NEW YORK, June 16, 2016 /PRNewswire/ --
According to market research "Global Fluoropolymer Materials Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Polyvinylidene Fluoride, Fluoroelastomers, Polytetrafluoroethylene, Fluorinated Ethylene Propylene, Other Fluoropolymers) by Application (Automotive & Transportation, Building & Construction, Electricals and Electronics, Industrial Processing, Others)" by P&S Market Research, the global fluoropolymer materials market was estimated at 336.9 kilotons in 2015, and it is expected to grow at a CAGR of 5.1% during 2016 - 2022.
Explore Detailed Description with TOC at: https://www.psmarketresearch.com/market-analysis/fluoropolymer-materials-market
The growth of the global fluoropolymer materials market is largely driven by growth in key industries, strong demand for fluoropolymer materials in Asia-Pacific, and increased industrial applications. Moreover, fast pace photovoltaic installation is further boosting the growth of the global fluoropolymer materials market. The developing countries in Asia-Pacific, such as China, India, and Indonesia are propelling the growth of the regional market. The key industries such as automotive and electronics are witnessing robust growth across the globe, which is boosting the demand of fluoropolymer materials.
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In 2015, Asia-Pacific held the largest share (40.3%) in the global fluoropolymer materials market with a size of 135.8 kilotons. Furthermore, the fluoropolymer materials market in the region is expected to witness the highest growth at a CAGR of 5.4% during the forecast period. The major reasons behind the growth of the fluoropolymer materials market in the region is attributed to increasing infrastructure development, growing demand for automobiles and robust development in electronics industry. Moreover, the buying power of individual in Asia-Pacific has grown significantly, which has raised the living standard of individual, resulting in more expense on housing, electronics and automobiles.
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.
GLOBAL FLUOROPOLYMER MATERIALS MARKET SEGMENTATION
- Polyvinylidene Fluoride (PVDF)
- Polytetrafluoroethylene (PTFE)
- Fluorinated Ethylene Propylene (FEP)
- Other Fluoropolymer
- Automotive and Transportation
- Building and Construction
- Electrical and Electronics
- Industrial Processing
- North America
- South America
- Rest of the World
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SOURCE P&S Market Research