According to the recent study the fluoropolymer market is projected to reach an estimated $7.8 billion by 2028 from $6.2 billion in 2022, at a CAGR of 3.9% from 2022 to 2028. Growth in this market is primarily driven by increasing demand for high performance polymers in industrial processing, transportation, and electrical and electronics, because of its superior properties such as non-adhesiveness, low friction, non-stick, high dielectric, and chemical resistance properties.
Browse 135 figures / charts and 107 tables in this 161 -page report to understand trends, opportunities and forecast in fluoropolymer market by end use (industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others), product type (PTFE, FEP, PVDF, PVF, fluoroelastomer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Industrial processing market is expected to remain the largest segment during the forecast period.”
Based on end use, the fluoropolymer market is segmented into industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others. Lucintel forecasts that the industrial processing market is expected to remain the largest segment due to increasing demand for fluoropolymer based plastic products in chemical processing equipment.
“Within the fluoropolymer market, the PTFE (Polytetrafluoroethylene) segment is expected to remain the largest product type”
Based on product type the PTFE (Polytetrafluoroethylene) segment is expected to witness the highest growth over the forecast period due to because it absorbs ultraviolet electromagnetic radiation and has excellent dialectic and chemical resistance properties. It can also be used both at very high (up to 530 K) and extremely low temperatures.
“Asia pacific will dominate the fluoropolymer market in near future”
APAC is expected to remain the largest region by value and volume due to growth in end use industries.
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Major players of fluoropolymer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Daikin, Gujarat Fluorochemicals Limited, 3M, Chemours, Hindustan Fluorocarbons Limited, Asahi Glass Corporation, Kureha Corporation, Halopolymer OJSC, SOLVAY Solexis S.P.A, and Dongyue Feder are among the major fluoropolymer providers.
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