Global High-Performance Fluoropolymers Market Analysis 2022
The Global High-Performance Fluoropolymers Market is expected to reach $6.95 billion by 2028 growing at a CAGR of 8.8% from 2021 to 2028. High-performance fluoropolymers are fluorocarbons comprising polymers with high-performance material characteristics and exhibit superior properties such as excellent chemical resistance at elevated temperatures, and high electrical insulation, which makes them proper for several end-users.
Factors such as increasing demand from end-use industries, growing focus on technological advancements, and high growth in PV installation are driving the growth of the market. However, higher costs and environmental sustainability are restraining the growth of the market.
Based on the product, the polytetrafluoroethylene (PTFE) segment is going to have a lucrative growth during the forecast period as it exhibits excellent chemical & thermal resistance, very low coefficient of friction, and high electrical insulation. It is used in a wide range of applications and is also less costly as compared to other types of products.
The key vendors mentioned are Dongyue Group, The Chemours Company, Solvay, Hindustan Fluorocarbons Limited, Guangzhou Lichang Fluoroplastics Co., Ltd, Shamrock Technologies, Juhua Group Corporation, Hubei Everflon Polymer, Jiangsu Meilan Chemical Co. Ltd, Halopolymer, Shanghai 3F New Materials Co., Ltd., Gfl Limited, Shandong Hengyi New Material Technology Co., Ltd, Daikin Industries, Chenguang Research Institute of Chemical Industry, AGC and 3M.
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