NEWARK, Del, April 06, 2023 (GLOBE NEWSWIRE) -- The global fluoropolymer market is expected to witness a CAGR of 5.3% between 2021 and 2031. Properties of fluoropolymers like exceptional resistance against abrasion, corrosion, chemicals, and extreme temperature are playing a vital role in increasing the shelf life of photovoltaics, fuel cells, and batteries. Research states that the year 2040 will witness increase in energy consumption by more than 50%. Renewable energy is being asked for – inclusive of wind power, sunlight for producing NEV (new energy vehicles). As a consequence, there is a boom in technological advancements for power saving, power storage, power transmission, and likewise. As such, demand for Lithium-ion batteries is growing.
Along the above-mentioned lines, Daikin has come up with innovative solutions for improving Li-ion batteries’ life cycle. The organization makes use of fluoro-based additives as well as solvents; thereby increasing energy densities of Li-ion batteries, power safety, and voltage range. Modified PVDF is used, which does provide superlative flexibility, thereby allowing higher power and higher electrode densities as compared to standard PVDF binder resin.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find More Insights in a Sample Report!
At the same time, PFAS (Per and Polyfluoroalkyl substances) do pose risk to environment. This factor is expected to restrain the fluoropolymer market going forward.
Future Market Insights has etched these findings with future perspectives in its latest market study entitled ‘Fluoropolymer Market’. It has its team of analysts and consultants to execute using a 360-degree view in its primary, secondary, and tertiary modes of research.
“With realization that fluoropolymer averts corrosion of fluid-handling components, pipes, vessels, cables, vents, and filters, the global fluoropolymer market is likely to grow on a healthy note in the near future”, says n analyst from Future Market Insights.
Key Takeaways from Fluoropolymer Market
- North America holds a significant market share due to designers as well as manufacturers innovating with respect to electronic devices. The high-performance polymers do facilitate developing quicker, smaller, and all the more durable semiconductors, microprocessors, and transistors. The aviation vertical is also contributing to the growth. This is evident from the fact that the International Trade Administration states that aerospace industry contributes for over US$ 150 Billion in the export sales herein.
- Europe is expected to grow at a sizable rate in the fluoropolymer market owing to rising demand from automotive vertical. European Commission is extending support to technological harmonization globally and also making funds available for automotive development and research. The European Automobile Manufacturers’ Association (ACEA) states that with increasing investments over here.
- The Asia-Pacific is expected to grow at the fastest rate in the fluoropolymer market due to growing demand for fluoropolymer from construction, pharmaceutical, and electrical verticals. PVDF (Polyvinyl Fluoride) and FEP (Fluorinated Ethylene Propylene) are in greater demand with respect to verticals like semiconductors, coatings, wire & cable insulation and the pharmaceutical sector.
- LATAM is expected to pick up pace in the forecast period with growing applications in construction coating.
To Gain More Insights about this Research, Visit: https://www.futuremarketinsights.com/reports/fluoropolymers-market
Competitive Analysis
- Dongyue Polymer, in the year 2019, did announce plans to launch a 20,000t fluoropolymer project at Huantai County (Zibo City).
- Solvay, in November 2019, did launch Solef PVDF AM filament for AM (additive manufacturing). It targets FFF (fused filament fabrication) processes and has been made available at the global scale via e-Commerce platform of Solvay for AM materials.
- Guarniflon spA, in July 2020, made an entry into high-tech fluoropolymer films market (China) through a novel joint venture with Juhua Group Co. for increasing production in Zhejiang provinces of Zhoushan, Quzhou, Jiangsu, Ningbo, and Zhuji.
- Arkema, in June 2021, did announce launching a novel sustainable Kynar CTO polyvinylidene fluoride grade. The grades claim renewable attributed carbon derived from the crude tall oil bio-feedstock in its entirety.
Some of the leading companies operating in the market are:
Mitsubishi Chemical Advanced Materials, AGC Chemicals Americas, Inc., The Chemour Company, Honeywell International Inc., Huntsman Corporation, Daikin Industries Limited, Dongyue Group Ltd., Kureha Corporation, Poly Fluoro Ltd., Amco Polymers, Solvay SA, and Saint-Gobain Performance Plastics.
Interested to Procure The Data? Inquire here: https://www.futuremarketinsights.com/ask-question/rep-gb-453
Fluoropolymer Market by category
By Product Type:
- PolytetraFluoroethylene (PTFE)
- Polyvinylidene fluoride (PVDF)
- Polyvinyl Fluoride (PVF)
- Fluorinated Ethylene Propylene (FEP)
- Polychlorotrifluoroethylene (PCTFE)
- Perfluoroalkoxy Polymer (PFA)
- Others
By End Use:
- Automotive
- Industrial Processing & Application
- Healthcare
- Electrical & Electronics
- Construction
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
What does the Report Cover?
- The research study is based on product type (PTFE (polytetrafluoroethylene), PVDF (polyvinylidene fluoride), PVF (polyvinyl fluoride), FEP (fluorinated ethylene propylene), PCTFE (polychlorotrifluoroethylene), PFA (perfluoroalkoxy polymer), and likewise), and by end-use (automotive, industrial processing & application, healthcare, electrical & electronics, construction, and likewise).
- With fluoropolymer increasingly being used in numerous end-use verticals like industrial processing & appliances, automotive, electrical & electronics, healthcare, building & construction, and likewise, the global fluoropolymer market is expected to grow voraciously in the near future.
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Type Innovation/Development Trends
4. Key Success Factors
4.1. Product Type Adoption/Usage Analysis
4.2. Strategic Promotional Strategies (TOC Continue...)
Have a Look at Trending Reports of Chemicals & Materials Domain
Acetone Market: High purity grade acetone is projected to gain traction in upcoming future on the back of its increasing consumption in pharmaceuticals and cosmetics & personal care applications.
Renewable Methanol Market: Increasing sales of daily items, including plastics, paints, cosmetics, and fuels, will fuel the demand for liquid chemical methanol (CH3OH).
Polyunsaturated Fatty Acids Market: Overall demand for polyunsaturated fatty acids is slated to grow at 5.4 % CAGR between 2022 and 2032, totalling a valuation of US$ 9717.8 Mn by 2032.
Biogas Market: Demand for biogas as a vehicle fuel is expected to surge in the forthcoming years, and expansion of the automotive sector will continue providing impetus to market growth through 2031.
Fine Hydrate Market: The fine hydrate market is expected to be driven by increasing adoption in the production of polyester resins, thermoplastics, and engineered plastic.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
Tel: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube
