Europe Fluoropolymer Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 661.52 Million |
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Market Size (2029) | USD 854.48 Million |
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Largest Share by End User Industry | Industrial and Machinery |
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CAGR (2024 - 2029) | 5.25 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Fluoropolymer Market Analysis
The Europe Fluoropolymer Market size is estimated at 661.52 million USD in 2024, and is expected to reach 854.48 million USD by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).
661.52 Million
Market Size in 2024 (USD)
854.48 Million
Market Size in 2029 (USD)
3.95 %
CAGR (2017-2023)
5.25 %
CAGR (2024-2029)
Largest Market by End-user Industry
58.45 %
value share, Industrial and Machinery, 2023
Due to the high demand for fluoropolymers in coating and lining applications, the industrial and machinery segment has dominated the regional market.
Fastest Growing Market by End-user Industry
9.04 %
Projected CAGR, Automotive, 2024-2029
Fluoropolymer coatings and components such as fuel tubes and hoses help improve engine efficiency and battery functions in automobiles. Hence, the segment is projected to witness the fastest growth.
Largest Market by Sub Resin Type
39.42 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE recorded the largest market share.
Largest Market by Country
24.84 %
value share, Germany, 2023
Due to the region's largest industrial and machinery sector and a considerable share in the global machine tools industry, Germany occupied the largest market for fluoropolymers.
Leading Market Player
30.68 %
market share, Solvay, 2022
Solvay is one of the major fluoropolymer producers with a production capacity of 22.7 kilotons in Europe, and the company is involved in expansions in Europe, making it a market leader.
The industrial and machinery sector to remain as the largest end user of fluoropolymers
- Fluoropolymers have applications ranging from oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceutical applications. The industrial and machinery sector accounted for around 57.0% of the revenue of the European fluoropolymer market in 2022.
- Industrial and machinery is the largest sector in Europe. For instance, the sold industrial production value reached EUR 5,209 billion in 2021, an increase of almost 14% compared to EUR 4,581 billion in 2020, owing to the increasing demand for chemical processing equipment, pumps, engines, and others, thereby increasing the demand for fluoropolymers in the region.
- Automotive is the second largest sector, with 17% of the European fluoropolymer market in 2022. It is dominated by Germany, Italy, and the United Kingdom, thereby increasing the demand for fluoropolymers. The sector contributed 7% to the overall GDP and is expected to increase as it is central to the European Union's economy.
- The electrical and electronics is the third-largest sector in the region and had a share of 10% of the European fluoropolymer market by revenue in 2022 and is projected to reach a revenue of USD 64.8 million in 2023 owing to increasing demand for electrical and electronics, empowering the onset of electric vehicles, autonomous robots, and top-secret defense technologies thereby increasing the demand for fluoropolymers in the region.
- Automotive is the fastest-growing sector in the region by revenue with a CAGR of 9.28% due to increasing applications of fluoropolymers for plastic composites in automotive production, which are expected to increase at a CAGR of 2.08% by volume during the forecast period.
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France to dominate the market in the coming years
- Fluoropolymers are used in Europe in countries such as Germany, Italy, and France for various industries, including automotive, aerospace, industrial and machinery, and many others. Europe accounted for 18% by value of the global consumption of fluoropolymer resins in 2022.
- Germany is the largest consumer of fluoropolymer resin in the region, owing to its growing aerospace, automotive, industrial, and machinery sectors. Aircraft components and vehicle production held a share of around 16.9% by revenue and 20.1% by volume at the regional level in 2021. The rising automotive, industrial, and machinery production due to an increase in climate-conscious policies is expected to drive the demand for fluoropolymer resins in the country.
- Italy's demand for fluoropolymer resin is increasing significantly due to rising vehicle production and industrial machinery. Italy is European Union's fifth-largest vehicle producer. In 2022, the country produced 1,083,800 units, which has a share of 6.1% of the region. The country's industrial machinery market is also expanding. The revenue from manufacturing machinery and equipment in Italy is projected to amount to approximately USD 33.40 billion by 2025. These factors are expected to drive the demand for fluoropolymer resins in the country.
- France is the fastest-growing country in terms of fluoropolymer resin consumption, registering a CAGR of 7.72% by revenue during the forecast period. The rise in vehicle production coupled with increasing demand for electric and hybrid vehicles is expected to increase the demand for fluoropolymer resins in the country.
Europe Fluoropolymer Market Trends
Technological innovations to boost the consumer electronics market
- Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
- Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
- In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.
- Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Demand for commercial and military aircraft to drive the component production growth
- EU government policies and initiatives to augment the construction industry
- Germany to dominate the fluoropolymer resin imports and exports in the region
- Electric vehicles to foster the growth of automobile production
- E-commerce and flexible packaging to boost the plastic packaging market
Europe Fluoropolymer Industry Overview
The Europe Fluoropolymer Market is fairly consolidated, with the top five companies occupying 92.57%. The major players in this market are 3M, AGC Inc., Arkema, HaloPolymer and Solvay (sorted alphabetically).
Europe Fluoropolymer Market Leaders
3M
AGC Inc.
