South America Fluoropolymer Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 55.01 Million |
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Market Size (2029) | USD 80.37 Million |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2029) | 7.88 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Fluoropolymer Market Analysis
The South America Fluoropolymer Market size is estimated at 55.01 million USD in 2024, and is expected to reach 80.37 million USD by 2029, growing at a CAGR of 7.88% during the forecast period (2024-2029).
55.01 Million
Market Size in 2024 (USD)
80.37 Million
Market Size in 2029 (USD)
5.60 %
CAGR (2017-2023)
7.88 %
CAGR (2024-2029)
Largest Market by End-user Industry
38.86 %
value share, Automotive, 2023
Automotive is the largest end-user industry segment owing to its rising usage of fluoropolymers for their superior characteristics, such as being lightweight and having high impact resistance.
Fastest Growing Market by End-user Industry
8.75 %
Projected CAGR, Automotive, 2024-2029
Fluoropolymer coatings and components such as fuel tubes and hoses help improve engine efficiency and battery functions , which is projected to witness the fastest growth over the forecast period.
Largest Market by Sub Resin Type
43.53 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE held the largest share of the market.
Largest Market by Country
67.29 %
value share, Brazil, 2023
Owing to the increased consumption of fluoropolymer in the automotive industry, which was the dominant end-user segment with a 67% share in the region, Brazil emerged as the largest consumer of fluoropolymer.
Leading Market Player
31.30 %
market share, Arkema, 2022
Arkema is the dominant market player owing to its well-established sales and distribution networks in the region, which contribute significantly to its sales.
The automotive industry in Argentina to dominate the market for fluoropolymers
- Fluoropolymers find applications in a range of end-user industries due to their versatile and tough nature. In 2022, the increase in industrial applications made fluoropolymers an increasingly commercial material. Common fluoropolymer applications are cookware, wires, semiconductors, medical devices, roofing materials, and waterproof films.
- During the 2017-19 period, the demand for fluoropolymers witnessed steady growth, which was majorly driven by the increase in electrical and electronics products in the region. In 2020, due to various operational, travel, and trade restrictions, because of the pandemic, the demand for fluoropolymers witnessed a Y-o-Y decline of 17.88%. Among all end-user industries, the demand from the automotive and industrial machinery industries took the worst hit, declining by 32.66% and 28.41% of their 2019 revenue. As the restrictions eased, the demand for fluoropolymers increased to pre-pandemic levels. This growth was majorly driven by Argentina.
- The increasing applications of fluoropolymers are due to their ability to resist high and low temperatures and severe corrosive environments, and most chemicals are expected to drive the growth in the demand for fluoropolymers. Among all end users in South America, the automotive industry in Argentina is expected to witness the highest growth, with a CAGR of 10.65% in volume terms during the forecast period. The regional demand for fluoropolymers is expected to register CAGRs of 6.21% and 7.95% in volume and value terms, respectively, during the forecast period.
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Argentina to exhibit high growth, aided by fast-paced automobile industry
- South America ranks fourth in the consumption of fluoropolymers globally, and it occupied a share of just 1.43%, by volume, in 2022. In South America, fluoropolymers find a range of applications in the electrical and electronics, automotive, and healthcare device manufacturing industries.
- During the forecast period, the demand for fluoropolymers is expected to witness steady growth, registering a CAGR of 6.19%, mainly driven by the rapid growth in the electrical and electronics industry in countries like Argentina. Among all sub-resin types in all countries in the region, the demand for fluorinated ethylene-propylene (FEP) in Argentina witnesses the highest growth. In volume terms, its demand is expected to record a CAGR of 8.40% during the forecast period.
- In 2020, various restraining factors like worker unavailability and raw material shortages, which resulted from operational and trade restrictions during the pandemic, severely affected various end-user industries, negatively affecting the region's fluoropolymer demand. Among all countries, Brazil's fluoropolymer demand received the biggest impact. In 2020, the country's Y-o-Y demand volume declined by 13.20%, whereas the regional Y-o-Y decline was 10.18%.
- In 2021, as the restrictions eased, fluoropolymer demand outgrew its pre-pandemic levels. This growth was majorly driven by the rapid growth in automotive production in countries like Argentina. This growth trend is expected to continue throughout the forecast period, with Argentina witnessing the highest growth in fluoropolymer demand among all countries. Overall, fluoropolymer demand from South America is expected to grow, recording a CAGR of 7.93% in revenue terms during the forecast period.
