The 5G fluoropolymers market experienced impressive growth of 60.3% in 2021 and is estimated to maintain its growth momentum (19.3% CAGR, value basis) over the next five years, reaching a value of US$ 437.3 million in 2027. In terms of volume, the market witnessed excellent growth in 2021, almost half of the growth of value, due to a spike in the price of materials in the wake of the demand-supply gap. The two major factors that will continue stirring the market demand are an ongoing surge in 5G infrastructure growth due to increasing demand for higher bandwidth by telecommunication companies and rising mobile subscriber penetration.
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