Middle East & Africa Fluoropolymers Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type [PTFE (polytetrafluoroethylene), PVDF (polyvinylidenefluoride), FEP (fluorinated ethylene-propylene), ETFE (polyethylenetetrafluoroethylene), PCTFE (polychlorotrifluoroethylene), PVF (polyvinylfluoride), and Other Types], End-user Industry (Automotive and Transportation, Building and Construction, Industrial Equipment, Chemical Processing, Electrical and Electronics, and Other End-user Industries), and Geography

Market Snapshot

Middle East and Africa Fluoropolymers market - Summary
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The Middle East & African fluoropolymer market is expected to register an estimated CAGR of 5.98%, over the forecast period of 2019 to 2024.

  • Some of the major factors driving the growth of the market studied are the superior chemical resistance and thermal characteristics of fluoropolymers and their increasing applications in a wide range of end-user industries, especially the oil and gas and chemical processing sectors in the Middle East & African region.
  • Hazardous working conditions are expected to hinder the growth of the market studied. 

Scope of the Report

The Middle East & African fluoropolymers market report includes:

Type
PTFE(polytetrafluoroethylene)
PVDF(polyvinylidenefluoride)
FEP(fluorinated ethylene-propylene)
ETFE(polyethylenetetrafluoroethylene)
PCTFE(polychlorotrifluoroethylene)
PVF(polyvinylfluoride)
Other Types
End-user Industry
Automotive and Transportation
Building and Construction
Industrial Equipment
Chemical Processing
Electrical and Electronics
Other End-user Industries
Geography
Saudi Arabia
South Africa
Qatar
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Polytetrafluoroethylene (PTFE) Segment to Drive the Fluoropolymers Market

  • PTFE dominates the market in the fluoropolymer resin market due to its wide usage in various end-user industries.
  • Polytetrafluoroethylene (PTFE) is a fully fluorinated polymer made by a polymerization of the monomer CF2=CF2 - tetrafluoroethylene (TFE). The products which have the ingredients of granular PTFE resin offer the superior properties of fluoropolymers, for example, retention of properties after service at 260℃, useful properties at -240℃, chemical inertness to nearly all industrial chemicals and solvents low friction and anti-stick surfaces.
  • PTFE resin has outstanding dielectric properties and stable frequency and temperature. With moderate stiffness and high ultimate elongation, this product can be used to make tubes, sheets, rods, films and other articles, such as bearings, gaskets, pistons, and sliding bearings for bridges, etc.
  • PTFE is resistant to attack from most chemicals and when combined with other fluoropolymers, such as FEP and PFA, it greatly enhances the life of the component. PTFE applied as a surface coating may increase the corrosion resistance of the component and can also be enhanced with the use of primers, other pre-treatments, such as plating and phosphating. Stud bolts and fasteners, valves, pumps, pipe clamps, and connectors benefit from these type of coatings.
  • Thus, from the aforementioned points, we can see the continuous demand for fluoropolymers in the forecast period.
Middle East and Africa Fluoropolymers market - type

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Saudi Arabia to Dominate the Market

  • Saudi Arabia is one of the largest producers of oil and gas in the world. The demand for fluoropolymers is likely to increase with the rising investment in the oil and gas sector.
  • Saudi Arabia has emerged as a rapidly growing energy consumer in the Middle East region. The high national industrialization program, in addition to the rapid urbanization, has led to an increase in the power demand by 7-10%, year-on-year. Turbines, pumps, bearings, fans, compressors, gears, and hydraulic systems utilize a significant volume of fluoropolymer coatings in the power generation sector. Many new power generation projects are in the offing, which in turn, will result in a modest rise in the demand for fluoropolymer coatings in the country. 
  • There is an increase in the constructions of hotels, recreational facilities, and other public infrastructure in the country, to cater to the increasing number of tourists. Government initiatives, such as the Saudi Arabia Vision 2030 are expected to support the growth of the commercial building activities at significant growth, in the coming years. Growing construction activities in the country will increase the consumption of fluoropolymers in the country.
Middle East and Africa Fluoropolymers market - by country

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Competitive Landscape

The Middle East & African fluoropolymer market is consolidated in nature. Strong backward integration of major manufacturers, such as Solvay, DowDuPont, and AGC creates a stiff competition in the market.

Major Players

  1. 3M
  2. AGC Chemicals Americas, Inc.
  3. Solvay
  4. Daikin Industries Ltd
  5. DowDuPont

* Complete list of players covered available in the table of contents below

Middle East and Africa Fluoropolymers market - concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Superior Chemical Resistance and Thermal Characteristics

      2. 4.1.2 Applications in a Wide Range Of End-user Industries

    2. 4.2 Restraints

      1. 4.2.1 Hazardous Working Condition

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 PTFE(polytetrafluoroethylene)

      2. 5.1.2 PVDF(polyvinylidenefluoride)

      3. 5.1.3 FEP(fluorinated ethylene-propylene)

      4. 5.1.4 ETFE(polyethylenetetrafluoroethylene)

      5. 5.1.5 PCTFE(polychlorotrifluoroethylene)

      6. 5.1.6 PVF(polyvinylfluoride)

      7. 5.1.7 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive and Transportation

      2. 5.2.2 Building and Construction

      3. 5.2.3 Industrial Equipment

      4. 5.2.4 Chemical Processing

      5. 5.2.5 Electrical and Electronics

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 South Africa

      3. 5.3.3 Qatar

      4. 5.3.4 United Arab Emirates

      5. 5.3.5 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AGC Chemicals Americas, Inc.

      3. 6.4.3 Arkema SA

      4. 6.4.4 Daikin Industries Ltd

      5. 6.4.5 Dongyue Group

      6. 6.4.6 DowDuPont Inc.

      7. 6.4.7 Fluorotherm

      8. 6.4.8 Freudenberg Sealing Technologies

      9. 6.4.9 Kureha

      10. 6.4.10 Parker Hannifin Corp

      11. 6.4.11 Quadrant AG

      12. 6.4.12 Shanghai Fluoron Chemicals Co.Ltd

      13. 6.4.13 Solvay SA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Automotive and Aerospace Industries

**Subject to Availability

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