The Asia Pacific region Fluoropolymers Market also provides an extensive range of manufacture including India, Japan, and China based key players such as DAIKIN INDUSTRIES, Ltd. (Japan), KUREHA CORPORATION (Japan), Shanghai 3F New Materials (China), and others.
In Asia Pacific, the market is dominated by fluoropolymer manufacturers especially, situated in Japan, China, and India. Many Chinese fluoropolymer manufacturers have foreign partners. The company Shanghai 3F New Materials (China), has operated a fluorochemicals joint venture with DuPont for several years and is now working with Solvay to set up another production venture. Shanghai 3F New Materials, has signed an agreement of committed with DuPont China to start a joint venture in 2012 to produce produce polytretrafluoroethylene and perfluorinated ethylene propylene fluoropolyme resins. This partnership is also predictable to take a technological invention to the Chinese fluoropolymer industry.
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It is analyzed that the APAC region is the world’s prime market for Fluoropolymers in 2016. Whereas China is the key consumer country of Fluoropolymers in Asia-Pacific region due to the growing end user industries such as automotive, aerospace, and electrical industry. In addition, it is expected huge in consumption of Fluoropolymers, in Asia-Pacific region, due to the increased demand in vatious applications such as coatings, paint, tubing, additive, film solutions, and others (resin, etc.). Moreover, APAC region is anticipated to lead the market during the forecast period due to the high obtainability of Fluoropolymer raw materials and the growing industrial applications in due to high consumption in China, Japan, India, and South Korea like countries. The availability of raw materials such as ethylene, fluorocarbon, and fluorspar, at cheap rates and the availability of cheap labor cost, as well as land, have made this region a most focusing destination for Fluoropolymers producing. Fluoropolymers are is the most adaptable polymers and which is used in numerous industries. Basically, Fluoropolymers is highly used in automobiles, chemical industries, electrical & electronics, and construction industries. Some other industrial applications of Fluoropolymers include gaskets, automotive coatings, bushing, non-stick surfaces, space apparel, electrical insulation, seals, control cables, wire & cables, tank & reactor linings, , valves, fiber optic cables, fluid handling equipment, etc which are highly required in various industrial process. The growth of Asia Pacific Fluoropolymer Market is driven by the large rising demand of Fluoropolymer in construction and electrical segment, existence of manufacturers, and expansion of application market. The Asia Pacific region Fluoropolymers Market is also segmented on the basis of type, such as PTFE, PVDF, FEP, PFA, THV, PEEK, and others (CTFE, HFP, PDD, etc.). Among all the types PTFE Fluoropolymers valued to the largest segment, of the Asia-Pacific Fluoropolymers Market in 2016.
Whereas, North America hold second position for Global Fluoropolymers Market followed by Europe region. Moreover, Middle East, Latin America and South Africa is an emerging region for Fluoropolymers Market. In addition the Global Fluoropolymers Markets is expected to witness a significant growth of USD ~ 10901.25 million by 2023 with CAGR of ~5.4% between 2016 and 2023 due to increasing consumption of Fluoropolymers in various industries such as automotive, aerospace, electronics, pharmaceutical, household, construction, and other industries.
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The Global Fluoropolymers Market is majorly segmented on the basis of types, application, end users and region. Based on types of Fluoropolymers the market is segmented into PTFE, PVDF, FEP, PFA, THV, PEEK, and others (CTFE, HFP, PDD, etc.). Furthermore, based on application of Fluoropolymers the market is segmented into as coatings, paint, tubing, additive, film solutions, and others (resin, etc.). On the other hand, based on end user the market segmented into automotive, aerospace, electronics, pharmaceutical, household, construction, and other industries, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
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