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CHEMICALS AND ADVANCED MATERIALS

Fluoroplastics Market Segmentation by Type (Poly-Tetra-Fluoro-Ethylene (PTFE), Fluor-Ethylene-Propylene (FEP), Per-Fluor-Alkoxy (PFA), Ethylene-Tetra-Fluoro-Ethylene (ETFE), Poly Vinylidene Fluoride (PVDF), and Others); by Form (Granular, and Fine Powder); by End-Use Industry (Chemical Processing, Oil & Gas, Power Generation, Food Processing, Transportation, Industrial Machinery, Electrical & Electronics, Automotive, Medical Devices, and Others) – Global Demand Analysis and Opportunity Outlook

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

May 2019: Dongyue Polymers announced to expand the PTFE capacities of concentrated emulsion and dispersion resin. The company will be investing a total of USD 10.9 million in building a device for PTFE production till June 2021.

Fluoroplastics Market Highlights 2020-2029

The fluoroplastics market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The market is set to grow due to the growing demand from the end-use industries and increase in number of new applications of fluoroplastics. Furthermore, fluoroplastics are uncommon and unusual plastics with unique properties such as chemical and temperature resistance. The consumption of these materials is increasing owing to the rising demand from chemical, automotive, electrical & electronics, and other industries.

Fluoroplastics Market

The market is segmented by type into poly-tetra-fluoro-ethylene (PTFE), fluor-ethylene-propylene (FEP), per-fluor-alkoxy (PFA), ethylene-tetra-fluoro-ethylene (ETFE), polyvinylidene fluoride (PVDF) and others, out of which the poly-tetra-fluoro-ethylene (PTFE) segment is anticipated to grab the most significant share by the end of 2029 on account of its superior properties such as high electrical insulation, good chemical & thermal resistance, and a low coefficient of friction. Moreover, the lesser cost and increasing usage of PTFE in automotive and electrical components are projected to contribute to the segment's growth during the forecast period.

Based on the end-use industry, the global fluoroplastics market's industrial machinery segment is projected to grow with a modest CAGR. The segment's growth can be witnessed due to the use of fluoroplastics for coatings, liners, films, components, and others. The other industries, which will lead to the market's growth are electrical & electronics, and automotive due to the increasing demand for lightweight materials. The increase in the sales of electric vehicles globally leads to the rise in demand for fluoroplastics as a raw material. According to the International Energy Agency (IEA), electric vehicles' sales accounted for 2.1 million in 2019, with a growth of 2.6% from the year 2018. CLICK TO DOWNLOAD SAMPLE REPORT

Fluoroplastics Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period due to more prominent manufacturers in the region. China, Japan, India, and South Korea are the hub for automotive production, creating steady demand for fluoroplastics.

Fluoroplastics Market

The global fluoroplastics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global fluoroplastics market includes the following segments:

By Type

  • Poly-Tetra-Fluoro-Ethylene (PTFE)
  • Fluor-Ethylene-Propylene (FEP)
  • Per-Fluor-Alkoxy (PFA)
  • Ethylene-Tetra-Fluoro-Ethylene (ETFE)
  • Poly Vinylidene Fluoride (PVDF)
  • Others

By Form

  • Granular
  • Fine Powder

By End-Use Industry

  • Electrical & Electronics
  • Automotive
  • Chemical Processing
  • Oil & Gas
  • Power Generation
  • Food Processing
  • Transportation
  • Industrial Machinery
  • Medical Devices
  • Others

Growth Drivers

  • Growing advancements in the end-use industries
  • Increasing production capabilities

Challenges

  • Environmental hazards of the material

Top Featured Companies Dominating the Market

  • AGC Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Arkema S.A.
  • Solvay S.A.
  • The Chemours Company
  • Daikin Industries, Ltd.
  • 3M
  • Dongyue Group Co., Ltd.
  • GFL Limited
  • DuPont
  • Mitsubishi Chemical Advanced Materials

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