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CHEMICALS AND ADVANCED MATERIALS

Performance Fluorine Chemicals & Polymers Market Segmentation by Type (Organic, and Inorganic); by Form (Granules, Powder, and Others); by Application (Medical, Industrial, Transportation, Electronics, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Performance Fluorine Chemicals & Polymers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·    May 10, 2021: Solvay announced the agreement with NextEra Energy Marketing, LLC to purchase EarthEra Renewable Energy Certificates (RECs).

Global Performance Fluorine Chemicals & Polymers Market Highlights over 2022-2030

The global performance fluorine chemicals & polymers market is estimated to garner a significant revenue by growing at a CAGR of ~4% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the various useful properties of fluorine chemicals and preservatives, including, high resistance to heat, lowest dielectric constant and extremely high friction coefficient. Moreover, increasing application of these polymers and chemicals in various end-user industries, such as, medical, transportation, and others, is estimated to boost the market growth. These polymers are used in making cables, wire insulations, and insulators in vehicles to reduce emissions, among other applications. Rising use of fluorine chemicals and polymers in making wire insulations for smart phones, computers, and other electric appliances, is anticipated to further boost the market growth.

Performance Fluorine Chemicals & Polymers Market

The global performance fluorine chemicals & polymers market is segmented by application into medical, industrial, transportation, electronics, and others, out of which, the electronics segment is anticipated to hold the largest share in the market during the forecast period on account of increasing manufacturing and sales of smartphones, laptops, and other electronic devices which use fluorine chemicals and polymers. More than 1.4 billion smartphones were sold in 2020, which is estimated to cross 1.5 billion smartphones by the end of 2021. This is expected to positively influence the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Manufacturing

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Performance Fluorine Chemicals & Polymers Market Regional Synopsis

Regionally, the global performance fluorine chemicals & polymers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to garner largest share over the forecast period on the back of increasing manufacturing of hybrid vehicles, in countries, such as, the U.S. Around 85,000 plug-in hybrid electric vehicles (PHEVs) were sold in the United States in 2019. Moreover, increasing demand for consumer electronics is estimated to boost the market growth in the region. The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the growing consumer electronic manufacturing industry. Japan is the largest producer of smartphones, as the smartphone industry has crossed 100 million units in the country. Additionally, growing chemical industry in the region, backed by easy availability of raw materials is expected to boost the market growth.

Performance Fluorine Chemicals & Polymers Market

The global performance fluorine chemicals & polymers 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 performance fluorine chemicals & polymers market includes the following segments:

By Type

  • Organic
  • Inorganic

By Form

  • Granules
  • Powder
  • Others

By Application

  • Medical
  • Industrial
  • Transportation
  • Electronics
  • Others

Growth Drivers

  • High Resistance to Chemical and Temperature
  • Increasing Applications of Fluorine Chemicals and Polymers

Challenges

  • Price Competition with Local Manufacturers

Top Featured Companies Dominating the Market

  • 3M
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Hubei Everflon Polymer CO., Ltd.
  • HaloPolymer Kirovo-Chepetsk, LLC
  • Gujarat Fluorochemicals Limited
  • Dongyue Group
  • AGC Group
  • Solvay
  • Daikin Industries, Ltd.
  • The Chemours Company LLC
  • Mallard Creek Polymers

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