High-Performance Fluoropolymers Market Forecasts to 2028 – Global Analysis By Type (Gr??n/??lm?n ??nk, G?ld?n/??lv?r, R?d/Gr??n), Form (Granular/Suspension, Fine Powder & Dispersion), Product (Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene Prop

High-Performance Fluoropolymers Market Forecasts to 2028 – Global Analysis By Type (Grееn/Ѕаlmоn Ріnk, Gоldеn/Ѕіlvеr, Rеd/Grееn), Form (Granular/Suspension, Fine Powder & Dispersion), Product (Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene Propylene (FEP)) and By Geography

According to Stratistics MRC, the Global High-Performance Fluoropolymers Market is accounted for $3.76 billion in 2021 and is expected to reach $6.80 billion by 2028 growing at a CAGR of 8.8% during the forecast period. High-Performance Fluoropolymers are fluorocarbons comprising polymers with unusually high-performance material characteristics. They exhibit superior properties such as excellent chemical resistance at elevated temperatures, high electrical insulation, and superior mechanical & thermal stability which makes them proper for several end-use industries such as aviation & automobiles, electrical & electronics, industrial processing, and medical among others.

Market Dynamics:

Driver:

High Development in End-Use Industries

The industrial processing, automotive and aerospace, medical industries, and electrical & electronics extensively use it owing to its advantages over other polymers and versatile properties. These industries are growing speedily, which is boosting the demand for the market. High heat resistance, low weight, high dimensional stability, and good chemical resistance are increasing the demand for it in the automotive industry. It is also used in various parts of engines to improve the performance and durability of vehicles. They are used to manufacture different interior and exterior components in the automotive and aerospace sectors. The several applications in this industry require it so that can withstand aggressive application conditions under a broad range of temperatures. In aerospace engineering, lightweight materials are highly used, and thus, the aerospace industry is dependent on HPF that have the perfect combination of low weight; temperature, flame, abrasion, and chemical resistance; and flexibility and non-leaching capabilities.

Restraint:

Higher cost

The development of High-Performance Fluoropolymers needs significantly high investments, as the procedure is more difficult than that of any other group of plastics, such as PE and PP. A high level of technical expertise is required to manufacture products. Owing to these factors, the production of HPF is costly and, thus, results in expensive end-products. The high price limits their demand in low-end application areas and limits the growth of the market. The high cost of production also bars the entry of medium-sized and small market players, which, in turn, reduces the market size of HPF.

Opportunity:

Developing Market for Melt-Processable Fluoropolymers

The melt-processable thermoplastic fluoropolymers is projected to witness higher growth than PTFE during the forecast period, owing to the significant demand from developing applications. When compounded with fillers, pigments, and other additives, these fluoropolymers gain higher functionality and improved characteristics to be suitable for applications, such as wire & cable; semiconductor and electronic components; valves, fittings, and pump housings; tubing and pipe; and specialty films. This will further boost the growth prospects of the market worldwide. HPF is mostly used for extreme temperature applications in numerous end-use industries, such as industrial processing, transportation, electrical & electronics, medical, and others. They are also useful for a widespread variety of other applications, which comprise consumer goods, machine parts, medical equipment, and packaging and storage materials. They are becoming the material of choice and replacing the traditional materials, such as steel, aluminum, and wood, as they are melt processable and thermoplastic. In comparison to other traditional materials, melt-processable fluoropolymers have higher chemical and impact resistance as well as higher strength-to-weight ratios. They also offer greater design flexibility in comparison to traditional materials.

Threat:

Risks of Overheating

Mostly, Teflon is a safe and stable compound. However, at temperatures above 570°F (300°C), Teflon coatings on nonstick cookware start to break down, releasing toxic chemicals into the air. Inhaling these fumes may lead to polymer fume fever, also known as the Teflon flu.

Coatings & Liners segment is expected to be the largest during the forecast period

The market in coatings & liners is estimated to account for the largest share during the forecast period. HPF coatings and liners are used to overcome the challenges of guarding large and complex containment vessels and connected piping systems. Coatings & liners deliver abrasion, corrosion, and wear resistance while preserving non-stick and high purity characteristics.

The Automotive segment is expected to have the highest CAGR during the forecast period

As the HPF is are used to protect and insulate wires to prevent overheating and potential fires. Fluoropolymers have unmatched chemical and temperature resistance which is why they're used in products such as cars, and bikes. Fluoropolymers, in the form of thermoplastics and elastomers, are also used because of the mixture of their high resistance to fuels, and lubricants to elevated temperatures such as fuel and vapor management hoses, fuel tank filler necks, wire insulations, O-rings, diaphragms, seals. Whereas, fluoropolymers like polyvinylidene fluoride (PVDF) and polyethylene-co-tetrafluoroethylene (PETFE) are used as barrier layers in some PA-based multilayer fuel pipes. So, with the growing demand for vehicles, the market will automatically grow.

