The High-Performance Fluoropolymers Industry is a sector of the chemical industry that focuses on the production and use of high-performance fluoropolymers. Fluoropolymers are a type of polymer that contain fluorine atoms in their molecular structure, which gives them unique properties such as high chemical resistance, high temperature resistance, low friction, and non-stick properties. High-performance fluoropolymers are used in a variety of industries such as automotive, aerospace, electronics, chemical processing, and medical devices. They are used to create products such as wire and cable insulation, fuel hoses, gaskets, seals, bearings, and coatings.
The high-performance fluoropolymer (HPF) market is projected to grow from USD 3.7 billion in 2021 to USD 5.1 billion by 2026, at a CAGR of 6.8% during the forecast period. The growth of the high-performance fluoropolymers industry can be attributed to its high demand from various end-use industry and growing demand from renewables. The report describes the profile of the top manufacturers of the global High-Performance Fluoropolymers market. It also covers segments such as competitor segment, form segments, type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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High-Performance Fluoropolymers Market Drivers
The high-performance fluoropolymers market is driven by several factors, including:
- Growing Demand from Various Industries
- Rapid Industrialization
- Technological Advancements
- Growing Demand for Lightweight and Fuel-Efficient Vehicles
- Increasing Demand for High-Performance Plastics
- Stringent Regulations
- Growing Demand for Medical Devices
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High-Performance Fluoropolymers Market Top Key Players
- Chemours Company (US)
- Daikin Industries, Ltd. (Japan)
- 3M (US)
- Solvay (Belgium)
- AGC, Inc. (Japan)
- The Dongyue Group (China)
- GFL Limited (India)
- Halopolymer (Russia)
- Fluoroseals SpA (Italy)
- Hubei Everflon polymer (China)
AGC (Japan) was one of the key players in the HPF market in 2020. It is primarily engaged in the production and marketing of glass, electronic materials, chemicals, and ceramics globally.
The Chemours Company is one of the leading providers of performance chemicals. It is a pioneer in fluoropolymers products and has renowned brands, namely, Teflon, Zonyl, and Tefzel, that have acquired a significant share in the market.
Gujarat Fluorochemicals Limited (GFL) is a market leader in fluoropolymers, industrial gases, chemicals, energy, and entertainment. It was the fourth-largest producer of PTFE globally in 2020 and had a sales & distribution network across 50 countries across the globe.
Recent Developments
- In November 2020, AGC Inc. expanded the production capacity of Fluon+EA-2000 fluorinated resin by establishing a new production facility in Japan. The expansion aims to meet the growing demand for a 5G network.
- In October 2019, Solvay provided Halar ECTFE based water-borne coating system to Southwest Impreglon. Halar ECTFE provides corrosion protection to uneven surfaces, pipe interiors, vessels, tanks, and containers. This partnership aims to meet the customer-specific needs of coating redesigned equipment.
- In May 2019, Dongyue Group announced plans to expand the dispersion resin and concentrated emulsion PTFE production capacity of its Zibo plant in China. This expansion has been undertaken to cater to the growing demand for PTFE from Europe, North America, South America, and Southeast Asia.
- In March 2019, Solvay launched the Halar ECTFE anti-corrosion coating system that exhibits the properties of Halar ECTFE. It caters to various industries such as food & beverage, pulp & paper, semiconductor, mining, and pharmaceutical. This development aims to provide improved work environment conditions for the production line and sprayers.
- In 2018, AGC Inc. expanded the production capacity of Fluon+EA-2000 fluorinated resin by establishing a new production facility in Japan. The expansion aims to meet the growing demand for a 5G network.
- In August 2017, Daikin Industries established Daikin Chemical Southeast Asia Co., Ltd. (China). This expansion is aimed to expand its fluoropolymer business in Southeast Asia.
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High-Performance Fluoropolymers Market Segmentation
PTFE accounted for the largest share in total HPF market
PTFE is the most widely used type of HPF and accounted for the largest market share. There is an increase in the use of dispersion and fine powder PTFE, for various applications, especially in North America and APAC. It is used in a wide range of applications such as semiconductor, automotive components, electrical appliances, and non-stick cookware. The growing applications in the electrical & electronics industry are expected to trigger the demand for PTFE, especially in advanced batteries and fuel cells.
Granular/ Suspension segment accounted for the largest market share in the HPF market
HPF market is segmented into various forms such as suspension/granules, Fine powder & dispersion, and micropowder. HPF in the form of suspension/granules dominate the market. HPF exhibit excellent properties, such as good insulation, low surface energies, and high resistance to oils, UV radiation, chemicals, water, and corrosion.
Coatings & Liners segment accounted for the largest market share
Based on applications, the HPF market is segmented into coatings & liners, components, films, and additives. The market in coatings & liners is estimated to account for the largest share during the forecast period.
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Electrical & Electronics segment accounted for the largest market share
HPFs market is segmented on the basis of end-use industry as industrial processing, transportation, medical, electrical & electronics, and others. The increased usage of HPF in wire coatings, cable coatings, fiber optics, and electrical systems in aircraft, computers, and other applications.
Table of Contents:
- Executive Summary
- Scope/opportunities of the High-Performance Fluoropolymers Market Report
- Research Methodology
- High-Performance Fluoropolymers Market Landscape
- SWOT Analysis
- Market Sizing
- High-Performance Fluoropolymers Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Aerosol Cans Market Key Trends
- Players Landscape
- Players Analysis
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