(PRWEB) November 23, 2013
The report "Fluoropolymer Market, By Type (PTFE, PVDF, FEP, Fluoroelastomers) & Application (Automotive, Electrical & Electronics, Chemical Processing, Industrial) - Global Trends & Forecast to 2018" defines and segments the fluoropolymers market with an analysis and forecasting of revenue. This market would grow from an estimated $7.2 billion in 2013 to $9.8 billion by 2018, with a CAGR of 5.7% from 2013 to 2018.
Browse 103 market data tables and 28 figures spread through 260 pages and in-depth TOC on “Fluoropolymer Market - Global Trends & Forecast to 2018”.
Early buyers will receive 10% customization on this report.
The market for fluoropolymers is being driven by the expansion of existing application markets and emergence of new markets. Fluoropolymers exhibit properties superior to other polymeric materials and rubber which make them ideally suitable for a wide range of applications, especially applications demanding extreme environments, such as high temperature stability, high chemical resistance, superior dielectric properties, weldability, mechanical strength, etc.
The automotive and transportation industry is the largest end use application for fluoropolymers. The growing trend towards lower vehicle weight, lower emissions, and enhanced fuel efficiency is expected to drive the consumption growth of fluoropolymers in the automotive and transportation industry. The highest sales growth of passenger cars in emerging markets such as China and India is also expected to boost the market. Electrical and electronics is the second largest application for fluoropolymers where they are increasingly being used in semiconductor fabrication, wire and cable insulation, lithium-ion batteries, jacketing, etc. Emerging new applications including photovoltaic modules, fuel cells, jacketing, lithium-ion batteries, etc. would also fuel the growth of the fluoropolymers market in the near future. The durable nature and excellent performance characteristics of fluoropolymers in harsh environments and demanding applications are expected to further help the market.
The global fluoropolymers market in terms of revenue was estimated to be worth $7,159.3 million in 2012 and is expected to reach $9,797.4 million by 2018, growing at a CAGR of 5.7% from 2013 to 2018. North America dominated the global fluoropolymers market, accounting for major share in the overall market in 2012. The growth in the Asia-Pacific market is expected to be fueled by countries such as China and India.
Browse Related Reports:
Packaging Film Market By Application (Food, Medical & Pharmaceutical, Consumer Product, Industrial & Others) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA, PVDC, PVOH & Others) - Global Trends & Forecast to 2018
Calcium Propionate Market by Applications (Bakery, Feed, Dairy, Meat & Processed Meat & Other Food Products) & by Regions (North America, Latin America, Europe, Asia-Pacific, The Middle East & Africa) — Trends & Forecasts to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical.
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets.
Read the full story at http://www.prweb.com/releases/fluoro-polymer/market/prweb11361900.htm.
Copyright©2012 Vocus, Inc.
All rights reserved