Fluoropolymers are high-performance plastic materials that are used in environments with severe climatic conditions and high temperatures. They are mainly used where accurate performance requirement is of utmost importance. Fluoropolymers are mainly used in defense and automotive , as well as in aerospace, electronics and telecommunications. The consumer applications of this can be found in the making of non-stick fry pans. The global fluoropolymer market size was valued at USD XX million in 2017 and is expected to witness a CAGR of XX% during the forecast period.
The large-scale usage of fluoropolymers in order to meet the rising demand for medical devices, is attributed to its characteristic of good dielectric properties, lubricity and biocompatibility. Fluoropolymers are also being used in the growth of biomedical materials for non-natural heart valves and corneas. Fluoropolymer is developing as one of the primarily used material in the healthcare industry and therapeutic devices substituting many other plastic products. Due to its unique properties of exhibiting high resistance to heat and chemical as well as low coefficient, these materials are also used as a replacement of bone for knee, ear, skull, and hip and nose parts. The major players in the global fluoropolymers market are now focusing on development of environment friendly and recyclable fluoropolymers. These developments are the primary accelerators of the market. However, the market is being hampered by the presence of stringent framework in production and usage of fluoropolymers.
The global fluoropolymer market is classified into product, application and geography. Based product the global market is bifurcated into fluoroelastomers, fluorinated ethylene propylene (FEP), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), and other. On the basis of application, the fluoropolymers market is divided into automotive, electrical & electronics, construction, industrial applications, chemical processing, healthcare, and others (medical devices, pharmaceutical packaging, and drug delivery). Geographically, global fluoropolymers market is segmented into North America, Asia-Pacific, Europe, Middle-East & Africa, and Latin America. Asis Pacific is expected to be the most attractive market globally, due to mounting demand in the Chinese manufacturing industries.
The primary players in the global market for fluoropolymer are Asahi Glass Co., Ltd, Solvay S.A., Daikin Industries Ltd., E.I Dupont De Nemours and Company, The Chemours Company, Zeus Industrial Products Inc., Mexichem S.A.B. de C.V., 3M Company, W. L. Gore & Associates, Inc., Compagnie de Saint-Gobain S.A., Quadrant AG, and Honeywell International Inc. among others.
Fluoropolymer Market Key Segments:
On the Basis of Product:
• Polyvinylidene Fluoride (PVDF)
• Polytetrafluoroethylene (PTFE)
• Fluorinated Ethylene Propylene (FEP)
On the Basis of Application:
• Electrical & Electronics
• Chemical Processing
• Industrial Applications
On the Basis of Region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA