Global Fluoropolymers in Healthcare Market is Likely to Grow at A CAGR Value of Around 4.50 % By 2028

The global fluoropolymers in healthcare market size was worth USD 431.50 million in 2021 and is estimated to grow to USD 561.92 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.50 % over the forecast period. The report analyzes the global fluoropolymers in healthcare market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the global fluoropolymers in healthcare market.

A chemical substance called a fluoropolymer has links made of fluoride or carbon. It offers a variety of qualities, including stress cracking resistance, heat resistance, electrical & mechanical insulation, and chemical resistance. These characteristics open the door for fluoropolymers in various applications, from industrial films to coatings. Additionally, it is employed in construction, electrical, and electronic applications. The increase in demand from the end-use application sectors is the main factor driving the worldwide market expansion. Numerous advantageous characteristics of fluoropolymers exist. They have good dielectric uses and are very lubricating. As a result, they are seeing an increase in demand from the medical industry, particularly for surgical procedures. Plastic components are often used in various procedures, such as heart valves or corneas. Since these items are not biocompatible, they may harm the body. Additionally, this raises important long-term concerns for the patient's general health. This increases the appeal of using fluoropolymers in similar medical operations.

The global fluoropolymers in healthcare market might grow due to increased research efforts to design a more ecologically friendly fluoropolymer in the coming years. Fluoropolymers are useful for pharmaceutical and biopharmaceutical processing equipment due to their great chemical and heat resistance. Hard plastic made of polyvinylidene difluoride is both affordable and chemically resistant. There are several uses for fluoropolymer, including covering heat exchangers, autoclaves, vessels, and pumps. Other industries that employ it include the electrical, chemical, and automotive sectors. Additionally, it is used for residential and construction uses.

The global fluoropolymers in healthcare market is segregated based on product, application, and region. Based on product, the market is divided into PTFE, PVDF, PVF, FEP, PCTFE, PFA, and others. Among these, the PTFE segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on application, the market is classified into medical devices, pharmaceutical packaging, drug delivery, and others. The medical devices category dominated the market in 2021.

Due to an increase in the demand for fluoropolymers, the Asia-Pacific is predicted to be the fastest expanding region in the global fluoropolymers in healthcare market. The Asia-Pacific market is driven by sizable manufacturing hubs in China and India due to the rise in demand for high-quality medical, automotive, consumer, and electronics goods. The region's growing need for considerable healthcare, vehicles, and electronics are also expected to positively drive the market expansion. Expectations for the building and transportation industries in China, India, and Indonesia are expected to be favorable, as are any policies supporting local investment.

Key players functioning in the global fluoropolymers in healthcare market include DIC Corporation, AGC Inc., Dongyue Group Ltd., Solvay S.A., PolyOne Corporation, Kaneka Corp., Arkema Group, Saint Gobain S.A., and The Chemours Company.

Recent Development:

• November 2017: Honey increased production for its Aclar Pharmaceutical Film business to meet the pharmaceutical industry's increased demand worldwide.
• March 2018: Beginning, Quadrant will provide a laser-writable polyoxymethylene product to the worldwide engineering plastics industry. This product will enable Quadrant to meet the needs of the food and pharmaceutical sectors without risk of contamination.

Browse the full “Fluoropolymers in Healthcare Market by Product (PTFE, PVDF, PVF, FEP, PCTFE, PFA, Others), By Application (Medical Devices, Hospital Disposable, Pharma Packaging), and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/fluoropolymers-healthcare-market

Global fluoropolymers in healthcare market is segmented as follows:

By Product

• PTFE
• PVDF
• PVF
• FEP
• PCTFE
• PFA
• Others

By Application

• Medical Devices
• Hospital Disposable
• Pharma Packaging

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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