Fluoropolymers Industry 2022-2030

Fluoropolymer is a chemical compound that comprises bonds of carbon fluoride. It provides a range of properties, such as chemical resistance, electrical and mechanical insulation properties, thermal resistance, stress cracking, and others. Such properties open opportunities for fluoropolymers in many applications, from coatings to industrial films. It is also used in household applications, construction, and electrical & electronics, among others.

Key Players

Some of the leading participants operating in the global fluoropolymers market are DowDupont,Inc (U.S.), Solvay SA(Belgium), Asahi Glass Co, Ltd (Japan), 3M (U.S.), Daikin Industries, Ltd (Japan), Honeywell International Inc. (U.S.), Saint-Gobain S.A. (France), Arkema Group (France), The Chemours Company (U.S.), Kureha Corporation (Japan), W.L. Gore & Associates, Inc (Japan), Zeus Industrial Products, Inc. (U.S), and Gujarat Fluorochemicals Ltd (India).

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As per Market Research Future (MRFR) analysis, the global fluoropolymer market is estimated to reach USD 9,912.5 million with a CAGR 6.45% from 2017 2023 (forecast period). The report provides a comprehensive overview of the global situation, the economic condition, and the COVID-19 impact on the overall market.

Market Dynamics

The market for fluoropolymers is projected to increase significantly during the forecast period. The increasing demand for superior performance materials in architectural coatings and the rising need for lightweight materials in the automobile sector have contributed massively to the growth of the global market for fluoropolymers. According to the MRFR report, the automobile and transport industry held the second-largest share of the global demand for fluoropolymers in 2016 and is expected to rise at a CAGR of more than 7% over the projected years.

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Furthermore, the high chemical and thermal resistance properties of fluoropolymers make them ideal for use in the semiconductor and aerospace industries. Fluoropolymers are commonly used igniters in the aerospace industry coupled with pipe fittings and wafer handling in the semiconductor industry. Such rising applications in the aerospace and semiconductor industries are anticipated to propel the market during the forecast period. In addition, an increasing perception of environmental impacts has shifted preference to green fluoropolymers, which is projected to be a significant opportunity for the global Fluoropolymers Industry

However, compliance with strict government regulations to minimize carbon emissions in the production of fluoropolymers is estimated to impede the market growth.

Market Segmentation

The global market for fluoropolymers has been segmented based on type, application, and end-use. 

Based on type, the global market for fluoropolymers has been segmented into polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), fluoroelastomers (FKM), fluorinated ethylene-propylene (FEP), ethylene tetrafluoroethylene (ETFE), polychlorotrifluoroethylene (PCTFE), and others. 

Based on application, the global market for fluoropolymers has been segmented into paints & coatings, films, tubing, additives, and others. 

Based on end-use, the global market for fluoropolymers has been segmented into chemical processing, automotive & transportation, electrical & electronics, construction, industrial equipment, medical, household, and others. 

Regional Analysis

The global market for fluoropolymer has been spanned across five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific was the largest market in 2016 and is expected to rise at a CAGR of 7.29% during the assessment period. China is leading the global market, accounting for a market value of USD 776.1 million in 2016. In addition, the Indian fluoropolymer market is expected to be the second-largest market in the forecast period. According to MRFR analysis, the increasing disposable per capita income in the region has led to the development of major end-use industries, which is expected to be a significant driver of market growth. In addition, the increasing adoption of specialty fluoropolymers in the healthcare sector for the manufacture of medical devices is further projected to generate high revenues in the fluoropolymer market. 

The North American market is expected to reach a market size of USD 2.193.8 million and a market share of 86.8 kilotons by 2023. The U.S. market is predicted to have the highest CAGR of over 6.50%, and the Canadian market is estimated to have a CAGR of over 6%. The chemical processing industry is expected to produce the highest revenue in the region. In addition, growing investment in infrastructure development, particularly in Canada, such as the New Building Canada Fund, is expected to expand the demand for fluoropolymers. Fluoropolymers are commonly used in architectural coatings because they deliver excellent shape and design.

