The global high performance fluoropolymers market size is estimated to reach USD 5.08 Billion by 2022, at a CAGR of 6.6% between 2017 and 2022. The market has witnessed significant growth in recent years, and this growth is projected to persist in the coming years. Due to their properties such as high thermal stability, greater chemical resistance, high dielectric strength, low shrinkage, and greater design flexibility, HPFs are used for high-end applications in a wide range of end-use industries, such as industrial processing, transportation, medical, electrical & electronics, etc.
Different types of HPFs are also included in the report. The main types are PTFE, FEP, PFA/MFA, ETFE, etc. The PTFE segment accounted for the largest market share in 2016 due to its superior properties such high chemical and thermal resistance, very low coefficient of friction, high electrical insulation, and usability for high temperature applications. It is also the second most used and expected to be the fastest-growing type of HPFs during the forecast period, due to its melt-processable property, which makes it useful to produce FEP tubing.
High performance plastics are used in various end-use industries, such as industrial processing, transportation, medical, electronics, etc. These are the main end-use industries considered in the report. In 2016, the industrial processing segment accounted for the largest market share, in terms of both value as well as volume, followed by transportation, electrical & electronics, and medical. The large share of industrial processing segment is attributed to the increased usage of HPFs in chemical processing, food processing, pharmaceutical processing, oil & gas industry, water treatment, and other industries for equipment maintenance and processing.
Though the HPFs market is growing at a significant rate, few factors, such as the high cost of HPFs than other conventional plastics, which increases the overall production cost, hinders the growth of the market, globally. Moreover, the price competitiveness from Chinese manufacturers is another challenge for the key market players. On the other hand, the increased use of HPFs in applications such as medical, electronics & electrical, industrial processing, transportation, and others, and the emerging demand for melt processable fluoropolymers is expected to propel the growth of the HPFs market in the near future.
Asahi Glass Co., Ltd.
Chenguang Research Institute of Chemical Industry
Daikin Industries, Ltd
Dongyue Group Ltd.
Guanzhou Lichang Fluoroplastics Co., Ltd
Gujrat Fluorochemicals Limited
Hubei Everflon Polymer Co., Ltd.
Jiangsu Meilan Chemical Co. Ltd
Juhua Group Corporation
Saudi Basic Industries Corporation (SABIC)
Shanghai 3F New Materials Company Ltd
The 3M Company
The Chemours Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 High Performance Fluoropolymers Market, By Type
7 High Performance Fluoropolymers Market, By End-Use Industry
8 High Performance Fluoropolymers Market, By Region