Fluoroelastomer Specialists
Zion Research has published a new report titled “Fluoropolymers (Polytetrafluoroethylene (PTFE), Polyvinylidene Difluoride (PVDF), Fluorinated Ethylene Propylene (FEP) and Fluoroelastomers) Market for Automotive, Electrical & Electronics, Construction and Industrial Equipment Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, the global fluoropolymers market was valued at approximately USD 6.50 billion in 2014 and is expected to reach approximately USD 10.50 billion by 2020, growing at a CAGR of around 7.5% between 2015 and 2020. In terms of volume, global fluoropolymers market stood at around 650 kilo tons in 2014.
A polymer that exhibit strong carbon-fluorine bond is called as a fluoropolymer. Fluoropolymer is also known as fluorine polymer. High resistance to solvents, acids and bases are some of the important characteristics of fluoropolymers. Fluoropolymers demonstrate low coefficient of friction compared with other polymers, they are inert substances and can withstand high temperatures. They are usually applied to manufactured metal parts by electrostatic powder coating, or attached in large sheets with epoxy to line the interior of large metal and non-metal containers. Some of the fluoropolymers are thermosets while others are thermoplastics. Fluoropolymers are widely used in numerous applications in host of industries owing their excellent properties such as non-adhesive, low friction, chemical and weather resistance, etc.
Automotive, PV films, semiconductors and electronic appliances are some of the major end-user industries for fluoropolymers. Automotive and electronics industry in Asia Pacific is projected to exhibit strong growth in the years to come. This in turn is expected to boost the demand for fluoropolymers. Moreover, rapidly increasing demand for energy and environmental concerns associated with use of conventional sources of energy is resulted into growing demand for solar energy. Looking into this, PV installations is expected to witness surge in demand during the forecast period. Fluoropolymers are widely used in making PV films. This in turn expected to be a give a major thrust to fluoropolymers market. However, fluctuations in raw material prices and supply are expected to remain major concern for the manufacturers.
Polytetrafluoroethylene (PTFE), polyvinylidene difluoride (PVDF), fluorinated ethylene propylene (FEP) and fluoroelastomers are the major types of fluoropolymers. Polytetrafluoroethylene was the largest product segment, which accounted for over 60% share of the total fluoropolymers volume consumed in 2014. Polyvinylidene difluoride (PVDF) was the second largest product and expected to exhibit significant growth rate during the forecast period. Moreover, demand for fluorinated ethylene propylene (FEP) and fluoroelastomers product segment is also anticipated to grow at rapid pace in the year to come.
