HOME Press Releases High Performance Fluoropolymers Market worth 5.08 Billion USD by 2022



High Performance Fluoropolymers Market worth 5.08 Billion USD by 2022


The report "High Performance Fluoropolymers Market by Type (FPTFE, FEP, PFA/MFA, ETFE), End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North America, Asia Pacific, Europe) - Global Forecast to 2022", The market size of high performance fluoropolymers is estimated to grow from USD 3.69 Billion in 2017 to USD 5.08 Billion by 2022, at a CAGR of 6.6%. The market is driven due to the replacement of conventional materials by HPFs in various end-use industries, such as electrical & electronics, medical, industrial processing, and transportation, for high temperature applications, as well as improved regulations by the regional environment associations.

                                                   Request Sample                        Request Sample

Browse 63 Market Data Tables and 34 Figures spread through 128 Pages and in-depth TOC on "High Performance Fluoropolymers Market by Type (FPTFE, FEP, PFA/MFA, ETFE), End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North America, Asia Pacific, Europe) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html
Early buyers will receive 10% customization on reports.

PTFE is most widely used resin type in the HPFs market

High performance fluoropolymers are of various types. PTFE, FEP, PFA/MFA, and ETFE are the main types considered in the report. The PTFE segment accounted for the largest market share, in terms of both value as well as volume, followed by FEP and PFA/MFA segments in 2016. The PTFE segment captures the largest market share due to its high demand in various applications, vast availability, and better properties For example, PTFE’s high chemical resistance makes it convenient for fittings and in equipment for chemical and food processing industries. In addition, it is used to manufacture products such as seals, piston rings, and bearings in the industrial equipment industry. It is available at a lower price as compared to other high performance fluoropolymers. It is also the most extensively used HPF for non-stick coating on pans and other cookware applications.

Industrial processing segment projected to lead the HPFs market

High performance fluoropolymers are used in various end-use industries, such as industrial processing, transportation, electrical & electronics, medical, and others. The industrial processing end-use industry was estimated to account for the largest market share in 2016, in terms of value as well as volume, followed by transportation, electrical & electronics, and medical industries. This high demand in industrial processing is due to the high heat and chemical resistance properties of HPFs, which provide better efficiency over traditional materials in various applications in industrial processing. In this industry, HPFs are widely used in chemical processing, food production, textile processing, oilfield equipment, and pharmaceutical processing.

North America: The largest market for high performance fluoropolymers

North America is currently the largest market for HPFs owing to its fast pace of economic advancement and huge demand from a wide range of industries such as electrical & electronics, chemical, and automobiles. In addition, the increasing usage of HPFs in wire & cable and semiconductor production in the electrical & electronics industry to fulfill the increasing demand for high-speed data transfer over long distances is driving the market in the US. The US is the largest market for HPFs in the North American region.
Forces driving the market for HPFs in North America are:

  • Presence of major manufacturers of HPFs in the region
  • Growing end-use industries, such as transportation, electrical & electronics, and medical in major countries such as the US and Canada

Key players in the high performance fluoropolymers market are The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), and Gujarat Fluorochemicals Limited (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports