High Performance Fluoropolymer Market information by Type [Fluorinated Ethylene Propylene (FEP), Perfluoroalkoxy Polymer (PFA), Polytetrafluoroethylene (PTFE), Polyethylenetetrafluoroethylene (ETFE), and Others), by Application (Coatings & Liner, Mechanical Parts & Component, Film, Additives, and Others), by End Use Industry (Aviation & Automobiles, Electrical & Electronics, Industrial Processing, Medical and Others) and by Region- Forecast till 2030

High Performance Fluoropolymers are fluorocarbons containing polymers with exceptionally high performance material characteristics. They exhibit superior properties such as excellent chemical resistance at elevated temperature, high electrical insulation, and superior mechanical & thermal stability which makes it suitable for numerous end use industries such as aviation & automobiles, electrical & electronics, industrial processing, medical among others.

As per our analysis, one of the prominent market factors and trends identified in the Global High Performance Fluoropolymer Market include, rising demand for light weight parts in aviation & automobile sector. Additionally, rapid industrialization combined with rising disposable income is expected to drive the market growth over the forecast period. Moreover, in order to meet a diverse set of needs resulted due to a huge demand from building & construction industry is anticipated to fuel to market growth in upcoming years. These are widely used in the manufacturing of heat exchangers for the general industry application, thus the consumption of High Performance Fluoropolymers in recent years is set to increase and in turn propel the market growth. Increasing use of High Performance Fluoropolymer as an insulation in electrical & electronics industry is driving market growth over the forecast period. However, rise in demand of bio-plastics in coming years can hamper the market growth further. Slightly higher price of Fluoropolymer might affect the market growth. The Global High Performance Fluoropolymer Market Share by End Use Industry, (2016) (%): 

The Global High Performance Fluoropolymer Market is segmented into five regions namely - Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the forecast period owing to increasing demand from end use industries such as aviation & automobiles, electrical & electronics among others. The demand for High Performance Fluoropolymer is anticipated to surge in emerging economies such as China, India, and Vietnam due to growing automobile production and sales. Moreover, ease in availability of raw material, relatively cheap labor cost, and implementation of new development strategies to fulfil the demand for High Performance Fluoropolymer in the increasing applications are the important factors for the regional market growth.

North America has emerged as the largest market for High Performance Fluoropolymer followed by Asia Pacific and Europe. North America is expected to witness a significant growth in High Performance Fluoropolymer Market due to increased usage in medical as well as electrical & electronics industries. In North America, countries such as U.S., Mexico, Canada, and Guatemala are among the key contributors in the regional market growth and are anticipated to see an important regional market growth in the upcoming years. Latin American countries such as Colombia, Argentina, Brazil and Peru are also expected to witness moderate growth with the association of new business models. Moreover, High Performance Fluoropolymers are widely used in manufacturing of high class lab & scientific instruments. Expansion of general industry in countries such as India, China, U.S, Japan, Mexico, and Germany is anticipated to drive market growth. Countries in Europe such as Spain, Germany, France, and U.K have emerged as regional consumer markets due to developed end use industries and shifting manufacturer’s interest towards High Performance Fluoropolymer. In addition to this, Middle East & Africa is predicted to witness a moderate growth during the review period. Rising investment in residential as well as commercial construction sector, specifically in Saudi Arabia, Qatar and the United Arab Emirates (UAE) is expected to positively influence High Performance Fluoropolymer business over the forecast period.

Key Players

Some of the prominent players operating in the High Performance Fluoropolymer Market are 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.

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