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High Performance Fluoropolymers Market Overview, Industry Trends, Regional Analysis and Growth Forecast by 2024

Author : Rahul Varpe | Published Date : 2019-04-16 

High Performance Fluoropolymers Market Size is likely to grow at a steady rate from 2016 to 2024 due to increasing consumption of the polymers in industrial processing units, electrical & electronic industry, and automotive industry.

High performance fluoropolymers market will flourish due to growing demand of high-strength light weight products used in automotive industries. Asia-Pacific will propel the growth rate of high performance fluoropolymers market in coming years due to increase in number of automotive manufacturing plants in the region. Rapid growth in the consumer electronics industry will also be a key growth driver for this market due to use of high performance fluoropolymer in smartphones and other such gadgets.

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 The high performance fluoropolymers are also used with additives to enhance the UV resistance properties of various products. This will provide significant opportunities for the high performance fluoropolymers market mostly in the industrial maintenance sector. Due to recent surge in environment concerns, governments in many countries have made new regulations for use of high performance fluoropolymers which will result in higher cost of raw materials which may hinder the overall growth of the market. 

High performance fluoropolymers are segmented on basis of their types as fluorinated ethylene propylene (FEP), polyethylene tetrafluoroethylene (ETFE), polyvinyl tetrafluoro ethylene (PTFE), perfluoro alkoxy polymer (PFA) and others such as polyvinyl fluoride (PVF), polychlorotrifluoroethylene (PCTFE), polyvinylidene difluoride (PVDF), etc. PTFE is likely to share substantial amount in terms of value and volume, owing to vast applications, proper availability and excellent properties such as chemical resistance, and low cost as compared to other fluoropolymers. 

It is most extensively used polymer for dental filling, cookware, nonstick pans, water proof clothing, etc. FEP is the clearest plastic among high performance fluoropolymers and provides stress cracking resistance, as well as anti-corrosion property to tubes, sheets, and liners. The high performance fluoropolymers market is segmented, based on application, into additives, coatings, films, liner, mechanical parts and others including surface active agent, copolymer, etc.

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The key players that are operating in the high performance fluoropolymers market are Shamrock Technologies, DuPont, Solvay, 3M, Gujarat Fluorochemicals ltd., Shanghai 3F New Materials Company Ltd., The Chemours Company, Hubei Everflon Polymer Co. Ltd., and Daikin Industries Ltd. Some other notable players in this market include Halo Polymer OJSC, Jiangsu Meilan Chemical Co. Ltd, Quadrant AG, Asahi Glass Co. Ltd, Dongyue Group Ltd, Chenguang Research Institute of Chemical Industry, Juhua Group Corporation, and Saudi Basic Industries Corporation (SABIC).
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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