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Table of Content

1 EXECUTIVE SUMMARY

1.1 GLOBAL FLUOROPOLYMERS MARKET, BY TYPE 22

1.2 GLOBAL FLUOROPOLYMERS MARKET, BY APPLICATION 23

1.3 GLOBAL FLUOROPOLYMERS MARKET, BY END-USE INDUSTRY 24

1.4 GLOBAL FLUOROPOLYMERS MARKET, BY REGION 25

2 MARKET INTRODUCTION

2.1 DEFINITION 26

2.2 SCOPE OF THE STUDY 26

2.3 MARKET STRUCTURE 26

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 27

3.2 PRIMARY RESEARCH 28

3.3 SECONDARY RESEARCH 28

3.4 MARKET SIZE ESTIMATION 29

3.5 FORECAST MODEL 31

3.6 LIST OF ASSUMPTIONS 31

4 MARKET DYNAMICS

4.1 INTRODUCTION 32

4.2 DRIVERS 33

4.2.1 INCREASING DEMAND FOR SUPERIOR PERFORMANCE MATERIALS IN ARCHITECTURAL COATINGS 33

4.2.2 ROBUST GROWTH IN ELECTRICAL AND ELECTRONICS INDUSTRY 33

4.2.3 GROWING DEMAND FROM THE AUTOMOTIVE INDUSTRY 34

4.2.4 DRIVERS IMPACT ANALYSIS 35

4.3 RESTRAINT 36

4.3.1 HIGH COST ASSOCIATED WITH FLUOROPOLYMERS 36

4.3.2 RESTRAINT IMPACT ANALYSIS 36

4.4 OPPORTUNITIES 36

4.4.1 RISING PREFERENCE TOWARDS GREEN FLUOROPOLYMERS 36

4.4.2 GROWING APPLICATION AREAS OF FLUOROPOLYMERS 37

4.5 CHALLENGE 37

4.5.1 STRINGENT REGULATIONS 37

4.6 MACRO-ECONOMIC INDICATORS 37

4.6.1 FORECAST & TRENDS OF GDP 37

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS 39

5.1.1 RAW MATERIALS SUPPLIERS 39

5.1.2 FLUOROPOLYMERS MANUFACTURERS 40

5.1.3 DISTRIBUTION CHANNELS 40

5.1.4 END-USE INDUSTRY 40

5.2 PORTER’S FIVE FORCES MODEL 40

5.2.1 THREAT OF NEW ENTRANTS 41

5.2.2 THREAT OF SUBSTITUTES 41

5.2.3 BARGAINING POWER OF SUPPLIERS 41

5.2.4 BARGAINING POWER OF BUYERS 42

5.2.5 RIVALRY 42

5.3 GLOBAL FLUOROPOLYMERS MARKET, PRICING OVERVIEW 42

5.4 IMPACT OF COVID-19 ON FLUOROPOLYMERS INDUSTRY 42

5.4.1 IMPACT OF COVID-19 ON SUPPLY CHAIN OF FLUOROPOLYMERS MARKET 42

5.4.2 IMPACT OF COVID ON THE GLOBAL ECONOMY 43

5.4.3 NUMBER OF COVID-19 CASES 44

5.4.4 MAJOR GOVERNMENT POLICIES TO COUNTER THE IMPACT OF COVID-19 45

5.4.4.1 US 45

5.4.4.1.1 FISCAL POLICIES- 45

5.4.4.1.2 MONETARY AND MACRO-FINANCIAL 45

5.4.4.2 EUROPEAN UNION 45

5.4.4.2.1 FISCAL POLICIES- 45

5.4.4.2.2 MONETARY AND MACRO-FINANCIAL 46

5.4.4.3 CHINA 46

5.4.4.3.1 FISCAL POLICIES- 46

5.4.4.3.2 MONETARY AND MACRO-FINANCIAL 46

5.4.4.4 INDIA 47

5.4.4.4.1 FISCAL POLICIES- 47

5.4.4.4.2 MONETARY AND MACRO-FINANCIAL 47

5.4.5 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND DUE TO COVID-19 47

6 GLOBAL FLUOROPOLYMERS MARKET, BY TYPE

6.1 INTRODUCTION 49

6.2 POLYTETRAFLUOROETHYLENE (PTFE) 51

6.3 POLYVINYLIDENE FLUORIDE (PVDF) 52

6.4 FLUOROELASTOMERS (FKM) 54

6.5 FLUORINATED ETHYLENE-PROPYLENE (FEP) 55

6.6 ETHYLENE TETRAFLUOROETHYLENE (ETFE) 56

6.7 POLYCHLOROTRIFLUOROETHYLENE (PCTFE) 57

6.8 OTHERS 58

7 GLOBAL FLUOROPOLYMERS MARKET, BY APPLICATION

7.1 INTRODUCTION 59

7.2 COATINGS 61

7.3 FILMS & SHEETS 62

7.4 TUBES 63

7.5 ADDITIVES 64

7.6 OTHERS 65

8 GLOBAL FLUOROPOLYMERS MARKET, BY END-USE INDUSTRY

8.1 INTRODUCTION 66

8.2 CHEMICAL PROCESSING 68

8.3 AUTOMOTIVE 70

8.4 ELECTRICAL AND ELECTRONICS 71

8.5 BUILDING AND CONSTRUCTION 73

8.6 INDUSTRIAL EQUIPMENT 74

8.7 MEDICAL 75

8.8 HOUSEHOLD 76

8.9 OTHERS 77

9 GLOBAL FLUOROPOLYMERS MARKET, BY REGION

9.1 INTRODUCTION 79

9.2 NORTH AMERICA 86

9.2.1 US 91

9.2.2 CANADA 95

9.3 EUROPE 99

9.3.1 GERMANY 104

9.3.2 UK 108

9.3.3 RUSSIA 112

9.3.4 FRANCE 116

9.3.5 SPAIN 120

9.3.6 ITALY 124

9.3.7 REST OF EUROPE 128

9.4 ASIA-PACIFIC 132

9.4.1 CHINA 137

9.4.2 JAPAN 141

9.4.3 INDIA 145

9.4.4 SOUTH KOREA 149

9.4.5 AUSTRALIA & NEW ZEALAND 153

9.4.6 REST OF ASIA-PACIFIC 157

9.5 LATIN AMERICA 161

9.5.1 BRAZIL 166

9.5.2 MEXICO 170

9.5.3 ARGENTINA 174

9.5.4 REST OF LATIN AMERICA 178

9.6 MIDDLE EAST & AFRICA 182

9.6.1 TURKEY 187

9.6.2 GCC 191

9.6.3 SOUTH AFRICA 195

9.6.4 REST OF MIDDLE EAST & AFRICA 199

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW 203

10.2 GLOBAL MARKET STRATEGY ANALYSIS 203

10.3 KEY DEVELOPMENTS 204

10.4 COMPETITIVE BENCHMARKING 207

11 COMPANY PROFILES

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