Innovation Benchmarking in Fluoropolymer Materials Market

Fluoropolymer is characterized as a fluorocarbon-based polymer with various solid carbon-fluorine bonds. The chemical structure of fluoropolymers consists of polymer chains made up of fluorine atoms. Fluoropolymers can be defined as semi-crystalline, high-performance thermoplastics. The fluoropolymerfamily comprises a group of homopolymers and copolymers. Growth of the fluoropolymer materials market is expected to be driven by rising demand for fluoropolymer materials in the manufacture of semiconductors used in electrical appliances such as smartphones and computers.
Fluoropolymers are extensively used in data communication, renewable energy, automotive, electronics, aerospace, and building applications. The utility of fluoropolymers arises from properties such as high temperature resistance, outstanding chemical resistance, better toughness, outstanding electrical properties, and low coefficient of friction. Fluoropolymers are also being used in coatings for all-weather apparel and nonstick cookware since the past decade. Fluoropolymers are widely used innumerous chemical plants and various semiconductor parts as they are maintenance-free even under severe circumstances and contribute to improving productivity. The excellent performance of fluoropolymers in extreme environments and demanding applications act as major drivers for the global fluoropolymer market. Concerns regarding environmental effects and health hazards of fluoropolymers can act as a limitation for the fluoropolymers market.
Fluoropolymers play a vital role in numerous services and products that are frequently used by human beings in their day-to-day activities. Stringent regulatory environment is expected to hamper development of the fluoropolymer market. Perfluorooctanoic acid (PFOA), which is utilized as a raw material, is considered to be carcinogenic by the USEPA. Usage in a wide range of household products including furniture sprays and stain-resistant carpets is the main source of PFOA contamination, which is anticipated to hamper the market growth during the next few years.
Asia Pacific is anticipated to be the fastest-growing market for fluoropolymers. Demand for fluoropolymer materials in the region is estimated to be chiefly driven by swift rise in consumption of fluoropolymers in India and China. Development in the automotive, aerospace, and other transportation systems is anticipated to drive the fluoropolymer market in Asia Pacific. Lightweight materials are preferred in most industries due to the need for enhanced fuel efficiency and lower emission. This, in turn, propels growth of the fluoropolymers market in countries such as India, China, and Japan.
Electronics and electrical is the largest end-user industry of fluoropolymers, where they are gradually being preferred for usage in cable and wire insulation, jacketing, lithium-ion batteries, and semiconductor fabrication. Technological development in the field of electronics, particularly in South Korea and Taiwan, has led to increase in utilization of these materials to enable superior tensile strength and high thermal stability.
Key companies in the fluoropolymers market are largely focusing on these growing economies for tapping their strong market potential. North America is another dominant market for fluoropolymers, particularly due to significant demand from the cable and wire industry in the U.S. Polytetrafluoroethylene (PTFE) is the dominant fluoropolymer, accounting for more than half (by weight) of the world’s fluoropolymer consumption. China is the world’s largest consumer of PTFE, while the U.S. is the largest consumer of other fluoropolymers.
Some of the major companies operating in the global fluoropolymers market are Jinan 3F Fluoro-Chemical Co. Ltd, AGC Chemicals Europe, Dyneon GmbH,3M,AGC Chemicals Europe, Zhonghao Chenguang Research Institute of Chemical Industry, DuPont, Solvay Solexis, Ltd.,Gujarat Fluorochemicals Ltd., Shanghai 3F,Fuxin Hengtong, Honeywell International Inc., and DAIKIN INDUSTRIES, Ltd.
About Us:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Acrylate Monomers Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2025

The  global acrylate monomers market  features a largely price-sensitive landscape, which has led several prominent players focusing on inexpensive formulations of acrylate monomers to develop cost-effective acrylic acids or esters, notes Transparency Market Research (TMR). To this end, manufacturers are increasingly entering into agreements and partnerships with original equipment manufacturers (OEM) and merchandisers, in a move to gain a better foothold in the market. However, this hasn’t deterred a number of prominent companies developing solutions on specialty chemicals to increase the product pricing, observes TMR. Among such top players are Dow Chemical Company, Evonik Industries, and Arkema. Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19268 A number of players are tapping on opportunities emerging from inexpensive formulations for developing a range of high-performance specialty acrylate monomers
Read more

Solder Balls Market to Benefit from Increased Global Uptake of 2017 – 2025

A fresh business intelligence publication by Transparency Market Research (TMR) has detected that the global solder balls market is largely consolidated in nature, which is primarily a reflection of the presence of a handful of players. The analysts of the report have identified Duksan Metal Co. Ltd., Hitachi Metals Nanotech Co. Ltd., Indium Corporation, Nippon Micrometal Corporation, and Senju Metal Industry Co. Ltd. as some of the key players currently ahead of the curve in the global solder balls market. The prominent position of these players is a reflection of their strong regional presence. For instance, Duksan Hi-Metal Co. Ltd. dominates in APAC region and has been focusing on the development of advanced products and technologies to meet the needs of their primary customers. The company offers a series of paste and solder balls for the electronic industry and has been gaining ground since it established its research and development institute of electronic material
Read more

Plasticizers Market — Global Industry Analysis and Forecast | 2024

The  global plasticizers market  has fragmented competitive landscape, observes Transparency Market Research in a recent market research report. Presence of numerous prominent players and local vendors in the market is increasing the level of competition among players, Get sample of this report at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=753 Key players operating in the market are trying to launch new products to improve their products portfolio to widen their offering of technologically advanced eco-friendly, innovative, and high quality products. BASF SE, Eastman Chemical Company, ExxonMobil Corporation, LG Chem Ltd., Evonik Industries, Ferro Corporation, Arkema Inc., UPC Technology Corp., and Aekyung Petrochemical Co. Ltd. are some of the leading players operating in the global plasticizers market. According to the report, the global plasticizers market had a valuation of US$14.85 bn in 2015, which is expect
Read more