Fluoropolymer Market – Global Industry Analysis, Market Size Estimation and Growth Forecast By Types (PTFE, PCTFE, ETFE, PVF, FEP, Fluoroelastomers), By Applications (Film & Coating, Chemical Processing, Insulation, Components Manufacturing, Packaging & Sealing), By Regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), 2017 – 2025

Fluoropolymer Market - Introduction

The global fluoropolymer market is expected to grow significantly during the forecast period 2017 to 2025. Fluoropolymer market is segmented in terms of types, application, and geography. Fluoropolymers have applications in wire insulation, coating, semiconductor equipment manufacturing, manufacturing protective fabrics etc. Fluorinated Ethylene Propylene (FEP) and Polyvinylidene Fluoride (PVDF) are some of the important types of fluoropolymers having wide scale industry level applications. Rising demand for mold release fluoropolymer films in autoclave curing of high-performance carbon fiber composite materials is one of the prime growth drivers for the market. Rising application of carbon fiber composites in manufacturing aircraft body parts has acted as a push factor for the growth of the fluoropolymer market.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By type, application, region
Regional Scope North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Development of fluoropolymer market started during 1930’s with the invention of polytetrafluoroethylene (PTFE). Fluoropolymer contains both crystalline and semi-crystalline structure. Fluoropolymer is generally olefinic polymer composed of partially or fully fluorinated olefinic monomers such as tetrafluoroethylene and vinylidene fluoride. Apart from the general fluoropolymer, specialty fluorinated polymers such as fluorosilicones, fluoroethers, and fluoroacrylates are also considered as a non-traditional fluoropolymer. However, industry level applications of specialty fluorinated polymers are far less than olefinic fluoropolymers. Commercial fluoropolymers cover both homopolymers and copolymers. Furthermore, homopolymers have greater volumetric concentration as compared to copolymer. The monomer for olefinic fluoropolymers.is synthesized through pyrolysis or bromination of target material.

 

Market Dynamics

As of 2016, applications of fluoropolymer cover flame resistant insulation, coating, packaging, sealing, manufacturing protective fabrics, cable insulation, chemical resistant components manufacturing etc. In last 20 years, product innovation flow related to fluoropolymer market has remained stagnant. Fluoropolymer material offer benefits such as versatility, great strength, durability, and heat resistance. Due to such properties, application of fluoropolymer is increasing in the field of construction of building parts, manufacturing aircraft or automotive body parts, nonstick coatings etc.

Rising demand for performance and safety applications of fluoropolymer, consumption of fluoropolymer products in countries from Asia Pacific, Emerging fuel cell applications of fluoropolymer are the long-term growth driver for the market.

Rising demand for performance and safety applications of fluoropolymer is driving the growth of the market. Rising consumption of fluoropolymer products in countries from Asia-Pacific is identified as a long-term growth driver for the market. Emerging fuel cell applications of fluoropolymer have acted as boosting factor for the growth of the market in developed countries. Fluoropolymer films are used to protect solar modules and provide long-term protection for these cells.

Growth in the deployment of solar cells across different industrial and residential applications is acting as a push factor for fluoropolymer market. There are evidences that excessive use of fluoropolymer can lead to environmental pollution and create hazards for the biological system on the earth. Trifluoroacetic acid (TFA) and perfluorooctanoic acid (PFOA) are some examples of fluorinated compounds that may cause environmental hazards. Environmental restrictions regarding applications have negatively affected the growth of fluoropolymer market. In coming years, environmentally sustainable and high-performance fluoropolymer are expected to emerge as the growth opportunity for the market during the forecast period 2017 to 2025.

 

Market Trends

In recent years, demand for fluoropolymer products in developed countries has dampened owing to strict environment regulations and the rise of cheaper alternatives. Soft demand for

The Revenue generated in the Asia Pacific region of this market is mainly caused by growth in volume demand and rising demand for high priced resins.

certain fluoropolymers are caused by stiff competition from other resins, maturity of application market and lack of product innovation. Strong demand growth of fluoropolymers in manufacturing photovoltaic modules and advanced batteries is identified as a medium-term growth driver for the market. Growth in construction and renewable energy sector is acting as a booster for the growth of fluoropolymer market. From the consumption perspective, Asia Pacific dominated the market due to the presence of large consumer base and growing adaptation of fluoropolymer products in different industrial applications. Revenue gain of Asia Pacific fluoropolymer market mainly caused by growth in volume demand and rising demand for high priced resins. In terms of market structure, the consolidated market for fluoropolymer is resulted due to the presence of small numbers of large players.

 

Segmentation Overview

By types, the fluoropolymer market has been segmented as polytetrafluoroethylene (PTFE), polychlorotrifluoroethylene (PCTFE), ethylene tetrafluoroethylene(ETFE), polyvinyl fluoride (PVF), fluorinated ethylene propylene (FEP), fluoroelastomers and others. By application, the market has been segmented into film & coating, chemical processing, insulation, components manufacturing, packaging &sealing and others. In 2016, components manufacturing held the largest market share owing to its wide application in industrial sectors.

By geography, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. In terms of volume, Asia-Pacific held the largest share of the fluoropolymer market. The growth of Asia-Pacific fluoropolymer market is driven by the large presence of producers, rising demand of fluoropolymer in construction as well as renewable energy sector and expansion of application market. In terms of volume, North America is expected to become the second largest market for fluoropolymer by end of 2025.

Market Segmentation Overview
By Term Segments
By Type Polytetrafluoroethylene (PTFE), polychlorotrifluoroethylene (PCTFE), ethylene tetrafluoroethylene (ETFE), polyvinyl fluoride (PVF), fluorinated ethylene propylene (FEP), fluoroelastomers and others
By Application Film & coating, chemical processing, insulation, components manufacturing, packaging & sealing and others
By Region North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the fluoropolymer market are Chemours (the U.S.), 3M (the U.S.), Arkema SA (France), Asahi Glass Co. Ltd. (Japan), Gujarat Fluorochemicals Ltd. (India), Kureha Corporation (Japan) and Dongyue Group Ltd (China). In Europe and North America, the concentration of fluoropolymer producer is significantly high whereas, in Asia Pacific, the market is dominated by fluoropolymer manufacturers located in Japan, China and India. Leading players such as 3M and others focus on expanding business portfolio through merger and acquisition (M&A) activities. As compared to Asia, Europe, and North America, the concentration of fluoropolymer producer is low in countries from the Middle East and Africa (MEA).

 

Conclusion

Considering the application market expansion, growth in demand for solar modules and rise in demand for high performance polymers, it has been estimated that the market for fluoropolymer is about to accelerate in coming years. Due to the conjoint impact of push factors, fluoropolymer market is estimated to experience significant growth during the forecast period.

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KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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