According to the latest report by Reports and Data, the global market size for High Performance Fluoropolymers (HPF) is projected to reach USD 5,935.9 million by 2030, with a steady revenue compound annual growth rate (CAGR) of 7.0% over the forecast period. The market growth is driven by the rapid adoption of 5G connectivity, advancements in electronic component design, and revenue growth of the manufacturing sector in the Asia Pacific region. HPFs are gaining popularity in the automotive industry due to their excellent heat resistance, low weight, great dimensional stability, and chemical resistance.
HPFs are used in various engine components to enhance vehicle performance and durability. They are also used in the production of interior and exterior components in the automobile and aerospace industries. Additionally, the market growth is expected to be driven by lower emissions and improved fuel economy.
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Companies profiled in the global High performance fluoropolymers market report include AGC Inc., DAIKIN Industries, Ltd., The Chemours Company, GFL Company, 3M, Solvay, Halopolymer, OJSC, Dongyue Group., Hubei Everflon Polymer Co., Ltd., and Guangzhou Lichang Fluoroplastics Co., Ltd.
Fluoropolymers are being used to improve the performance of coatings for building materials, contemporary industrial equipment, and home appliances. Fluoropolymer resins possess qualities that make them an ideal choice for applications requiring low friction and excellent resistance to solvents, acids, and bases. Fluoropolymer resin coatings exhibit great chemical resistance, excellent thermal characteristics, and excellent weather stability, which has increased their popularity and is expected to continue over the forecast period.
The report highlights that the Fluorinated Ethylene Propylene (FEP) segment is expected to register the fastest revenue growth rate over the forecast period due to the distinct advantages it offers, such as improved clarity and the ability to form long and continuous coils. The industrial processing segment accounted for the largest revenue share in 2021 and HPFs are commonly used in various industrial processing end-use gear and equipment such as chemical processing, food processing, textile processing, oilfield equipment, and pharmaceutical processing.
The European market is expected to register a moderately fast revenue growth rate over the forecast period due to the emergence of new business models, increasing end-use industries, and a shift in manufacturers' preference towards high-performance fluoropolymers. The North American market accounted for the largest revenue share in 2021 due to new application development, product innovation, and rising demand from various end-use industries. The U.S. and Mexico are among the world's leading producers of HPF for the automotive industry.
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For the purpose of this report, Reports and Data has segmented the high performance fluoropolymers market based on type, form, end-use, and region:
Type Outlook (Revenue, USD Million; 2019–2030)
- Polytetrafluoroethylene (PTFE)
- Fluorinated Ethylene Propylene (FEP)
- Perfluoroalkoxy (PFA)/Methyl Fluoroacetate(MFA)
- Ethylene Tetrafluoroethylene (ETFE)
- Others (Includes Ethylenechlorotrifluoroethylene (ECTFE) and Polychlorotrifluoroethylene (PCTFE)
Form Outlook (Revenue, USD Million; 2019–2030)
- Granular/Suspension
- Fine Powder & Dispersion
- Micropowder
End-use Industry Outlook (Revenue, USD Million; 2019–2030)
- Industrial Processing
- Chemical processing
- Oil & Gas (O&G)
- Power Plants
- Water Treatment
- Food Processing
- Transportation
- Automotive
- Aerospace
- Electrical & Electronics
- Telecommunication
- Semiconductors
- Electronic Components
- Defense Electronics
- Medical
- Medical Devices
- Pharmaceutical & Biotechnology
- Others
- Building & Construction
- Consumer Household
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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