In a recent published report, Kenneth Research has updated the market report for Fluoropolymer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fluoropolymer Market products.
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A report on Fluoropolymer Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Fluoropolymer Market. The Global Fluoropolymer Market has been analyzed By Applications (Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others) and By Type (PTFE, PVDF, FEP, ETFE, Others). The Global Fluoropolymer Market has been analyzed By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, U.K, France, China, India, Germany, Canada) for the historical period of 2013-2017 and the forecast period of 2018-2023.
According to Azoth Analytics research report, “Global Fluoropolymer Market: Analysis By Type (PTFE, PVDF, FEP, ETFE, Others), By Application (Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) – By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, U.K, France, China, India, Germany and Canada): 2018-2023” Global Fluoropolymer Market is projected to display a positive growth represented by a CAGR of 6.18% during 2018 – 2023.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Over the recent years, global fluoropolymer market has been witnessing growth, on account of several driving factors including rising demand for automotive, surging investment in aerospace & defence industry, rising demand in space exploration, electronic products and housing sector due to revival in global economic condition, growing government initiatives for housing in developing and emerging economies and increasing focus towards self-reliance in defence sector. Furthermore, rising demand for electronics and semiconductor industry has been driving the revenue of Fluoropolymer companies. Besides, growing demand in hi-tech fields such as rocket propellants aerospace industry is boosting up the sales of Fluoropolymer.
In this research report, the market is segmented on the basis of application type and product type, by end use product, the segment of PTFE is predicted to hold its dominant position in the market. Amongst the regions, Asia Pacific accounts for the largest regional share in the global Fluoropolymer market in 2018. Moreover, APAC region is also predicted to maintain its dominant position in the market. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to rapidly growing urbanization as well as growing government expenditure towards development of infrastructure and housing industry is likely to drive the regional market.
The report titled “Global Fluoropolymer Market: Analysis By Type (PTFE, PVDF, FEP, ETFE, Others), By Application (Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) – By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, U.K, France, China, India, Germany and Canada): 2018-2023” has covered and analyzed the potential of global fluoropolymer market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global fluoropolymer market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Fluoropolymer Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Fluoropolymer Market – Size, Growth, Forecast
• By Type – PTFE, PVDF, FEP, ETFE, Others
By Application – Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others: By Value
Regional Markets – North America, Europe, Asia-Pacific and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Fluoropolymer Market – Size, Growth, Forecast
• By Type – PTFE, PVDF, FEP, ETFE, Others
By Application – Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others: By Value
Country Analysis – U.S., U.K, France, China, India, Canada and Germany (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Fluoropolymer Market – Size, Growth, Forecast
• By Type – PTFE, PVDF, FEP, ETFE, Others
By Application – Automotive, Electrical & Electronics, Industrial Processing, Construction, Medical, Others: By Value
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Company Share Analysis
• SWOT Analysis
• Porter Five Force Analysis
• Supply Chain Analysis
• Product Benchmarking
• Policy and Regulatory Landscape
• Company Analysis – Chemours, Daikin, Inc., 3M, Inc., Solvay SA, AGC Inc., Dongyue Group., Gujrat Fluorochemicals Limited
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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