Fluoropolymer Market Is Expected To Reach $ 17.9 Billion By 2030:
San Francisco, 19 Sep 2024: The Report Fluoropolymer Market Size, Share & Trends Analysis By Product (PTFE, PVDF, FEP), By Application (Automotive, Electrical & Electronics, Construction, Industrial Equipment), By Region, And Segment Forecasts, 2024 - 2030 The global fluoropolymer market size is expected to reach USD 17.9 billion by 2030, registering to grow at a CAGR of 9.0% from 2024 to 2030 according to a new report by Grand View Research, Inc. High tensile strength and excellent insulation properties have driven fluoropolymer penetration in electronics, automotive and construction applications. Positive outlook on these end-use industries is expected to be one of the primary growth factors over the forecast period. Increasing government spending on infrastructure in China, India and the Middle East is expected to drive architectural coatings demand. Fluoropolymer coatings exhibit protection against corrosion & chemicals and high temperature tolerance, which makes t