Demand for Melt-proccessible Fluoropolymers such as PVDF to Drive Global Fluoropolymers Market to reach 402k MTs by 2022
Wednesday 22 Jun 2016
Industry Experts published the new comprehensive market research report on Fluoropolymers. The new report titled ’Global Fluoropolymers Market – Products, Technologies and Applications’, reveals that the chemical processing sector is estimated to be the largest consumer of fluoropolymers with 77k metrics tons in 2016 and projected to consume 106k metric tons by 2022 by growing at a CAGR of 5.6% during 2016-2022, while electrical & electronics is projected to be the fastest growing sector during the same period. PVDF is projected to be the fastest growing fluoropolymer overall owing to the demand from electrical & electronics sector where it is projected to grow by a CAGR of 9% and reaching 13k metrics tons by 2022.
Fluoropolymers’ exceptional properties, such as outstanding chemical resistance, weather stability, low surface energy, low coefficient of friction, and low dielectric constant, have attributed to their widespread usage in sectors such as chemical processing, electrical & electronics, automotive, building & construction and medical among others. Global fluoropolymers demand is attributed mainly to the robust growth in the developing regions and also continued economic recovery in the developed nations that drives industrial investment and growth in construction activities. PTFE is the largest fluoropolymer in terms of volume and value. However, melt-processable fluoropolymers such as PVDF, FEP, ETFE and ECTFE are forecast to record fastest growth during the analysis period, owing to the significant demand from emerging applications such as photovoltaic modules and architectural membranes among others.
The report reviews, analyses and projects the Fluoropolymers market for the period 2012-2022 globally and the regional markets including North America, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 12 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia and the United Kingdom; and Asia-Pacific – China, Japan, India and South Korea. Global volume consumption of Fluoropolymers, standing at 223.2 thousand metric tons in 2012, is forecast to be 281.6 thousand metric tons in 2016 and is projected to reach 402 thousand metric tons by 2022 at a CAGR of 6.1% between 2016 and 2022. Asia-Pacific is the largest volume market for Fluoropolymers globally, forecast to be 126.6 thousand metric tons (45% share) in 2016 and is also likely to post the fastest 2016-2022 CAGR of 7.4% and reach a projected 194.4 thousand metric tons by 2022.
Global Fluoropolymers Market
The report provides comprehensive data on fluoropolymers production capacities which includes production capacity by manufacturer, by fluoropolymer type, by country and by manufacturer’s production plant.
This 588 page global market report on Fluoropolymers includes 408 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 17 key global players and 39 major players across North America – 6; Europe – 7; and Asia-Pacific – 26. The research also provides the listing of the companies engaged in manufacturing and processing of Fluoropolymers. The global list of companies covers the address, contact numbers and the website addresses of 211 companies including subsidiaries.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit https://industry-experts.com/verticals/chemicals-and-materials/global-fluoropolymers-market-products-technologies-and-applications
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