Performance Fluorine Chemicals & Polymers Market Trends

  • Report ID: 3165
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Performance Fluorine Chemicals & Polymers Market Trends

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

Chemicals Manufacturing

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

4.1%

Base Year Market Size (2024)

#N/A

Forecast Year Market Size (2037)

#N/A

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3165
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Performance Fluorine Chemicals & Polymers Market size is poised to growing at over 4.1% CAGR during the forecast period i.e., between 2025-2037.

Rising application of these polymers in various end-user industries will propel the market growth.

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.

The major players in the market are HaloPolymer Kirovo-Chepetsk, LLC, Gujarat Fluorochemicals Limited, Dongyue Group, AGC Group, Solvay, Daikin Industries, Ltd., The Chemours Company LLC, Mallard Creek Polymers, and others.
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