Lucintel’s latest market report analyzed that fluoropolymer provides attractive opportunities in the industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others industries. The fluoropolymer market is expected to reach $8.4 billion by 2026 with a CAGR of 4.7%. In this market, PTFE (polytetrafluoroethylene) is the largest segment by product type, whereas industrial processing is largest by end use industry. Megatrends of mobility, neoecology, connectivity, and digitalization in automotive industry and new developments in the field of electrical engineering/electronics and telecommunications provides strategic growth path in this market.
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Based on product type, the fluoropolymer market is segmented into PTFE, FEP, PVDF, PVF, fluoroelastomer, and others. The PTFE (polytetrafluoroethylene) segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, 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.
Browse in-depth TOC on “Fluoropolymer Market”
106 – Tables
131 – Figures
160 – Pages
The fluoropolymer market is marked by the presence of several big and small players. Some of the prominent players offering fluoropolymer include Chemours, Daikin Industries Ltd, 3M (Dyneon), Solvay, and Halopolymer OJSC.
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