Region with highest share:

The Asia Pacific is projected to hold the highest market share; APAC is expected to be the fastest-growing market, owing to the existence 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 market in this province. 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 households, medical disposables, and their increasing demand across the province boosts the demand for the market. Growth in the manufacturing of automobiles and electronics hardware across the province is expected to grow further with changing demographics.

Region with highest CAGR:

North America remains to be a key market with the majority of the demand concentrated in the US. The country also houses the manufacturing facilities of The Chemours Company which has been the oldest and key manufacturer in the market. These are major importers of high-performance fluoropolymers which explains the growing demand for fluoropolymers in end-use industries. The US emerged as the largest producer of oil & gas globally, which triggered the expansion across downstream process industries, which benefitted the market. Also, the US and Mexico are amongst the top automotive manufacturers of HPF globally. The presence of full-fledged end-use industries is the major demand driver for the market in North America.

Key players in the market:

Some of the key players profiled in the High-Performance Fluoropolymers Market include 3M, AGC, Chenguang Research Institute of Chemical Industry, Daikin Industries, Dongyue Group, Gfl Limited, Guangzhou Lichang Fluoroplastics Co., Ltd, Halopolymer, Hindustan Fluorocarbons Limited, Hubei Everflon Polymer, Jiangsu Meilan Chemical Co. Ltd, Juhua Group Corporation, Shamrock Technologies, Shandong Hengyi New Material Technology Co., Ltd, Shanghai 3F New Materials Co., Ltd., Solvay, The Chemours Company.

Key developments:

In May 2019: Daikin Industries announced plans to establish a subsidiary in China to cater to the growing demand for fluorochemicals that are used for manufacturing semiconductors and batteries.

In May 2019: Dongyue Group announced plans to expand the dispersion resin and concentrated emulsion PTFE production capacity of its Zibo plant in China. This expansion has been undertaken to cater to the growing demand for PTFE from Europe, North America, South America, and Southeast Asia.

In February 2019: AGC 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 392°F.

Types Covered:
• Grееn/Ѕаlmоn Ріnk
• Gоldеn/Ѕіlvеr
• Rеd/Grееn
• Rеd/Gоldеn
• Yеllоw/Вluе

Forms Covered:
• Granular/Suspension
• Fine Powder & Dispersion
• Micropowder
• Tubing
• Wire & Cable

Products Covered:
• Ethylene Tetrafluoroethylene (ETFE)
• Fluorinated Ethylene Propylene (FEP)
• Perfluoroalkoxy Alkane (PFA)
• Polytetrafluoroethylene (PTFE)
• Polyvinylidene Difluoride (PVDF)
• Tetrafluoroethylene Perfluoromethylvinylether (MFA)
• Other Products

Applications Covered:
• Coatings & Liners
• Mechanical Parts & Component
• Film & Membranes
• Additives
• Other Applications

End Users Covered:
• Industrial Processing
• Transportation
• Electrical & Electronics
• Medical
• Other End Users