Arkema
HaloPolymer
Solvay
Other important companies include Gujarat Fluorochemicals Limited (GFL), Kureha Corporation, The Chemours Company.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Fluoropolymer Market News
- October 2022: AGC Inc. introduced Fluon+ Composites functionalized fluoropolymers that improve the performance of carbon fiber-reinforced thermoplastic (CFRP and CFRTP) composites used in automobiles, aircraft, sports products, and printed circuit boards.
- February 2022: Solvay announced the product expansion of Solef, a PVDF resin brand with the largest production site in Europe.
- January 2022: Arkema announced its plans to increase its Kynar fluoropolymer capacity at its Pierre-Bénite site in France by 50% to meet the rapidly growing demand for lithium-ion battery materials.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Europe Fluoropolymer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
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4.2 Import And Export Trends
- 4.2.1 Fluoropolymer Trade
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4.3 Regulatory Framework
- 4.3.1 EU
- 4.3.2 France
- 4.3.3 Germany
- 4.3.4 Italy
- 4.3.5 Russia
- 4.3.6 United Kingdom
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Electrical and Electronics
- 5.1.5 Industrial and Machinery
- 5.1.6 Packaging
- 5.1.7 Other End-user Industries
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5.2 Sub Resin Type
- 5.2.1 Ethylenetetrafluoroethylene (ETFE)
- 5.2.2 Fluorinated Ethylene-propylene (FEP)
- 5.2.3 Polytetrafluoroethylene (PTFE)
- 5.2.4 Polyvinylfluoride (PVF)
- 5.2.5 Polyvinylidene Fluoride (PVDF)
- 5.2.6 Other Sub Resin Types
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5.3 Country
- 5.3.1 France
- 5.3.2 Germany
- 5.3.3 Italy
- 5.3.4 Russia
- 5.3.5 United Kingdom
- 5.3.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 AGC Inc.
- 6.4.3 Arkema
- 6.4.4 Gujarat Fluorochemicals Limited (GFL)
- 6.4.5 HaloPolymer
- 6.4.6 Kureha Corporation
- 6.4.7 Solvay
- 6.4.8 The Chemours Company
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, EUROPE, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 8:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 9:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 10:
- VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 11:
- VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 13:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 14:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 15:
- VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 16:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 17:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 18:
- VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 20:
- VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 21:
- VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 22:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 23:
- VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 24:
- VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 25:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 26:
- VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 27:
- VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 29:
- VOLUME OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 30:
- VALUE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 32:
- VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 33:
- VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 34:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 35:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 36:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 38:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 39:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 40:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 41:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 42:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 43:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 44:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 45:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 46:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 47:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 48:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 49:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 51:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 52:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 53:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 54:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 55:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 56:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 57:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 58:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 59:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 60:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 61:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 62:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 63:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 64:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 65:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 66:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 67:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 68:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, ITALY, 2017 - 2029
- Figure 69:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 70:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 71:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 72:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 73:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 74:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 75:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 76:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 77:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 78:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 79:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 80:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 81:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, EUROPE, 2022
Europe Fluoropolymer Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Ethylenetetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinylfluoride (PVF), Polyvinylidene Fluoride (PVDF) are covered as segments by Sub Resin Type. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.
- Fluoropolymers have applications ranging from oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceutical applications. The industrial and machinery sector accounted for around 57.0% of the revenue of the European fluoropolymer market in 2022.
- Industrial and machinery is the largest sector in Europe. For instance, the sold industrial production value reached EUR 5,209 billion in 2021, an increase of almost 14% compared to EUR 4,581 billion in 2020, owing to the increasing demand for chemical processing equipment, pumps, engines, and others, thereby increasing the demand for fluoropolymers in the region.
- Automotive is the second largest sector, with 17% of the European fluoropolymer market in 2022. It is dominated by Germany, Italy, and the United Kingdom, thereby increasing the demand for fluoropolymers. The sector contributed 7% to the overall GDP and is expected to increase as it is central to the European Union's economy.
- The electrical and electronics is the third-largest sector in the region and had a share of 10% of the European fluoropolymer market by revenue in 2022 and is projected to reach a revenue of USD 64.8 million in 2023 owing to increasing demand for electrical and electronics, empowering the onset of electric vehicles, autonomous robots, and top-secret defense technologies thereby increasing the demand for fluoropolymers in the region.
- Automotive is the fastest-growing sector in the region by revenue with a CAGR of 9.28% due to increasing applications of fluoropolymers for plastic composites in automotive production, which are expected to increase at a CAGR of 2.08% by volume during the forecast period.
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Packaging | |
| Other End-user Industries | |
| Sub Resin Type | Ethylenetetrafluoroethylene (ETFE) |
| Fluorinated Ethylene-propylene (FEP) | |
| Polytetrafluoroethylene (PTFE) | |
| Polyvinylfluoride (PVF) | |
| Polyvinylidene Fluoride (PVDF) | |
| Other Sub Resin Types | |
| Country | France |
| Germany | |
| Italy | |
| Russia | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the fluoropolymers market.
- Resin - Under the scope of the study, virgin fluoropolymer resins like Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylfluoride, Fluorinated Ethylene-propylene, Ethylenetetrafluoroethylene, etc. in the primary forms are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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