Demand for Fluoropolymer Market is increasing as a rod, tubes and un-sintered tapes in industrial applications

Pune, India, January 18, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global High-Performance Fluoropolymer Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Solvay (Belgium), 3M (U.S.), DuPont (U.S.), Shamrock Technologies (U.S.), The Chemours Company (U.S.), DAIKIN INDUSTRIES, Ltd. (Japan), AGCCE (U.K), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Polymer CO., Ltd. (China), Shanghai 3F New Materials Co., Ltd (China) among others are some of the prominent players at the forefront of competition in the Global High-Performance Fluoropolymer Market and are profiled in MRFR Analysis.

High-Performance Fluoropolymer Market – Overview

High-Performance Fluoropolymer is a high molecular weight synthetic solid-state fluorocarbon made entirely of carbon and fluorine atoms. Polytetrafluoroethylene is one of the important high-performance fluoropolymers that account for a significant demand of the global market. Polytetrafluoroethylene is also commercially recognized as Teflon which is widely used in nonstick cookware. The electrical industry was the single-largest application of Polytetrafluoroethylene, with the largest market share of the total demand in 2016 due to the growing demand of polytetrafluoroethylene for hookup wire, coaxial cables and other applications.

Now a days, the demand for polytetrafluoroethylene is increasing as a rod, tubes and un-sintered tapes in industrial applications. Polytetrafluoroethylene rods withstand high-temperature range and high chemical resistance, these rods are self-lubricating which provides low friction coefficient and hence are well known for their dimensional accuracy and compact design. Based on the process of manufacturing, MRFR segment the rods in to Molded Polytetrafluoroethylene Rods, Extruded Polytetrafluoroethylene Rods. Due to rapid growth in chemical and electrical industries and ease of machining and excellent balance of end-use properties, extruded polytetrafluoroethylene rods are on high demand in the world.

Polytetrafluoroethylene tubes have excellent electrical resistance, high-temperature application. Polytetrafluoroethylene tubes have lowest coefficient of friction among all fluoropolymers which makes it ideal in lubricious slippery material to reduce linear friction. Polytetrafluoroethylene tubes are chemically resistant to all types of acids and solvents making it 100% chemically inert. Based on the process of manufacturing, polytetrafluoroethylene tubes are segmented into molded polytetrafluoroethylene tubes, extruded polytetrafluoroethylene tubes. Because of the excellent balance of end used properties like, low coefficient of friction among all fluoropolymers, non-wetting, self-lubricating material, the extruded polytetrafluoroethylene tube market is growing in the world.  

The accelerated growth of the high-performance fluoropolymer market is witnessing currently due to increasing application in rods, tubes and un-sintered tapes and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a study report giving out the complete market insight up till 2023. According to this, continuing with the same trends the global high-performance fluoropolymer market is projected to perceive outstanding growth by 2023 registering a healthy CAGR during the anticipated period (2017 – 2023). 

Industry/ Innovation/ Related News:

November 2016 – Rogers Corporation a global leader in engineered material solutions, announces the acquisition of DeWAL Industries, a leading manufacturer of high-performance polymer films and pressure-sensitive tapes. DeWAL’s business is highly complementary to Rogers’ Elastomeric Material Solutions business enabling expansion into a close market adjacency, and increasing penetration into aerospace, electronics, and other attractive industrial verticals. This acquisition is a strong strategic fit within Rogers Corporations' high-performance polyurethane and silicone materials business, expanding our portfolio to include PTFE and other materials for technologically advanced applications.

November 2015 – The B’laster Corporation announced an expanded presence in Canada by adding to their retail presence there and entering the country’s industrial market for the first time to increase their North American market share. The B’laster portfolio at Canadian Tire and Wajax includes several products formulated with Teflon™ fluoropolymer to help reduce friction and wear, enhance performance and protect surfaces. These include PB-50 Multi-Purpose Lubricant, Silicone Lubricant, Chain & Cable Lubricant, and Dry Lube.

High-Performance Fluoropolymer Market   -

Regional Analysis:

Asia Pacific region accounted largest market share in the global Polytetrafluoroethylene market and expected to dominate during the forecast period due to rapid industrialization, high demand of engineering plastics and high penetration of end user industry in the region. The unique properties of polytetrafluoroethylene such as lowest coefficient of friction among all fluoropolymer which makes it ideal in lubricious slippery material to reduce linear friction and chemical resistant to all types of acids and solvents making it 100% chemically inert are some of the factors that drive polytetrafluoroethylene in Asia Pacific Market. Asia pacific market is mainly occupied by China being largest consumer and manufacturer and exporter of polytetrafluoroethylene. Europe is the second largest market for polytetrafluoroethylene followed by North America.

Competitive Landscape:

The MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the global high performance fluropolymer market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to high demand of fluropolymer in Asia Pacific region, the manufacturers in European region are using acquisition strategy of local producers in the Asia Pacific and other regions to increase their global market share.

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