Faster growth forecast for fluropolymers in USA

Fluoropolymers are set to replace other materials as emerging design trends that require superior performance characteristics, in key applications such as wire and cable, motor vehicles and architectural coatings. A 5.7% annual growth up to 2011 has been forecast for fluoropolymers (including fluorelastomers) by the Freedonia research group. This rate of growth is faster than the 4.0% growth recorded in 2001-2006. The US market will be worth $1.86bn in 2011, compared with $1.41bn in 2006. Electrical and electronic products are expected to account for 37% of total US demand for fluoropolymers. PTFE demand will expand at the below average rate of 4.7% pa to grow to US$455 mln in 2011. The below average growth is being attributed to maturity of the market in applications like non-stick coatings and industrial components. PVDF is expected to have the fastest rise among all major fluoropolymers, growing from US$209 mln in 2006 to US$276 mln in 2011. Demand for PVDF-based architectural coatings will benefit from strength in non-residential construction. FEP demand is forecast to grow by 5.3% pa to US$319 mln in 2011. Fluorelastomers will record a 5.4% pa growth to reach US$365 mln. PFA and PVF will benefit from demand in microelectronics processing equipment and solar energy products, respectively.
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