Demand for Melt-proccessable Fluoropolymers such as PVDF to Drive Global Fluoropolymers Market to reach 402k MTs by 2022
Industry Experts published the new comprehensive market research report on Fluoropolymers. The new report titled ‘ Global Fluoropolymers Market – Products, Technologies and Applications ’, reveals that the chemical processing sector is estimated to be the largest consumer of fluoropolymers with 77k metrics tons in 2016 and projected to consume 106k metric tons by 2022 by growing at a CAGR of 5.6% during 2016-2022, while electrical & electronics is projected to be the fastest growing sector during the same period. PVDF is projected to be the fastest growing fluoropolymer overall owing to the demand from electrical & electronics sector where it is projected to grow by a CAGR of 9% and reaching 13k metrics tons by 2022. Fluoropolymers’ exceptional properties, such as outstanding chemical resistance, weather stability, low surface energy, low coefficient of friction, and low dielectric constant, have attributed to their widespread usage in sectors such as chemical processing, ele