Fluoropolymer Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 3.87 Billion |
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Market Size (2029) | USD 5.67 Billion |
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Largest Share by End User Industry | Industrial and Machinery |
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CAGR (2024 - 2029) | 7.92 % |
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Largest Share by Region | Asia-Pacific |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Fluoropolymer Market Analysis
The Fluoropolymer Market size is estimated at 3.87 billion USD in 2024, and is expected to reach 5.67 billion USD by 2029, growing at a CAGR of 7.92% during the forecast period (2024-2029).
3.87 Billion
Market Size in 2024 (USD)
5.67 Billion
Market Size in 2029 (USD)
5.41 %
CAGR (2017-2023)
7.92 %
CAGR (2024-2029)
Largest Market by End-user Industry
41.41 %
value share, Industrial and Machinery, 2023
Due to the high demand for fluoropolymers in coating and lining applications, the industrial and machinery sector has dominated the market.
Fastest Growing Market by End-user Industry
11.80 %
Projected CAGR, Automotive, 2024-2029
Fluoropolymer coatings and components such as fuel tubes and hoses help improve engine efficiency and battery functions in automobiles. Hence, the segment is projected to witness the fastest growth.
Largest Market by Sub Resin Type
38.36 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE recorded the largest market share.
Largest Market by Region
51.96 %
value share, Asia-Pacific, 2023
Asia-Pacific is driven by major developing economies like India, China, Japan, and South Korea. These countries are also the highest consumers of fluoropolymers at the global level.
Leading Market Player
12.42 %
market share, Dongyue Group, 2022
Dongyue Group is the largest fluoropolymer resin producer, with a production capacity of 75 kilotons, out of which PTFE resin accounts for 55 kilotons.
Rising electric vehicles demand to majorly benefit the market expansion
- Fluoropolymers are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low-friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, and telecommunications.
- In terms of volume, the industrial and machine equipment industry occupied the largest market share in the global fluoropolymers market in 2022. Fluoropolymers, like PVDF, PVF, and ETFE, are widely used to manufacture structural equipment, valves, fittings, pipes, and tubing. Owing to the rapid urbanization in Asia-Pacific and North America, the demand for heavy construction equipment and power tools increased, making these regions the largest consumers while generating 51.59% and 28.37% of revenue shares, respectively, in the global fluoropolymer market in 2022.
- The electrical and electronics industry is the second-largest consumer of fluoropolymers globally. This can be attributed to companies adopting work-from-home models and consumers setting up home offices, raising the demand for electronic gadgets like laptops, mobiles, and smart devices. Asia-Pacific is the largest consumer of fluoropolymers in this sector, accounting for 59.89% of the global fluoropolymer revenue in the electrical and electronics industry.
- The automotive industry is the fastest-growing sector and is likely to witness a CAGR of 12.31% in terms of value during the forecast period (2023-2029). The rising demand for PVDF resin in lithium-ion batteries used in electric vehicles is expected to increase the consumption of fluoropolymer resins.
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Asia-Pacific to remain dominant during the forecast period
- Owing to the major countries such as China, Japan, South Korea, the United States, and Canada, Asia-Pacific and North America are among the major consumers of fluoropolymers, combinedly holding a share of around 81.5% by volume in 2022.
- Asia-Pacific is the largest consumer of fluoropolymer resins and is expected to register a CAGR of 9.06%, by value, during the forecast period, making it the fastest-growing segment as well. Countries like China and Japan are at the forefront of the utilization of fluoropolymers occupying 58.73% and 18.55%, respectively, of the total fluoropolymer market share in terms of revenue. China's industrial and machinery is the major consumer of fluoropolymers in the country. Rapid urbanization and restoration of offshore exports have increased the demand for Chinese machine tools and equipment globally. As a result, the country has an increasing demand for fluoropolymers. For instance, the revenue of fluoropolymers in the region from the industrial machinery segment is expected to amount to around USD 796.3 million in 2023.
- North America is the second-fastest-growing region after Asia-Pacific and is predicted to register a CAGR of 8.69% in terms of value during the forecast period [2023-2029]. The United States is among the major consumers of fluoropolymers in the region owing to its automotive industry, which is predicted to register a CAGR of 11.60% in terms of value during the forecast period. The rising vehicle production in the region is expected to drive the demand for fluoropolymers in the future. For instance, vehicle production in the region is projected to reach 18 million units by 2029 from 14.5 million units in 2022.
