The global fluoropolymers market size was USD 6.95 billion in 2020. The market is projected to grow from USD 7.23 billion in 2021 to USD 10.31 billion in 2028 at a CAGR of 5.2% during the 2021-2028 period.
Fortune Business Insights™ provides this information in its report, titled, “Fluoropolymers Market, 2021-2028.”
According to our researchers, surging applications in construction, medical, electrical & electronics industries, automobiles, and chemical industries due to its elevated chemical and electrical resistance, non-stick, non-toxic, and outstanding ductile forte characteristics are expected to fuel the global fluoropolymers market growth.
The report presents a systematic study of the market segments and a thorough analysis of the market overview. It offers a thoughtful evaluation of the current market trends and future opportunities. Moreover, it presents an exhaustive analysis of the regional insights and how they help form market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners in better understanding the possible threats present in the market. The report discusses the key players and their prominent strategies to stay in the dominating position.
Asia Pacific held the maximum fluoropolymers market shares, and the growth of this region is accredited to the surging demand from pharmaceutical, electrical industries, and construction sectors in this region.