Arkema Group, E.I. Dupont DE Nemours & Company, DAIKIN INDUSTRIES, Ltd, KUREHA CORPORATION, 3M, The Chemours Company. Chemours™, MAFLONS.P.A, Solvay SA, HaloPolymer, OJSC, Shanghai 3F New Materials among others are some of the leading market players at the forefront of competition in the Global Fluoropolymers Market and are profiled in MRFR Analysis.
Fluoropolymers Market – Overview
Fluoropolymers find usage in various end use industries such as electronics, aerospace, household, construction, pharmaceutical, automotive, others. The market is anticipated to witness significant growth on account of their superior properties such as weather durability, heat resistance among others coupled with excellent usage in numerous end use industries specifically in electrical & electronics, aerospace, automotive, and others. Based on type segment, PTFE is predicted to register strong growth followed by PVDF due to their excellent properties combined with rising use in end use industries across the globe. Among the end use industries segment, automotive is projected to register strong growth owing to increasing per capita disposable income along with rising production and sales of automobiles. In addition, growing construction sector in developing countries along with burgeoning need for high quality fluoropolymers is predicted to propel the growth of the market over the assessment period.
Geographically, Asia Pacific accounted for the largest market share for Fluoropolymers in 2016, followed by North America which is further trailed by Europe. In North America the Fluoropolymers Market is estimated to above average growth over the forecast period on account of substantial growth of pharmaceutical sector in this region. Asia Pacific is projected to witness tremendous growth over the estimated period in Fluoropolymers Market over the estimated period, 2017 to 2023. In Asia Pacific, the demand for fluoropolymers is estimated to raise in numerous countries such as Taiwan, India, China, Japan, Indonesia, South Korea, and the Philippines due to growing population coupled with shifting of production facilities for most of the matured market players in this region. In Europe, fluoropolymers market is predicted to register moderate growth owing to shifting consumer preference towards the fluoropolymers based products along with high adoption rate in aerospace, automotive, and electronics specifically in UK, Italy, France, Belgium, Germany, Poland, Spain, and Russia. Moreover, numerous countries of Latin America and the Middle East & Africa are predicted to witness steady growth in fluoropolymers due to increasing disposable income coupled with sales of fluoropolymers based product specifically in Argentina, Brazil, Mexico, Chile, Guatemala, Peru, and Venezuela combined with expanding transportation manufacturing hubs and building & construction sector specifically in Oman, Israel, UAE, Kuwait, Saudi Arabia, Qatar, and Turkey.
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Industry/ Innovation/ Related News:
September 2017– Arkema industries announced to increase the production capacity of their kynar PVDF fluoropolymer at their Calvert City plant in U.S. The capacity is expected to increase by 20% and the investment is estimated to start in the mid of 2018. This capacity expansion will help company to expand their footprint in America.
August 2017- Daikin, a leading manufacturer of fluoropolymers, announced to acquire Heroflon S.p.A., an Italian manufacturer of fluoropolymer compounds. Heroflon produces high performance fluoropolymer and other compounds based on PTFE. This acquisition will help company to increase their global sales of fluoropolymer and increase their global footprint across the globe.
March 2016- Biesterfeld, a leading distributor announced to signed an agreement with Laurel Products to distribute fluoropolymer additives for most of the European market. The European market includes various countries such as the Netherlands, Spain, France, Belgium, Italy, Portugal, Poland, Turkey, Slovakia, the Czech Republic, and Hungary. This distribution agreement will help company to strengthen their position across the Europe.
December 2016- Masterflex SE announced to acquire all the shares of APT Advanced Polymer Tubing GmbH. This acquisition will help company to strengthen their market in Germany and other European country.
October 2015- Quadrant EPP established an agreement with AGRU Kunststofftechnik GmbH to sell their fluoropolymer manufacturing assets. This acquisition by AGRU will help company to strengthen their global leading position in the fluoropolymer products.
August 2017- Asahi Intecc announced to acquire Kanagawa based fluoropolymer coatings firm for around USD 1.89 Million. This acquisition will help company to strengthen their position among the fluoropolymers supplier across the globe.
The Fluoropolymers Report has analysed the level of competition among the key operating players in fluoropolymers market as well as sector growth and market scenario. The global fluoropolymers market comprises of broad range of suppliers operating in the market which includes large scale and medium scale manufacturers. The key operating players of Fluoropolymers and medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from China, India, the Philippines, Taiwan, Malaysia, Australia, Japan, and Thailand. Moreover, the major manufacturers of fluoropolymers are observed to follow numerous strategic plans to improve their product portfolio such as distribution agreements, strategic acquisition, joint ventures, product launches, and mergers, and exclusive agreements. Main operating players in this market are projected to enhance their production capacity of fluoropolymers to meet the increasing demand for Fluoropolymers Worldwide.
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