Download Report IHS CEH Report : Fluoropolymers (Chemical Economics Handbook 2019)
PDF by S&P Global Commodity Insights; IHS Markit
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Format: PDF Language: English Pages: 160 Publisher: S&P Global Commodity Insights; IHS Markit Publitshion date: 2019 ISBN: 136139
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Description
Fluoropolymers are among the most useful modern materials, providing nonstick surfaces for cookware and industrial products, waterproofing surface treatments for clothing and other substrates, stain barriers for textiles, high-purity fluid handling "plumbing," medical applications, wire and cable insulation jackets, high-performance coatings for harsh environments, mar-free coatings for touch screen electronic devices, architectural and marine coating additives, backsheets for photovoltaic panels, films and membranes for technical, waterproof clothing, and industrial applications. PTFE accounted for over 53% of the world market for fluoropolymers, with other fluoropolymers (including PVDF, FEP, PCTFE, ETFE, PFA, PVF, ECTFE, THV, CTFE-VDF, and amorphous types) used for specific purposes or where PTFE does not meet performance requirements. PVDF and FEP are the next-most-widely used fluoropolymers, accounting for 16% and 10%, respectively, of the global fluoropolymers market in 2018. China is the dominant consumer of PTFE; China and the United States accounted for about 34% and 28%, respectively, of the world consumption other fluoropolymers. Demand for fluoropolymers will increase at a steady rate of 4–4.5% during 2018–23, with PTFE still at the forefront of manufacture and use.The global market for fluoropolymers is estimated at 320,000 metric tons and exceeded a value of $5 billion in 2018, with PTFE accounting for 53% of the total. The market for PTFE in industrial and processing, consumer and industrial coatings, electrical/electronics, and cable/wire solution markets is mature in several regions such as the United States, Western Europe, and Japan, but will steadily grow in China and other Asian countries. World consumption of PTFE is forecast to grow at an average annual rate of about 4.1% during 2018–23. PVDF and FEP are the two major melt‐processed resins, with market shares of 16% and 10%, respectively, on a volume basis in 2018. The PVDF market is driven largely by developments in China. Emerging applications for PVDF, such as lithium‐ion batteries (LiB), photovoltaic (PV) panels, water treatment filtration, and specialty films for architectural/automotive windows, etc., in addition to architectural coatings especially in China, give PVDF great potential market growth in the next five years. Overall, melt‐processed and amorphous-type fluoropolymers other than PTFE are expected to grow at an average annual rate of 4.8% during 2018–23.
With strong technological capability in new fluoropolymers development, manufacture, and application, the United States is a large consuming country of other fluoropolymers, second only to China. The United States is also the only country whose domestic consumption for other fluoropolymers is greater than PTFE demand. From 2018 to 2023, US consumption of PTFE and other fluoropolymers will grow at 2.1% and 2.7% per year, respectively.
About 66.5% of Western European fluoropolymer consumption is accounted for by PTFE, with Germany and Italy as the major consuming countries. Germany has strong chemical and automotive industries, which impact its demand for such polymers. In Italy, the appliance and compounding industries are strong and demand-driving. During 2018–23, Western European consumption of PTFE is expected to grow at an average rate of 1.3% per year, while other fluoropolymers are expected to grow at an average rate of 2.2% per year during the same period.
China is the world’s largest producer of PTFE, with a 52% share of world production in 2018. China is also the largest consumer of other fluoropolymers, with 34% of world consumption. China’s production capacity and production of other fluoropolymers became significant in 2011. As a result of accumulating capacity additions in the melt‐processed fluoropolymer industry, such as PVDF and FEP, overcapacity became an issue. More consolidation in the fluorochemical industry can be expected through 2023. The Chinese fluoropolymer market increased at a rapid rate of 9–10% per year in the past decade. The future holds promise for increased use of fluoropolymer materials in all areas of engineering, manufacturing, construction, new energy, electronics, and medicine and health. From 2018 to 2023, Chinese consumption of fluoropolymers is expected to grow at an average annual rate of about 7%.
In 2018, Japan produced 5.9% of the world's supply of PTFE, and a more significant 14.3% of the world’s supply of other fluoropolymers. Japan has recently been increasingly specializing in the development of fluoropolymers other than PTFE. Overall fluoropolymer consumption is expected to grow slightly at an average annual rate of 1.8% between 2018 and 2023.
Other areas currently producing fluoropolymers include India, South Korea, Taiwan, and Russia. PTFE is the only fluoropolymer produced in all countries but Russia, and it is the dominant fluoropolymer traded and consumed in the rest of the world. South Korea did not produce fluoropolymers as of 2015, but the country consumes considerable amounts of fluoropolymers, similar to the amount consumed in Japan, mainly for the electronics/electrical and automobile industries. South Korean demand for fluoropolymers is met by imports, mainly from China, Japan, the United States, and Western Europe. Consumption of fluoropolymers in the rest of the world outside of these four regions accounted for about 19% of world fluoropolymer consumption.
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