High-Performance Fluoropolymers Market by 2026 covers Size, Share, Upcoming Trends Segmentation, Opportunities and Forecast

 The global high performance fluoropolymers (HPF) market size is estimated to be USD 3.7 billion in 2021 and is projected to reach USD 5.1 billion by 2026, at a CAGR of 6.8%, during the forecast period. The market research report provides an in-depth exploration of the high performance fluoropolymers market trends, challenges, and opportunities within this dynamic market landscape. HPF is used mainly in industrial processing, transportation, electrical & electronics, and medical, among others. It is used for manufacturing various products such as coatings, films, membranes, tubes, wire & cable, seals, gaskets, liners, mechanical parts, and many others in these industries. High chemical & temperature resistance, excellent dielectric properties, and lightweight are some of the characteristics owing to which the demand for high performance fluoropolymers is high in the electrical and electronics and industrial processing segment.

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High-Performance Fluoropolymers Market Key Players

The key players in the HPF market are The 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) and Hubei Everflon polymer (China). Investment & Expansion is the key growth strategy adopted by key HPF manufacturers. Apart from this, merger & acquisitions and new product launch are other strategies adopted by manufacturers between 2017 and 2021.

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. It has 210 subsidiaries and has a presence in 30 countries across APAC, Europe, North America, South America, and the Middle East & Africa. It has a strong foothold across the APAC region, contributing around 70% of the group’s revenue. The company has adopted organic growth strategies to increase its market share and revenue.

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. The company has been focusing on organic strategies to maintain its competitive position in the HPF market.

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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. The extensive geographical presence helped the company capture a significant market share and maintained its leadership in the high performance fluoropolymers market. It accounted for over 11% of the global fluoropolymer market share with the help of its worldwide presence and 20,000 tons of PTFE production capacity.

Drivers, Opportunities and Challenges in Digital Printing Packaging  Market:

• Drivers: High growth in end-use industries
• Restraint: Higher cost of high performance fluoropolymes than of convebtional materials
• Opportunity: Emerging market for melt-processable fluoropolymers
• Challenge: Intense price competition from Chinese manufacturers

Key Findings of the Study:

• PTFE accounted for the largest share in total HPF market
• Granular/ Suspension segment accounted for the largest market share in the HPF market
• Coatings & Liners segment accounted for the largest market share
• Electrical & Electronics segment accounted for the largest market share
• APAC is projected to be the fastest-growing HPF market

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
           TABLE 1 HIGH PERFORMANCE FLUOROPOLYMERS MARKET: INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 HIGH PERFORMANCE FLUOROPOLYMERS MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 1 HIGH PERFORMANCE FLUOROPOLYMERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                               TABLE 2 PRIMARY INTERVIEWS – DEMAND AND SUPPLY SIDES
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 HIGH PERFORMANCE FLUOROPOLYMERS MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 MARKET: TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: APPROACH 1
                    FIGURE 5 MARKET SIZE ESTIMATION: APPROACH 2

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3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 6 PTFE ACCOUNTED FOR LARGEST SHARE IN HIGH PERFORMANCE FLUOROPOLYMERS MARKET IN 2020
    FIGURE 7 GRANULAR FORM ACCOUNTED FOR LARGEST SHARE IN  MARKET IN 2020
    FIGURE 8 INDUSTRIAL PROCESSING TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 9 ASIA PACIFIC LED MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN HIGH PERFORMANCE FLUOROPOLYMERS MARKET
           FIGURE 10 HIGH GROWTH OPPORTUNITIES IN INDUSTRIAL, TELECOMMUNICATION, AND ELECTRONICS SECTOR
    4.2 MARKET, BY TYPE
           FIGURE 11 PTFE TO LEAD HIGH PERFORMANCE FLUOROPOLYMERS MARKET DURING FORECAST PERIOD
    4.3 MARKET, BY FORM
           FIGURE 12 FINE POWDER & DISPERSION FORM TO LEAD HIGH PERFORMANCE FLUOROPOLYMERS MARKET DURING FORECAST PERIOD
    4.4 MARKET, BY END-USE INDUSTRY
           FIGURE 13 INDUSTRIAL PROCESSING TO BE FASTEST-GROWING END-USE INDUSTRY FOR HIGH PERFORMANCE FLUOROPOLYMERS DURING FORCAST PERIOD
    4.5 MARKET, BY MAJOR COUNTRIES
           FIGURE 14 INDIA TO RECORD FASTEST CAGR DURING FORECAST PERIOD
    4.6 ASIA PACIFIC MARKET, BY TYPE AND END-USE INDUSTRY, 2020
           FIGURE 15 ELECTRICAL & ELECTRONICS ACCOUNTED FOR LARGEST SHARE OF OVERALL ASIA PACIFIC MARKET

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MARKET
           5.2.1 DRIVERS
                    5.2.1.1 High growth in end-use industries
                               TABLE 3 GROWING APPLICATIONS OF HIGH PERFORMANCE FLUOROPOLYMERS IN VARIOUS END-USE INDUSTRIES
                               TABLE 4 FUTURE GROWTH OPPORTUNITIES IN DIFFERENT END-USE INDUSTRIES
                    5.2.1.2 Robust growth in PV installation
                    5.2.1.3 Emergence of manufacturing sector in Asia Pacific
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher cost of high performance fluoropolymers than conventional materials
                    5.2.2.2 Environmental sustainability
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging market for melt-processible fluoropolymers
           5.2.4 CHALLENGES

Continued...