The latest market report published by Acute Market Reports “Fluoropolymers Market, By Type (polytetrafluoroethylene (PTFE), polyvinyldenefluoride (PVDF), fluorinated ethylene propylene (FEP), fluoroelastomers and others), Application (Automotive, Electrical & Electronics, Healthcare, Industrial Appliances, Chemical Processing, Construction and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Growth, Future Prospects and Competitive Analysis, 2021 - 2029,” the global fluoropolymers market is expected to grow at a CAGR of 7.9% over the forecast period from 2021 to 2029
Browse the full Fluoropolymers Market - Growth, Future Prospects and Competitive Analysis, 2021 – 2029 report at https://www.acutemarketreports.com/report/fluoropolymers-market
Market Insights
The excellent properties of fluoropolymers such as low friction, non-adhesiveness, non-stick nature, resistance to heat, chemicals, moisture & shock, chemical inertness, high dielectric quality and barrier properties is one of the key factor driving the overall growth. Furthermore, high melting point, wide service temperature range, weatherability, high crystallinity and excellent reflectivity to UV rays are some other major advantages of using fluoropolymers over traditional polymers. The property of chemical inertness is used in the production of vessels and pipe linings, semiconductor equipment, gasket packing, lithium-ion batteries and carrier materials. Fluoropolymers are also widely utilized in miniaturization of circuit boards, electrical insulation and manufacture of consumer electronics because of their superior dielectric property which is further expected to drive the global fluoropolymers market.
Currently, the global fluoropolymers market is witnessing bright opportunities owing to a rapid increase in demand for lightweight materials and coatings to be used in manufacturing automobiles and aircraft components. Also, several applications of fluoropolymers in electrical & electronics and lubrication is another major factor driving the growth of the global market. Additionally, increase in demand for efficient and cost-effective insulating materials coupled with rise in demand for fluoropolymer insulating electrodes drives the market growth. Fluoropolymers are anticipated to register significant growth in automotive application due to increase in usage of highly stable fluoropolymer coatings as well as rise in demand for lightweight vehicles.
Competitive Insights
The global fluoropolymers market is witnessing a significant growth owing to rising demand for more efficient and cheaper substitutes of heavy metals and conventional polymers. The key players in the global fluoropolymers market are investing more on research & development activities to introduce cheaper fluoropolymers as well as to increase their penetration in developing markets. Some of the major players operating in the global fluoropolymers market include Daikin Industries Ltd., The Chemours Company, Solvay SA, The 3M Company, Jiangsu Meilan, Dongue Group, Arkema SA, Shanghai Sanaifu, Asahi Glass Co. Ltd. and Gujrat Fluorochemicals Ltd. among others.
Key Trends
