Fluoropolymers Industry | Share, Size, Trends, Report Overview, Demand Analysis and Forecast by 2027
Market Overview
The global fluoropolymers market,
during the forecast period 2015-2023, will register growth at a CAGR of 6.50%.
The market for fluoropolymers is set to reach US$11,823.1 million by 2027. As
per fluoropolymers market analysts, the global market is anticipated to witness
growth owing to the factors such as ongoing R&D for product development as
well as various end-use and high-tech applications. However, the global market
will face challenges and restraints due to stringent regulations by governments
and trend towards the alternative use of fluoropolymers during the forecast
period 2015-2023.
The escalating demand from automotive
and building & construction industries in the fluoropolymers market is set
to play a key role in determining the growth potential during 2015-2023years.
Analysts have also studied the report market to understand potential threats
and challenges the Fluoropolymers Industry companies could
face. Although the market report is poised to grow at a fast pace across
application, end-use industry, region, and type segments, factors such as the
availability of alternatives could slow down the report market's growth
worldwide.
Market Segmentation
The fluoropolymers industry has been
segmented into application, end-use industry, region, and type. Based on the
segment which is application, the market is categorized on the basis of
additives, coatings, films and sheets, tubes, and others. The global market for
fluoropolymers is further segmented based on the end-use industry into
automotive, building and construction, chemical processing, electrical and
electronics, household, industrial equipment, medical, and others. Furthermore,
the market, on the basis of type is segmented into Ethylene Tetrafluoroethylene
(ETFE), Fluorinated Ethylene-Propylene (FEP), Fluoroelastomers (FKM),
Polychlorotrifluoroethylene (PCTFE), Polytetrafluoroethylene (PTFE),
Polyvinylidene Fluoride (PVDF), and others.The global market research report
covers all the aspects of the fluoropolymers market based on the segmental
analysis of these application, end-use industry, region, and type segments.
Analysts have also studied the global fluoropolymers market's regional markets
spread across many continents and countries. The application, end-use industry,
region, and type segments along with their sub-segments have been analyzed and
companies functioning in the market across these segments are profiled and
analyzed based on input and feedback from fluoropolymers market-based decision
makers as well as primary and secondary sources. The research report presents
analysis based information for companies functioning in the market.
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Regional Overview
Consumers looking for alternative
product solutions may hinder the fluoropolymers market growth. The market
research report suggests that companies in the market could be supported by the
increasing shift towards green fluoropolymers as well as manufacturers
extending their product portfolios during the forecast period. The fluoropolymers
market is set to register growth at a high CAGR owing to these key factors. The
market report is spread across North America, Europe, Asia-Pacific, and other
parts of the world. The global market research report reveals that APAC, North
America, and Europe regional fluoropolymers industry will dominate the global
market for fluoropolymers during the forecast period 2015-2023. As per market
analysts, the market is set to witness tremendous growth across coatings and
chemical processing segments in North America which covers research markets
across the United States, Canada, Mexico and several other regional markets.
Companies active in the market are also analyzed and studied in the
fluoropolymers market research report.
Europe covers smaller market segments
of Germany, Italy, France, and the United Kingdom. Additionally, the
fluoropolymers market research report covers the Asia-Pacific region covering
fluoropolymers markets from India, China, Japan, Australia, and others. The
market is also spread across the rest of the world. The market report covers
all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Fluoropolymers have seen increased
demand over the years, due to bio-based fluoropolymers to end-users and
increased demand for architectural coating. Companies functioning in the global
market are also being challenged due to strict rules and regulations and
unfavorable policies. Mergers and acquisitions by fluoropolymers market
companies are anticipated to help the market during the forecast period
2015-2023. As the fluoropolymers market is set to register a high CAGR of 6.50%
and is also anticipated to reach a US$11,823.1 million by 2027, the report
highlights key areas companies need to focus on. The report suggests that the
market will see a healthy growth in the long run till 2023. Based on SWOT
analysis and fluoropolymers market’s analysis based on Porters’ Five Force
Model presented in the market report. Mergers and acquisitions by
fluoropolymers market companies are anticipated to help the market during the
forecast period 2015-2023.
Industry News
The Italian maker of fluoropolymer
composites, Heroflon S.p.A. was recently acquired by Daikin Industries, Ltd.
After completing the relevant proceedings, Daikin will acquire all company
shares held by Heroflon Executive Officers at the end of October 2017. Heroflon
is a producer of compounds that manufactures fluoropolymers that combine
different materials with high efficiency. Its product line consists of
fluoropolymer compounds and polytetrafluoroethylene-centric micropowder. PTFE
is a fluoropolymer that is highly operational in various sectors including the
automobile, building, electrical and chemical industries.
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