Market Size of south america fluoropolymer Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 55.01 Million |
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Market Size (2029) | USD 80.37 Million |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2029) | 7.88 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Fluoropolymer Market Analysis
The South America Fluoropolymer Market size is estimated at 55.01 million USD in 2024, and is expected to reach 80.37 million USD by 2029, growing at a CAGR of 7.88% during the forecast period (2024-2029).
55.01 Million
Market Size in 2024 (USD)
80.37 Million
Market Size in 2029 (USD)
5.60 %
CAGR (2017-2023)
7.88 %
CAGR (2024-2029)
Largest Market by End-user Industry
38.86 %
value share, Automotive, 2023
Automotive is the largest end-user industry segment owing to its rising usage of fluoropolymers for their superior characteristics, such as being lightweight and having high impact resistance.
Fastest Growing Market by End-user Industry
8.75 %
Projected CAGR, Automotive, 2024-2029
Fluoropolymer coatings and components such as fuel tubes and hoses help improve engine efficiency and battery functions , which is projected to witness the fastest growth over the forecast period.
Largest Market by Sub Resin Type
43.53 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE held the largest share of the market.
Largest Market by Country
67.29 %
value share, Brazil, 2023
Owing to the increased consumption of fluoropolymer in the automotive industry, which was the dominant end-user segment with a 67% share in the region, Brazil emerged as the largest consumer of fluoropolymer.
Leading Market Player
31.30 %
market share, Arkema, 2022
Arkema is the dominant market player owing to its well-established sales and distribution networks in the region, which contribute significantly to its sales.
The automotive industry in Argentina to dominate the market for fluoropolymers
- Fluoropolymers find applications in a range of end-user industries due to their versatile and tough nature. In 2022, the increase in industrial applications made fluoropolymers an increasingly commercial material. Common fluoropolymer applications are cookware, wires, semiconductors, medical devices, roofing materials, and waterproof films.
- During the 2017-19 period, the demand for fluoropolymers witnessed steady growth, which was majorly driven by the increase in electrical and electronics products in the region. In 2020, due to various operational, travel, and trade restrictions, because of the pandemic, the demand for fluoropolymers witnessed a Y-o-Y decline of 17.88%. Among all end-user industries, the demand from the automotive and industrial machinery industries took the worst hit, declining by 32.66% and 28.41% of their 2019 revenue. As the restrictions eased, the demand for fluoropolymers increased to pre-pandemic levels. This growth was majorly driven by Argentina.
- The increasing applications of fluoropolymers are due to their ability to resist high and low temperatures and severe corrosive environments, and most chemicals are expected to drive the growth in the demand for fluoropolymers. Among all end users in South America, the automotive industry in Argentina is expected to witness the highest growth, with a CAGR of 10.65% in volume terms during the forecast period. The regional demand for fluoropolymers is expected to register CAGRs of 6.21% and 7.95% in volume and value terms, respectively, during the forecast period.
Understand The Key Trends Shaping This Market
Argentina to exhibit high growth, aided by fast-paced automobile industry
- South America ranks fourth in the consumption of fluoropolymers globally, and it occupied a share of just 1.43%, by volume, in 2022. In South America, fluoropolymers find a range of applications in the electrical and electronics, automotive, and healthcare device manufacturing industries.
- During the forecast period, the demand for fluoropolymers is expected to witness steady growth, registering a CAGR of 6.19%, mainly driven by the rapid growth in the electrical and electronics industry in countries like Argentina. Among all sub-resin types in all countries in the region, the demand for fluorinated ethylene-propylene (FEP) in Argentina witnesses the highest growth. In volume terms, its demand is expected to record a CAGR of 8.40% during the forecast period.
- In 2020, various restraining factors like worker unavailability and raw material shortages, which resulted from operational and trade restrictions during the pandemic, severely affected various end-user industries, negatively affecting the region's fluoropolymer demand. Among all countries, Brazil's fluoropolymer demand received the biggest impact. In 2020, the country's Y-o-Y demand volume declined by 13.20%, whereas the regional Y-o-Y decline was 10.18%.
