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SOURCE Research and Markets
DUBLIN, January 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/clt48p/fluoropolymer) has announced the addition of the "International Fluoropolymer Market Report - Trends & Forecast to 2018" report to their offering.
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The global fluoropolymer market is experiencing growth on account of increasing applications, technological advancements, and rapidly growing demand in the Asia-Pacific region. Fluoropolymers are some of the most versatile polymers known and are used in almost every field of modern industries. Fluoropolymer is widely used in automobiles, electrical and electronics, and chemical processing industries. Typical uses of fluoropolymer include electrical insulation, gaskets, coatings, seals, non-stick surfaces, space apparel, bushing, pipes and hoses, control cables, underhood wire, tank and reactor linings, lined pipes, valves, fiber optic cables, fluid handling equipment, etc.
The global fluoropolymer market in terms of revenue was estimated to be worth $7,159.3 million in 2012 and is expected to reach $9,797.4 million by 2018, growing at a CAGR of 5.7% from 2013 to 2018. Asia-Pacific and North America dominated the global fluoropolymer market demand in 2012. Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India.
The increasing penetration of low volume fluoropolymer such as PVDF and FEP in uses such as semiconductor manufacturing, wire and cable insulation, and coating in construction applications are expected to lead the market towards product innovation and material development. Also, the development of melt processable PTFE is expected to help the future prospects of the maturing PTFE market.
North America dominated the global fluoropolymer market, accounting for a major share in overall consumption in 2012. Asia-Pacific and Europe remained second and third largest fluoropolymers consuming regions. North America, owing to its fast pace of economic advancement and huge demand from a wide range of industries such as electrical and electronics and automobiles, is a frontrunner in the consumption of fluoropolymer. In recent years, Asia-Pacific registered a strong demand for fluoropolymers and the trend is expected to continue in the near future, driven by China and India. The low cost production of PTFE in China is expected to encourage manufacturers to open production facilities in China. Market participants are continuously focusing on the Asia-Pacific region to gain market share and improve profitability.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Fluoropolymers Market, By Product Types
6 Global Fluoropolymer Market, By Applications
7 Global Fluoropolymer Market, By Geography
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/clt48p/fluoropolymer
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