London, UK -- (SBWIRE) -- 06/04/2015 -- Fluoropolymer is better known for its durability and being a robust plastic. It is characterized by its strong resistance to bases, solvents and acids. Due to its exclusive high performance and longevity, fluoropolymers find application in variety of industries, including automotive & transportation, aviation, telecommunications, electronics, electrical, chemical processing and others. Also, they are increasingly being used as coatings in non-stick surfaces, seals, gaskets, control cables, space apparel, bushing, pipes and hoses, fluid handling equipment, etc.

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Fluoropolymers Market: Drivers & Restraints

Opportunities are emerging for fluoropolymers as its qualities make it a viable option for use in applications that need exposure to harsh environmental conditions. Advanced physical and chemical properties, such as the ability to withstand high temperature, electrical insulation, corrosion and chemical resistance etc., are the major driving factors for the global fluoropolymer market. Conversely, cost related concerns, environmental impact and health issues can act as a restraining factors for the global fluoropolymer market.

Fluoropolymers Market: Segmentation

On the basis of product type, the global fluoropolymer market is segmented into,

Polytetrafluoroethylene (PTFE)

Polyvinyl fluoride (PVF)

Polychlorotrifluoroethylene (PCTFE)

Polyvinylidene difluoride (PVDF)

Fluorinated ethylene – propylene (FEP)

Perfluoroalkoxy polymer (PFA)

Others

The demand for PVDF in fluoropolymer market is anticipated to be high due to its growing application in the lithium-ion batteries, solar cells and architectural coatings.

On the basis of application, the global fluoropolymer market is segmented into

Chemical

Automotive

Telecommunication

Electrical & electronics

Healthcare

Aerospace & aircraft

Construction

Others

Fluoropolymers Market: Region-wise Outlook

Global fluoropolymer market is anticipated to witness the highest growth in Asia Pacific, especially in China, India and Japan. Rising demand of wire and cable is anticipated to boost the demand for fluoropolymer in North America and Europe. Global fluoropolymer market is expected to expand at a steady CAGR in terms of volume through 2020.

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Fluoropolymers Market: Key Players

Some of the market participants in the global fluoropolymer market are DuPont, Asahi Glass Co. Ltd, 3M, Saint-Gobain, Arkema SA, Honeywell,Dongyue Group Ltd, Halopolymer OJSC, Solvay SA, Kureha Corporation and Gujarat Fluorochemicals Ltd. (GFL).

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