- In 2021, as the restrictions eased, fluoropolymer demand outgrew its pre-pandemic levels. This growth was majorly driven by the rapid growth in automotive production in countries like Argentina. This growth trend is expected to continue throughout the forecast period, with Argentina witnessing the highest growth in fluoropolymer demand among all countries. Overall, fluoropolymer demand from South America is expected to grow, recording a CAGR of 7.93% in revenue terms during the forecast period.
South America Fluoropolymer Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery 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. Argentina, Brazil are covered as segments by Country.
- Fluoropolymers find applications in a range of end-user industries due to their versatile and tough nature. In 2022, the increase in industrial applications made fluoropolymers an increasingly commercial material. Common fluoropolymer applications are cookware, wires, semiconductors, medical devices, roofing materials, and waterproof films.
- During the 2017-19 period, the demand for fluoropolymers witnessed steady growth, which was majorly driven by the increase in electrical and electronics products in the region. In 2020, due to various operational, travel, and trade restrictions, because of the pandemic, the demand for fluoropolymers witnessed a Y-o-Y decline of 17.88%. Among all end-user industries, the demand from the automotive and industrial machinery industries took the worst hit, declining by 32.66% and 28.41% of their 2019 revenue. As the restrictions eased, the demand for fluoropolymers increased to pre-pandemic levels. This growth was majorly driven by Argentina.
- The increasing applications of fluoropolymers are due to their ability to resist high and low temperatures and severe corrosive environments, and most chemicals are expected to drive the growth in the demand for fluoropolymers. Among all end users in South America, the automotive industry in Argentina is expected to witness the highest growth, with a CAGR of 10.65% in volume terms during the forecast period. The regional demand for fluoropolymers is expected to register CAGRs of 6.21% and 7.95% in volume and value terms, respectively, during the forecast period.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Other End-user Industries |
| Sub Resin Type | |
| Ethylenetetrafluoroethylene (ETFE) | |
| Fluorinated Ethylene-propylene (FEP) | |
| Polytetrafluoroethylene (PTFE) | |
| Polyvinylfluoride (PVF) | |
| Polyvinylidene Fluoride (PVDF) | |
| Other Sub Resin Types |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
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South America Fluoropolymer Market Size Summary
The South America fluoropolymer market is poised for significant growth, driven by its diverse applications across various industries such as electrical and electronics, automotive, and healthcare. Fluoropolymers are valued for their resilience in extreme temperatures and corrosive environments, making them ideal for use in products like cookware, semiconductors, and medical devices. The market experienced a downturn during the pandemic due to operational and trade restrictions, but demand rebounded as restrictions eased, with Argentina leading the recovery. The automotive sector in Argentina is expected to see the highest growth, reflecting the broader trend of increasing industrial applications of fluoropolymers in the region.
South America ranks fourth globally in fluoropolymer consumption, with Brazil and Argentina being key players in the market. The region's electrical and electronics industry, particularly in Brazil, has been a significant driver of demand, supported by rising disposable incomes and technological advancements. The market is fairly consolidated, with major companies like 3M, AGC Inc., Arkema, Solvay, and The Chemours Company dominating the landscape. These companies are actively expanding their product offerings and capacities to meet the growing demand, particularly in sectors such as semiconductors and lithium-ion batteries. Overall, the South America fluoropolymer market is expected to continue its upward trajectory, supported by ongoing industrial growth and technological innovation.
South America Fluoropolymer Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Electrical and Electronics
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1.1.5 Industrial and Machinery
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1.1.6 Other End-user Industries
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1.2 Sub Resin Type
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1.2.1 Ethylenetetrafluoroethylene (ETFE)
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1.2.2 Fluorinated Ethylene-propylene (FEP)
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1.2.3 Polytetrafluoroethylene (PTFE)
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1.2.4 Polyvinylfluoride (PVF)
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1.2.5 Polyvinylidene Fluoride (PVDF)
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1.2.6 Other Sub Resin Types
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1.3 Country
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1.3.1 Argentina
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1.3.2 Brazil
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1.3.3 Rest of South America
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South America Fluoropolymer Market Size FAQs
How big is the South America Fluoropolymer Market?
The South America Fluoropolymer Market size is expected to reach USD 55.01 million in 2024 and grow at a CAGR of 7.88% to reach USD 80.37 million by 2029.
What is the current South America Fluoropolymer Market size?
In 2024, the South America Fluoropolymer Market size is expected to reach USD 55.01 million.
