North America Fluoropolymer Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.09 Billion |
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Market Size (2029) | USD 1.63 Billion |
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Largest Share by End User Industry | Industrial and Machinery |
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CAGR (2024 - 2029) | 8.28 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Fluoropolymer Market Analysis
The North America Fluoropolymer Market size is estimated at 1.09 billion USD in 2024, and is expected to reach 1.63 billion USD by 2029, growing at a CAGR of 8.28% during the forecast period (2024-2029).
1.09 Billion
Market Size in 2024 (USD)
1.63 Billion
Market Size in 2029 (USD)
5.90 %
CAGR (2017-2023)
8.28 %
CAGR (2024-2029)
Largest Market by End-user Industry
29.50 %
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
10.69 %
Projected CAGR, Electrical and Electronics, 2024-2029
Owing to the emerging applications of fluoropolymer in electronic goods, the industry is projected to witness the fastest growth.
Largest Market by Sub Resin Type
40 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high consumption in the food and beverage, construction, and chemical processing and manufacturing industries, PTFE resin has dominated the market.
Largest Market by Country
88.77 %
value share, United States, 2023
Due to the largest industrial and machinery production and a considerable share of about 9% in the global machine tools industry, the United States occupied the largest market for fluoropolymers in the region.
Leading Market Player
51.28 %
market share, The Chemours Company, 2022
The Chemours Company is the market leader in North America due to its large fluoropolymer production capacity of 46.2 kilotons and well-established distribution network.
Growing demand from electrical and electronics on account of increasing investments may boost market demand
- Fluoropolymers have a wide range of applications that span from oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, and aerospace to the pharmaceutical sector. The North American fluoropolymer market is dominated by the industrial machinery, electrical and electronics, and automotive industries.
- The automotive industry is the largest consumer of fluoropolymers in the region, accounting for 16.75% of the overall global production in 2022.
- The electrical and electronics industry is the second-largest consumer in terms of volume in the region, particularly in the United States. This growth is due to the increasing demand for electrical and electronic components brought on by the advent of electric vehicles, autonomous robots, top-secret defense technologies, etc. The electrical and electronics industry in the United States accounted for 95.0% of the total regional revenue in 2022.
- The industrial machinery industry is the third-largest consumer of fluoropolymers in the region. For instance, the industry in the United States held a 9% share of the overall global machine tools production in 2021, attributed to the increasing demand for chemical processing equipment, pumps, and others, thereby escalating the demand for fluoropolymers in the region.
- The automotive industry is the fastest-growing in the region for fluoropolymer consumption. It is expected to record a CAGR of 11.07% in value terms during the forecast period, attributed to the growing vehicle production in the region, which is projected to reach 18.0 million units in 2029, up from 15.0 million units in 2023.
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The United States is expected to dominate the North American market growth on account of growing end-user industries' demand for fluoropolymers
- Fluoropolymers are used in the North American region for increasing applications such as coatings and liners for industrial machinery and automotive. The United States and Mexico dominate the North American fluoropolymers market. The North American fluoropolymers market accounted for around 28.4%, by value, of the global fluoropolymers market in 2022.
- The United States dominates the North American fluoropolymer market with significant aerospace, automotive, and industrial machinery applications. With a share of 66% of overall North American automobile production, the country dominates the fluoropolymer market in the automobile industry.
- Mexico is the second-largest consumer in the North American fluoropolymer market due to the significant rise of the automotive, electronics, and industrial machinery industries. For instance, in 2022, the country had a share of 26% of automobile production in the region. The country's electrical and electronics production had a revenue share of 7.6% in the region, with a value of USD 43 billion in 2022.
- Canada is the third-largest consumer in the North American fluoropolymer market due to the steady rise in industrial machinery production. For instance, machinery exports in Canada increased from 73.1 million in 2020 to 73.7 million in 2021, an increase of 0.82% by value.
