Global High-Performance Fluoropolymers Market - 2022-2029
Market Overview
The high-performance fluoropolymers market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 6% during the forecast period (2022-2029).
Fluoropolymer is a polymer made of multiple bonds of carbon and fluorine. Fluoropolymers have a unique mix of physical and mechanical qualities, including non-flammability, high optical transparency, chemical resistance, near-zero moisture absorption, and outstanding electrical insulation properties. Additionally, high-performance fluoropolymers are resistant to almost all major corrosives such as acids, alcohols, greases, oils, and alkalis. It also offers extensive mechanical properties such as comprehensive strength and high value for elongation at break, good tensile strength, and tensile modulus. High-performance fluoropolymers are generally used in high-tech industries such as aerospace, defense, automotive, and electronics.
Market Dynamics
The increasing application across various industries mainly drives the high-performance fluoropolymers demand. The growing concerns about the environmental sustainability of fluoropolymers are a key factor in limiting the growth of this market.
Increasing application across various industries
Chemical stability and water repulsion are two essential features of high-performance fluoropolymers that account for their diverse uses when chemical resistance, a wide operating temperature range, and low flammability are required. Chemical apparatus, process equipment, cryogenic applications, valve seats, seals, gaskets, special process sight glasses, laboratory equipment, medical equipment, gears, cams, and bearings are high-performance fluoropolymer applications.
Fluoropolymers can be utilized as a moisture barrier, a coating, a prefabricated liner, and laminating other polymers for chemical applications. High-performance fluoropolymers are frequently utilized in aerospace applications. The growing use of high-performance fluoropolymers in the aerospace industry for valve seats, plugs, diaphragms, and impellers will propel the high-performance fluoropolymers market forward.
Fluoropolymer resins are in great demand for moisture barrier coatings, becoming more common in the pharmaceutical industry due to their outstanding water vapor barrier characteristics and chemical stability. High-performance fluoropolymers' global market expansion is fueled by increasing demand in industrial applications such as chemical processing, consumer appliances, automotive and transportation, aerospace, electronics, industrial applications, building, construction, and wire, and cable industries.
Growing concerns about the environmental sustainability of fluoropolymers
High-performance fluoropolymers have highly desirable mechanical, chemical and thermal properties, making them ideal for various industrial applications. Almost all modern manufacturing industries utilize high-performance fluoropolymers in various processes. However, the same properties impart desirable characteristics to the fluoropolymers and make recycling hard.
After the end of their operational life, high-performance fluoropolymer-containing components end up in landfills. The growing pollution from landfills is endangering various natural ecosystems, raising concerns about the sustainability of long-term usage of fluoropolymers. Many environmental groups have called for restricting the usage of fluoropolymers to only essential applications such as medical devices while switching to recyclable alternatives.
Some forms of high-performance fluoropolymers are recyclable; however, the recycling process is highly expensive, making it cheaper to dump the fluoropolymers as waste. The growing concerns about the environmental sustainability of fluoropolymers are a key challenge for the market's growth.
COVID-19 impact analysis
The COVID-19 pandemic began in early 2020 and led national governments to impose stringent restrictions on movement. The pandemic restrictions massively impacted manufacturing industries such as automotive, aerospace, building and construction, electronics, and telecommunications. Due to the pandemic restrictions, the industries had to scale or suspend production significantly.
Almost all the manufacturing industries are utilizers of high-performance fluoropolymers since their properties make them ideal for various industrial applications. The COVID-19 pandemic caused a drastic fall in demand for high-performance fluoropolymers. It affected the revenue of the major players in the market.
The global demand improved marginally by early 2021, when China, a major manufacturing and industrial production center, lifted pandemic restrictions completely and kickstarted its economic recovery. Similar encouraging signs were seen across various countries in Asia-Pacific. However, the pandemic remained severe in North America and Europe, with rising cases. The global demand is expected to stabilize and recover by early 2022.
The pandemic caused global supply chain problems, leading to a shortage of essential materials and logistical delays for fluoropolymer producers. It has affected the production of high-performance fluoropolymers, thereby affecting the post-pandemic recovery of the market. Despite these short-term challenges, the global market will return to strong growth in the long term. The demand for high-performance fluoropolymers across various industries remains strong and is expected to grow gradually in the coming years.
Segment Analysis
The global high-performance fluoropolymers market is segmented into type, form, application, end-user, and region. The high-performance fluoropolymers market by type is further segmented into PTFE, FEP, PFA/MFA, ETFE, and others. PTFE is leading in this segmentation since it is the most widely used high-performance fluoropolymer. PTFE exhibits high thermal and chemical resistance has a low coefficient of friction, is chemically inert, and has electrical insulating properties. It makes PTFE ideal for diverse industrial applications ranging from automotive components, semiconductors, and electronic components to non-stick frying pans.
Geographical Analysis
Asia-Pacific has a leading regional share in the global high-performance fluoropolymers market. The region has a high concentration of engineering and manufacturing industries. Some of the largest industries utilizing fluoropolymers, such as automotive, automotive, electronics, and pharmaceuticals, are in Asia-Pacific.
China, Japan, South Korea, and India have large national automotive industries with a well-developed ecosystem of automotive component manufacturing. High-performance fluoropolymers are utilized in producing seals, gaskets, and coatings for various automotive components. It is also used in the production of automotive testing equipment.
