Europe Fluoropolymer Market Trends

Statistics for the 2023 & 2024 Europe Fluoropolymer market trends, created by Mordor Intelligence™ Industry Reports. Europe Fluoropolymer trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of europe fluoropolymer Industry

Technological innovations to boost the consumer electronics market

  • Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
  • Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
  • In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.​
  • Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
Europe Fluoropolymer Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Demand for commercial and military aircraft to drive the component production growth
  • EU government policies and initiatives to augment the construction industry
  • Germany to dominate the fluoropolymer resin imports and exports in the region
  • Electric vehicles to foster the growth of automobile production
  • E-commerce and flexible packaging to boost the plastic packaging market

Europe Fluoropolymer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029