World Fluoropolymer Consumption Volume to Post 6.1% CAGR to 2022, States Industry Experts in New Report Published at MarketPublishers.com30 Jun 2016 • by Natalie Aster
LONDON – Fluoropolymers are increasingly finding widespread use in a variety of sectors like electrical & electronics, chemical processing, automotive, construction, and medical, among others. The demand for the material is on the rise mainly due to the rapid growth in the developing countries as well as ongoing economic recovery in the developed regions that gives a boost to industrial investment and upsurge in construction activities. Of the product types, PTFE is the largest fluoropolymer by both volume and value. However, melt-processable members of the fluoropolymer family like FEP, PVDF, ECTFE and ETFE are set to see the most rapid growth in the coming years, on the back of the huge demand from emerging applications like photovoltaic (PV) modules and architectural membranes, and more.
The volume of global fluoropolymer consumption is predicted to stand at 281.6 thousand metric tonnes by 2016-end and amount to 402 thousand metric tonnes by 2022-end, registering 6.1% CAGR over the period.
In terms of volume, APAC is the world’s largest market for fluoropolymers, and is poised to reach 126.6 thousand metric tonnes or hold 45% share of the overall volume by 2016-end. The region is also anticipated to show the fastest CAGR of 7.4% moving forward and reach 194.4 thousand metric tonnes by 2022-end.
New research report “Global Fluoropolymers Market – Products, Technologies and Applications” elaborated by Industry Experts reviews, evaluates and forecasts the fluoropolymers marketplace from 2012 and up to 2022 on a global level as well as region- and country-wise.
The study analyses the fluoropolymer product types and key end-use sectors, which are considered in terms of volume and value. Each fluoropolymer product segment is also examined by end-use sector. The research publication offers extensive data on fluoropolymers production capabilities, comprising output capacity by manufacturer, product type, country, and by producer’s manufacturing plant. The report profiles the top 17 global players and 39 leading players operating across the regions discussed. It also lists the 211 companies involved in the production and processing of fluoropolymers.
More market studies by the publisher can be found at Industry Experts page.