According to the latest report by IMARC Group, titled “Fluoropolymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Fluoropolymers refer to durable and lightweight plastic resins with a strong carbon-fluoride bond. These polymers are chemically inert and have a wide temperature range, minimal friction, excellent dielectric, wear, and thermal insulation properties. As a result, fluoropolymers are utilized in various industries requiring cryogenic properties, surface energy, cryogenic properties, chemical flame resistance, etc. At present times, they are widely available in numerous forms, such as granulate, films, paste, dispersion, etc., which can withstand heat, water, and salt and perform well in harsh conditions.
The increasing utilization of fluoropolymers in the electronic industry on account of their low maintenance and cost-effective nature is driving the fluoropolymers market globally. Furthermore, the growing prevalence of chronic diseases and elevating adoption of various advanced medical devices, such as heart patches, ligament replacement, cardiovascular grafts, etc., are also bolstering the market growth. Besides this, the increasing use of fluoropolymers in the automotive industry for gaskets, shaft seals, valve stem seals, etc., is further propelling the global market. Moreover, the rising adoption of coatings in heat exchangers, autoclaves, pumps, tanks, etc., in the chemical processing industry is also catalyzing the product demand. Additionally, the elevating utilization of fluoropolymers in fabric-making, non-stick coatings, fiberglass composites, etc., is anticipated to further fuel the market growth over the forecasted period.
Fluoropolymers Market 2021-2026 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:
Breakup by Application:
- Films and Sheets
- Tubes and Pipes
Breakup by End Use Industry:
- Transportation Equipment
- Electrical and Electronics
- Industrial Equipment
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- 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.
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