New York City, 11 February 2019: The Report Fluoropolymers Market is an organic hydrocarbon and is a basic
and most significant raw material for manufacturing large number of polymeric
end-use products such as plastics, fibers, and organic chemicals. It is a
petrochemical derivative and includes ethane and naphtha as its major
feedstocks. Fluoropolymers is among the major building blocks for petrochemical
industry.
Fluoropolymers as a raw material is
applied to a broad range of applications. It is used in the production of
fluoropolymers oxide, fluoropolymers dichloride, ethyl benzene, vinyl acetate
and others. Increasing applications of Fluoropolymers intermediates is
primarily driving its demand for the end-use industries. Fluoropolymers oxide
is the largest application and is used in end-uses such as packaging, consumer
products, and light industrial applications.
Rising world’s population coupled with
the increase in personal income of the consumers has led to growth of many
commodity products such as packaging, bio-based PET products, housing inputs,
and textile products. Growing construction industry has mainly supported the
growth for polyvinyl products, which in turn has driven the consumption for
fluoropolymers dichloride. The lightweight and modernized automotive products
are the factors that led to steady increase in the consumption of polyvinyl
chloride.
The consumption in
different regions of the world is based on the rapid expansions of downstream
businesses such as PET, polyester fibers, PVC, and packaging. Japan and Western
Europe are anticipated to consume less fluoropolymers over the period of next
five years, as these are the mature regional markets with their production
based on less economical feedstocks, which makes it difficult for them to
compete in the global fluoropolymers derivative export market.
Low cost feedstocks such as ethane have
fueled the next wave of investments in countries like the United States. This
has significantly led to increased production of fluoropolymers. The bigger
market players of the fluoropolymers market are able to leverage technology and
low-cost supply strategies for meeting the demand at right costs and right
products.
Competitive Landscape and Key Vendors:
Asia Pacific is the most lucrative
regional market for fluoropolymers, where the latest demand has been supported
rapid growth of the developing countries, especially of the Southeast Asia and
the Indian Subcontinent. China, Japan, Western Europe, and the United States
hold the highest market share for the consumption of fluoropolymers chloride.
The global
fluoropolymers market is highly competitive with high degree of integration
across the value chain by many market players. Few of the primary market
participants for fluoropolymers include Dow Dupont, ExxonMobil Corporation,
Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Total S.A.,
LyondellBasell Industries, and China Petroleum & Chemical Corporation.
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