Showing posts with label PFA/MFA. Show all posts
Showing posts with label PFA/MFA. Show all posts

Friday, 27 August 2021

AGC (Japan) and Chemours Company (US) are the Key Players in the High Performance Fluoropolymers Market

 

The global high performance fluoropolymers (HPF) market size is estimated to be USD 3.1 billion in 2020 and is projected to reach USD 4.3 billion by 2025, at a CAGR of 7.0%, between 2020 and 2025. 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, liner, 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 industrial processing segment.

The key players in the HPF market are 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), and Hubei Everflon polymer (China). Expansion is the key growth strategy adopted by key HPF manufacturers. Apart from this, acquisition and new product launch are other strategies adopted by manufacturers between 2015 and 2020.

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AGC (Japan) was one of the key players in the HPF market in 2019. 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. For example, in February 2019, the company launched FEP high performance fluoropolymer under its brand AFLAS. This polymer is used majorly in automotive underhood component systems and can withstand an operating temperature of 392OF.

The Chemours Company is one of the leading providers of performance chemicals. It is a pioneer in the fluoropolymers products and has renowned brands, namely, Teflon, Zonyl, and Tefzel, 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. In July 2016, the company opened a new Teflon finishes plant at Chemours’ Changshu Works site in Changshu (Jiangsu), China. This expansion was aimed at enhancing the production of various fluoroproducts to cater to the growing demand for HPF in Asia Pacific.

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 2019 and had 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.

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Tuesday, 21 May 2019

Impact of Existing and Emerging Stand-Up on High Performance Fluoropolymers Market


New product launches, mergers & acquisitions, joint ventures, and expansions & investments are the key strategies adopted by industry players to achieve growth in the high-performance fluoropolymers market between 2017 and 2022. Increasing industrial advancements, technological advancements, and demand for efficient materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility, and high dielectric strength have led various end-use industries to focus on high-performance fluoropolymers, thus leading to a rise in their demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and joint ventures. Some of the key players, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), and Shanghai 3F New Materials Company Ltd. (China) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high-performance fluoropolymers market between 2013 and 2016. 
The Chemours Company (US) is a leading player in the global high-performance fluoropolymers market. The company, as a major HPFs manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2016, the company started a new Teflon finishes plant at its Changshu work site, China. This expansion increased the production capacity of fluoroproducts and helped the company strengthen its position in China and the Asia Pacific region by offering high-quality products for both consumer and industrial applications.
Daikin Industries Ltd. (Japan) is one of the key HPFs manufacturers globally. The company operates through three major business divisions, namely, air conditioning division, chemicals division, and others. The other division includes refrigerator, oil hydraulics, defense systems, and electronics business. The company has its production capacities situated in Japan, the US, Europe, and China that are involved in the production of high-performance fluoropolymers.
Daikin has 207 consolidated subsidiaries, of which 28 are located within Japan and 179 are located outside Japan. 
As a part of its business strategy, the company acquired MDA Manufacturing Inc., which was formerly a joint venture between Daikin Industries, Ltd. and The 3M Company in 2014. This acquisition strengthened the reach of the company in North America.
Key companies, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Co., Ltd. (China), Shanghai 3F New Materials Company Ltd. (China), and Halopolymer OJSC (Russia) are the most active players in the global HPFs market.

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