Africa Fluoropolymer Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 7.21 Million |
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Market Size (2029) | USD 11.06 Million |
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Largest Share by End User Industry | Automotive |
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|
CAGR (2024 - 2029) | 8.93 % |
|
Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Africa Fluoropolymer Market Analysis
The Africa Fluoropolymer Market size is estimated at 7.21 million USD in 2024, and is expected to reach 11.06 million USD by 2029, growing at a CAGR of 8.93% during the forecast period (2024-2029).
7.21 Million
Market Size in 2024 (USD)
11.06 Million
Market Size in 2029 (USD)
4.35 %
CAGR (2017-2023)
8.93 %
CAGR (2024-2029)
Largest Market by End-user Industry
36.27 %
value share, Automotive, 2023
Automotive is the largest end-user industry segment owing to its rising usage of fluoropolymers for their superior characteristics, such as being lightweight and having high impact resistance.
Fastest Growing Market by End-user Industry
11.35 %
Projected CAGR, Electrical and Electronics, 2024-2029
Due to the requirement for high-performance coatings, for roofing applications, the electronics industry is expected to register the fastest-growing demand over the forecast period.
Largest Market by Sub Resin Type
42.01 %
value share, Polytetrafluoroethylene (PTFE), 2023
Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE held the largest share of the market.
Largest Market by Country
56.64 %
value share, South Africa, 2023
South Africa, the second-largest nation in the continent, has experienced rapid urbanization and notable growth in the manufacturing, packaging, and construction industries in recent years. Thus, the country held the largest market share.
Leading Market Player
27.27 %
market share, Arkema, 2022
Arkema is the dominant player in the market owing to its well-established sales and distribution networks in the region, which contribute significantly to its overall sales.
Foreign investments in the automotive industry to augment market demand
- Fluoropolymers have applications in various industries, including oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceuticals. The demand for fluoropolymer resin in Africa is estimated to grow by 8.04% in year-on-year value terms in 2023 compared to 2022.
- The automotive segment is the largest consumer of fluoropolymers in the region, accounting for a share of 36.58% in value terms in 2023. The industry witnessed a 2.95% increase in vehicle production volume in 2023 compared to 2022. The growing consumption of fluoropolymers in lithium-ion batteries, a key component in electric vehicles (EVs), is expected to drive the market in the forecast period.
- The electrical and electronics industry is the second-largest consumer of fluoropolymer resin in the region. The rising production in this industry will drive the demand for fluoropolymer resin over the coming years. The revenue from electrical and electronics products in the region is projected to reach USD 51.2 billion by 2029, up from USD 30.6 billion in 2023. Technological advancements are expected to contribute to the increased demand for consumer electronics in the future, with the industry's projected revenue reaching USD 17.79 billion in 2027 from USD 10.59 billion in 2023.
- The building & construction industry is the fastest-growing end-user industry for fluoropolymer resin in the region, expected to record a CAGR of 9.01% in terms of value during the forecast period (2023-2029). This growth is attributed to the rapid adoption of affordable and durable structures for construction projects which will further drive the demand for fluoropolymer resin over the coming years.
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South Africa will continue to be the region's largest and fastest-growing market
- Fluoropolymer is used in African countries such as Nigeria and South Africa for various industries, including automotive, aerospace, and industrial machinery. Africa accounted for 0.21% by value of the global consumption of fluoropolymer resins in 2022.
- South Africa is the region's largest consumer of this resin due to its rising aerospace, automotive, industrial, and machinery segments. The country recorded aircraft components production by 68.7% in revenue and vehicle production by 44.4% in volume at the regional level in 2022, driving the increasing demand for fluoropolymer resins. 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.
- Nigeria's demand for fluoropolymer resins is increasing significantly due to rising vehicle production, industrial and machinery, and others. In 2022, the country produced 394 thousand units of vehicles, with a share of 32.88% of the region. The country's industrial machinery segment is also expanding, and it is projected that revenue in the tools and machines segment will amount to USD 3.02 billion in 2023. The market is expected to grow annually by 5.17% (CAGR 2023-2029). These factors are expected to drive the demand for fluoropolymer resins in the country.
