全球汽車用氟樹脂(含氟聚合物)市場:各汽車類型、產品類型、系統類型、零組件、地區 - 市場趨勢，預測，競爭分析，成長機會(2019年∼2024)
Automotive Fluoropolymers Market by Vehicle Type (Passenger Car, LCV, & M&HCV), Product Type (PTEF, FKM, PVDF, Other Fluoropolymers), System Type, Component, & Region, Trend, Forecast, Competitive Analysis, & Growth Opportunity: 2019-2024
|出版日期||內容資訊||英文 260 Pages
|全球汽車用氟樹脂(含氟聚合物)市場:各汽車類型、產品類型、系統類型、零組件、地區 - 市場趨勢，預測，競爭分析，成長機會(2019年∼2024) Automotive Fluoropolymers Market by Vehicle Type (Passenger Car, LCV, & M&HCV), Product Type (PTEF, FKM, PVDF, Other Fluoropolymers), System Type, Component, & Region, Trend, Forecast, Competitive Analysis, & Growth Opportunity: 2019-2024|
|出版日期: 2019年09月17日||內容資訊: 英文 260 Pages||
Automotive Fluoropolymers Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Product Type (PTEF, FKM, PVDF, Other Fluoropolymers), by System Type (Fuel system, Powertrain system, Air management system, and Other systems), by Component Type (Seals, Hoses, Gaskets, and Other components), and by Region (North American, Europe, Asia-Pacific, Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
Automotive Fluoropolymers Market Insights
Fluoropolymers market in the automotive industry is estimated to top US$ 1.4 billion in sales by 2024.The growth in the demand for fluoropolymers in the automotive industry has been outpacing the growth of the overall automotive industry for the last two eons. Increasing global automobile production, increasing requirement of high-temperature-resistant materials because of engine downsizing, and increased demand for lightweight materials to address the stringent emission regulations are creating a healthy demand for fluoropolymers in the automotive industry.
Currently, the automotive industry accounts for merely 15% of the total fluoropolymers consumption in terms of volume; however, the industry is indisputably one of the fastest-growing end-use segments of fluoropolymers, outpacing the average industry growth, propelled by an incessant rise in the penetration of fluoropolymers in various applications including seals and hoses, especially for charge air coolers. The demand for charge air cooler has been at pinnacle because of rising demand for turbocharged vehicles in both gasoline as well as diesel vehicles, giving an impetus to demand fluoropolymers and creating new revenue pockets for the market participants.
Rising global temperature, changing customer requirements, the introduction of stringent government regulations regarding safety and emission reductions, and rising traffic congestion are some of the factors that are compelling all the industries to build more sustainable business environments. The impact of these factors has been the most on the automotive industry with this decade being the most disruptive one with several megatrends collectively transforming the industry. Among many megatrends, the most noticeable ones are autonomous, emission-free mobility, fuel efficiency, sharing, and connected vehicles. Today, almost all the major automakers are putting efforts for the development of vehicles addressing most of these trends.
Among these megatrends, the development of fuel-efficient vehicle is equally imperative which has efficaciously been being unraveled by automakers by making essential changes in the materials, vehicle design, geometry, aerodynamics, etc. They have been meticulously leveraging the potential of fluoropolymers in the critical sections of vehicle in order to address the tightening carbon emission standards of government or regulatory authorities regarding fuel efficiency enhancements.
Lucrative expected future growth of the market is compelling the market participants to expand their existing capacity in order to cater to the growing market demand. For instance, in Oct. 2018, Solvay announced to increase the production capacity of its Tecnoflon® FKM, targeting growing demand from hybrid and low-emission internal combustion engine (ICE) vehicles. The combined capacity at its two plants in China and Italy is likely to be increased by 30% by the fourth quarter of 2019. Similarly, in Sep. 2018, Solvay also announced their plan to increase the production capacity of its Solef® PVDF fluoropolymer in France site, by more than 35%, to target various applications including lithium-ion battery binders and coatings used in electric vehicles.
Automotive Fluoropolymers Market Share Analysis
Automotive Fluoropolymers Market Share by Vehicle Type
The market is segmented based on vehicle type as passenger car, LCV, and M&HCV. Passenger car is expected to remain the largest market segment over the next five years. The vehicle type (passenger car) is also likely to witness the highest growth during the same period. Large production of cars coupled with high penetration of fluoropolymers has led to the huge dominance of the segment in the market.
Automotive Fluoropolymers Market Share by Product Type
Based on the product type, the market is segmented as PTFE, FKM, PVDF, and others. PTFE is likely to remain the most dominant fluoropolymer type consumed in the automotive industry during the forecast period, whereas FKM is likely to witness the highest growth during the same period. FKM is a preferred choice of material in various fuel system applications, such as fuel cap main seal, fuel rail seal, fuel filler hose, fuel pump seal, and fuel injector seals.
Automotive Fluoropolymers Market Share by System Type
Based on the system type the market is segmented as powertrain, fuel system, air management system, and others. Fuel system is the major application area of fluoropolymers and is likely to maintain their dominance in the market in years to come, whereas air management system is likely to be the fastest-growing segment of the market during the same period. The key applications of air management system such as turbocharger hose, SCR injector seal, turbocharger hose seal, and EGR stem seal, are experiencing significant growth; thereby, pushing the growth of the segment.
In terms of region, Asia-Pacific is projected to remain the largest automotive fluoropolymers market during the forecast period in terms of both value and volume. China and India are the growth engines of the Asia-Pacific's market. North America and Europe, the next two major markets, are likely to generate sizeable growth opportunities in the coming five years.
The supply chain of this market comprises raw material suppliers, fluoropolymer manufacturers, product manufacturers, system manufacturers, automotive OEMs, distributors, and dealers. The Chemours Company, Daikin Industries Limited, The 3M Company, Solvay S.A, AGC Inc., Arkema SA, Dongyue Group Co., Ltd., and Honeywell International Inc. are well-known fluoropolymer manufacturers for the automotive industry. New product development, advancements in automotive fluoropolymers properties, and collaboration with OEMs or tier players are the key strategies adopted by the major players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research's internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Market Scope & Segmentation
Fluoropolymer is a polymer with a carbon backbone. It has fluorine for strong carbon-fluoride bond forming. This particular polymer is known to offer great performance during high-temperature or corrosive environments and hence is able to meet up the challenges of extreme environments.
Fluoropolymer is known for its properties such as resistance to chemical reactions, stress cracking, corrosion, and temperature. Due to such properties, it is highly useful in applications such as additives, resins, film products, and coatings. Defense, aerospace, telecommunication, automotive, and electronics are some of the common industries where fluoropolymer is used widely.
The market is segmented in the following ways:
Automotive Fluoropolymers Market Size, Share & Forecast by Vehicle Type:
Automotive Fluoropolymers Market Size, Share & Forecast by Product Type:
Automotive Fluoropolymers Market Size, Share & Forecast by System Type:
Automotive Fluoropolymers Market Size, Share & Forecast by Region:
The following are the key features of the report: