Global Fluoropolymers Market 2020 – Impact of COVID-19, Future Growth Analysis and Challenges

The global fluoropolymers market was valued at $7.7 billion in 2019, and is projected to reach $11.7 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Fluoropolymers are high-performance plastics that are widely used at high temperature and in harsh chemical environments. They are widely used across automotive, telecommunications, aerospace, electrical & electronics, and chemical processing applications, owing to their high tensile strength and excellent heat resistance properties. Industrial applications segment accounted for the largest share in the global fluoropolymers market and is expected to remain a dominant application segment throughout the forecast period.