The construction and electrical and electronics markets will provide the fastest growth in fluoropolymer demand. Electrical and electronics will overtake industrial processing as the leading market for fluoropolymers. According to analyst Joseph Kocian, “This shift is in large part due to rapidly increasing demand for photovoltaic modules as interest in alternative energy sources such as solar power swells.” The construction market will exhibit the fastest growth of all markets, spurred by a rebound in the nonresidential construction segment where fluoropolymers find greatest use.
Demand for polyvinylidene fluoride (PVDF) and polyvinyl fluoride (PVF) will grow at the fastest rates through 2019. PVDF growth will benefit from a strong rebound in demand for architectural coatings, as well as increasing use in emerging markets such as advanced batteries for electric vehicles. PVF demand will rise rapidly from a
relatively small base, mainly fueled by stellar growth in demand for photovoltaic modules. Polytetrafluoroethylene (PTFE), which accounts for the largest share of fluoropolymer demand primarily due to its use in the industrial processing market, will see good growth prospects in chemical processing and industrial filtration.