Fluoropolymers Market to Expand With 6.8% CAGR Through 2024

SELBYVILLE, Del., November 28, 2019 (Newswire.com) - ​As per the latest study titled ‘Global Fluoropolymers Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ available with Market Study Report LLC, the global fluoropolymers market is anticipated to grow with a CAGR of 6.9% during the period of 2017-2026.

The organic compound called fluoropolymers is a significant raw material and is used for the production of numerous products like fibers, organic chemicals, and plastics. Being a petrochemical derivative, fluoropolymers are majorly derived from ethane and naphtha. The ability of the product to offer chemical inertness and high temperature resistance is augmenting its across various applications, thereby propelling the growth of fluoropolymers market.

According to the report, the global fluoropolymers market witnessed a consumption of 363720 MT in 2015 and displayed an expansion with 8.17% CAGR from 2011 to 2015. The study delivers information about the revenue and consumption shares for each segment. It analyzes the competitive landscape of the industry and offers insight about the market dynamics.

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Likewise, fluoropolymers market was worth US $7550 million in 2019 and is presumed to expand with a CAGR of 6.9% through 2024, reaching the market value of US $11300 million. This constant growth can be attributed to the increasing demand for portable commercial biomedical applications across the emerging nations.

Based on type, fluoropolymers industry is categorized as PTFE, fluoroelastomers like FFKM, FKM and FSR; PVDF, and others. The report cites that PTFE segment held 53.03% market share in 2015, owing to its constant quality and low price.

Speaking of application spectrum, fluoropolymers market from automotive & transportation application held 35.97% share in 2015. Other application segments include chemical processing, electrical & electronics, industrial equipment, and others.

Considering the geographical landscape, the global fluoropolymers market is analyzed for regions including North America, Asia Pacific, Middle East & Africa, South America, and Europe. China accounted for 37.45% production share of global fluoropolymers market in 2015, claims the report.

Main contenders operating in fluoropolymers market profiled in the report are Daikin, Arkema, DuPont, Solvay, 3M, AGC, HaloPolymer, Shin-Etsu, Wacker, Dow Corning, and Shandong Huafu among others.

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Question & Answer: Fluoropolymers Market

Question 1: What growth pattern will fluoropolymers market display in the forthcoming years?

Answer: The global fluoropolymers market was worth US $7550 million in 2019 and is presumed to expand with a CAGR of 6.9% through 2024, reaching the market value of US $11300 million. This constant growth can be attributed to the increasing demand for portable commercial biomedical applications across the emerging nations.

Question 2: Why was fluoropolymers market from PTFE segment gained largest share in 2015?

Answer: The fluoropolymers market from PTFE segment held 53.03% share in 2015, owing to its constant quality and low price.

Question 3: Which application segment dominated the fluoropolymers market in 2015?

Answer: Speaking of application spectrum, fluoropolymers market from automotive & transportation application held 35.97% share in 2015.

Question 4: How is the competitive landscape of fluoropolymers market defined?

Answer: Main contenders operating in fluoropolymers market profiled in the report are Daikin, Arkema, DuPont, Solvay, 3M, AGC, HaloPolymer, Shin-Etsu, Wacker, Dow Corning, and Shandong Huafu among others.

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Positive application outlook in adhesives, paints & coatings and paper & paper board coatings industry may stimulate market emulsion polymer market growth. Polymer emulsions have low VoCs compared to solvent-borne polymers and results in strong application in end-use industries such as automobile, construction and consumer durables.

Supporting regulatory guidelines by REACH & EPA regarding usage of environment friendly products along with increasing awareness regarding the concept of green buildings will promote product demand. Better shelf life & recyclability, superior standards and easy handling & usage over its counterparts, may stimulate emulsion polymers market size.

Vinyl acetate emulsion polymer market size may should surpass 2.8 million tons at the end of projected timeframe. It is widely used in adhesives owing to its characteristics which includes film forming and binding. Vinyl acetate is used in textiles, on-site construction, paperboard packing and book binding, thereby enhancing product demand.

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