NEW YORK, July 7, 2015 /PRNewswire/ -- US demand for fluoropolymers is forecast to increase 9.9 percent per annum to $2.2 billion in 2019, with volume totaling over 190 million pounds. Advances will be stimulated by continued economic expansion, which will drive industrial output and boost construction activity.
PVF & PVDF will exhibit the most rapid growth
Polytetrafluoroethylene (PTFE) is forecast to maintain its position as the leading product in both volume and value terms through 2019. Demand will benefit from widespread utilization in the large industrial processing market and expanding opportunities in emerging applications such as chemical processing and industrial filtration. However, the most robust gains are forecast for polyvinyl fluoride (PVF) and polyvinylidene fluoride (PVDF). PVF demand will rise rapidly from a relatively small base, fueled by stellar growth in the photovoltaic module segment despite greater competition from less expensive alternative materials. PVDF will control a greater share of the total market, advancing strongly through 2019 based on rebounding growth in the architectural coating segment, as well as heightened use in electronics, primarily advanced batteries.
Construction, electrical & electronic display markets to offer best opportunities
The industrial processing market will remain the largest outlet through the forecast period, benefiting from tighter performance requirements as more advanced materials are needed to withstand increasingly harsh operating conditions. However, more rapid gains are anticipated in the construction and the electrical and electronics markets. Fluoropolymer usage in architectural coatings will continue to rise due to a sanguine outlook for building construction, as well as the superior performance characteristics these materials possess over competing products. Above average advances in the electrical and electronic market will be fueled by a rebound in the product output overall and wire and cable production in par-ticular. Furthermore, strong growth in photovoltaic module production will offer opportunities for fluoropolymers as interest in alternative energy such as solar power swells due to efforts to reduce dependence on fossil fuels.
Films to be fastest growing application
Coatings and liners will remain the largest application through the fore-cast period, primarily due to expansive usage in protective coatings for wire and cable as well as construction materials. Films will post the fastest growth of all applications, fueled by growth in photovoltaic modules, healthcare packaging, and industrial filtration materials. Foam applications will also provide above average growth potential for fluoropolymers due to its versatility as insulation.
This upcoming industry study, Fluoropolymers, presents historical demand data (2004, 2009, 2014) plus forecasts (2019, 2024) by product, appli-cation and market. The study also assesses key market environment factors, evaluates company market share and profiles 31 participants in the US industry.
Read the full report: http://www.reportlinker.com/p0703289-summary/view-report.html
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