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High Performance Fluoropolymer Market Report
The High Performance Fluoropolymer Market is Segmented by Product Type (PTFE, FEP, PFA/MFA, ETFE, and Others), by Form Type (Coatings, Films & Membranes, Tubes, and Others), by End-Use Industry Type (Industrial Processing, Chemical Processing, Oil & Gas, Power Plants, Water Treatment, Food Processing, Transportation, Electrical & Electronics, Medical, and Others), and by Region ...
Impact of COVID-19 on High Performance Fluoropolymer Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
High performance fluoropolymer market is likely to witness a healthy CAGR of 6.8% during the forecast period. The increasing demand for polymer from various end-use industries, owing to its new application development and growing use in PV installations, are the major factors driving the growth of the market for high performance fluoropolymers during the forecast period.
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High Performance Fluoropolymer Market - Snapshot |
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Growth |
6.8% for the next five years |
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Major Product Type |
PTFE |
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Major Form Type |
Coatings |
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Dominant End-Use Industry Type |
Industrial Processing |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
The 3M Company, AGC Inc., China Reform Culture Holdings Co., Ltd., Daikin Industries, Ltd., Dongyue Group, Gujarat Fluorochemicals Limited (GFL), Halopolymer, OJSC, Hubei Everflon Polymer Co. Ltd., Solvay S.A., and The Chemours Company. |
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Based on the product type, the market is segmented as PTFE, FEP, PFA/MFA, ETFE, and others. The PTFE segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. It has wide usage in various applications such as electrical appliances, semiconductors, non-stick cookware, and automotive components, which is driving the growth of the segment. On the other hand, the electrical & electronics industry is estimated to bring in huge demand for PTFE for the production of advanced batteries, which is a major factor contributing to the growth of the market.
Based on the form type, the market is segmented as coatings, films & membranes, tubes, others. The coatings segment is expected to remain dominant during the forecast period as it has certain properties, such as excellent oxidative stability, electrochemical properties, boiling point, and high energy and stronger C-F bond, which fulfill the coating parameters in various industries. In addition, the high demand for high performance fluoropolymers in coating form for numerous substrates, such as plastics, metals, fibers, wire & cables, and glass, is fueling the growth of the segment.
Based on the end-use industry type, the high performance fluoropolymer market is segmented as industrial processing, chemical processing, oil & gas, power plants, water treatment, food processing, transportation, electrical & electronics, medical, others. The industrial processing segment leads the market, owing to usage of high performance fluoropolymer in a wide range of equipment and machineries and in industrial processing in various forms, such as coatings, films & membranes, tubing and liners, shaft seals, manufacturing pumps & valves, friction bearings, and sliding elements.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for high performance fluoropolymer during the forecast period, owing to highly populated countries, such as China and India and the presence of a vast majority of high performance fluoropolymer manufacturers in the region. China is estimated to be the largest market of the Asia-Pacific region, due to the presence of a large base of automotive, chemical, electronics, and medical industries. Surge in production of electronics and automobiles is further driving the market for high performance fluoropolymer in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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High performance fluoropolymers are fluorocarbons containing polymers that possess extraordinary high-performance material properties. They display superior characteristics such as superior mechanical and thermal stability, electrical insulation, and superior chemical resistance at high temperature which makes them the preferred choice in various industries, such as in industrial processing, chemical processing, transportation, etc.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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High Performance Fluoropolymer Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The high-performance fluoropolymer market is segmented into the following categories.
Some of the major high performance fluoropolymer manufacturers are -
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The high-performance fluoropolymer market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.
The 3M Company, AGC Inc., China Reform Culture Holdings Co., Ltd., Daikin Industries, Ltd., Dongyue Group, Gujarat Fluorochemicals Limited (GFL), Halopolymer, OJSC, Hubei Everflon Polymer Co. Ltd., Solvay S.A., and The Chemours Company are among the key players in the high-performance fluoropolymer market.
Asia-Pacific is expected to be the largest high-performance fluoropolymer market during the next five years.
The PTFE segment is expected to remain dominant in the high-performance fluoropolymer market in the coming years.
The increasing demand for polymer from various end-use industries, owing to its new application development and growing use in PV installations are the factors driving the growth of high-performance fluoropolymer market.
The coatings segment is expected to remain dominant form type in the high-performance fluoropolymer market in the coming years.
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