The production of fluoropolymers in France saw fluctuations over the years. Beginning from zero production levels in 2013-2015, the industry saw a substantial rise in 2016 to 16.92 million kilograms. The highest growth was observed in 2018 and 2019, with year-on-year increases of 28.36% and 18.8%, respectively. However, 2020 saw a significant downturn of 35.32%. The industry rebounded with a 47.57% increase in 2021, followed by a slight decline of 15.97% in 2022. By 2023, production stood at 20.06 million kilograms, reflecting a 9.09% increase from the previous year. The CAGR over the last five years (2019-2023) was 0.78%. Looking forward, production is forecasted to grow at an average annual rate (CAGR) of 2.75% from 2024 to 2028, with an overall growth rate of 14.55% in this period.
Future trends to watch for:
- Technological advancements driving production efficiency.
- Environmental regulations influencing production practices.
- Diversification in application areas boosting demand.
- Global supply chain dynamics affecting raw material availability.