South America Fluoropolymer Market Trends
Rapid pace of technological innovations to boost the industry growth
- In South America, Brazil held the major share of nearly 40% of the region's electrical and electronics production revenue in 2017. In 2017, Brazilian electronics products had a penetration of nearly 20% in the e-commerce sector. The advancement of technology in the region increased the demand for consumer electronics products, such as smart TVs, smart refrigerators, smart air conditioners, and other electrical and electronic products. South American electrical and electronics production revenue witnessed a CAGR of over 6.16% between 2017 and 2019.
- In 2020, with the rise in demand for consumer electronics for remote working and home entertainment due to the pandemic, the production of electrical and electronic products in the region increased at a growth rate of 1.1% by revenue compared to the previous year. Rising disposable income, increased demand for luxury products, technological advancements, and improvement in living standards are some of the major factors driving the electrical and electronics market's growth. As a result, in the region, electrical and electronics production also increased at a rate of 14.9% by revenue in 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 the production of electrical and electronics in the region. The penetration of multinational companies, like LG, Samsung, Microsoft, Panasonic, Dell, Intel, Toshiba, Sony, Philips, Sharp, Apple, and Lenovo, also positively affects the electrical and electronics market. All such factors are expected to fuel the production revenue of electrical and electronics in the region during the forecast period at a rate of around 7%.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing agreements and partnerships to boost the growth
- Government reforms and increasing infrastructure investments to aid the industry growth
- Brazil to remain the top importer of fluoropolymer resin in the coming years
- Fast paced growth of electric vehicle sales to augment the industry
- Food packaging to drive the plastic packaging demand
South America Fluoropolymer Industry Overview
The South America Fluoropolymer Market is fairly consolidated, with the top five companies occupying 79.37%. The major players in this market are 3M, AGC Inc., Arkema, Solvay and The Chemours Company (sorted alphabetically).
South America Fluoropolymer Market Leaders
3M
AGC Inc.
Arkema
Solvay
The Chemours Company
Other important companies include Dongyue Group, Gujarat Fluorochemicals Limited (GFL).
*Disclaimer: Major Players sorted in alphabetical order.
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South America Fluoropolymer Market News
- June 2021: Arkema launched new sustainable Kynar PVDF grades for lithium-ion batteries that claim to be made of 100% renewable attributed carbon derived from crude tall oil bio-feedstock.
- May 2021: Arkema acquired Agiplast to become the first fully integrated high-performance polymer manufacturer offering both bio-based and recycled materials. The acquisition was aimed at addressing the challenges of resource scarcity and end-of-life products.
- December 2018: The Chemours Company expanded its TEFLON PFA polymer production capacity by 25% to cater to growing demand from the semiconductor industry.
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.
South 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 Argentina
- 4.3.2 Brazil
- 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 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 Argentina
- 5.3.2 Brazil
- 5.3.3 Rest of South America
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 Dongyue Group
- 6.4.5 Gujarat Fluorochemicals Limited (GFL)
- 6.4.6 Solvay
- 6.4.7 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, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 8:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 13:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 14:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 17:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 20:
- VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 23:
- VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 26:
- VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 29:
- VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, SOUTH AMERICA, 2022 VS 2029
- Figure 32:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 34:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 35:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 36:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 39:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 42:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 45:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 48:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 51:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 54:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 56:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 57:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 58:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 59:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 60:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 61:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 62:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 63:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 64:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 66:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 67:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2019 - 2021
- Figure 68:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2019 - 2021
- Figure 69:
- REVENUE SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America Fluoropolymer Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery 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. Argentina, Brazil are covered as segments by Country.
- Fluoropolymers find applications in a range of end-user industries due to their versatile and tough nature. In 2022, the increase in industrial applications made fluoropolymers an increasingly commercial material. Common fluoropolymer applications are cookware, wires, semiconductors, medical devices, roofing materials, and waterproof films.
- During the 2017-19 period, the demand for fluoropolymers witnessed steady growth, which was majorly driven by the increase in electrical and electronics products in the region. In 2020, due to various operational, travel, and trade restrictions, because of the pandemic, the demand for fluoropolymers witnessed a Y-o-Y decline of 17.88%. Among all end-user industries, the demand from the automotive and industrial machinery industries took the worst hit, declining by 32.66% and 28.41% of their 2019 revenue. As the restrictions eased, the demand for fluoropolymers increased to pre-pandemic levels. This growth was majorly driven by Argentina.
- The increasing applications of fluoropolymers are due to their ability to resist high and low temperatures and severe corrosive environments, and most chemicals are expected to drive the growth in the demand for fluoropolymers. Among all end users in South America, the automotive industry in Argentina is expected to witness the highest growth, with a CAGR of 10.65% in volume terms during the forecast period. The regional demand for fluoropolymers is expected to register CAGRs of 6.21% and 7.95% in volume and value terms, respectively, during the forecast period.
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| 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 | Argentina |
| Brazil | |
| Rest of South America |
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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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