Fluoropolymer Material Sales Predicted to Explode in Coming Years

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Ballistic Protection Materials Market

Fluoropolymer Materials Market

Fluoropolymer Materials Market:- With the mushrooming usage of fluoropolymer materials in the aerospace, electrical and electronics, and automotive applications, their sales are predicted to skyrocket in the coming years. Fluoropolymers are extensively used in the electrical and electronics industry, especially in the coating of automotive cables, electronic cables, and data communication cables. On the other hand, in the automotive industry, thermoplastic and elastomer forms of fluoropolymers are heavily used, on account of their ability to provide resistance to lubricants, fuels, and high temperatures.

Fuel and vapor management hoses, fuel tank filler necks, wire insulations, seals, O-rings, and diaphragms are the automotive components in which fluoropolymers are extensively used. The expansion of the electronics industry, the soaring sales of automobiles, and the rapid infrastructure development in the developing nations of Asia-Pacific are also contributing toward the ballooning global demand for fluoropolymer materials. Furthermore, the increasing purchasing power of people residing in this region is boosting the sales of fluoropolymer materials.

This is causing the boom of the global fluoropolymer materials market. Fluoropolymer materials are basically fluorocarbon-based polymers that consist of solid carbon-fluorine bonds. Fluoropolymers have a semi-crystalline structure and thermoplastic characteristics, which means that these materials become viscous or liquid at a specific temperature. After reaching that temperature, these materials can be shaped and molded as required. In addition to this, fluoropolymer materials are also highly resistant to acids, solvents, and bases.

most commonly used types of fluoropolymer materials

Fluoroelastomers, polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and polyvinylidene fluoride (PVDF) are the most commonly used types of fluoropolymer materials across the world. Amongst these, the usage of the PTFE was found to be the highest during the last few years. This material is extensively used in the chemical processing and electrical and electronics industries. In the future years, the usage of fluoroelastomers will rise rapidly, as per the estimates of P&S Intelligence, a market research company based in India.

Industrial processing, building and construction, electrical and electronics, and automotive and transportation industries are the major application areas of fluoropolymer materials. Amongst these, the usage of the fluoropolymer materials was the highest in the electrical and electronics industry in the past. This was because of the high requirement for these materials in wire and cable insulation, semiconductor fabrication, jacketing, and lithium-ion batteries. This industry will witness a sharp rise in the usage of fluoropolymer materials in the future.

Globally, the fluoropolymer materials market recorded the highest growth in the Asia-Pacific (APAC) region in the years gone by. Moreover, the sales of fluoropolymer materials are predicted to shoot-up in this region in the forthcoming years. This will be because of the rapid industrialization in the region. Apart from this, the expansion of the electronics, automotive, and construction industries is also propelling the demand for fluoropolymer materials in the region.

Fluoropolymers are fluorocarbon-based polymers

Having solid bonds of carbon and fluorine. These polymers are either homopolymers or copolymers, and they have thermoplastic properties as they contain a semi-crystalline structure. This means that these polymers become viscous or liquid at specific temperatures, after which they can be molded and shaped according to need. Fluoropolymers also exhibit strong resistance to acids, bases, and solvents. As fluorine provides better stability than chlorine, fluoropolymers are impervious to conventional media.

Similarly, the automotive sector uses the thermoplastic and elastomer forms of fluoropolymers in the production of seals, O-rings, wire insulations, fuel tank filler necks, diaphragms, and vapor and fuel management hoses. Apart from this, the photovoltaic (PV) industry utilizes fluoropolymer materials in large quantities owing to their moisture resistance, photostability, chemical and environmental resistance, flexibility, durability, and electrical isolation. Essentially, the increasing installation of solar power plants owing to the advancements in technology, stringent government regulations, and rapid shift toward non-conventional energy will fuel the requirement for these polymers in the coming years.

Other end-use industries, such as aerospace, construction, and chemical and industrial processing, also consume fluoropolymers in large quantities. For instance, they are used in the industrial processing sector due to their non-adhesiveness and high resistance against heat, chemicals, and weather. Moreover, just like the electrical and electronics industry, the chemical processing sector uses large quantities of PTFE. In the coming years, the automobile, aerospace, and chemical and industrial processing sectors will adopt a notable quantity of fluoroelastomers owing to their strong resistance to heat, oil, and chemicals.

chemical companies

Apart from PTFE, polyvinylidene fluoride (PVDF) and fluorinated ethylene propylene (FEP) are used in these industries for various applications. The requirement of end-users is met by large chemical companies such as Fuxin Heng Tong Fluorine Chemicals Co. Ltd., Compagnie de Saint-Gobain S.A., Kureha Corporation, The Chemours Company, E. I. du Pont de Nemours and Company, Arkema S.A., 3M Company, AGC Inc., Dongyue Polymer Material Co. Ltd., and Halopolymer OJSC. Presently, they are witnessing the highest demand for such materials from the Asia-Pacific (APAC) region.

The APAC fluoropolymer materials market is also set to witness the fastest growth in the foreseeable future, which can be primarily ascribed to the rapid industrialization in the region. Moreover, the expansion of the automotive, construction, and electrical and electronics industries will fuel the adoption of fluoropolymer materials in the coming years. Besides, the rapid infrastructure development, high living standards, and high purchasing power of people have led to the large-scale consumption of these materials.

