Product Code: 978-1-68038-486-4
Fluoropolymer Market Growth & Trends:
The global fluoropolymer market size is expected to reach USD 17.9 billion by 2030, registering to grow at a CAGR of 9.0% from 2024 to 2030 according to a new report by Grand View Research, Inc. High tensile strength and excellent insulation properties have driven fluoropolymer penetration in electronics, automotive and construction applications. Positive outlook on these end-use industries is expected to be one of the primary growth factors over the forecast period.
Increasing government spending on infrastructure in China, India and the Middle East is expected to drive architectural coatings demand. Fluoropolymer coatings exhibit protection against corrosion & chemicals and high temperature tolerance, which makes them useful for architectural applications. In addition, these coatings are used in automobiles for protection against scratches and abrasions. DuPont (Chemours) manufactures and markets fluoropolymer coating under the brand name, Teflon.
The industrial processing sector has accounted for the dominant market share in 2023 owing to its robust expansion. It is used in a wide range of applications including gears, sliding plates and bearings, which require low friction. Expansion of manufacturing industry in India, China, Mexico, Brazil and Russia is expected to drive demand for PTFE as an additional lubricant.
Fluoropolymer Market Report Highlights:
- Global fluoropolymer market size was valued at USD 9.8 billion in 2023 and is expected to reach 17.9 billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
- Polyvinylidene fluoride (PVDF) is expected to grow substantially during the forecast period. The market was propelled due to the increasing demand for architectural coatings, photovoltaic modules, lithium-ion batteries, and special films, used in architectural and automotive glazing.
- The industrial processing sector has accounted for the dominant market share in 2023 owing to its robust expansion. Fluoropolymers are applied in heavy physical and mechanical components owing to their chemical inertness, high-temperature stability, and low friction properties.
- The fluoropolymers market in Asia Pacific region secured the dominant market share with 42.8% in 2023. Technological advancement in the field of electronics, particularly in China, Taiwan and South Korea, has led to an increasing utilization of these materials in providing high thermal stability and superior tensile strength.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Fluoropolymers Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Fluoropolymers Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Fluoropolymers Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Fluoropolymers Market: Product Movement Analysis, 2023 & 2030 (USD Million) (Volume in Kilotons)
- 4.3. PTFE
- 4.3.1. PTFE Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.4. PVDF
- 4.4.1. PVDF Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.5. FEP
- 4.5.1. FEP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.6. Fluoroelastomers
- 4.6.1. Fluoroelastomers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 5. Fluoropolymers Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Fluoropolymers Market: Application Movement Analysis, 2023 & 2030 (USD Million) (Volume in Kilotons)
- 5.3. Automotive
- 5.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 5.4. Electric & Electronics
- 5.4.1. Electric & Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 5.5. Construction
- 5.5.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 6. Fluoropolymers Market: Regional Estimates & Trend Analysis
- 6.1. Fluoropolymers Market Share, By Region, 2023 & 2030 (USD Million) (Volume in Kilotons)
- 6.2. North America
- 6.2.1. North America Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.2.3. Canada
- 6.2.3.1. Canada Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3. Europe
- 6.3.1. Europe Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.2. UK
- 6.3.2.1. UK Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.3. Germany
- 6.3.3.1. Germany Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.4. France
- 6.3.4.1. France Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.5. Italy
- 6.3.5.1. Italy Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.6. Spain
- 6.3.6.1. Spain Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.7. Russia
- 6.3.7.1. Russia Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.8. Denmark
- 6.3.8.1. Denmark Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.9. Sweden
- 6.3.9.1. Sweden Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.3.10. Norway
- 6.3.10.1. Norway Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.2. China
- 6.4.2.1. China Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.3. Japan
- 6.4.3.1. Japan Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.4. India
- 6.4.4.1. India Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.6. Australia
- 6.4.6.1. Australia Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.7. Indonesia
- 6.4.7.1. Indonesia Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.4.8. Vietnam
- 6.4.8.1. Vietnam Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.5. Latin America
- 6.5.1. Latin America Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.5.3. Argentina
- 6.5.3.1. Argentina Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.6.3. UAE
- 6.6.3.1. UAE Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
- 6.6.5. Kuwait
- 6.6.5.1. Kuwait Fluoropolymers Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Chemours
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Daikin Industries
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. 3M
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Solvay
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Arkema
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. AGC Chemicals
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Dongyue Group
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Gujarat Fluorochemicals
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Halopolymer
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Kureha Corporation
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives