Fluoropolymer Market Share 2021 Comprehensive Insights, Growth Factors Analysis, Industry Demand, Global Size, Emerging Trends, Import-Export Scenario, Competitive Landscape, Innovations and Business Outlook till 2027

(Heraldkeepers via Comtex)

Report Ocean publicize new report on the Fluoropolymer market. The Fluoropolymer market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the Fluoropolymer market growth. Additionally, the database analyzes and estimates the Fluoropolymer market both globally and regionally.

The Global Fluoropolymer market is anticipated to reach the value of USD 9,912.5 million by the year 2023. The global market is growing rapidly at a CAGR 6.45% during the valuation period (2017-2023).

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Global Fluoropolymers Market: Type (PTFE, PVDF, FKM, FEP, ETFE, PCTFE), Application (Paints & Coating, Films, Additives, Tubing, Additives, Others) End Use (Chemical Processing, Construction, Automobile & Transportation, Household) – Forecast Till 2023

Market Scenario
The Fluoropolymer is a kind of chemical compound which is made of the carbon fluoride bonds. It provides one with different properties including stress cracking, mechanical and electrical insulation properties, chemical resistance, thermal resistance, and others. Because of these properties, the fluoropolymers are highly used in various applications, right from coatings to the industrial films. Furthermore, it is also utilized in various household applications, electrical & electronics, construction sectors, and others.

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There is an increasing demand for the high-quality performance material in the constructional and architectural coatings which is contributing to the growth of the global Fluoropolymer market. Also, there is a growing requirement for the best quality lightweight materials; especially in the automobile industry which is positively adding to the global fluoropolymers market and its growth.

Due to its heat resistance properties, the fluoropolymers are found to be suitable for the utilization in the aerospace and semiconductor industry. Furthermore, the increasing consciousness regarding the environmental impacts has made the consumers shift their preference towards the usage of green fluoropolymers, which is projected to boost the market growth. Thus, the growing applications of the fluoropolymers in the different industries are driving the growth of the market during the forecast period.

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Market Segmentation
The global fluoropolymers market is bifurcated on the basis of type, end use, application, and geography. Based on its type, the market is divided into polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), fluoroelastomers (FKM), ethylene tetrafluoroethylene (ETFE), fluorinated ethylene-propylene (FEP), polychlorotrifluoroethylene (PCTFE), and others.

On the basis of its application, the market has been segmented into films, paints & coatings, additives, tubing, and others. The market’s end-user industries include chemical processing, electrical & electronics, automotive & transportation, construction, medical, industrial equipment, household, and others. Lastly, based on its geographical demand, the global market has been covered across regions like North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

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Key Players
The list of major industry players in the global fluoropolymers market are Solvay SA(Belgium), DowDupont, Inc (U.S.), Asahi Glass Co, Ltd (Japan), Zeus Industrial Products, Inc. (the U.S), Daikin Industries, Ltd (Japan), 3M (U.S.), Honeywell International Inc. (U.S.), Saint-Gobain S.A. (France), and Gujarat Fluorochemicals Ltd (India) among others.

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Key Findings
> Global hydrocarbon solvents market is projected to reach USD 6,181.2 million by 2023 at a CAGR of 2.85%.
> Asia-Pacific was the largest market and was valued at USD 2,305.6 million in 2017, expanding at the highest CAGR of 3.20%.
> As per the analysis, China was the leading market and was valued at USD 1,247.5 million in 2017 and is projected to grow at a robust CAGR of 3.40% during the assessment period.
> Based on type, the aliphatic segment dominated the global hydrocarbon solvents market with a robust CAGR of 3.02%
> By application, the paints & coatings segment dominated the global market in 2017, with significant market share and grew at a healthy CAGR of 3.05%.
> Asia-Pacific is to be the highly focused market for key industry participants over the coming years. Favorable government policies, technological advancements, and increasing industrial investment have increased the importance of hydrocarbon solvents in this region among the industry players.

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Intended Audience
> Hydrocarbon solvents manufacturers
> Raw material suppliers
> Traders and distributors of hydrocarbon solvents
> Potential investors
> Government bodies
> End-use industries
> Research organizations

DC -Description
> naphtha
> industrial solvent
> aromatic solvent
> thinners in paints and coating
> solvent in rubber manufacturing
> cleaning agent
> adhesives and aerosols

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Source - HeraldKeeper
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