Global Fluoropolymer Market Trends
Technological advancements in electronics industry may foster the growth
- The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
- In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
- The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027. As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
- Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
- China to lead global import and export of fluoropolymer
- Growing demand for electric vehicles may boost automobile industry growth
- Demand for flexible packaging from the food and beverage industry boosting market growth
Fluoropolymer Industry Overview
The Fluoropolymer Market is moderately consolidated, with the top five companies occupying 42.38%. The major players in this market are Arkema, Daikin Industries, Ltd., Dongyue Group, Solvay and The Chemours Company (sorted alphabetically).
Fluoropolymer Market Leaders
Arkema
Daikin Industries, Ltd.
Dongyue Group
Solvay
The Chemours Company
Other important companies include 3M, Gujarat Fluorochemicals Limited (GFL), Kureha Corporation, Sinochem, Zhejiang Juhua Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Fluoropolymer Market News
- November 2022: Solvay and Orbia announced a framework agreement to form a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials, resulting in the largest capacity in North America.
- October 2022: Dongyue Group completed the construction of its PVDF project with a capacity of around 10,000 tons per year in China. Upon completion of this project, the company's total PVDF production capacity reached 25,000 tons/year.
- July 2022: Daikin Industries Ltd. invested in a US-based start-up company, TeraWatt Technology, to develop applications and further enhance battery technologies for lithium-ion batteries.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Fluoropolymer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Electrical and Electronics
