DUBLIN, Nov 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Fluoropolymer Market 2016-2020" report to their offering.
The global fluoropolymer market to grow at a CAGR of 5.46% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global fluoropolymer market for 2016-2020. To calculate the market size, the report considers the revenue generated from the fluoropolymers market across regions has been considered for
One of latest trends in the market is rise in applications of fluoropolymers in construction and pharmaceuticals. Fluoropolymers are in high demand in the construction segment due to its high durability, UV radiation resistance, and anti-corrosion properties. They are used in manufacturing materials such as architectural membranes, coatings and paints, caulks, tubings, and wires and cables. The architectural membranes made of fluoropolymer coated fabrics, especially PTFE, are used in the construction of large roofs (mainly in stadiums).
According to the report, one of the primary drivers in the market is rapid growth and expansion in APAC. Currently, APAC is the largest producer and consumer of fluoropolymer products. The region is the largest market for PTFE, the largest fluoropolymer product type, accounting for around 40% of the global market share by revenue. Further, the availability of raw materials (fluorspar, ethylene, and fluorocarbon) at lower prices and availability of skilled labor, land, and industrial equipment has made the region a target destination for manufacturing fluoropolymers.
Further, the report states that one major challenge in the market is intense competition from low-cost products from China. China produces low-cost fluoropolymers (mainly PTFE) in huge quantities, which it exports to other countries, including the US, Europe, and countries in Middle East Asia. This is posing a challenge to other manufacturing countries such as Japan, Germany, India, and Russia. The availability of cheaper products can be attributed to factors such as the availability of cheap labor, efficient supply chain, mass production and dumping, and controversial currency manipulation of Chinese Yuan.
Key vendors
- 3M
- Asahi Glass
- Chemours
- Daikin Industries
- Solvay
Other prominent vendors
- Arkema
- BASF
- Fluorotherm Polymers
- Gujarat Fluorochemicals
- HaloPolymer
- Honeywell
- Kureha
- Parker Hannifin
- Saint-Gobain
- SABIC
- Shandong Dongyue
- Shanghai 3F New Materials
- Whitford
- Zeus
- Zhejiang Juhua
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by product
Part 08: Geographic segmentation
Part 09: Key leading countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/c557bq/global
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