The high performance fluoropolymer (HPF) market is projected to grow from USD 3.3 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 6.9% during the forecast period. The growth of the high performance fluoropolymer industry can be attributed to its high demand from various end-use industry and growing demand from PV installations.
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PTFE is the most widely used type of HPF and accounted for the largest market share. There is an increase in the use of dispersion and fine powder PTFE, for various applications, especially in North America and APAC. It is used in a wide range of applications such as semiconductor, automotive components, electrical appliances, and non-stick cookware. The growing applications in the electrical & electronics industry are expected to trigger the demand for PTFE, especially in advanced batteries and fuel cells.
Scope of the Report:
| Report Metric | Details |
| Base year considered | 2018 |
| Forecast period | 2019–2024 |
| Units considered | Volume (Kiloton) and Value (USD) |
| Segments | Type, Form, End-use Industry, and Region |
| Regions | North America, APAC, Europe, and RoW |
| Companies | The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), Solvay SA (Belgium), AGC (Japan), The Dongyue Group (China), Gujrat Fluorochemicals Ltd. (India), Halopolymer OJSC (Russia), Hubei Everflon polymer (China), and China Reform Culture Holdings Co. Ltd (China). Total 10 major players covered. |
By Type:
- PTFE
- FEP
- PFA/MFA
- ETFE
- Others (Includes ECTFE and PCTFE)
- Coatings
- Films & Membranes
- Tubing
- Others (Includes wire & cable, mechanical components & parts, additives, and liners)
- Industrial Processing
- Chemical processing
- Oil & Gas
- Power Plants
- Water Treatment
- Food Processing
- Transportation
- Automotive
- Aviation
- Electrical & Electronics
- Telecommunication
- Semiconductors
- Electronic Components
- Defense Electronics
- Medical
- Medical Devices
- Pharmaceutical & Biotechnology
- Others
- Building & Construction
- Consumer Household
- North America
- APAC
- Europe
- RoW
The HPF market has been further analyzed based on key countries in each of these regions.
APAC is expected to be the fastest-growing market for HPF, owing to the presence of large manufacturing and highly populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the HPF market in this region. In 2018, China accounted for the largest share of the APAC market, owing to the presence of huge chemical, automotive, medical, and electronics industries. The growing production of automobiles, consumer household, medical disposables, and their increasing demand across the region boosts the demand for HPF. Growth in the manufacturing of automobiles and electronics hardware across the region is expected to grow further with changing demographics. Owing to which APAC is projected to be the fastest-growing HPF market.
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