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Fluoropolymers Market Report by Product Type, Application, End Use Industry, and Region 2024-2032

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    Report

  • 143 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5912133
Description Jump to:
The global fluoropolymers market size reached US$ 8.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.34% during 2023-2032.

Fluoropolymers are lightweight and durable plastic resins with a strong carbon-fluoride bond. They are chemically inert and have broad temperature ranges, low friction, and excellent dielectric, wear, and thermal insulation properties. As a result, they are used in industries requiring thermal stability, cryogenic properties, chemical flame resistance, high volume and surface resistivity, and low coefficient friction, surface energy, and dielectric constant. Presently, they are available in several forms, including granulate, films, paste, dispersion, and melt-processable, which can resist heat, water, and salt and perform well in harsh environments.

Fluoropolymers Market Trends:

The market growth of fluoropolymers can be attributed to their wide applications in different industry verticals across the globe. For instance, they are used in the electronics industry as durable, low maintenance, and economical alternatives to exotic metals. Furthermore, they function as insulation materials in manufacturing flexible printed circuits and ultrapure components of semiconductors. They are also utilized for making fabrics, non-stick coatings for cookware, and fiberglass composites in construction work on account of their flame retardancy, thermal stability, weatherability, and friction properties.

Apart from this, boosting sales of vehicles across the globe are increasing the application of fluoropolymers in the automotive industry for O-rings, gaskets, shaft seals, valve stem seals, fuel hoses linings, and power steering. Moreover, they are gaining traction in the chemical processing industry for coatings heat exchangers, pumps, diaphragms, impellers, tanks, reaction vessels, autoclaves, containers, flue duct expansion joints, and heavy-wall solid pipes. Furthermore, due to the rising prevalence of chronic medical conditions, fluoropolymers are employed in the healthcare industry for manufacturing cardiovascular grafts, ligament replacement, heart patches, and other medical devices around the world.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global fluoropolymers market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

  • PTFE
  • FEP
  • PVDF
  • Fluoroelastomer
  • PVF
  • PFA
  • ETFE
  • Others

Breakup by Application:

  • Films and Sheets
  • Tubes and Pipes
  • Membrane
  • Sealant
  • Roofing
  • Additives
  • Others

Breakup by End Use Industry:

  • Transportation Equipment
  • Electrical and Electronics
  • Construction
  • Industrial Equipment
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., Arkema S.A, Compagnie de Saint-Gobain S.A, Daikin Industries Ltd., Dongyue Group, DuPont de Nemours Inc., Honeywell International Inc., Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, Shin-Etsu Chemical Co. Ltd, Solvay S.A. and The Chemours Company.

Key Questions Answered in This Report:

