LONDON, Sept. 28, 2016 /PRNewswire/ -- Fluoropolymers' exceptional properties, such as outstanding chemical resistance, weather stability, low surface energy, low coefficient of friction, and low dielectric constant, have attributed to their widespread usage in sectors such as chemical processing, electrical & electronics, automotive, building & construction and medical among others. Global fluoropolymers demand is attributed mainly to the robust growth in the developing regions and also continued economic recovery in the developed nations that drives industrial investment and growth in construction activities. PTFE is the largest fluoropolymer in terms of volume and value. However, melt-processable fluoropolymers such as PVDF, FEP, ETFE and ECTFE are forecast to record fastest growth during the analysis period, owing to the significant demand from emerging applications such as photovoltaic modules and architectural membranes among others.
The report reviews, analyses and projects the Fluoropolymers market for the period 2012-2022 globally and the regional markets including North America, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 12 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia and the United Kingdom; and Asia-Pacific – China, Japan, India and South Korea. Global volume consumption of Fluoropolymers, standing at 223.2 thousand metric tons in 2012, is forecast to be 281.6 thousand metric tons in 2016 and is projected to reach 402 thousand metric tons by 2022 at a CAGR of 6.1% between 2016 and 2022. Asia-Pacific is the largest volume market for Fluoropolymers globally, forecast to be 126.6 thousand metric tons (45% share) in 2016 and is also likely to post the fastest 2016-2022 CAGR of 7.4% and reach a projected 194.4 thousand metric tons by 2022.