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The global fluoropolymers market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Fluoropolymers are lightweight and durable plastic resins with a strong carbon-fluoride bond. They are chemically inert and have broad temperature ranges, low friction, and excellent dielectric, wear, and thermal insulation properties. As a result, they are used in industries requiring thermal stability, cryogenic properties, chemical flame resistance, high volume and surface resistivity, and low coefficient friction, surface energy, and dielectric constant. Presently, they are available in several forms, including granulate, films, paste, dispersion, and melt-processable, which can resist heat, water, and salt and perform well in harsh environments.
The market growth of fluoropolymers can be attributed to their wide applications in different industry verticals across the globe. For instance, they are used in the electronics industry as durable, low maintenance, and economical alternatives to exotic metals. Furthermore, they function as insulation materials in manufacturing flexible printed circuits and ultrapure components of semiconductors. They are also utilized for making fabrics, non-stick coatings for cookware, and fiberglass composites in construction work on account of their flame retardancy, thermal stability, weatherability, and friction properties. Apart from this, boosting sales of vehicles across the globe are increasing the application of fluoropolymers in the automotive industry for O-rings, gaskets, shaft seals, valve stem seals, fuel hoses linings, and power steering. Moreover, they are gaining traction in the chemical processing industry for coatings heat exchangers, pumps, diaphragms, impellers, tanks, reaction vessels, autoclaves, containers, flue duct expansion joints, and heavy-wall solid pipes. Furthermore, due to the rising prevalence of chronic medical conditions, fluoropolymers are employed in the healthcare industry for manufacturing cardiovascular grafts, ligament replacement, heart patches, and other medical devices around the world.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fluoropolymers market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, application and end use industry.
Breakup by Product Type:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and The Chemours Company.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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. and The Chemours Company.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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