Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Performance Fluorine Chemicals & Polymers Market size is poised to growing at over 4.1% CAGR during the forecast period i.e., between 2025-2037.
The growth of the market can be attributed to the various useful properties of fluorine chemicals and preservatives, including, high resistance to heat, lowest dielectric constant and extremely high friction coefficient. Moreover, increasing application of these polymers and chemicals in various end-user industries, such as, medical, transportation, and others, is estimated to boost the market growth. These polymers are used in making cables, wire insulations, and insulators in vehicles to reduce emissions, among other applications. Rising use of fluorine chemicals and polymers in making wire insulations for smart phones, computers, and other electric appliances, is anticipated to further boost the market growth.
Performance Fluorine Chemicals & Polymers Sector: Growth Drivers and Challenges
Growth Drivers
- High Resistance to Chemical and Temperature
- Increasing Applications of Fluorine Chemicals and Polymers
Challenges
- Price Competition with Local Manufacturers
Performance Fluorine Chemicals & Polymers Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.1% |
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Regional Scope |
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Performance Fluorine Chemicals & Polymers Segmentation
The global performance fluorine chemicals & polymers market is segmented by application into medical, industrial, transportation, electronics, and others, out of which, the electronics segment is anticipated to hold the largest share in the market during the forecast period on account of increasing manufacturing and sales of smartphones, laptops, and other electronic devices which use fluorine chemicals and polymers. More than 1.4 billion smartphones were sold in 2020, which is estimated to cross 1.5 billion smartphones by the end of 2021. This is expected to positively influence the segment growth.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Form
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By Application
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Customize this ReportPerformance Fluorine Chemicals & Polymers Industry - Regional Synopsis
North America Market Statistics
Regionally, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is anticipated to hold largest revenue share by 2037, on the back of increasing manufacturing of hybrid vehicles in the U.S. Moreover, increasing demand for consumer electronics is estimated to boost the market growth in the region.
The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the growing consumer electronic manufacturing industry. Japan is the largest producer of smartphones, as the smartphone industry has crossed 100 million units in the country. Additionally, growing chemical industry in the region, backed by easy availability of raw materials is expected to boost the market growth.
Companies Dominating the Solar Cell Landscape
- 3M
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Hubei Everflon Polymer CO., Ltd.
- HaloPolymer Kirovo-Chepetsk, LLC
- Gujarat Fluorochemicals Limited
- Dongyue Group
- AGC Group
- Solvay
- Daikin Industries, Ltd.
- The Chemours Company LLC
- Mallard Creek Polymers
In the News
· May 10, 2021: Solvay announced the agreement with NextEra Energy Marketing, LLC to purchase EarthEra Renewable Energy Certificates (RECs).
Author Credits: Rajrani Baghel
- Report ID: 3165
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
