are using federal authority to persuade manufacturers to significantly increase production of hospital disposables. Pharmaceutical companies are expected to be growing at a faster rate than other industries through generating novel products and investing heavily in R&D. In the event of a pandemic, there is a significant surge in the introduction of new items, such as vaccine development. As a result, fluoropolymer manufacturers and distributors will need to examine current systems and find strategies to improve them.

Growing demand of PTFE polymer

Polytetrafluoroethylene (PTFE), which is widely used in semiconductors, automotive components, electrical appliances, and other industries, is expected to grow even more in the coming year. PTFE is also utilised to improve the overall performance of industrial machinery and automotive components while reducing downtime. It's also utilised in the construction industry for gaskets, vessel linings, pump interiors, rings, seals, and well-drilling equipment, among other things. Because of its great resistance to severe chemicals, acids, and caustic, PTFE is used in oil and gas exploration activities.

The Fluoropolymers Market is segmented by Product Type, Application, End-User and Region.

On the basis of Product Type, the Global Fluoropolymers Market is segmented into PTFE, FEP, PVDF, Fluoroelastomer, PVF, PFA, ETFE, and Others. On the basis of Application, the target market is segmented into Film, Tube, Sheet, Pipe, Membrane, Sealant, Roofing, Additives, and Others. Based on End User the market is segmented into Transportation Equipment, Electrical & Electronics, Construction, Industrial Equipment, and Others.

Regional Insights:

On region the Fluoropolymers Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to rising demand for high-quality medical, automotive, consumer, and electronics products, the Asia Pacific high-performance fluoropolymers market has been driven by the existence of big manufacturing hubs in China and India. China, India, Japan, and South Korea are only a few of the world's leading and largest automakers, generating steady demand for fluoropolymer goods in the transportation industry. Furthermore, these countries are major producers and exporters of a wide range of medical and pharmaceutical, electronics, automotive, and chemical products around the world.

Fluoropolymers Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Fluoropolymers Market report based on Product Type, Application, End User and Region.

Fluoropolymers Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the Fluoropolymers Market includes Chemours Company (US), Daikin Industries (Japan), 3M (US), Solvay (Belgium), AGC, Inc. (Japan), Dongyue Group (China), GFL Limited (India), Halopolymer (Russia), Fluoroseals SpA (Italy), and Hubei Everflon polymer (China).

• In March 2020, Inhance Technologies announced the launch of a technology to remove perfluoroalkyl substances (PFAS) from fluoropolymer resins, including perfluorooctanoic acid (PFOA). PFAS species have been found in daily consumer goods and are widely employed in the fluoropolymers sector, but their impact on human health and the environment is now causing worry.
• The firm announced in May 2016 that it will invest US$ 230 million over the next three years to build a new facility at the Chemours site in Ingleside, Texas, with a third-quarter 2018 start-up scheduled. This investment is projected to boost the company's fluoro product capacity, allowing it to benefit from the expansion.

• Chemours Company
• Daikin Industries
•  3M
• Solvay
• AGC, Inc.
• Dongyue Group
• GFL Limited
• Halopolymer
• Fluoroseals SpA
• Hubei Everflon polymer