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Fluoropolymers Market to See Incredible Growth by 2022

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.

Global Fluoropolymer Market size is expected to reach USD 11.11 billion by 2022, according to a new report by Grand View Research, Inc.


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.

In terms of application, industrial applications dominated the global market, accounting for over 30% of volume share in 2014. 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.

To Know More About Fluoropolymers Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/fluoropolymers-market 

PVDF is expected to witness substantial gains at a CAGR of over 14% from 2015 to 2022. It acts as a ferroelectric material exhibiting piezoelectric and pyroelectric properties. In addition, flexibility, low weight & thermal conductivity and high resistance to chemical corrosion & heat have resulted in its use for manufacturing electric wires.

Market Segmentation of Fluoropolymers Market:

The Global Fluoropolymer Market segmented on the basis of Product, Application and Region.

By Product:

PTFE
PVDF
FEP
Fluoroelastomers

By Application:

Automotive
Electrical & Electronics
Construction
Industrial

By Region:

North America
Europe
Latin America
Asia Pacific
MEA

Inquire about Fluoropolymers Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1501/ibb 
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