High Growth & Smooth Sailing of Automotive Fluoropolymers Market, a US$ 1.4 billion Opportunity


The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGR over the next five years and expects the market to cross over of US$ 1.4 billion mark by 2024.

The estimates are a result of market analysis over a period of 2013-18, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Fluoropolymers Market during the period 2019-24.


Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Fluoropolymers Market responds to all the significant inquiries.

Rising global temperature, changing customer requirements, the introduction of stringent government regulations regarding safety and emission reductions, and rising traffic congestion are some of the factors that are compelling all the industries to build more sustainable business environments. The impact of these factors has been the most on the automotive industry with this decade being the most disruptive one with several megatrends collectively transforming the industry. Among many megatrends, the most noticeable ones are autonomous, emission-free mobility, fuel efficiency, sharing, and connected vehicles. Today, almost all the major automakers are putting efforts for the development of vehicles addressing most of these trends.

Among these megatrends, the development of fuel-efficient vehicle is equally imperative which has efficaciously been being unraveled by automakers by making essential changes in the materials, vehicle design, geometry, aerodynamics, etc. They have been meticulously leveraging the potential of fluoropolymers in the critical sections of vehicle in order to address the tightening carbon emission standards of government or regulatory authorities regarding fuel efficiency enhancements.

Currently, the automotive industry accounts for merely 15% of the total fluoropolymers consumption in terms of volume; however, the industry is indisputably one of the fastest-growing end-use segments of fluoropolymers, outpacing the average industry growth, propelled by an incessant rise in the penetration of fluoropolymers in various applications including seals and hoses, especially for charge air coolers. The demand for charge air cooler has been at pinnacle because of rising demand for turbocharged vehicles in both gasoline as well as diesel vehicles, giving an impetus to demand fluoropolymers and creating new revenue pockets for the market participants.

The growth in the demand for fluoropolymers in the automotive industry has been outpacing the growth of the overall automotive industry for the last two eons. It is estimated that this growth momentum is likely to maintain in the foreseen future, assisting the market to cross the unprecedented landmark figure of US$ 1.4 billion by 2024. Increasing global automobile production, increasing requirement of high-temperature-resistant materials because of engine downsizing, and increased demand for lightweight materials to address the stringent emission regulations are creating a healthy demand for fluoropolymers in the automotive industry.

Lucrative expected future growth of the market is compelling the market participants to expand their existing capacity in order to cater to the growing market demand. For instance, in Oct. 2018, Solvay announced to increase the production capacity of its Tecnoflon® FKM, targeting growing demand from hybrid and low-emission internal combustion engine (ICE) vehicles. The combined capacity at its two plants in China and Italy is likely to be increased by 30% by the fourth quarter of 2019. Similarly, in Sep. 2018, Solvay also announced their plan to increase the production capacity of its Solef® PVDF fluoropolymer in France site, by more than 35%, to target various applications including lithium-ion battery binders and coatings used in electric vehicles.


Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.

It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.

The market of Automotive Fluoropolymers has been divided into categories such as by Vehicle Type, Product Type, System Type, Application Type, By Region. Insights on each segment can be of critical importance to any player.

Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:

  • Which are the best performing segments of the market?
  • Which is the most dominant region?
  • Which material is the most promising?
  • Who are the movers and shakers of the market?
  • What are the regional growth hotspots?
  • What are the segmental growth forecasts?


To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/539/automotive-fluoropolymers-market.html



AGC Inc. at the Helm

The Chemours Company, Daikin Industries Limited, The 3M Company, Solvay S.A, AGC Inc., Arkema SA, Dongyue Group Co., Ltd., and Honeywell International Inc. are well-known fluoropolymer manufacturers for the automotive industry.


Emerging Trends:


Passenger car to Remain the Growth Engine

The automotive fluoropolymers market is segmented based on vehicle type as passenger car, LCV, and M&HCV. Passenger car is expected to remain the largest market segment over the next five years. The vehicle type (passenger car) is also likely to witness the highest growth during the same period. Large production of cars coupled with high penetration of fluoropolymers has led to the huge dominance of the segment in the market.


PTFE to remain dominant

Based on the product type, the automotive fluoropolymers market is segmented as PTFE, FKM, PVDF, and others. PTFE is likely to remain the most dominant fluoropolymer type consumed in the automotive industry during the forecast period, whereas FKM is likely to witness the highest growth during the same period. FKM is a preferred choice of material in various fuel system applications, such as fuel cap main seal, fuel rail seal, fuel filler hose, fuel pump seal, and fuel injector seals.


Asia-Pacific to be the Largest Market

In terms of region, Asia-Pacific is projected to remain the largest automotive fluoropolymers market during the forecast period in terms of both value and volume. China and India are the growth engines of the Asia-Pacific’s market. North America and Europe, the next two major markets, are likely to generate sizeable growth opportunities in the coming five years.


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