According to the recent study the fluoropolymer market is projected to reach an estimated $6.0 billion by 2030 from $5.4 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for high performance polymers in industrial processing, transportation, and electrical and electronics, because of its superior properties such as non-adhesiveness, low friction, non-stick, high dielectric, and chemical resistance properties.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in fluoropolymer market by end use (industrial processing, electrical and electronics, automotive and aerospace, construction, healthcare, and others), product type (PTFE, FEP, PVDF, PVF, fluoroelastomer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that industrial processing will remain the largest end use industry over the forecast period due to increasing demand for fluoropolymer based plastic products in chemical processing equipment. Construction is expected to witness the highest growth over the forecast period.
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PTFE fluoropolymer will remain the largest segment by value and volume over 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. PVDF is expected to witness the highest growth over the forecast period.
APAC is expected to remain the largest region by value and volume due to growth in end use industries.
Daikin, Gujarat Fluorochemicals Limited, 3M Dyneon, Chemours (Dupont), Hindustan Fluorocarbons Limited, Asahi Glass Corporation, Kureha Corporation, Halopolymer OJSC, SOLVAY Solexis S.P.A, and DongyueFederare the major suppliers in the fluoropolymermarket.
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Lucintel
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