San Francisco, California, June 04, 2018: TMR Research presents an in-depth analysis of the global fluoropolymers market. The research report, titled “Fluoropolymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, presents a detailed study of the factors shaping the trajectory of the overall market. The demand for fluoropolymers is soaring due to their uptake in the healthcare industry. The research report includes a study of the strengths, weaknesses, opportunities, and threat impacting the overall market.
Analysts state that the demand for fluoropolymers is expected to remain high as the health industry realizes its multiple benefits. Fluoropolymers are known to have excellent lubricity, biocompatibility, and dielectric properties. Growing investments in development of artificial body parts such as corneas and heart valves has resulted in steady demand for fluoropolymers in recent years. This material is also known to be resistant to extreme heat, chemical exposure, and possesses low coefficient of a fraction.
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From a regional point of view, the global fluoropolymers market is likely to be led by Asia Pacific excluding Japan. Growing number of manufacturing activities in the region due to cheaper labor are expected to augment the uptake of fluoropolymers in the Asia Pacific excluding Japan market. On the other hand, the demand for fluoropolymers in North America is projected to remain high as the healthcare industry is a well-established one. Furthermore, emphasis on development of better drug delivery methods, medical devices, and sophisticated pharmaceutical packaging are expected drive the up the demand for fluoropolymers in North America between the forecast years of 2017 and 2025.
Some of the leading players operating in the global fluoropolymers market are Daikin Industries Ltd., Mexichem S.A.B. de C.V, E.I Dupont De Nemours and Company, The Chemours Company, 3M Company, and W. L. Gore & Associates, Inc. Vendors are estimated to focus on research and development of fluoropolymers material for various other purposes to stay ahead of the competition.