The pharmaceutical and biotechnology industry is another major utilizer of high-performance fluoropolymers since they are inert, non-toxic, and bio-compatible. Containers and bags made from high-performance fluoropolymers are used for the bulk packaging of pharmaceuticals. Medical devices such as stents, sutures, and tubes are made from materials containing fluoropolymers. China has one of the largest pharmaceutical industries globally. Japan, South Korea, and India have also had major pharmaceutical industries, with India specializing in the production of generic medicine. China, Japan, and South Korea also specialize in producing various medical devices.
Asia-Pacific has a well-developed electronics and telecommunication industry. Taiwan, South Korea, and China are some of the leading electronic equipment manufacturers. High-performance fluoropolymers are used in the electronics industry to produce printed circuit boards, sensors, antennae, and cell towers, and to produce insulation for electronic cables. Due to the growing demand for the products of these industries, Asia-Pacific will continue to retain the largest market share in the global high-performance fluoropolymers market in the coming years.
Competitive Landscape
The global high-performance fluoropolymers market is competitive due to the availability of a wide variety of fluoropolymers that can be used for various applications by different end-users. Some of the players contributing to the growth of the market are Daikin Industries, Ltd., AGC Inc., DuPont, Solvay, 3M, Shamrock Technologies, HaloPolymer, and Fluorseals SpA, Hubei Everflon Polymer CO., Ltd., and Shanghai Huayi 3F New Materials Co., Ltd. The major market players adopt several growth strategies such as capacity expansion, new product launches, patenting new materials, joint ventures, and collaborations to contribute to the industry's growth.
Daikin Industries, Ltd.
Overview: Daikin Industries, Ltd. is a Japan-based engineering company that manufactures air conditioning equipment, chemicals, air filtration systems, hydraulic oil equipment, medical equipment, and electronics. The company manufactures various chemicals such as fluoroplastics, fluorocarbons, oil and water repellent coatings, pharmaceutical intermediates, and semiconductor-etching chemicals. The company offers after-sales services for its products and third-party installations. Daikin products are sold in more than 160 countries globally, with major production centers in Japan, India, the U.S., China, UK, among others. The company was established in 1924 and is headquartered in Osaka, Japan.
Product Portfolio
• POLYFLON PTFE M-Series is the company's range of high-performance fluoropolymers for electronic components and laboratory equipment. It is mainly used for the production of protection films for electronic components. It also makes gaskets and seals for hydraulic equipment and heavy machinery. The M-Series also makes containers and bags for high purity applications. The fluoropolymers are manufactured using compression molding and have good chemical and thermal resistance.
Key Developments:
• In July 2021, Daikin Industries, Ltd opened the Kashima Integrated Center at the Kashima production plant in Japan. The center implemented various new industrial engineering best practices and raised the plant's production output by 50%. The Kashima plant manufactures fluoropolymers and fluoropolymer coatings for various applications.
Why Purchase the Report?
• Visualize the composition of the high-performance fluoropolymers market segmentation by the type, form, application, end-user and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the high-performance fluoropolymers market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global high-performance fluoropolymers market-level 4/5 segmentation data points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the critical product of all major market players
The global high-performance fluoropolymers market report would provide approximately 65 market data tables, 76 figures and 240 pages.
Target Audience 2022
• High-performance fluoropolymers manufacturers
• Wastewater treatment service providers
• Oil and gas companies
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
- 1. Global High-Performance Fluoropolymers Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global High-Performance Fluoropolymers Market – Market Definition and Overview
- 3. Global High-Performance Fluoropolymers Market – Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Form
- 3.3. Market Snippet by Application
- 3.4. Market Snippet by End-User
- 3.5. Market Snippet by Region
- 4. Global High-Performance Fluoropolymers Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The increasing global drive for energy efficiency
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Growing concerns about the environmental sustainability of fluoropolymers
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global High-Performance Fluoropolymers Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global High-Performance Fluoropolymers Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global High-Performance Fluoropolymers Market – By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. PTFE
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. FEP
- 7.4. PFA/MFA
- 7.5. ETFE
- 7.6. Others
- 8. Global High-Performance Fluoropolymers Market – By Form
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 8.1.2. Market Attractiveness Index, By Form
- 8.2. Granular/Suspension
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Fine Powder & Dispersion
- 8.4. Micropowder
- 9. Global High-Performance Fluoropolymers Market – By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Coatings & Liners
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Components
- 9.4. Films
- 9.5. Additives
- 9.6. Others
- 10. Global High-Performance Fluoropolymers Market – By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Automotive and Transportation
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Aerospace and Defense
- 10.4. Pharmaceutical and Biotechnology
- 10.5. Building and Construction
- 10.6. Electronics and Telecommunications
- 10.7. Oil and Gas
- 10.8. Energy and Utilities
- 10.9. Others
- 11. Global High-Performance Fluoropolymers Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. South Korea
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Global High-Performance Fluoropolymers Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global High-Performance Fluoropolymers Market- Company Profiles
- 13.1. Daikin Industries, Ltd.
- 13.1.1. Company Overview
- 13.1.2. End-User Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. AGC Inc.
- 13.3. DuPont
- 13.4. Solvay
- 13.5. 3M
- 13.6. Shamrock Technologies
- 13.7. HaloPolymer
- 13.8. Fluorseals SpA
- 13.9. Hubei Everflon Polymer CO., Ltd.
- 13.10. Shanghai Huayi 3F New Materials Co., Ltd.
- LIST NOT EXHAUSTIVE
- 14. Global High-Performance Fluoropolymers Market – Premium Insights
- 15. Global High-Performance Fluoropolymers Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook