Fluoropolymers in Healthcare Market is set to hit of US$ 792.9 Million by 2033 at a CAGR of 5.3% by the forecast period 2033 end

The fluoropolymers in healthcare market exhibit significant growth potential in the United States, with a market size of US$150.8 million and a CAGR of 5.1%. The United Kingdom is also poised for expansion, with a projected CAGR of 4.6% by 2033.

/EIN News/ — NEWARK, Del, June 01, 2023 (GLOBE NEWSWIRE) — The fluoropolymers in healthcare market are predicted to be worth US$ 472.4 Million in 2023 and rise to US$ 792.9 Million by 2033. Initially, the global market was expanding at a CAGR of 4.4% from 2018 to 2022.

Given its superior heat stability and membrane-forming characteristics, polyvinylidene fluoride (PVDF) is frequently employed in scientific research and industrial operations. Fluoropolymers are being used more frequently in novel applications, and manufacturing methods for these materials are being improved through closed-loop upcycling. These two rising trends have a direct effect on the dynamics of the market.

The market is expected to expand quickly due to the increased use of fluoropolymers in implants for their greater chemical inertness and fatigue resistance. One of the industries with the most stringent regulations in the world is that of fluoropolymers.

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Fluoropolymer use is rising in the construction, automotive, medical, electrical, and electronics industries, which is what is driving this trend. The healthcare revolution has been greatly aided by the development of medical fluoropolymers.

Medical fluoropolymers have emerged as one of the few flexible materials capable of satisfying the industry’s changing expectations as healthcare technology has advanced.

Key Takeaways:

• By 2033, the United States is expected to show high potential in the fluoropolymers in healthcare market, with a size of US$ 150.8 million and a CAGR of 5.1%.
• The fluoropolymers in healthcare market were significantly expanding, with a size of US$ 450.9 million in 2022.
• The market shows amazing opportunities due to multiple applications, and expects an absolute opportunity of US$ 21.5 million during the forecast period.
• The expansion in China is anticipated to expand at an adequate CAGR of 5.9% % by 2033.
• By 2033, Germany is likely to expand the fluoropolymers in healthcare market, with a size of US$ 18.1 million.
• By 2033, the fluoropolymers in healthcare sector are likely to increase in Canada, with a size of US$ 19.3 million.
• The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 4.6% by 2033.
• Based on the product type, the Polytetrafluoroethylene (PTFE) segment expects a CAGR of 5.1% by 2033.
• Based on the application, hospital disposals continue to dominate the sector during the forecast period, with a CAGR of 5.9%.

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Key Strategies in the Industry:

Regional competitors who have strong distribution networks and a good grasp of suppliers and laws compete fiercely with global firms. The quality of the products offered, and the cutting-edge technology and innovation used in the production of fluoropolymers, are the primary factors on which businesses compete.

Recent Developments:

• SABIC unveiled a novel polycarbonate-based CRX copolymer resin in November 2020 that lowers the risk of premature failure due to environmental stress cracking (ESC) in housings and devices for medical equipment.
• Eastman Chemical Corporation introduced Tritan, a recycled co-polyester consisting of 50% recycled plastic, in June 2020. The goal of this action is to use recycled plastics more frequently.
• The KCI subsidiary of Acelity, Inc. and the 3M Corporation were acquired. In order to utilize 3M’s metal mesh technology, the company also agreed into a royalty-bearing patent license arrangement with LG-Innotek (LGIT).

Major Players:

• DIC Corporation
• AGC Inc.
• Dongyue Group Ltd.
• Solvay S.A.
• PolyOne Corporation
• Kaneka Corp.
• Arkema Group
• Saint Gobain S.A.
• The Chemours Company

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Key Segmentation:
By Product Type:

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

By Application:

• Medical Devices
• Hospital Disposable
• Pharma Packaging

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa (MEA)

Table of Content (ToC):

1. Executive Summary | Fluoropolymers in Healthcare Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. PTFE

        5.3.2. PVDF

        5.3.3. PVF

        5.3.4. FEP

        5.3.5. PCTFE

        5.3.6. PFA

        5.3.7. Others

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-12433

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