Filled Fluoropolymers Market is anticipated to grow at a CAGR of 3.91% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Filled Fluoropolymer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global filled fluoropolymermarket is anticipated to grow at a CAGR of 3.91% from 2020 to 2030.
Thissignificant market growth can be attributed to the high demand for filled fluoropolymers for different applications. For instance, glass-filled PTFE finds applications in ball valve component, bridge bearing pads, ship launching pads, and pipe supporting pads while Graphite-filled PTFE(pure crystalline carbon)are used in shaft bearings and high-speed chemical pumps, among others. Furthermore, owing to the rising demand from end-use industries, leading companiesin the fluoropolymers market, such as Daikin Industries and The Chemours Company, are increasing their production capacities.For instance, in 2018, The Chemours Company, announced the expansion of its Teflon PFA polymer to meet growing demands from the semiconductor industry.
However, factors such as price volatility of filled fluoropolymers stands to act as a market barrier. For instance, AGC Chemicals Americas increased the pricesof its fluon-based grade products following rising raw material costs for fluoropolymer resins and fillers.
Asia Pacific stands to be the largest market for filled fluoropolymers globally with a market share of 43% in 2019. Chinastands to be the largest producer and consumer in the region while India is expected to witness the fastest growth during the forecast period. The growing demand for high-performance lubricants andheat-resistant materials, among others are expected to further contribute to market growth in this region.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Filled Fluoropolymers Market by Type(PTFE and PFA), By End-Use Industry (Automotive, Electrical and Electronics, Healthcare, and Chemical)- Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/filled-fluoropolymers-market/308
Some of the prominent players in the global filled fluoropolymers market include 3M Company, The Mitsubishi Chemical Advanced Materials Group of Companies, Tetraflon Corp S de RL de CV, The Chemours Company, DAIKIN INDUSTRIES, Ltd, AFT FLUOROTEC LIMITED, DMH Dichtungs- und Maschinenhandel GmbH, AGC Inc., HaloPolymer, OJSC, FLUORTEN SRL,andothers.
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