2.1.5. Packaging
2.2. Import And Export Trends
2.2.1. Fluoropolymer Trade
2.3. Regulatory Framework
2.3.1. Argentina
2.3.2. Australia
2.3.3. Brazil
2.3.4. Canada
2.3.5. China
2.3.6. EU
2.3.7. India
2.3.8. Japan
2.3.9. Malaysia
2.3.10. Mexico
2.3.11. Nigeria
2.3.12. Russia
2.3.13. Saudi Arabia
2.3.14. South Africa
2.3.15. South Korea
2.3.16. United Arab Emirates
2.3.17. United Kingdom
2.3.18. United States
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Electrical and Electronics
3.1.5. Industrial and Machinery
3.1.6. Packaging
3.1.7. Other End-user Industries
3.2. Sub Resin Type
3.2.1. Ethylenetetrafluoroethylene (ETFE)
3.2.2. Fluorinated Ethylene-propylene (FEP)
3.2.3. Polytetrafluoroethylene (PTFE)
3.2.4. Polyvinylfluoride (PVF)
3.2.5. Polyvinylidene Fluoride (PVDF)
3.2.6. Other Sub Resin Types
3.3. Region
3.3.1. Africa
3.3.1.1. By Country
3.3.1.1.1. Nigeria
3.3.1.1.2. South Africa
3.3.1.1.3. Rest of Africa
3.3.2. Asia-Pacific
3.3.2.1. By Country
3.3.2.1.1. Australia
3.3.2.1.2. China
3.3.2.1.3. India
3.3.2.1.4. Japan
3.3.2.1.5. Malaysia
3.3.2.1.6. South Korea
3.3.2.1.7. Rest of Asia-Pacific
3.3.3. Europe
3.3.3.1. By Country
3.3.3.1.1. France
3.3.3.1.2. Germany
3.3.3.1.3. Italy
3.3.3.1.4. Russia
3.3.3.1.5. United Kingdom
3.3.3.1.6. Rest of Europe
3.3.4. Middle East
3.3.4.1. By Country
3.3.4.1.1. Saudi Arabia
3.3.4.1.2. United Arab Emirates
3.3.4.1.3. Rest of Middle East
3.3.5. North America
3.3.5.1. By Country
3.3.5.1.1. Canada
3.3.5.1.2. Mexico
3.3.5.1.3. United States
3.3.6. South America
3.3.6.1. By Country
3.3.6.1.1. Argentina
3.3.6.1.2. Brazil
3.3.6.1.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Arkema
4.4.3. Daikin Industries, Ltd.
4.4.4. Dongyue Group
4.4.5. Gujarat Fluorochemicals Limited (GFL)
4.4.6. Kureha Corporation
4.4.7. Sinochem
4.4.8. Solvay
4.4.9. The Chemours Company
4.4.10. Zhejiang Juhua Co., Ltd.
5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
- Figure 8:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 9:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 10:
- VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 11:
- VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
- Figure 13:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
- Figure 14:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 15:
- VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 16:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 17:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 18:
- VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 20:
- VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 21:
- VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 22:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 23:
- VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 24:
- VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 25:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 26:
- VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 27:
- VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 29:
- VOLUME OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 30:
- VALUE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 32:
- VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 33:
- VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 34:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, GLOBAL, 2022 VS 2029
- Figure 35:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, GLOBAL, 2017 - 2029
- Figure 36:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, GLOBAL, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, GLOBAL, 2017, 2023, AND 2029
- Figure 38:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, GLOBAL, 2017, 2023, AND 2029
- Figure 39:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 40:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 41:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 42:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 43:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 44:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 45:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 46:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 47:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 48:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 49:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 51:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 52:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 53:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 54:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 55:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 56:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2029
- Figure 57:
- VOLUME OF FLUOROPOLYMER CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
- Figure 58:
- VALUE OF FLUOROPOLYMER CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 59:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
- Figure 60:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
- Figure 61:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
- Figure 62:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 63:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 64:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 65:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, NIGERIA, 2017 - 2029
- Figure 66:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, NIGERIA, 2017 - 2029
- Figure 67:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
- Figure 68:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
- Figure 69:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
- Figure 70:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
- Figure 71:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
- Figure 72:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF AFRICA, 2017 - 2029
- Figure 73:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
- Figure 74:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 76:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 77:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 78:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 79:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 80:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 81:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 82:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, CHINA, 2017 - 2029
- Figure 83:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 84:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, INDIA, 2017 - 2029
- Figure 85:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, INDIA, 2017 - 2029
- Figure 86:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
- Figure 87:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, JAPAN, 2017 - 2029
- Figure 88:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, JAPAN, 2017 - 2029
- Figure 89:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
- Figure 90:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, MALAYSIA, 2017 - 2029
- Figure 91:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, MALAYSIA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
- Figure 93:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
- Figure 94:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, SOUTH KOREA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
- Figure 96:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 97:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 99:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 100:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 101:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 102:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 103:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 104:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 105:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 106:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 107:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 108:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 109:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 110:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, ITALY, 2017 - 2029
- Figure 111:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 112:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 113:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 114:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 115:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 116:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 117:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 118:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 119:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 120:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 121:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
- Figure 122:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
- Figure 123:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
- Figure 124:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
- Figure 125:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
- Figure 126:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
- Figure 127:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
- Figure 128:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 129:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 130:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
- Figure 131:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
- Figure 132:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 133:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
- Figure 134:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 135:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 136:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 137:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 138:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, CANADA, 2017 - 2029
- Figure 139:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, CANADA, 2017 - 2029
- Figure 140:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
- Figure 141:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, MEXICO, 2017 - 2029
- Figure 142:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, MEXICO, 2017 - 2029
- Figure 143:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
- Figure 144:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED STATES, 2017 - 2029
- Figure 145:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED STATES, 2017 - 2029
- Figure 146:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
- Figure 147:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 148:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 149:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 150:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 151:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 152:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 153:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 154:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 155:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 156:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 157:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 158:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 159:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 160:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 161:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 162:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, GLOBAL, 2022
Fluoropolymer Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Ethylenetetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinylfluoride (PVF), Polyvinylidene Fluoride (PVDF) are covered as segments by Sub Resin Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- Fluoropolymers are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low-friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, and telecommunications.
- In terms of volume, the industrial and machine equipment industry occupied the largest market share in the global fluoropolymers market in 2022. Fluoropolymers, like PVDF, PVF, and ETFE, are widely used to manufacture structural equipment, valves, fittings, pipes, and tubing. Owing to the rapid urbanization in Asia-Pacific and North America, the demand for heavy construction equipment and power tools increased, making these regions the largest consumers while generating 51.59% and 28.37% of revenue shares, respectively, in the global fluoropolymer market in 2022.
- The electrical and electronics industry is the second-largest consumer of fluoropolymers globally. This can be attributed to companies adopting work-from-home models and consumers setting up home offices, raising the demand for electronic gadgets like laptops, mobiles, and smart devices. Asia-Pacific is the largest consumer of fluoropolymers in this sector, accounting for 59.89% of the global fluoropolymer revenue in the electrical and electronics industry.
- The automotive industry is the fastest-growing sector and is likely to witness a CAGR of 12.31% in terms of value during the forecast period (2023-2029). The rising demand for PVDF resin in lithium-ion batteries used in electric vehicles is expected to increase the consumption of fluoropolymer resins.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Packaging | |
| Other End-user Industries |
| Sub Resin Type | |
| Ethylenetetrafluoroethylene (ETFE) | |
| Fluorinated Ethylene-propylene (FEP) | |
| Polytetrafluoroethylene (PTFE) | |
| Polyvinylfluoride (PVF) | |
| Polyvinylidene Fluoride (PVDF) | |
| Other Sub Resin Types |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the fluoropolymers market.
- Resin - Under the scope of the study, virgin fluoropolymer resins like Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylfluoride, Fluorinated Ethylene-propylene, Ethylenetetrafluoroethylene, etc. in the primary forms are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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