High-performance fluoropolymers are versatile in nature as a result found usage in a wide range of diversified industries including industrial processing, transportation, electrical electronics, medical, and others. Further, due to their superior properties over conventional polymers, companies are increasingly preferring high-performance fluoropolymers owing to increased demand for better quality products among consumers. Further, increasing investment in electrical electronics and the healthcare sector is fueling the market growth. However, in light of COVID-19, the industry witnessed a fall in polymer demand. Due to the Covid-19 pandemic, supply chains were disrupted, companies suffered from scarcity of labor, logistics hurdles, and ailing financial health. This reduced the demand for high-performance fluoropolymers significantly.
According to UnivDatos Market Insights (UMI)’ research report “Global High-Performance Fluoropolymers Market”, the market is expected to showcase a growth of around 7% during the forecast period. Growing end-use industry, increasing demand for high-quality products among consumers, growth in PV installation, and increasing industrial production in emerging markets are some of the key attributable factors for the growth of the market.
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Based on type, the market is categorized into PTFE, FEP, PFA, ETFE, and others. Among these, PTFE accounted for a dominant share of the market. PTFE is a synthetic fluoropolymer of tetrafluoroethylene. It is an incredibly versatile material with a wide variety of applications. Its chemical inertness, heat resistance capability, low-frictional co-efficient, and high electrical insulation properties make it a preferred component for industrial use.
Based on end-user, the market is categorized into industrial processing, transportation, electrical electronics, medical, and others. Among these, industrial processing accounted for a significant share of the market and is expected to maintain a prominent position in the market during the forecast period. In industrial processing, high-performance fluoropolymers are used where high thermal and chemical resistance is essential to conduct the operation.
Asia-Pacific accounted significant share of the market in 2020
Asia-Pacific held a significant share of the high-performance fluoropolymers market and is expected to retain its position during the forecast period. A large base of industrial processing and electrical electronic industries in the region is maintaining market growth. Further, the emerging number of players and continuous technological advancement in the medical device and products sectors are the major factors for the growth of high-performance fluoropolymers in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global High-Performance Fluoropolymers market include Solvay S.A., Arkema S.A., Rochling SE Co. AG, The Chemours Company, Daikin Industries Inc., The 3M Company, AGC Inc., Shandong Dongyue Polymer Material Co. Ltd., Gujarat Fluorochemicals Limited, and Fluorseals S.p.A. These companies are taking several strategic decisions to meet the growing demand and increase their market share.
“Global High-Performance Fluoropolymers Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Market Segmentation:
- By Type (PTFE, FEP, PFA, ETFE, and Others)
- By Form (Granular and Powder Dispersion)
- By Application (Coatings Liners, Components, Films, Additives, and Others)
- By End-User (Industrial Processing, Transportation, Electrical Electronics, Medical, and Others)
- By Region (North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)
- By Company (Solvay S.A., Arkema S.A., Rochling SE Co. AG, The Chemours Company, Daikin Industries Inc., The 3M Company, AGC Inc., Shandong Dongyue Polymer Material Co. Ltd., Gujarat Fluorochemicals Limited, and Fluorseals S.p.A.)
Key questions answered in the study:
- What are the current and future trends of the global high-performance fluoropolymers industry?
- How the industry has been evolving in terms of type, form, application, and end-user?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global high-performance fluoropolymers industry?
- What are the customer orientation, purchase behavior, and expectations from the global high-performance fluoropolymers suppliers across various region and countries?
