Fluoropolymer materials are fluorocarbon-based polymer with solid carbon-fluorine bonds. The chemical structure of fluoropolymer materials comprises polymer chains made of fluorine atoms. Fluoropolymer materials are semi-crystalline, high performance thermoplastic having high resistance towards acids, solvents and bases. Fluoropolymer are either homopolymers or copolymers. Fluoropolymer are unreactive and chemically stable, as fluorine induces more stability, as compared to chlorine. Fluoropolymer materials are broadly used in automotive, aerospace, chemical and industrial processing, transportation and construction industry. Moreover, fluoropolymer are being used for all-weather coating apparel and non-stick cookware.
The global fluoropolymer materials market was at 336.9 kilotons in 2015, and it is expected to grow at a CAGR of 5.1% during 2016-2022. The increasing use of fluoropolymer materials in automotive and electrical and electronics industry are driving the growth of the global fluoropolymer materials market.
Among the various types of fluoropolymer materials, the polytetrafluoroethylene (PTFE) segment held the largest share (60.9%) with market size of 205.1 kilotons in 2015. Polytetrafluoroethylene (PTFE) is extensively used in chemical processing and electrical and electronics industry. The fluoroelastomers segment is expected to witness the highest growth at a CAGR of 6.4% in terms of volume during the forecast period. The fluoroelastomers segment is expected to attain fast paced growth during the forecast period, due to its extraordinary level of resistance to oil, chemicals and heat. It also offers a superior service life over 200°C.
Asia-Pacific accounted for the largest share (40.3% in terms of volume in 2015) in the Global fluoropolymer materials market and it is also expected to witness the fastest growth (CAGR 5.4%) during 2016 – 2022 in terms of volume. The fast paced industrialization in Asia-Pacific region is driving the growth of the fluoropolymer market in the region. Automobile, construction and electronic industry has grown significantly in Asia-Pacific region, which in turn is generating the demand for fluoropolymer materials and offering growth opportunities for fluoropolymer materials manufacturer.
Some of the major players operating in the global fluoropolymer materials market include Daikin Industries Limited, Solvay SA, Arkema SA, Dongyue Group Ltd., Halopolymer Ojsc, Kureha Corporation, E.I. Dupont DE Nemours & Company, Asahi Glass Co. Ltd., 3M Company, Saint-Gobain, Fuxin Heng Tong Fluorine Chemicals Co. Ltd., and The Chemours Company.
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