What is Fluoropolymer Chemicals?
Fluoropolymer chemicals are a specialized group of polymeric materials, which are used in a wide range of applications due to unique properties and distinct performance characteristics. The fluoropolymer chemical market presents strong growth driven by the advancement of application processes, the development of new applications and products, and new technological developments. Fluoropolymer chemicals such as PCTFE, PVDF, and THV are used in the automotive industry for automobile fuel and engine systems, which in turn create lucrative opportunities in the United States. North American market was over 288.0 kilotons in 2014 and is likely to witness growth in light of expanding manufacturing base for automotive, construction, and electronics sector in the United States.
The market study is broken down by Type (Polytetrafluoroethylene (PTFE), Polyvinylidene fluoride (PVDF), Fluorinated Ethylene Propylene (FEP), Fluoroelastomers and Others (PFA/MFA, ETFE, ECTFE /PCTFE, PVF, THV)), by Application (Industrial Processing, Electrical and Electronics, Medical, Construction & Architecture, Automotive & Transportation and Others (Aerospace & Aircraft, Food, Pharmaceuticals)) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Fluoropolymer Chemicals market throughout the predicted period.
3M (United States), The Chemours Company (United States), DuPont (United States), Honeywell International Inc. (United States), Whitford Corporation (United States), Zeus Inc. (United States), AGC Group (Japan), BASF SE (Germany), Daikin Industries (Japan) and Saint-Gobain (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Solvay (Belgium), Arkema SA (France), Kureha Corporation (Japan), Halopolymer OJSC (Russia), Shanghai 3F New Materials Co. Ltd. (China) and The Dongyue Group (China).
AdvanceMarketAnalytics has segmented the market of Global Fluoropolymer Chemicals market by Type, Application and Region.
On the basis of geography, the market of Fluoropolymer Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Granular/Suspension will boost the Fluoropolymer Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Manufacturers will boost the Fluoropolymer Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In August 2017, DAIKIN INDUSTRIES has acquired Italian fluoropolymer compound manufacturer Heroflon S.p.A. Heroflon offer PTFE compounds for various end-use industries such as automotive, construction, and chemical.
In May 2019, Dongyue Group has announced plans to expand the dispersion resin and concentrated emulsion PTFE production capacity of its Zibo plant in China. This expansion has been undertaken to cater to the growing demand for PTFE from Europe, North America, South America, and Southeast Asia. and In May 2019, Daikin Industries has announced plans to establish a subsidiary in China to cater to the growing demand for fluorochemicals that are used for manufacturing semiconductors and batteries.
- Robust Adoption in PV Installation
- Development of PVDF-based Architectural Coatings
- The growing demand for fluoropolymer chemicals from various end-use industries owing to their high heat resistance and excellent tensile strength, are major driving factors for the fluoropolymer chemical industry growth.
- Rising Demand for Polymer in Manufacturing Semiconductors in Electronics Industry
- Growing Technologies and New Developments with Unique Properties, Distinct Performance Characteristics
- Emerging Market for Melt-Processable Fluoropolymers
- Higher Cost Of High-Performance Fluoropolymer Chemicals than Of Conventional Materials
- Stringent Government Regulations to Manufacture and Use of Fluoropolymers
- Environmental Sustainability
- Intense Price Competition from Chinese Manufacturers
- Difficulty in Processing High-Performance Fluoropolymers
- Use of Reprocessed PTFE
Key Target AudienceFluoropolymer Chemicals Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Government and Research Institutions, End-Use Industries and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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