Global High Performance Fluoropolymers Market to 2026 – Featuring 3M, AGC and Bitrez, among others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “global high-performance fluoropolymers market by type (PTFE, FEP, PFA/MFA, ETFE), form (granular, fine powder and dispersion), application, end-use industry (industrial processing, transportation, electric and electronics). , Medical) & Region – Forecast to 2026” has been added ResearchAndMarkets.com Offer.

The global high-performance fluoropolymers (HPF) market size is estimated at US$3.7 billion in 2021 and is projected to reach US$5.1 billion by 2026, at a CAGR of 6.8%.

This growth is attributed to the growing number of applications of HPF in various industries. Expansion into end-use industries also continues to drive the industry for HPF worldwide. The rapid adoption of 5G connectivity, advances in the development of electronic components and the increasing need for hybrid and compact engines for automobiles are also among the main drivers of HPF consumption.

PTFE accounted for the largest share of the overall HPF market

PTFE is the most common type of HPF and has the largest market share. The use of dispersion and fine powder PTFE for various applications, especially in North America and APAC, is increasing. It is used in a variety of applications such as semiconductors, automotive components, electrical appliances and non-stick cookware. Growing applications in the electrical and electronics industries are expected to drive demand for PTFE, particularly in advanced batteries and fuel cells.

The granulate form had the largest market share

The HPF market is segmented into various forms such as suspension/granules, fine powder and dispersion, and micropowder. HPF in the form of suspension/granules dominate the market. HPF have excellent properties such as good insulation, low surface energies and high resistance to oils, UV radiation, chemicals, water and corrosion. Granular fluoropolymers are processed by pressing and sintering to produce parts directly or to produce billets suitable for machining. HPF in granular form are ideal for manufacturing high performance mechanical/electrical products that require excellent end-use performance such as skived strip, foil, sheet, machined gaskets, expansion joints, bellows, piston rings and diaphragms. The suitability of the granular form of HPF in the manufacture of various components is a key reason for the large market size.

Coatings & Liners had the largest market share

The HPF market is segmented based on applications such as coatings and liners, components, films and additives. The coatings and liners market is expected to account for the largest share during the forecast period. HPF coatings and liners are used to meet the challenges of protecting large and complex containment vessels and associated piping systems. Coatings and liners provide corrosion, abrasion and wear resistance while maintaining non-stick and high purity properties.

The Electronics & Electrics segment had the largest market share

The HPF market is segmented on the basis of end-use industry such as industrial processing, transportation, medical, electrical and electronics, and others. The increasing use of HPF in wire coatings, cable coatings, optical fibers and electrical systems in aircraft, computers and other applications.

Asia Pacific is the world’s largest HPF market

In 2020, Asia Pacific accounted for the largest share of the global HPF market. Leading manufacturers and exporters of medical and pharmaceutical, electronic, automotive and chemical products. The availability of cheap raw materials, low-cost labor, and the presence of established end-use industries such as chemical, oil and gas, transportation, and medicine.

China and India have benefited from the HPF market due to rising demand for high-quality medical, automotive, consumer goods and electronic products. China, India, Japan and South Korea are among the largest automotive manufacturers in the world, creating regular demand for fluoropolymer products in the transportation industry. The presence of full-fledged end-use industries is the key demand driver for HPF in Asia-Pacific.

market dynamics

driver

  • High growth in consumer industries

  • Robust growth in PV installations

  • Emergence of manufacturing in Asia-Pacific

limitations

  • Higher cost of high performance fluoropolymers than traditional materials

  • environmental sustainability

occasions

  • Emerging market for melt processable fluoropolymers

challenges

  • Difficulties in processing high-performance fluoropolymers

  • Intense price competition from Chinese manufacturers

  • Use of recycled PTFE

companies mentioned

  • 3M

  • Agc, Inc.

  • bitrec

  • Chenguang Chemical Industry Research Institute

  • Daikin Industries

  • Dongyue group

  • fluorocarbon

  • Fluoroseal Spa

  • Gfl Limited

  • Guangzhou Fluoroplastics Co.,Ltd

  • halopolymer

  • Hindustan Fluorocarbons Limited

  • Hubei Everflon polymer

  • In2Plastics

  • Jiangsu Meilan Chemical Co.Ltd.

  • Juhua Group Corporation

  • Polyflon Technology Limited

  • Röchling Group

  • rtp company

  • Shamrock Technologies

  • Shandong Hengyi New Material Technology Co.,Ltd.

  • Solvay

  • Techmer PM

  • The Chemours company

  • Zibo Bainaisi Chemical Co.,Ltd.

For more information about this report, visit https://www.researchandmarkets.com/r/94s4di

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