Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Fluoropolymers Market.
The global fluoropolymers market, during the forecast period 2015-2023, will register growth at a CAGR of 6.50%. The market for fluoropolymers is set to reach US$11,823.1 million by 2027. As per fluoropolymers market analysts, the global market is anticipated to witness growth owing to the factors such as ongoing R&D for product development as well as various end-use and high-tech applications. However, the global market will face challenges and restraints due to stringent regulations by governments and trend towards the alternative use of fluoropolymers during the forecast period 2015-2023.
The escalating demand from automotive and building & construction industries in the fluoropolymers market is set to play a key role in determining the growth potential during 2015-2023years. Analysts have also studied the report market to understand potential threats and challenges the fluoropolymers market companies could face. Although the market report is poised to grow at a fast pace across application, end-use industry, region, and type segments, factors such as the availability of alternatives could slow down the report market's growth worldwide.
The fluoropolymers market has been segmented into application, end-use industry, region, and type. Based on the segment which is application, the market is categorized on the basis of additives, coatings, films and sheets, tubes, and others. The global market for fluoropolymers is further segmented based on the end-use industry into automotive, building and construction, chemical processing, electrical and electronics, household, industrial equipment, medical, and others. Furthermore, the market, on the basis of type is segmented into Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene-Propylene (FEP), Fluoroelastomers (FKM), Polychlorotrifluoroethylene (PCTFE), Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), and others.
The global market research report covers all the aspects of the fluoropolymers market based on the segmental analysis of these application, end-use industry, region, and type segments. Analysts have also studied the global fluoropolymers market's regional markets spread across many continents and countries. The application, end-use industry, region, and type segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from fluoropolymers market based decision makers as well as primary and secondary sources. The research report presents analysis based information for companies functioning in the market.
Consumers looking for alternative product solutions may hinder the fluoropolymers market growth. The market research report suggests that companies in the market could be supported by the increasing shift towards green fluoropolymers as well as manufacturers extending their product portfolios during the forecast period. The fluoropolymers market is set to register growth at a high CAGR owing to these key factors. The market report is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional fluoropolymers markets will dominate the global market for fluoropolymers during the forecast period 2015-2023. As per market analysts, the market is set to witness tremendous growth across coatings and chemical processing segments in North America which covers research markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the fluoropolymers market research report.
Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the fluoropolymers market research report covers the Asia-Pacific region covering fluoropolymers markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Fluoropolymers have seen increased demand over the years, due to bio-based fluoropolymers to end-users and increased demand for architectural coating. Companies functioning in the global market are also being challenged due to strict rules and regulations and unfavorable policies. Mergers and acquisitions by fluoropolymers market companies are anticipated to help the market during the forecast period 2015-2023. As the fluoropolymers market is set to register a high CAGR of 6.50% and is also anticipated to reach a US$11,823.1 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and fluoropolymers market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by fluoropolymers market companies are anticipated to help the market during the forecast period 2015-2023.
The Italian maker of fluoropolymer composites, Heroflon S.p.A. was recently acquired by Daikin Industries, Ltd. After completing the relevant proceedings, Daikin will acquire all company shares held by Heroflon Executive Officers at the end of October 2017. Heroflon is a producer of compounds that manufactures fluoropolymers that combine different materials with high efficiency. Its product line consists of fluoropolymer compounds and polytetrafluoroethylene-centric micropowder. PTFE is a fluoropolymer that is highly operational in various sectors including the automobile, building, electrical and chemical industries.