North America Fluoropolymer Market Size

The North America Fluoropolymer Market is projected to experience significant growth, driven by its extensive applications across various sectors such as automotive, electrical and electronics, and industrial machinery. The market's expansion is particularly notable in the automotive industry, which is the largest consumer in the region, followed by the electrical and electronics sector, especially in the United States. The United States and Mexico are key players in the market, with the former leading in aerospace and automotive applications, while Mexico shows substantial growth in automotive and electronics industries. Canada also contributes to the market size with its increasing industrial machinery production.

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Market Size of north america fluoropolymer Industry

North America Fluoropolymer Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.09 Billion
svg icon Market Size (2029) USD 1.63 Billion
svg icon Largest Share by End User Industry Industrial and Machinery
svg icon CAGR (2024 - 2029) 8.28 %
svg icon Largest Share by Country United States

Major Players

North America Fluoropolymer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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.
North America Fluoropolymer Market

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 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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North America Fluoropolymer Market Size Summary

The North America fluoropolymer market is experiencing significant growth, driven by its extensive applications across various industries such as automotive, electrical and electronics, industrial machinery, and aerospace. The automotive sector stands out as the largest consumer of fluoropolymers in the region, with the demand fueled by the increasing production of vehicles and the rise of electric and autonomous vehicles. The electrical and electronics industry, particularly in the United States, follows closely, benefiting from advancements in technology and the growing need for sophisticated electronic components. The industrial machinery sector also contributes to the market's expansion, with a notable demand for chemical processing equipment and related products. The market is characterized by a high level of consolidation, with major players like Arkema, Daikin Industries, Ltd., DuPont, Solvay, and The Chemours Company dominating the landscape.

The United States and Mexico are key players in the North American fluoropolymer market, with the United States leading in automotive, aerospace, and industrial machinery applications. Mexico's market presence is bolstered by its burgeoning automotive and electronics industries. Canada also plays a significant role, particularly in industrial machinery production. The region's market is poised for continued growth, supported by innovations in technology and the increasing demand for consumer electronics. Despite challenges such as the COVID-19 pandemic, which temporarily impacted production and sales, the market has shown resilience and is expected to expand further, with strategic partnerships and investments enhancing production capabilities and product offerings.

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North America Fluoropolymer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Sub Resin Type

      1. 1.2.1 Ethylenetetrafluoroethylene (ETFE)

      2. 1.2.2 Fluorinated Ethylene-propylene (FEP)

      3. 1.2.3 Polytetrafluoroethylene (PTFE)

      4. 1.2.4 Polyvinylfluoride (PVF)

      5. 1.2.5 Polyvinylidene Fluoride (PVDF)

      6. 1.2.6 Other Sub Resin Types

    3. 1.3 Country

      1. 1.3.1 Canada

      2. 1.3.2 Mexico

      3. 1.3.3 United States

North America Fluoropolymer Market Size FAQs

The North America Fluoropolymer Market size is expected to reach USD 1.09 billion in 2024 and grow at a CAGR of 8.28% to reach USD 1.63 billion by 2029.

In 2024, the North America Fluoropolymer Market size is expected to reach USD 1.09 billion.

North America Fluoropolymer Market Report Snapshots

North America Fluoropolymer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029