Please Wait.....
Report
Europe Fluoropolymer - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029
Market Report I 2023-06-08 I 189 Pages I Mordor Intelligence
The Europe Fluoropolymer Market size is estimated at USD 661.52 million in 2024, and is expected to reach USD 854.48 million by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).
The industrial and machinery sector to remain as the largest end user of fluoropolymers
- Fluoropolymers have applications ranging from oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceutical applications. The industrial and machinery sector accounted for around 57.0% of the revenue of the European fluoropolymer market in 2022.
- Industrial and machinery is the largest sector in Europe. For instance, the sold industrial production value reached EUR 5,209 billion in 2021, an increase of almost 14% compared to EUR 4,581 billion in 2020, owing to the increasing demand for chemical processing equipment, pumps, engines, and others, thereby increasing the demand for fluoropolymers in the region.
- Automotive is the second largest sector, with 17% of the European fluoropolymer market in 2022. It is dominated by Germany, Italy, and the United Kingdom, thereby increasing the demand for fluoropolymers. The sector contributed 7% to the overall GDP and is expected to increase as it is central to the European Union's economy.
- The electrical and electronics is the third-largest sector in the region and had a share of 10% of the European fluoropolymer market by revenue in 2022 and is projected to reach a revenue of USD 64.8 million in 2023 owing to increasing demand for electrical and electronics, empowering the onset of electric vehicles, autonomous robots, and top-secret defense technologies thereby increasing the demand for fluoropolymers in the region.
- Automotive is the fastest-growing sector in the region by revenue with a CAGR of 9.28% due to increasing applications of fluoropolymers for plastic composites in automotive production, which are expected to increase at a CAGR of 2.08% by volume during the forecast period.
France to dominate the market in the coming years
- Fluoropolymers are used in Europe in countries such as Germany, Italy, and France for various industries, including automotive, aerospace, industrial and machinery, and many others. Europe accounted for 18% by value of the global consumption of fluoropolymer resins in 2022.
- Germany is the largest consumer of fluoropolymer resin in the region, owing to its growing aerospace, automotive, industrial, and machinery sectors. Aircraft components and vehicle production held a share of around 16.9% by revenue and 20.1% by volume at the regional level in 2021. The rising automotive, industrial, and machinery production due to an increase in climate-conscious policies is expected to drive the demand for fluoropolymer resins in the country.
- Italy's demand for fluoropolymer resin is increasing significantly due to rising vehicle production and industrial machinery. Italy is European Union's fifth-largest vehicle producer. In 2022, the country produced 1,083,800 units, which has a share of 6.1% of the region. The country's industrial machinery market is also expanding. The revenue from manufacturing machinery and equipment in Italy is projected to amount to approximately USD 33.40 billion by 2025. These factors are expected to drive the demand for fluoropolymer resins in the country.
- France is the fastest-growing country in terms of fluoropolymer resin consumption, registering a CAGR of 7.72% by revenue during the forecast period. The rise in vehicle production coupled with increasing demand for electric and hybrid vehicles is expected to increase the demand for fluoropolymer resins in the country.
Europe Fluoropolymer Market Trends
Technological innovations to boost the consumer electronics market
- Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
- Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
- In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.?
- Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
Europe Fluoropolymer Industry Overview
The Europe Fluoropolymer Market is fairly consolidated, with the top five companies occupying 92.57%. The major players in this market are 3M, AGC Inc., Arkema, HaloPolymer and Solvay (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 End User Trends
4.1.1 Aerospace
4.1.2 Automotive
4.1.3 Building and Construction
4.1.4 Electrical and Electronics
4.1.5 Packaging
4.2 Import And Export Trends
4.2.1 Fluoropolymer Trade
4.3 Regulatory Framework
4.3.1 EU
4.3.2 France
4.3.3 Germany
4.3.4 Italy
4.3.5 Russia
4.3.6 United Kingdom
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 End User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building and Construction
5.1.4 Electrical and Electronics
5.1.5 Industrial and Machinery
5.1.6 Packaging
5.1.7 Other End-user Industries
5.2 Sub Resin Type
5.2.1 Ethylenetetrafluoroethylene (ETFE)
5.2.2 Fluorinated Ethylene-propylene (FEP)
5.2.3 Polytetrafluoroethylene (PTFE)
5.2.4 Polyvinylfluoride (PVF)
5.2.5 Polyvinylidene Fluoride (PVDF)
5.2.6 Other Sub Resin Types
5.3 Country
5.3.1 France
5.3.2 Germany
5.3.3 Italy
5.3.4 Russia
5.3.5 United Kingdom
5.3.6 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
6.4.1 3M
6.4.2 AGC Inc.
6.4.3 Arkema
6.4.4 Gujarat Fluorochemicals Limited (GFL)
6.4.5 HaloPolymer
6.4.6 Kureha Corporation
6.4.7 Solvay
6.4.8 The Chemours Company
7 KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework (Industry Attractiveness Analysis)
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security