  • How has the global fluoropolymers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global fluoropolymers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global fluoropolymers market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fluoropolymers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 PTFE
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 FEP
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PVDF
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Fluoroelastomer
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 PVF
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 PFA
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 ETFE
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Application
7.1 Films and Sheets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Tubes and Pipes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Membrane
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sealant
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Roofing
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Additives
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Transportation Equipment
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial Equipment
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AGC Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Arkema S.A
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Compagnie de Saint-Gobain S.A
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Daikin Industries Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Dongyue Group
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 DuPont de Nemours Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Honeywell International Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Mitsubishi Chemical Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Saudi Basic Industries Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Shin-Etsu Chemical Co. Ltd
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Solvay S.A.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 The Chemours Company
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Fluoropolymers Market: Major Drivers and Challenges
Figure 2: Global: Fluoropolymers Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Fluoropolymers Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Fluoropolymers Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Fluoropolymers Market: Breakup by Application (in %), 2023
Figure 6: Global: Fluoropolymers Market: Breakup by End Use Industry (in %), 2023
Figure 7: Global: Fluoropolymers Market: Breakup by Region (in %), 2023
Figure 8: Global: Fluoropolymers (PTFE) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Fluoropolymers (PTFE) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Fluoropolymers (FEP) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Fluoropolymers (FEP) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Fluoropolymers (PVDF) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Fluoropolymers (PVDF) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Fluoropolymers (Fluoroelastomer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Fluoropolymers (Fluoroelastomer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Fluoropolymers (PVF) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Fluoropolymers (PVF) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Fluoropolymers (PFA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Fluoropolymers (PFA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Fluoropolymers (ETFE) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Fluoropolymers (ETFE) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Fluoropolymers (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Fluoropolymers (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Fluoropolymers (Films and Sheets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Fluoropolymers (Films and Sheets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Fluoropolymers (Tubes and Pipes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Fluoropolymers (Tubes and Pipes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Fluoropolymers (Membrane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Fluoropolymers (Membrane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Fluoropolymers (Sealant) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Fluoropolymers (Sealant) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Fluoropolymers (Roofing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Fluoropolymers (Roofing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Fluoropolymers (Additives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Fluoropolymers (Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Fluoropolymers (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Fluoropolymers (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Fluoropolymers (Transportation Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Fluoropolymers (Transportation Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Fluoropolymers (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Fluoropolymers (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Fluoropolymers (Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Fluoropolymers (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Fluoropolymers (Industrial Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Fluoropolymers (Industrial Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Global: Fluoropolymers (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Global: Fluoropolymers (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: North America: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: North America: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United States: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United States: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Canada: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Canada: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Asia-Pacific: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Asia-Pacific: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: China: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: China: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Japan: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Japan: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: India: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: India: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: South Korea: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: South Korea: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Australia: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Australia: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Indonesia: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Indonesia: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Europe: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Europe: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Germany: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Germany: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: France: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: France: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: United Kingdom: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: United Kingdom: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Italy: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Italy: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Spain: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Spain: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Russia: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Russia: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Others: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Others: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Latin America: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Latin America: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Brazil: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Brazil: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Mexico: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Mexico: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Others: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Others: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 94: Middle East and Africa: Fluoropolymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 95: Middle East and Africa: Fluoropolymers Market: Breakup by Country (in %), 2023
Figure 96: Middle East and Africa: Fluoropolymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 97: Global: Fluoropolymers Industry: SWOT Analysis
Figure 98: Global: Fluoropolymers Industry: Value Chain Analysis
Figure 99: Global: Fluoropolymers Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Fluoropolymers Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Fluoropolymers Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Fluoropolymers Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Fluoropolymers Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 5: Global: Fluoropolymers Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Fluoropolymers Market: Competitive Structure
Table 7: Global: Fluoropolymers Market: Key Players

Companies Mentioned

  • 3M Company
  • AGC Inc.
  • Arkema S.A
  • Compagnie de Saint-Gobain S.A
  • Daikin Industries Ltd.
  • Dongyue Group
  • DuPont de Nemours Inc.
  • Honeywell International Inc.
  • Mitsubishi Chemical Corporation
  • Saudi Basic Industries Corporation
  • Shin-Etsu Chemical Co. Ltd
  • Solvay S.A.
  • The Chemours Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 8.6 Billion
Forecasted Market Value ( USD ) by 2032 $ 12.6 Billion
Compound Annual Growth Rate4.3%
Regions CoveredGlobal
No. of Companies Mentioned13

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About the Fluoropolymer Market

Fluoropolymers are a type of plastic that are characterized by their high resistance to heat, chemicals, and corrosion. They are used in a variety of applications, including automotive, aerospace, medical, and industrial. Fluoropolymers are also used in the production of coatings, adhesives, and sealants. Fluoropolymers are typically more expensive than other types of plastics, but their superior performance makes them a popular choice for many applications. They are also highly durable and can withstand extreme temperatures and harsh chemicals. Fluoropolymers are used in a variety of industries, including automotive, aerospace, medical, and industrial. They are used in the production of coatings, adhesives, and sealants, as well as in the manufacture of electrical components and medical devices. Fluoropolymer manufacturers include DuPont, Solvay, 3M, Daikin, and Asahi Glass. These companies produce a variety of fluoropolymer products, including polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and ethylene tetrafluoroethylene (ETFE). Show Less Read more

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