Global Fluoropolymers Market worth $9,446.0 Million by 2016

Friday 30 August 2013, Amsterdam

The report “Fluoropolymers Market Analysis by Product Types, Applications & Geography - Trends & Global Forecasts (2011 - 2016)” defines and segments the global fluoropolymers market with analysis and forecasting of the global volume and revenue for fluoropolymers. It also identifies driving and restraining factors for the global fluoropolymers market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenue are forecasted on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World. The key countries are covered and forecasted for each geography. Further, market is segmented and revenue is forecasted on the basis of applications and product types.

The market for fluoropolymers is being driven by the expansion of existing application markets and emergence of new markets. Fluoropolymers exhibit properties superior to other polymeric materials and rubber which makes them ideally suitable for a wide range of applications, especially applications demanding extreme environments such as high temperature stability, high chemical resistance, superior dielectric properties, weldability, mechanical strength, etc.

Automotive and transportation industry is the largest end use application for fluoropolymers. The growing trend towards lower vehicle weight, lower emissions, and enhanced fuel efficiency is expected to drive the consumption growth of fluoropolymers in the automotive and transportation industry. The high sales growth of the passenger cars in emerging markets such as China and India is also expected to boost the market. Electrical and electronics is the second largest application for fluoropolymers where they are increasingly being used in semiconductor fabrication, wire and cable insulation, lithium-ion batteries, jacketing, etc.   

The global fluoropolymers market in terms of revenue was estimated to be worth $5,880.0 million in 2010 and is expected to reach $9,446.0 million by 2016, growing at a CAGR of 6.5% from 2011 to 2016. North America dominates the global fluoropolymers market, accounting for 40.7% of the overall market in 2010. The growth in the Asia-Pacific market is expected to be fuelled by countries such as China and India.