Fluoropolymer Market to be Worth of US$690.3 Mn by 2026 due to Growing Demand From Healthcare and Medical Devices - TMR

News provided by

Jun 27, 2019, 08:00 ET

ALBANY, New York, June 27, 2019 /PRNewswire/ -- The global fluoropolymer market is highly competitive and consolidated due to the presence of numerous market stalwarts and their stronghold in the competition, states Transparency Market Research (TMR) in its upcoming report. Some of the top players in the global fluoropolymer market include Asahi Glass Co., Ltd, 3M Company, Solvay SA., Daikin Industries Ltd. and Honeywell International Inc. These companies are involved in continuous research and development to hold their position in the global fluoropolymer market.

The rising number of surgical procedures in the medical sector is expected to provide growth to the global fluoropolymer market. The market is projected to grow at a CAGR of 5.3%. The market is expected to reach up to an estimated value of US$690.3 Mn by the end of 2026.

Request a Sample of Global Fluoropolymer Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=94

In terms of geographical distribution, Asia Pacific excluding Japan in predicted to remain dominant in the global fluoropolymer market during the forecast period. The growth in this region is primarily due to large scale manufacturing owing to availability of cheap resources such as land, labor cost, and other natural resources. Countries such as Vietnam, Thailand, and Indonesia are heavily investing on providing better healthcare infrastructure. Therefore, these countries are expected to boost the global fluoropolymer market in the upcoming years.

The global fluoropolymer market is segmented into polytetrafluoroethylene, fluorinated ethylene propylene, and polyvinylidene difluoride, in terms of product types. However, polytetrafluoroethylene is projected to dominate in the global fluoropolymer market.

Is something restraining your company's growth in the Fluoropolymer Market? Ask for the report brochure here

Increasing Use of Medical Devices to Boost Growth in Global Fluoropolymer Market

Surgeons across the globe prefer fluoropolymer implants and devices while carrying out different surgical procedures. Fluoropolymers are used in implants of hips, skull, nose, knees, and ears. Additionally, fluoropolymer products in healthcare help in minimally invasive procedures. Thus, the global fluoropolymer market is likely to witness a good growth due to large number of patients seeking surgeries due to minimal invasiveness.

Further, the fluoropolymer have high lubricity and biocompatibility and they are highly sought after in operation theatres in jackets, aprons, and limb fixing to protect the injured area from infection and formation of other devices. The catheters that are being used in the industry is expected to increase the demand for fluoropolymer based catheters due to its capability of performing surgeries without replacing it with another catheter. Hence, the global fluoropolymer market is expected to witness expansion in the coming years.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Fluoropolymer Market here

They also provide high compatibility, tissue stability, and purity at fluctuating temperatures, owing to the growth in the global fluoropolymer market during the forecast period.

Rising Demand for Medical Tourism to Strengthen Global Fluoropolymer Market

Due to the high cost of surgeries in developed countries, the large pool of patients are moving to developed countries for surgical procedures. Surgeries in developing countries are not only cost effective but also minimally invasive due to better medical infrastructure. Such a growing number of patients for medical therapy and surgeries are projected to drive the global fluoropolymer market in the upcoming years.

Increasing stringent regulations on manufacturing of products made of fluoropolymers is anticipated to restrict the growth of the global fluoropolymer market in the near future. Nonetheless, on-going extensive research and development for offering innovative products is projected to strengthen the global fluoropolymer market with lucrative growth potential in the upcoming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=94

Thus, taking all the factors into consideration, the global fluoropolymer market is projected to observe good growth in the upcoming years.

This information is based on the new report by TMR, titled "Fluoropolymer Market (Product Type- Polytetrafluoroethylene, Polyvinylidene Difluoride, Fluorinated Ethylene Propylene, Other Product Types; Application - Pharmaceutical Packaging, Medical Devices, Drug Delivery, Other Applications))- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026."

The global fluoropolymer market has been segmented as below:

Product:

Polytetrafluoroethylene
Polyvinylidene Difluoride
Fluorinated Ethylene Propylene

Application:

Pharmaceutical Packaging
Medical Devices
Drug Delivery

Geography:

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
Australia
India
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

South Africa
Saudi Arabia
Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Fluoropolymer Additives Market: https://www.transparencymarketresearch.com/fluoropolymer-additives-market.html
Fluoropolymer Coating Market: https://www.transparencymarketresearch.com/fluoropolymer-coating-market.html
Fluoropolymer Materials Market: https://www.transparencymarketresearch.com/fluoropolymer-materials-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: https://newsregal.com/