Sales Channels Covered:
• Direct Channel
• Distribution Channel

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global High-Performance Fluoropolymers Market, By Type
5.1 Introduction
5.2 Grееn/Ѕаlmоn Ріnk
5.3 Gоldеn/Ѕіlvеr
5.4 Rеd/Grееn
5.5 Rеd/Gоldеn
5.6 Yеllоw/Вluе
6 Global High-Performance Fluoropolymers Market, By Form
6.1 Introduction
6.2 Granular/Suspension
6.3 Fine Powder & Dispersion
6.4 Micropowder
6.5 Tubing
6.6 Wire & Cable
7 Global High-Performance Fluoropolymers Market, By Product
7.1 Introduction
7.2 Ethylene Tetrafluoroethylene (ETFE)
7.3 Fluorinated Ethylene Propylene (FEP)
7.4 Perfluoroalkoxy Alkane (PFA)
7.5 Polytetrafluoroethylene (PTFE)
7.6 Polyvinylidene Difluoride (PVDF)
7.7 Tetrafluoroethylene Perfluoromethylvinylether (MFA)
7.8 Other Products
7.8.1 Ethylene Chlorotrifluoroethylene (ECTFE)
7.8.2 Polychlorotrifluoroethylene (PCTFE or PTFCE)
7.8.3 Polyvinyl Fluoride (PVF)
8 Global High-Performance Fluoropolymers Market, By Application
8.1 Introduction
8.2 Coatings & Liners
8.3 Mechanical Parts & Component
8.4 Film & Membranes
8.5 Additives
8.6 Other Applications
8.6.1 Military
8.6.2 Road Marking
8.6.3 Industrial Signage
9 Global High-Performance Fluoropolymers Market, By End User
9.1 Introduction
9.2 Industrial Processing
9.2.1 Chemical processing
9.2.2 Oil & Gas
9.2.3 Power Plants
9.2.4 Water Treatment
9.2.5 Food Processing
9.3 Transportation
9.3.1 Automotive
9.3.2 Aerospace
9.4 Electrical & Electronics
9.4.1 Telecommunication
9.4.2 Semiconductors
9.4.3 Electronic Components
9.4.4 Defense Electronics
9.5 Medical
9.5.1 Medical Devices
9.5.2 Pharmaceutical & Biotechnology
9.6 Other End Users
9.6.1 Building & Construction
9.6.2 Consumer Household
10 Global High-Performance Fluoropolymers Market, By Sales Channels
10.1 Introduction
10.2 Direct Channel
10.3 Distribution Channel
11 Global High-Performance Fluoropolymers Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 3M
13.2 AGC
13.3 Chenguang Research Institute of Chemical Industry
13.4 Daikin Industries
13.5 Dongyue Group
13.6 Gfl Limited
13.7 Guangzhou Lichang Fluoroplastics Co., Ltd
13.8 Halopolymer
13.9 Hindustan Fluorocarbons Limited
13.10 Hubei Everflon Polymer
13.11 Jiangsu Meilan Chemical Co. Ltd
13.12 Juhua Group Corporation
13.13 Shamrock Technologies
13.14 Shandong Hengyi New Material Technology Co., Ltd
13.15 Shanghai 3F New Materials Co., Ltd.
13.16 Solvay
13.17 The Chemours Company
List of Tables
Table 1 Global High-Performance Fluoropolymers Market Outlook, By Region (2020-2028) (US $MN)
Table 2 Global High-Performance Fluoropolymers Market Outlook, By Type (2020-2028) (US $MN)
Table 3 Global High-Performance Fluoropolymers Market Outlook, By Grееn/Ѕаlmоn Ріnk (2020-2028) (US $MN)
Table 4 Global High-Performance Fluoropolymers Market Outlook, By Gоldеn/Ѕіlvеr (2020-2028) (US $MN)
Table 5 Global High-Performance Fluoropolymers Market Outlook, By Rеd/Grееn (2020-2028) (US $MN)
Table 6 Global High-Performance Fluoropolymers Market Outlook, By Rеd/Gоldеn (2020-2028) (US $MN)
Table 7 Global High-Performance Fluoropolymers Market Outlook, By Yеllоw/Вluе (2020-2028) (US $MN)
Table 8 Global High-Performance Fluoropolymers Market Outlook, By Form (2020-2028) (US $MN)
Table 9 Global High-Performance Fluoropolymers Market Outlook, By Granular/Suspension (2020-2028) (US $MN)
Table 10 Global High-Performance Fluoropolymers Market Outlook, By Fine Powder & Dispersion (2020-2028) (US $MN)
Table 11 Global High-Performance Fluoropolymers Market Outlook, By Micropowder (2020-2028) (US $MN)
Table 12 Global High-Performance Fluoropolymers Market Outlook, By Tubing (2020-2028) (US $MN)
Table 13 Global High-Performance Fluoropolymers Market Outlook, By Wire & Cable (2020-2028) (US $MN)
Table 14 Global High-Performance Fluoropolymers Market Outlook, By Product (2020-2028) (US $MN)
Table 15 Global High-Performance Fluoropolymers Market Outlook, By Ethylene Tetrafluoroethylene (ETFE) (2020-2028) (US $MN)
Table 16 Global High-Performance Fluoropolymers Market Outlook, By Fluorinated Ethylene Propylene (FEP) (2020-2028) (US $MN)
Table17 Global High-Performance Fluoropolymers Market Outlook, By Perfluoroalkoxy Alkane (PFA) (2020-2028) (US $MN)
Table 18 Global High-Performance Fluoropolymers Market Outlook, By Polytetrafluoroethylene (PTFE) (2020-2028) (US $MN)
