Fluoropolymers Market

Fluoropolymers Market Overview:

The Global Market for Fluoropolymers is anticipated to touch a revenue of USD 9,912.5 Mn by the end of 2023 due to rapid industrialization. The market is anticipated to expand at a flourishing CAGR of 5.34 % during the forecasted period (2018-2023). Fluoropolymers offer properties like mechanical insulation and electrical properties, chemical resistance, stress cracking, thermal resistance, and others and are used for applications like industrial films and coatings. Fluoropolymers are also used in construction, household applications and electrical and electronics.

Fluoropolymers demand is driven significantly due to growing demand from medical device coatings, and electronics. Although medical device and electronics are estimated to be smaller segments of overall market, growth of these market is expected to have significant impact on the global market. The growing demand of semiconductors in smart phone a personal computer is anticipated to further propel the overall market growth in near future.

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