- South Africa is the fastest-growing country of fluoropolymer resins, with a CAGR of 8.25% by revenue during the forecast period 2023-2029. The rapid growth of the electronics segment, coupled with the upgradation of older aircraft, is expected to increase the demand for this resin in the region.
Africa Fluoropolymer Market Trends
Manufacturing on the rise to tackle the rapidly growing demand
- South Africa is the leading manufacturing hub in Africa. Its manufacturing capabilities, efficient logistics network, and preferential regional market access position the country as an ideal location for electronics companies seeking to supply their products to Africa. South Africa has a diverse electronics industry that ranges from electrical machinery, household appliances, and telecommunication equipment to consumer electronics. In 2022, the African region imported around 70% of its local electrical and electronics demand.
- The consumer electronics industry still relies heavily on imports. According to estimates, South Africa brought 60% of all consumer electronics into Africa in 2018. In 2020, the electrical and electronic production in the country decreased at a growth rate of around 3.2%, by revenue, compared to the previous year, owing to the widespread lockdown adopted by the government and the supply chain disruption faced due to the lockdown. In the feature phone space, shipments were down by 26.6% to 21.9 million units as vendors were transitioning away from these devices toward entry-level smartphones. All such factors led to a decrease in the production of electrical and electronic components in the region at a CAGR of -9.41% from 2020 to 2022.
- The government is focused on promoting and supporting domestic manufacturing, R&D, and developing safety standards for the electrical and electronics manufacturing industry. The output of electrical and electronic industrial components is anticipated to record a CAGR of 6.28% during the forecast period (2023-2029) to supply the emerging African middle-class population.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising demand for commercial and military aircraft to drive component production
- Developing economies and government policies boosting construction infrastructure
- South Africa gradually reducing reliance on imports
- Cheap labor and raw materials are drawing foreign investments
- Packaged food and beverages leading the demand for plastic packaging solutions
Africa Fluoropolymer Industry Overview
The Africa Fluoropolymer Market is moderately consolidated, with the top five companies occupying 59.76%. The major players in this market are Arkema, Dongyue Group, Gujarat Fluorochemicals Limited (GFL), Solvay and The Chemours Company (sorted alphabetically).
Africa Fluoropolymer Market Leaders
Arkema
Dongyue Group
Gujarat Fluorochemicals Limited (GFL)
Solvay
The Chemours Company
*Disclaimer: Major Players sorted in alphabetical order.
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Africa Fluoropolymer Market News
- June 2021: Arkema launched new sustainable Kynar PVDF grades for lithium-ion batteries that claim to be made of 100% renewable attributed carbon derived from crude tall oil bio-feedstock.
- May 2021: Arkema acquired Agiplast to become the first fully integrated high-performance polymer manufacturer offering both bio-based and recycled materials. The acquisition was aimed at addressing the challenges of resource scarcity and end-of-life products.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Africa Fluoropolymer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Electrical and Electronics
2.1.5. Packaging
2.2. Import And Export Trends
2.2.1. Fluoropolymer Trade
2.3. Regulatory Framework
2.3.1. Nigeria
2.3.2. South Africa
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Electrical and Electronics
3.1.5. Industrial and Machinery
3.1.6. Other End-user Industries
3.2. Sub Resin Type
3.2.1. Ethylenetetrafluoroethylene (ETFE)
3.2.2. Fluorinated Ethylene-propylene (FEP)
3.2.3. Polytetrafluoroethylene (PTFE)
3.2.4. Polyvinylfluoride (PVF)
3.2.5. Polyvinylidene Fluoride (PVDF)
3.2.6. Other Sub Resin Types
3.3. Country
3.3.1. Nigeria
3.3.2. South Africa
3.3.3. Rest of Africa
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. 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).