Table 19 Global High-Performance Fluoropolymers Market Outlook, By Polyvinylidene Difluoride (PVDF) (2020-2028) (US $MN)
Table 20 Global High-Performance Fluoropolymers Market Outlook, By Tetrafluoroethylene Perfluoromethylvinylether (MFA) (2020-2028) (US $MN)
Table 21 Global High-Performance Fluoropolymers Market Outlook, By Other Products (2020-2028) (US $MN)
Table 22 Global High-Performance Fluoropolymers Market Outlook, By Ethylene Chlorotrifluoroethylene (ECTFE) (2020-2028) (US $MN)
Table 23 Global High-Performance Fluoropolymers Market Outlook, By Polychlorotrifluoroethylene (PCTFE or PTFCE) (2020-2028) (US $MN)
Table 24 Global High-Performance Fluoropolymers Market Outlook, By Polyvinyl Fluoride (PVF) (2020-2028) (US $MN)
Table 25 Global High-Performance Fluoropolymers Market Outlook, By Application (2020-2028) (US $MN)
Table 26 Global High-Performance Fluoropolymers Market Outlook, By Coatings & Liners (2020-2028) (US $MN)
Table 27 Global High-Performance Fluoropolymers Market Outlook, By Mechanical Parts & Component (2020-2028) (US $MN)
Table 28 Global High-Performance Fluoropolymers Market Outlook, By Film & Membranes (2020-2028) (US $MN)
Table 29 Global High-Performance Fluoropolymers Market Outlook, By Additives (2020-2028) (US $MN)
Table 30 Global High-Performance Fluoropolymers Market Outlook, By Other Applications (2020-2028) (US $MN)
Table 31 Global High-Performance Fluoropolymers Market Outlook, By Military (2020-2028) (US $MN)
Table 32 Global High-Performance Fluoropolymers Market Outlook, By Road Marking (2020-2028) (US $MN)
Table 33 Global High-Performance Fluoropolymers Market Outlook, By Industrial Signage (2020-2028) (US $MN)
Table 34 Global High-Performance Fluoropolymers Market Outlook, By End User (2020-2028) (US $MN)
Table 35 Global High-Performance Fluoropolymers Market Outlook, By Industrial Processing (2020-2028) (US $MN)
Table 36 Global High-Performance Fluoropolymers Market Outlook, By Chemical processing (2020-2028) (US $MN)
Table 37 Global High-Performance Fluoropolymers Market Outlook, By Oil & Gas (2020-2028) (US $MN)
Table 38 Global High-Performance Fluoropolymers Market Outlook, By Power Plants (2020-2028) (US $MN)
Table 39 Global High-Performance Fluoropolymers Market Outlook, By Water Treatment (2020-2028) (US $MN)
Table 40 Global High-Performance Fluoropolymers Market Outlook, By Food Processing (2020-2028) (US $MN)
Table 41 Global High-Performance Fluoropolymers Market Outlook, By Transportation (2020-2028) (US $MN)
Table 42 Global High-Performance Fluoropolymers Market Outlook, By Automotive (2020-2028) (US $MN)
Table 43 Global High-Performance Fluoropolymers Market Outlook, By Aerospace (2020-2028) (US $MN)
Table 44 Global High-Performance Fluoropolymers Market Outlook, By Electrical & Electronics (2020-2028) (US $MN)
Table 45 Global High-Performance Fluoropolymers Market Outlook, By Telecommunication (2020-2028) (US $MN)
Table 46 Global High-Performance Fluoropolymers Market Outlook, By Semiconductors (2020-2028) (US $MN)
Table 47 Global High-Performance Fluoropolymers Market Outlook, By Electronic Components (2020-2028) (US $MN)
Table 48 Global High-Performance Fluoropolymers Market Outlook, By Defense Electronics (2020-2028) (US $MN)
Table 49 Global High-Performance Fluoropolymers Market Outlook, By Medical (2020-2028) (US $MN)
Table 50 Global High-Performance Fluoropolymers Market Outlook, By Medical Devices (2020-2028) (US $MN)
Table 51 Global High-Performance Fluoropolymers Market Outlook, By Pharmaceutical & Biotechnology (2020-2028) (US $MN)
Table 52 Global High-Performance Fluoropolymers Market Outlook, By Other End Users (2020-2028) (US $MN)
Table 53 Global High-Performance Fluoropolymers Market Outlook, By Building & Construction (2020-2028) (US $MN)
Table 54 Global High-Performance Fluoropolymers Market Outlook, By Consumer Household (2020-2028) (US $MN)
Table 55 Global High-Performance Fluoropolymers Market Outlook, By Sales Channels (2020-2028) (US $MN)
Table 56 Global High-Performance Fluoropolymers Market Outlook, By Direct Channel (2020-2028) (US $MN)
Table 57 Global High-Performance Fluoropolymers Market Outlook, By Distribution Channel (2020-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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