Saudi Arabia Fluoropolymer Market
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Saudi Arabia Fluoropolymer Market, By Sub Resin Type (Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinyl Fluoride (PVF), Polyvinylidene Fluoride (PVDF)); By End Use Industry (Aerospace, Automotive, Building & Construction, Electrical & Electronics, Industrial & Machinery, Others (Packaging)), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: July 2024
- Report ID:
- Available Format: PDF
- Page: 200
Report Overview
The Saudi government’s supportive Initiatives for infrastructure development and advanced manufacturing and further expansion of oil and gas sector are expected to boost the growth of Saudi Arabia Fluoropolymer Market during the forecast period between 2024 and 2030.Saudi Arabia Fluoropolymer Market - Industry Trends & Forecast Report, 2030
Saudi Arabia Fluoropolymer Market size was estimated to be worth USD 401.8 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Fluoropolymer Market size is projected to grow at a CAGR of 4.50%, reaching a value of USD 544.2 million by 2030. Major growth factors for Saudi Arabia Fluoropolymer Market include its rising application across various industries, including oil and gas, electronics, chemical processing, automotive, and others. The expanding construction activities and rising investment in boosting the domestic automotive production sector are anticipated to propel the growth of Saudi Arabia Fluoropolymer Market over the forecast period.
Fluoropolymer – Overview
Fluoropolymers are a class of high performance plastics that is distinguished by their robust carbon-fluorine (C-F) linkages. In situations where temperature resistance is required, fluoropolymers aid in creating nonstick surfaces. They are utilized in gaskets and seals, lined pipes, pumps, valves, and tank and reactor linings. They are essential for maintaining the safety of various chemical systems and equipment, as well as the safety of employees and the general public. Fluoropolymer coatings extend the life and improve the functionality of the goods they are applied to by providing protection.
Saudi Arabia Fluoropolymer Market
Growth Drivers
Government’s Initiatives for Infrastructure Development
The rapid urbanization and infrastructure development under Vision 2030 is directly fueling the growth of Saudi Arabia Fluoropolymer Market. Fluoropolymers are extensively used in the construction sector as architectural coating and building materials. These materials are highly stable and have a range of exceptional properties, including chemical resistance, thermal stability, and electrical insulation. Owing to their high weather and chemical resistance, fluoropolymers are used as window and glass panel coatings and roofing materials for large structures with limit support, such as industrial warehousing, airports, and sports facilities.
Challenges
Negative Health Impact associated with Fluoropolymer
The negative impact of fluoropolymer on humans, animals, and environment may act as major barrier to the growth of Saudi Arabia Fluoropolymer Market. Respiratory and flu-like symptoms typically appear suddenly after being exposed to waterproofing chemicals containing fluoropolymer, which can cause lung harm. In addition to harming human health, fluoropolymer is also threat to environment as well. Fluoropolymers are non-biodegradable, and highly resistant to heat, moisture, and common chemicals. Stringent government regulations in many countries surrounding sustainability may limit the growth of Saudi Arabia Fluoropolymer Market during the period in analysis.
Saudi Arabia Fluoropolymer Market
Segmental Coverage
Saudi Arabia Fluoropolymer Market – By Sub Resin Type
On the basis of sub resin type, Saudi Arabia Fluoropolymer Market is segmented into ethylene tetrafluoroethylene (ETFE), fluorinated ethylene-propylene (FEP), polytetrafluoroethylene (PTFE), polyvinyl fluoride (PVF), and polyvinylidene fluoride (PVDF). The polytetrafluoroethylene (PTFE) segment holds the largest share in Saudi Arabia fluoropolymer market. The use of PTFE as a Teflon coating in kitchen cookware acts as a major driving factor for its market growth. PTFE provides a nonstick coating for cookware owing to its unique properties, such as hydrophobicity, nonreactivity, resistance to heat, and low temperature.
Saudi Arabia Fluoropolymer Market – By End User Industry
Based on end user industry, Saudi Arabia Fluoropolymer Market is segmented into aerospace, automotive, building & construction, electrical & electronics, industrial & machinery, and others (including packaging). The industrial & machinery segment dominates Saudi Arabia Fluoropolymer Market. Fluoropolymers provide smooth movement and lubrication to minimize friction between items like metal-on-metal, plastic-on-plastic, and plastic-on-plastic. It is widely utilized in industrial applications, including heat exchangers, membranes & filtration, chemical processing, and pharmaceutical processing equipment. However, the building & construction sector also covers a substantial market share.
