The increasing industrial application of fluoropolymer materials and strong demand for the same in Asia-Pacific (APAC) are two of the key factors behind the growth of the fluoropolymer materials market. In 2015, the market stood at 336.9 kilotons, and it is predicted to progress at a CAGR of 5.1% during 2016–2022 (forecast period). Fluoropolymer materials are polymers with fluorine and carbon bonds. These materials display high resistance toward acids, solvents, and bases. Fluoropolymers can be categorized mechanically as thermosets and thermoplastics.

Market Outlook

3.1 Introduction

3.2 Opportunities in the Global Fluoropolymer Materials Market

3.2.1 Robust growth in photovoltaic (PV) installations

3.2.2 Growing infrastructural development

3.3 Factors Driving the Growth of the Market and its Impact on Market Forecast

3.3.1 Growth in key industries

3.3.2 Strong demand for fluoropolymer materials in Asia-Pacific

3.3.3 Increased industrial applications of fluoropolymer materials

3.3.4 Impact analysis of drivers on market forecast

3.4 Factors Hindering the Growth of the Market and its Impact on Market Forecast

3.4.1 Environmental and health concerns

3.4.2 Price volatility of PTFE

3.4.3 Impact analysis of restraints on market forecast

Owing to all these features, the demand for PTFE is expected to grow during the forecast period, leading to the progress of the market. Further, based on application, the fluoropolymer materials market is mainly divided into building & construction, automotive & transportation, industrial processing, and electrical & electronics. Among these, during 2012–2015, the electrical and electronics division led the market in terms of revenue and sales volume, and it is predicted to continue leading it during the forecast period.

Global Fluoropolymer Materials Market, by Geography

5.1 Asia-Pacific Fluoropolymer Materials Market

5.1.1 Asia-Pacific fluoropolymer materials market, by country

5.1.2 Asia-Pacific fluoropolymer materials market, by type

5.1.3 Asia-Pacific fluoropolymer materials market, by application

5.2 North America Fluoropolymer Materials Market

5.2.1 North America fluoropolymer materials market, by country

5.2.2 North America fluoropolymer materials market, by type

5.2.3 North America fluoropolymer materials market, by application

5.3 Europe Fluoropolymer Materials Market

5.3.1 Europe fluoropolymer materials market, by country

5.3.2 Europe fluoropolymer materials market, by type

5.3.3 Europe fluoropolymer materials market, by application

5.4 South America Fluoropolymer Materials Market

5.4.1 South America fluoropolymer materials market, by country

5.4.2 South America fluoropolymer materials market, by type

5.4.3 South America fluoropolymer materials market, by application

5.5 Rest of the World Fluoropolymer Materials Market

5.5.1 Rest of the World fluoropolymer materials market, by type

5.5.2 Rest of the World fluoropolymer materials market, by application

For instance, in the industrial processing domain, these materials are widely used owing to their chemical and oil-resistant properties. Besides, these materials are heavily adopted in the photovoltaic (PV) domain due to their flexibility, photostability, durability, and moisture resistance. The solar PV market is predicted to witness massive growth on account of governments’ surging investments and initiatives. Further, strict environmental regulations are encouraging people to adopt green energy sources, which, in turn, is expected to boost the number of PV installations, thereby resulting in the growth of the fluoropolymer materials market.

LIST OF FIGURES 
FIG 1 RESEARCH SCOPE FOR GLOBAL FLUOROPOLYMER MATERIALS MARKET
FIG 2 RESEARCH METHODOLOGY FOR GLOBAL FLUOROPOLYMER MATERIALS MARKET
FIG 3 GLOBAL FLUOROPOLYMER MATERIALS MARKET, KILOTONS (2012 – 2022)
FIG 4 GLOBAL FLUOROPOLYMER MATERIALS MARKET, $M (2012 – 2022)
FIG 5 GLOBAL FLUOROPOLYMER MATERIALS MARKET, BY TYPE, KILOTONS (2012 – 2022)
FIG 6 GLOBAL FLUOROPOLYMER MATERIALS MARKET SIZE, BY TYPE, $M (2012 – 2022)
FIG 7 GLOBAL FLUOROPOLYMER MATERIALS MARKET FOR PTFE, KILOTONS (2012 – 2022)
FIG 8 GLOBAL FLUOROPOLYMER MATERIALS MARKET FOR PTFE, $M (2012 – 2022)
FIG 9 GLOBAL FLUOROPOLYMER MATERIALS MARKET FOR FLUOROELASTOMERS, KILOTONS (2012 – 2022)
FIG 10 GLOBAL FLUOROPOLYMER MATERIALS MARKET FOR FLUOROELASTOMERS, $M (2012 – 2022)

Thus, the growing number of PV installations around the world, heavy demand for fluoropolymer materials in APAC, and expanding end-use industries are strengthening the market.