Fluoropolymers Market Size, Growth, Future Value, Trends and Revenue Forecast 2022-2027
The market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.26% during 2022-2027.
Table of contents
No headings in the article.
According to the latest report by IMARC Group, titled “Fluoropolymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, , offers a comprehensive analysis of the industry, which comprises insights on fluoropolymers market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global fluoropolymers market size reached US$ 7.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.26% during 2022-2027.
Note: We are updating our reports, If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.
Request Free Report Sample: https://www.imarcgroup.com/fluoropolymers-market/requestsample
Market Overview:
A fluoropolymer refers to semi-crystalline polymeric materials that encompass carbon backbone and fluorine to form strong carbon fluoride bonds. It offers various benefits, such as cryogenic stability, electrical, thermal, and chemical resistance, mechanical insulation, and stress cracking. Apart from this, fluoropolymers can withstand extreme environmental conditions and perform well under corrosive and high-temperature situations. As a result, fluoropolymers are used in roofing, additives, membranes, and other electrical applications, including non-stick coatings, additives, and industrial film products. Currently, fluoropolymers are mainly available in melted, granular, and powdered forms.
Fluoropolymers Market Growth Drivers:
The widespread adoption of fluoropolymers across various industrial verticals, owing to their several benefits, including reduced overall life cycle costs, ensured waste management, and non-corrosive properties, is primarily driving the market growth. Moreover, the extensive use of medical-grade fluoropolymers for coating several surgical instruments to reduce the risk of infections while performing corneas or heart valve replacement surgeries is impelling the market.
Additionally, the rising need for consumer electronics has facilitated the uptake of fluoropolymers to manufacture semiconductors, photovoltaic modules, batteries, and fuel cells used in smartphones and computers, which is favoring the market growth.
Furthermore, the advent of high-performance fluoropolymers (HPF) and their usage across the automotive sector to design different exterior and interior components, owing to their dimensional stability and low weight, is propelling the market growth. Besides this, expanding industrial infrastructure and growing research and development (R&D) initiatives are supporting the market growth.
Fluoropolymers Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global fluoropolymers market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
3M Company
AGC Inc.
Arkema S.A
Compagnie de Saint-Gobain S.A
Daikin Industries Ltd.
Dongyue Group
DuPont de Nemours Inc.
Honeywell International Inc.
Mitsubishi Chemical Corporation
Saudi Basic Industries Corporation
Shin-Etsu Chemical Co. Ltd
Solvay S.A.
The Chemours Company
Key Market Segmentation:
The report has segmented the global fluoropolymers market on the basis of product type, application, end use industry and region.
Breakup by Product Type:
PTFE
FEP
PVDF
Fluoroelastomer
PVF
PFA
ETFE
Others
Breakup by Application:
Films and Sheets
Tubes and Pipes
Membrane
Sealant
Roofing
Additives
Others
Breakup by End Use Industry:
Transportation Equipment
Electrical and Electronics
Construction
Industrial Equipment
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Get TOC Details: https://www.imarcgroup.com/fluoropolymers-market/toc
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse Related Reports:
Starch Blended Biodegradable Polymer Market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800