Competitive Landscape
Major players in Saudi Arabia Fluoropolymer Market include 3M Company, Arkema S.A., Solvay Group, BASF SE, Mitsubishi Chemical Corporation, Daikin Industries Ltd., DuPont, and AGC Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Sub Resin Type, End Use Industry |
Key Players |
3M Company, Arkema S.A., Solvay Group, BASF SE, Mitsubishi Chemical Corporation, Daikin Industries Ltd., DuPont, AGC Inc. |
By Sub Resin Type
-
Ethylene Tetrafluoroethylene (ETFE)
-
Fluorinated Ethylene-propylene (FEP)
-
Polytetrafluoroethylene (PTFE)
-
Polyvinyl Fluoride (PVF)
-
Polyvinylidene Fluoride (PVDF)
By End Use Industry
-
Aerospace
-
Automotive
-
Building & Construction
-
Electrical & Electronics
-
Industrial & Machinery
-
Others (including Packaging)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Fluoropolymer Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Expansion of Oil and Gas Sector in Saudi Arabia
- Thriving End-User Industries
- Government Initiatives for Infrastructure Development and Advanced Manufacturing
- Restraints
- High Cost of Fluoropolymers
- Increasing Environmental Concerns
- Opportunities
- Development of Eco-Friendly Fluoropolymers with Improved Recyclability and Lower Environmental
- Innovations in Fluoropolymer Processing and Applications in Emerging Fields
- Challenges
- Fluctuating Oil Prices
- Competition from Alternative Materials
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Fluoropolymer Market: Marketing Strategies
- Saudi Arabia Fluoropolymer Market: Pricing Analysis
- Saudi Arabia Fluoropolymer Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Sub Resin Type
- Ethylenetetrafluoroethylene (ETFE)
- Fluorinated Ethylene-propylene (FEP)
- Polytetrafluoroethylene (PTFE)
- Polyvinylfluoride (PVF)
- Polyvinylidene Fluoride (PVDF)
- By End Use Industry
- Aerospace
- Automotive
- Building & Construction
- Electrical & Electronics
- Industrial & Machinery
- Others (including Packaging)
- By Sub Resin Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Products
- Saudi Arabia Fluoropolymer Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Fluoropolymer Market
- Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- 3M Company
- Arkema S.A.
- Solvay Group
- BASF SE
- Mitsubishi Chemical Corporation
- Daikin Industries Ltd
- DuPont
- AGC Inc.
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Fluoropolymer Segmentation
Figure 2 Saudi Arabia Fluoropolymer Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Fluoropolymer Market Application, By Value (USD Million), 2019–2030
Figure 5 Saudi Arabia Fluoropolymer Market Application, By Volume (Thousand Tons), 2019–2030
Figure 6 Saudi Arabia Fluoropolymer Market Share, By Sub Resin Type, By Value (USD Million), 2019–2030
Figure 7 Saudi Arabia Fluoropolymer Market Share, By Sub Resin Type, By Volume (Thousand Tons), 2019–2030
Figure 8 Saudi Arabia Fluoropolymer Market Share, By End Use Industry, By Value (USD Million), 2019–2030
Figure 9 Saudi Arabia Fluoropolymer Market Share, By End Use Industry, By Volume (Thousand Tons), 2019–2030
List of Tables
Table 1 Saudi Arabia Fluoropolymer Market Application, By Value (USD Million), 2019–2030
Table 2 Saudi Arabia Fluoropolymer Market Application, By Volume (Thousand Tons), 2019–2030
Table 3 Saudi Arabia Fluoropolymer Market Share, By Sub Resin Type, By Value (USD Million), 2019–2030
Table 4 Saudi Arabia Fluoropolymer Market Share, By Sub Resin Type, By Volume (Thousand Tons), 2019–2030
Table 5 Saudi Arabia Fluoropolymer Market Share, By End Use Industry, By Value (USD Million), 2019–2030
Table 6 Saudi Arabia Fluoropolymer Market Share, By End Use Industry, By Volume (Thousand Tons), 2019–2030
Table 7 3M Company - Company Overview
Table 8 3M Company Financial Overview
Table 9 Arkema S.A. Company Overview
Table 10 Arkema S.A. Financial Overview
Table 11 Solvay Group Company Overview
Table 12 Solvay Group Financial Overview
Table 13 BASF SE Company Overview
Table 14 BASF SE Financial Overview
Table 15 Mitsubishi Chemical Corporation Company Overview
Table 16 Mitsubishi Chemical Corporation Financial Overview
Table 17 Daikin Industries Ltd. Company Overview
Table 18 Daikin Industries Ltd. Financial Overview
Table 19 DuPont Company Overview
Table 20 DuPont Financial Overview
Table 21 AGC Inc. Company Overview
Table 22 AGC Inc. Financial Overview
Market Segmentation
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