Fluoropolymers Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Fluoropolymers Market covers analysis by Type [Ethylene Tetrafluoroethylene Copolymer (ETFE), Polytetrafluoroethylene (PTFE), Perfluoro Alkoxy (PFA), Polyvinylidene Fluoride (PVDF), Fluoroethylene Propylene (FEP), and Others], End User (Industrial Equipment, Automotive, Construction, Electrical & Electronics, Medical, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Sep 2023

  • Report Code : TIPRE00011406
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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The fluoropolymers market is expected to grow from US$ 7 billion in 2022 to US$ 10 billion by 2028, with an estimated CAGR of 5.2% from 2022 to 2028.

Fluoropolymers are widely used in various end-use industries such as healthcare, electrical & electronics, construction, automotive, and aerospace. They have high heat, chemical, and abrasion resistance. They are lighter in weight and possess high dimensional stability than traditional polymers. Thus, they are extensively used for insulating applications in the electrical & electronics, chemicals, and automotive industries. Fluoropolymers exhibit high thermal insulation, making them suitable for producing non-stick cookware and bakeware. Due to the excellent chemical stability of fluoropolymers, they are used as packaging materials for lithium-ion batteries. Fluoropolymers are also used to produce medical implants and catheters. Thus, widespread applications of fluoropolymers across different industries are driving the market.

Polytetrafluoroethylene (PTFE) fluoropolymer is witnessing high demand in various applications such as automotive, industrial equipment, and electrical & electronics. PTFE fluoropolymer enables the effective functioning of industrial machines and minimizes their failure rate. In the construction industry, PTFE fluoropolymer is used for making gaskets, rings, seals, pump interiors, and vessel linings. Also, PTFE fluoropolymer is resistant to chemicals and concentrated acids. Hence, it is widely used in the oil & gas industry. Numerous benefits of PTFE fluoropolymer tubing are driving the market.


The "Global Fluoropolymers Market Analysis to 2028" is a specialized and in-depth study of the fluoropolymers market with a special focus on the global market trend analysis. The report aims to provide an overview of the fluoropolymers market with detailed market segmentation. It provides key statistics on the status of leading market players and offers major trends and opportunities in the market.

Strategic Insights


The global fluoropolymers market is bifurcated into type and end user. Based on type, the market is segmented into ethylene tetrafluoroethylene copolymer (ETFE), polytetrafluoroethylene (PTFE), perfluoro alkoxy (PFA), polyvinylidene fluoride (PVDF), fluoroethylene propylene (FEP), and others. In terms of end user, the market is segmented into industrial equipment, automotive, construction, electrical & electronics, medical, and others.

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The global fluoropolymers market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in these regions.

Asia Pacific dominated the fluoropolymers market in 2021. The market growth is majorly attributed to the rising demand for specialty fluoropolymers in the healthcare industry across the region for manufacturing advanced medical devices. Moreover, the presence of well-established industry players such as 3M; Saint-Gobain; Shandong Dongyue Polymer Material Co., Ltd; and Daikin Industries, Ltd. in the region is projected to drive the fluoropolymers market over the forecast period.

Fluoropolymers Market

Source: The Insight Partners Analysis

The report analyzes the factors, such as drivers, restraints, opportunities, and future trends, that impact the fluoropolymers market. It also provides an exhaustive Porter's five forces analysis, highlighting the factors influencing the market in these regions.


The COVID-19 outbreak adversely affected many industries, including the chemicals & materials industry. The governments of various countries imposed lockdowns, travel bans, and border restrictions to curb the spread of the virus. This halted the production of many companies operating in the chemicals & materials industry, creating supply shortages. Moreover, due to severe supply chain disruptions, raw material sourcing became difficult, creating a significant raw material shortage. The fluoropolymers market also witnessed a similar impact of the COVID-19 pandemic. Many production facilities remained closed under government mandates which hampered the overall production volume of companies operating in the fluoropolymers market. Moreover, as the end-use industries such as construction, automotive, and transportation were adversely affected, there was a slowdown in demand for fluoropolymers, which resulted in a decline in profits of many small-scale, mid-scale, and large-scale companies.

However, because of the COVID-19 pandemic, the healthcare industry witnessed a significant boom. Fluoropolymer tubing is widely used in various medical equipment such as catheters, bio-containment vessels, syringes, and sutures. This factor had a positive impact on the fluoropolymers market growth during 2020. Further, in 2021, the global marketplace witnessed a positive recovery, and governments announced the relaxation of their previously imposed restrictions. Manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap. Fluoropolymer manufacturers focused on increasing their production capabilities to maximize their profits, which is expected to further boost the fluoropolymers market growth over the forecast period.

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The report covers key developments in organic and inorganic growth strategies in the fluoropolymers market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and the customer base of market players. Market players are anticipated to have lucrative growth opportunities in the coming years due to the rising demand for fluoropolymers.

The report includes key company profiles operating in the fluoropolymers market, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information, such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.

Key Companies Operating in Fluoropolymers Market:

  • 3M
  • AGC Chemicals Americas
  • Daikin Industries, Ltd.
  • Fluoroseals SpA
  • GFL Ltd
  • Halopolymer
  • Saint-Gobain
  • Solvay
  • Shandong Dongyue Polymer Material Co., Ltd
  • The Chemours Company

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Market Research

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Arkema SA
2. Asahi Glass Co. Ltd.
3. Daikin Industries Ltd
4. Dongue Group
5. Gujrat Fluorochemicals Ltd
6. Jiangsu Meilan
7. Shanghai Sanaifu
8. Solvay SA
9. The 3M Company
10. The Chemours Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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