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Global Fluoropolymers Market Is Relatively Stable With CAGR Of 8.17% From 2011 To 2015
Tuesday, 21 Jul, 2020
Fluoropolymer is a fluorocarbon-based polymer with multiple strong carbon-fluorine bonds. It is known for its inertness to most chemicals, resistance to high temperatures.

Fluoropolymers are among the most useful modern materials, providing nonstick surfaces for cookware and industrial products, waterproofing surface treatments for clothing and other substrates, stain barriers for textiles, high-purity fluid handling “plumbing” medical applications, wire & cable insulation jackets, high performance coatings for harsh environments, mar-free coatings for touch screen electronic devices, architectural and marine coating additives, backsheets for photovoltaic panels, films and membranes for technical, waterproof clothing and industrial applications.

In the past several years, the global fluoropolymers market is relatively stable with CAGR of 8.17% from 2011 to 2015. In 2015, the global actual consumption amount of fluoropolymers was around 363720 MT. 

Fluoropolymers can be used in various fields, like automotive & transportation, electrical & electronics, chemical processing, industrial equipment, etc. Automotive & transportation is the largest application of fluoropolymers, with market share of 35.97% in 2015.  Fluoropolymers can be classified as PTFE, PVDF, FKM, FSR, FFKM and others in terms of material type. PTFE is the major kind of fluoropolymers due to its stable quality and reasonable price. The market of PTFE is still in its emerging stage, with a global market share of 53.03% in 2015.

The largest producers of fluoropolymers in the worldwide are DuPont, Daikin, 3M, Solvay, Arkema, Gujarat, AGC and HaloPolymer, which takes a combined share of 45.52% in 2015.The largest producing area of fluoropolymers is China, accounting about 37.45% of Global production..

The Global fluoropolymers market would growth with CAGR of 7.80% from 2017 to 2022. The annual consumption amount of fluoropolymers would reach to 609584 MT in 2022. In the future, the consumption in portable commercial use like biomedical applications would be the growth point in developing countries.