Conclusion

Thus, the strong resistance offered by fluoropolymer materials against bases, acids, solvents, weather, and heat has led to their wide adoption in the electrical and electronics, PV, automotive, aerospace, and chemical and industrial processing sectors.

Table of content

Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Research Scope

1.2.1 Market segmentation by type

1.2.2 Market segmentation by application

1.2.3 Market segmentation by region

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Opportunities in the Global Fluoropolymer Materials Market

3.2.1 Robust growth in photovoltaic (PV) installations

3.2.2 Growing infrastructural development

3.3 Factors Driving the Growth of the Market and its Impact on Market Forecast

3.3.1 Growth in key industries

3.3.2 Strong demand for fluoropolymer materials in Asia-Pacific

3.3.3 Increased industrial applications of fluoropolymer materials

3.3.4 Impact analysis of drivers on market forecast

3.4 Factors Hindering the Growth of the Market and its Impact on Market Forecast

3.4.1 Environmental and health concerns

3.4.2 Price volatility of PTFE

3.4.3 Impact analysis of restraints on market forecast

Chapter 4. Global Fluoropolymer Materials Market Size and Forecast 

4.1 Global Fluoropolymer Materials Market, by Type

4.1.1 Polytetrafluoroethylene (PTFE)

4.1.2 Fluoroelastomers

4.1.3 Polyvinylidene fluoride (PVDF)

4.1.4 Fluorinated ethylene propylene (FEP)

4.1.5 Others

4.2 Global Fluoropolymer Materials Market, by Application

4.2.1 Electrical and electronics

4.2.2 Automotive and transportation

4.2.3 Industrial processing

4.2.4 Building and construction

4.2.5 Others

4.3 Global Fluoropolymer Materials Market, by Region

Chapter 5. Global Fluoropolymer Materials Market, by Geography

5.1 Asia-Pacific Fluoropolymer Materials Market

5.1.1 Asia-Pacific fluoropolymer materials market, by country

5.1.2 Asia-Pacific fluoropolymer materials market, by type

5.1.3 Asia-Pacific fluoropolymer materials market, by application

5.2 North America Fluoropolymer Materials Market

5.2.1 North America fluoropolymer materials market, by country

5.2.2 North America fluoropolymer materials market, by type

5.2.3 North America fluoropolymer materials market, by application

5.3 Europe Fluoropolymer Materials Market

5.3.1 Europe fluoropolymer materials market, by country

5.3.2 Europe fluoropolymer materials market, by type

5.3.3 Europe fluoropolymer materials market, by application

5.4 South America Fluoropolymer Materials Market

5.4.1 South America fluoropolymer materials market, by country

5.4.2 South America fluoropolymer materials market, by type

5.4.3 South America fluoropolymer materials market, by application

5.5 Rest of the World Fluoropolymer Materials Market

5.5.1 Rest of the World fluoropolymer materials market, by type

5.5.2 Rest of the World fluoropolymer materials market, by application

Chapter 6. Competitive Positioning Analysis

6.1 Porter’s Five Forces of Competitive Position Analysis

6.1.1 Bargaining power of buyers

6.1.2 Bargaining power of suppliers

6.1.3 Threat of new entrants

6.1.4 Intensity of rivalry

6.1.5 Threat of substitutes

6.2 Competitive Positioning of Global Fluoropolymer Materials Market, by Application

Chapter 7. Company Profiles and Strategic Developments

7.1 Key Company Profiles

7.1.1 Daikin Industries Limited

7.1.1.1 Business overview

7.1.1.2 Product and service offerings

7.1.2 Solvay SA

7.1.2.1 Business overview

7.1.2.2 Product and service offerings

7.1.3 Arkema SA

7.1.3.1 Business overview

7.1.3.2 Product and service offerings

7.1.4 Dongyue Group Ltd

7.1.4.1 Business overview

7.1.4.2 Product and service offerings

7.1.5 HaloPolymer OJSC Ltd

7.1.5.1 Business overview

7.1.5.2 Product and service offerings

7.1.6 Kureha Corporation

7.1.6.1 Business overview

7.1.6.2 Product and service offerings

7.1.7 E I DuPont de Nemours and Company

7.1.7.1 Business overview

7.1.7.2 Product and service offerings

7.1.8 AGC Chemicals

7.1.8.1 Business overview

7.1.8.2 Product and service offerings

7.1.9 3M Company

7.1.9.1 Business overview

7.1.9.2 Product and service offerings

7.1.10 Fuxin Hengtong Fluorine Chemicals Co. Ltd.

7.1.10.1 Business overview

7.1.10.2 Products and services offerings

7.1.11 Saint Gobain

7.1.11.1 Business overview

7.1.11.2 Products and services offerings

7.1.12 The Chemours Company

7.1.12.1 Business overview

7.1.12.2 Products and services offerings

7.2 Strategic Developments in the Global Fluoropolymer Materials Market

Chapter 8. Appendix

8.1 List of Abbreviations

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