4.4.1. Arkema
4.4.2. Dongyue Group
4.4.3. Gujarat Fluorochemicals Limited (GFL)
4.4.4. Solvay
4.4.5. The Chemours Company
5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, AFRICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, AFRICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, AFRICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, AFRICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, AFRICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
- Figure 8:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 9:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 10:
- VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 11:
- VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 13:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 14:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 15:
- VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 17:
- VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 18:
- VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 20:
- VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 21:
- VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 22:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 23:
- VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 24:
- VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 26:
- VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 27:
- VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 29:
- VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, AFRICA, 2017 - 2029
- Figure 30:
- VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, AFRICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, AFRICA, 2022 VS 2029
- Figure 32:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, AFRICA, 2017 - 2029
- Figure 33:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, AFRICA, 2017 - 2029
- Figure 34:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, AFRICA, 2017, 2023, AND 2029
- Figure 35:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, AFRICA, 2017, 2023, AND 2029
- Figure 36:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 37:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 38:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 39:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 40:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 42:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 43:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 44:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 45:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 46:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 48:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 49:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 51:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, AFRICA, 2017 - 2029
- Figure 52:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, AFRICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, AFRICA, 2022 VS 2029
- Figure 54:
- VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
- Figure 55:
- VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 56:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 57:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 58:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, NIGERIA, 2017 - 2029
- Figure 59:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, NIGERIA, 2017 - 2029
- Figure 60:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
- Figure 61:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
- Figure 62:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
- Figure 64:
- VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
- Figure 65:
- VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF AFRICA, 2017 - 2029
- Figure 66:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
- Figure 67:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2019 - 2021
- Figure 68:
- MOST ADOPTED STRATEGIES, COUNT, AFRICA, 2019 - 2021
- Figure 69:
- REVENUE SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, AFRICA, 2022
Africa Fluoropolymer Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Ethylenetetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinylfluoride (PVF), Polyvinylidene Fluoride (PVDF) are covered as segments by Sub Resin Type. Nigeria, South Africa are covered as segments by Country.
- Fluoropolymers have applications in various industries, including oil and gas, semiconductor and electronics, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceuticals. The demand for fluoropolymer resin in Africa is estimated to grow by 8.04% in year-on-year value terms in 2023 compared to 2022.
- The automotive segment is the largest consumer of fluoropolymers in the region, accounting for a share of 36.58% in value terms in 2023. The industry witnessed a 2.95% increase in vehicle production volume in 2023 compared to 2022. The growing consumption of fluoropolymers in lithium-ion batteries, a key component in electric vehicles (EVs), is expected to drive the market in the forecast period.
- The electrical and electronics industry is the second-largest consumer of fluoropolymer resin in the region. The rising production in this industry will drive the demand for fluoropolymer resin over the coming years. The revenue from electrical and electronics products in the region is projected to reach USD 51.2 billion by 2029, up from USD 30.6 billion in 2023. Technological advancements are expected to contribute to the increased demand for consumer electronics in the future, with the industry's projected revenue reaching USD 17.79 billion in 2027 from USD 10.59 billion in 2023.
- The building & construction industry is the fastest-growing end-user industry for fluoropolymer resin in the region, expected to record a CAGR of 9.01% in terms of value during the forecast period (2023-2029). This growth is attributed to the rapid adoption of affordable and durable structures for construction projects which will further drive the demand for fluoropolymer resin over the coming years.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Other End-user Industries |
| Sub Resin Type | |
| Ethylenetetrafluoroethylene (ETFE) | |
| Fluorinated Ethylene-propylene (FEP) | |
| Polytetrafluoroethylene (PTFE) | |
| Polyvinylfluoride (PVF) | |
| Polyvinylidene Fluoride (PVDF) | |
| Other Sub Resin Types |
| Country | |
| Nigeria | |
| South Africa | |
| Rest of Africa |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the fluoropolymers market.
- Resin - Under the scope of the study, virgin fluoropolymer resins like Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylfluoride, Fluorinated Ethylene-propylene, Ethylenetetrafluoroethylene, etc. in the primary forms are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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