Fluoropolymers Market
By end-user industry , the report bifurcates the market into automotive , industrial processing , electrical and electronics , and others including consumer goods . Among these , industrial processing current produces most of the demand , accounting for 30.2 % shares by volume in 2015 , closely followed by the automotive industry . Increasing usage of surfactants in hair care and skin care application is driving the demand for fluoropolymers in the industrial processing segment while the automotive industry utilizes the useful attributes of fluoropolymers such as mechanical strength , frictional strength , thermal resistance , and chemical properties .
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Geographically , the report studies the opportunities available for fluoropolymers market in the regions of North America , Latin America , Asia Pacific , Europe , and the Middle East and Africa . In 2015 , North America served 32.3 % of the demand and is expected to remain most lucrative region , although Asia Pacific region is projected for an above-average growth rate .
Environmental Concerns Pose Potential Clamp-down Risks Besides the increasing demand for the industrial purposes , the prosperity of automotive industry is quite apparent to be seen on the global fluoropolymers market , wherein it is used to make fuel hoses , firewall seals , hydraulic o-ring seals , valve liners , jet engines clips , fuel tank bladders , and shaft seals among others . However , the volatility of the price of PTFE is obstructing the market from achieving its full potential . China ’ s dominance in the PTFE market may lead to further volatility during the forecast period . Moreover , environmental and health concerns may further hinder the growth rate , as scientists have detected the ill-effects of perfluorochemicals . Although the chemical ’ s effect on human body is yet to be proven , the market is at risk of a potential clamp-down .
According to the author of the report , “ Rapid growth of the construction industry will open new opportunities for the players in the fluoropolymers market . Used to manufacture water-repellent fabrics , architectural fabrics , and anti-corrosive coatings among other applications , the construction industry is thriving in Asia Pacific countries such as India and China , while the U . S . market has also recovered in the recent past .”
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