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Fluoropolymers Market worth $8,816.4 Million by 2019
The report "Fluoropolymer Market by Type (PTFE, PVDF, FEP, and Fluoroelastomers), by Application (Automotive & Transportation, Electrical & Electronics, Chemical Processing, and Industrial Equipment) - Global Industry Trends & Forecasts to 2019", defines and segments the global fluoropolymers market with analysis and forecasting of volume consumed and value generated. The fluoropolymers consumption is projected to grow from 294.6 KT in 2014 to 380.2 KT by 2019, at a CAGR of 5.2% during the same period.
Browse 89 market data tables and 59 figures spread through 145 pages and in-depth TOC on “Fluoropolymer Market by Type (PTFE, PVDF, FEP, and Fluoroelastomers), by Application (Automotive & Transportation, Electrical & Electronics, Chemical Processing, and Industrial Equipment) - Global Industry Trends & Forecasts to 2019"
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The global fluoropolymers market in terms of revenue is projected to reach $8,816.4 million by 2019, at a CAGR of 6.2% during the period under study. The report also defines driving and restraining factors for the global fluoropolymers market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing key end-user industries, Strong demand for fluoropolymers in Asia-Pacific. It is experiencing vast growth, in Asia-Pacific region, due to the increased demand of fluoropolymers in automotive & transportation as well as electrical & electronics sectors.
The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional fluoropolymers market is further segmented on the basis of major applications.
“Asia-Pacific: The Biggest Market of Fluoropolymers”
The Asia-Pacific region is the world’s largest market for fluoropolymers in 2013. China is the key consumer of fluoropolymers in Asia-Pacific. Various mergers & acquisitions, and expansions in fluoropolymers industry have in turn made the region a potential growth sector for the market.
Expansion and new product development are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are introducing novel products into the market by new product development.
The report forecasts the value of the global fluoropolymers market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global fluoropolymers market by their types and their end use applications.
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