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 (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI486122 | Publish Date: March 2024 | No. of Pages: 168

Global Fluoropolymers Market Overview

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. The Global Fluoropolymers Market accounted for US$ 2.39 billion in 2020 and is estimated to be US$ 3.69 billion by 2030 and is anticipated to register a CAGR of 4.50%.

Impact of Covid-19 pandemic on market

The COVID-19 had an influence on the fluoropolymers business since it imposed a lockdown in practically every sector around the world. The automobile and aerospace sectors were badly impacted because they are significant fluoropolymer clients. Due to a shortage of workers, travel restrictions, and low demand for spare parts, commercial aviation industries are experiencing production disruptions and declining demand. Aircraft manufacturers are capital intensive by nature, which raises cash flow and liquidity difficulties in the short term. The drop in output impacted material sources, and these factors influenced the demand for fluoropolymers. However, due to the Pandemic, there has been a huge increase in the need for fluoropolymers in the medical industry, as there is a strong demand for testing and other health equipment.

Global Fluoropolymers Market Dynamics

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.

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Global Fluoropolymers Market Segmentation

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.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

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 User – Transportation Equipment, Electrical & Electronics, Construction, Industrial Equipment, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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 2019 to 2029. For the purpose of this study, has segmented the Global Fluoropolymers Market report based on Product Type, Application, End User and Region.

                           

                                                                         

Recent Highlights:

  • 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.

Global Fluoropolymers Market, By Region:

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

Global Fluoropolymers Market Key Players

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).

Global Fluoropolymers Market Company Profile

  • Chemours Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daikin Industries
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •   3M
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AGC, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dongyue Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GFL Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Halopolymer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluoroseals SpA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hubei Everflon polymer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

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Global Fluoropolymers Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Fluoropolymers Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End-Use Industry
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Fluoropolymers Market , By Product Type, 2020 – 2030, (US$ Mn)
    • Overview      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • PTFE
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • FEP
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • PVDF
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Fluoroelastomer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • PVF
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • PFA
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • ETFE
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Fluoropolymers Market , By Application, 2020 – 2030, (US$ Mn)
    • Overview 
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Film
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Tube
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sheet
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Pipe
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Membrane
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sealant
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Roofing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Additives
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Fluoropolymers Market , By End-Use Industry, 2020 – 2030, (US$ Mn)
    • Overview    
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Transportation Equipment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Electrical & Electronics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Construction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Industrial Equipment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Fluoropolymers Market , By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles

 

  • Chemours Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daikin Industries
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •   3M
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AGC, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dongyue Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GFL Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Halopolymer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluoroseals SpA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hubei Everflon polymer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

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

Increasing medical and healthcare segment drives the market of fluoropolymers.

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.

The key players operating in the Global 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).