In Q1 2023, Asian fluoropolymer prices were influenced by Chinese economic policies, overseas orders, and end-user sector inquiries, leading to fluctuations. A gradual Q2 decline followed due to economic slowdown and weakened trading activities in Asia Pacific. In Europe, Q1 saw rising fluoropolymer prices due to inflation and increased interest rates, though slow German economy and cautious spending posed challenges. Q2 witnessed improved consumption rates driven by positive automotive industry movement, inclining freight charges, and major market growth, supporting price rise. North America experienced an upward trend due to Asian imports and slow supply, sustained by Q2 demand from automobile industries, better customer consumption rates, and fluctuating freight charges.
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Definition
Key Details About the Fluoropolymer Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Fluoropolymer in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Fluoropolymer Price chart, including India Fluoropolymer price, USA Fluoropolymer price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Fluoropolymer Price Trend:
Fluoropolymer find extensive industrial use due to their exceptional properties. In the electronics industry, they are employed for insulation of wiring, cable jackets, and printed circuit boards due to their high dielectric strength and thermal stability. In aerospace applications, they serve as coatings for aircraft components, providing resistance to extreme temperatures and corrosive chemicals. In automotive sectors, they are used in fuel hoses, gaskets, and seals due to their chemical resistance and durability. In chemical processing, their nonstick and chemical-resistant properties make them ideal for linings, gaskets, and valve diaphragms. These applications underscore the vital role Fluoropolymer play across industries.
Key Players:
- Mitsubishi Chemical Advanced Materials
- AGC Chemicals Americas Inc
- Honeywell International Inc
- Daikin Industries Limited
- Amco Polymers
- Solvay SA
- Saint-Gobain Performance Plastics
News and Recent Developments:
The European Chemicals Agency released a proposal from five member countries in February to ban per- and polyfluoroalkyl substances (PFAS) having at least one fully fluorinated carbon atom—roughly 10,000 compounds in all, including popular Fluoropolymer. Member states would vote on a ban in 2025; if passed, exemptions for fluorinated compounds that cannot be replaced with alternative chemistries would be phased out over 7-12 years.
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