- The United States is expected to be the fastest-growing country in the regional market with a CAGR of 8.75%, by revenue, during the forecast period due to rapid development in the automotive, aerospace, machinery, and technology industries through innovation.
North America Fluoropolymer Market Trends
Strong growth of technological innovations to augment the overall growth of the industry
- Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
- Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
- In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
- By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market. The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing investments in the civil aviation and defense sectors to drive the industry
- Strong growth in residential construction to drive the industry
- United States to remain as the cornerstone of the regional fluoropolymer trade
- Government initiatives for electric vehicles to support the automotive production
- Evolving lifestyle to increase the plastic packaging applications
North America Fluoropolymer Industry Overview
The North America Fluoropolymer Market is fairly consolidated, with the top five companies occupying 93.01%. The major players in this market are Arkema, Daikin Industries, Ltd., DuPont, Solvay and The Chemours Company (sorted alphabetically).
North America Fluoropolymer Market Leaders
Arkema
Daikin Industries, Ltd.
DuPont
Solvay
The Chemours Company
Other important companies include 3M, AGC Inc., Gujarat Fluorochemicals Limited (GFL), Kureha Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Fluoropolymer Market News
- November 2022: Solvay and Orbia announced a framework agreement to form a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials, resulting in the largest capacity in North America.
- 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.
- July 2022: Daikin Industries Ltd. invested in a US-based start-up company, TeraWatt Technology, to develop applications and further enhance battery technologies for lithium-ion batteries.
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.
North America 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 Canada
- 4.3.2 Mexico
- 4.3.3 United States
- 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 Canada
- 5.3.2 Mexico
- 5.3.3 United States
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 Daikin Industries, Ltd.
- 6.4.5 DuPont
- 6.4.6 Gujarat Fluorochemicals Limited (GFL)
- 6.4.7 Kureha Corporation
- 6.4.8 Solvay
- 6.4.9 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, NORTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, NORTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, NORTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, NORTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, NORTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 8:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 13:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 14:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 17:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 20:
- VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 23:
- VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 26:
- VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 29:
- VOLUME OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN PACKAGING INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 32:
- VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 35:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 38:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 39:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 42:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 45:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 48:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 51:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 54:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 57:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 59:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 60:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 61:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, CANADA, 2017 - 2029
- Figure 62:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, CANADA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
- Figure 64:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, MEXICO, 2017 - 2029
- Figure 65:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, MEXICO, 2017 - 2029
- Figure 66:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
- Figure 67:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED STATES, 2017 - 2029
- Figure 68:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED STATES, 2017 - 2029
- Figure 69:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
- Figure 70:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2019 - 2021
- Figure 71:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2021
- Figure 72:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America 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. Canada, Mexico, United States are covered as segments by Country.
- Fluoropolymers have a wide range of applications that span from oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, and aerospace to the pharmaceutical sector. The North American fluoropolymer market is dominated by the industrial machinery, electrical and electronics, and automotive industries.
- The automotive industry is the largest consumer of fluoropolymers in the region, accounting for 16.75% of the overall global production in 2022.
- The electrical and electronics industry is the second-largest consumer in terms of volume in the region, particularly in the United States. This growth is due to the increasing demand for electrical and electronic components brought on by the advent of electric vehicles, autonomous robots, top-secret defense technologies, etc. The electrical and electronics industry in the United States accounted for 95.0% of the total regional revenue in 2022.
- The industrial machinery industry is the third-largest consumer of fluoropolymers in the region. For instance, the industry in the United States held a 9% share of the overall global machine tools production in 2021, attributed to the increasing demand for chemical processing equipment, pumps, and others, thereby escalating the demand for fluoropolymers in the region.
- The automotive industry is the fastest-growing in the region for fluoropolymer consumption. It is expected to record a CAGR of 11.07% in value terms during the forecast period, attributed to the growing vehicle production in the region, which is projected to reach 18.0 million units in 2029, up from 15.0 million units in 2023.
| 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 | Canada |
| Mexico | |
| United States |
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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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