The global high-performance fluoropolymers (HPF) market size is estimated to be USD 3.3 billion in 2019 and is projected to reach USD 4.6 billion by 2024, at a CAGR of 6.9%. This growth is attributed to HPF's growing number of applications in various industries. Also, expansion across end-use industries is further driving the industry for HPF globally.
Coatings accounted for the largest market share and are also estimated to be the fastest-growing segment
HPF possesses excellent insulating properties, low surface energies, impermeability to gases, and high resistance to oils, UV radiation, chemicals, water, and corrosion. Owing to these excellent properties, HPFs, are used for architectural coatings, metallic coatings, wire & cable coatings, fiber coatings, and glass coatings, among other coating applications.
Increasing demand for coatings from various industries such as automobiles, industrial textiles, wires & cables, and industrial machinery, has created high demand for HPF's. Considering this scenario, the coatings segment is estimated to be the largest segment in the HPF market. Growth across various end-use industries of HPF's globally is the reason behind the fastest growth of the HPF market in the coatings segment.
North America is the largest HPF market globally
In 2018, North America accounted for the largest share in the global HPF market. New application development, product innovation, and presence of a large number of end-use industries, such as industrial processing, transportation, and electronics & electrical, among others.
US emerged as the largest producer of oil & gas globally, which triggered the expansion across downstream process industries, which benefited the HPF 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 HPF in North America.
Extensive primary interviews were conducted in the process of determining and verifying sizes of several segments and subsegments of the HPF market gathered through secondary research.
The breakdown of primary interviews has been given below:
- By Company Type: Tier 1 - 55%, Tier 2 - 27%, and Tier 3 - 18%
- By Designation: C Level Executives - 36%, Director Level - 18%, Others - 46%
- By Region: North America - 37%, APAC - 27%, Europe - 27%, RoW - 9%
The key companies profiled in this report include The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), Solvay SA (Belgium), AGC (Japan), The Dongyue Group (China), Gujrat Fluorochemicals Ltd. (India), Halopolymer OJSC (Russia), Hubei Everflon polymer (China), and China Reform Culture Holdings Co. Ltd. (China).
This report covers the HPF market and forecasts its market size until 2024. The market has been segmented based on type, form, end-use industry, and region. The report also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their positions in the market. The report also provides insights into the driving and restraining factors in the HPF market, along with opportunities and challenges across these industries. It also includes profiles for top manufacturers in the market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the HPF market and provides the closest approximations of overall market size for its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the market and provide information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product launch, acquisition, and expansion.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.5 Package Size
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Key Data From Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Data From Primary Sources
188.8.131.52 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
6 High-Performance Fluoropolymers Market, By Type
6.2.1 Types of PTFE
184.108.40.206 Granular/Molded Powder
220.127.116.11 Fine Powder
18.104.22.168 Aqueous Dispersion
22.214.171.124 Micronized Powder
7 High-Performance Fluoropolymers Market, By Form
7.3 Films & Membranes
7.5 Others (Liners, Additives, Wire & Cable, Machinery Spare Parts)
8 High-Performance Fluoropolymers Market, By End-Use Industry
8.2 Industrial Processing
8.2.1 Chemical Processing
8.2.2 Oil & Gas
8.2.3 Power Plants
8.2.4 Water Treatment
8.2.5 Food Processing
8.4 Electrical & Electronics
8.4.3 Electronic Components
8.4.5 Defence Electronics
8.5.1 Medical Devices
126.96.36.199 Surgical Equipment
188.8.131.52 Diagnostic Devices
184.108.40.206 Therapeutic System
8.5.2 Pharmaceutical and Biotechnology
8.6.2 Building & Construction
8.6.3 Consumer & Household
9 High-Performance Fluoropolymers Market, By Region
9.2 North America
9.3.3 South Korea
9.3.5 Rest of Asia-Pacific
9.4.7 Rest of Europe
9.5 Rest of the World (RoW)
9.5.1 Saudi Arabia
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.3 Emerging Companies
10.3 Competitive Benchmarking
10.3.1 Strength of Product Portfolio (For All 17 Companies)
10.3.2 Business Strategy Excellence (For All 17 Companies)
10.4 Market Ranking of Key Players
11 Company Profiles
11.1 The Chemours Company
11.2 Daikin Industries, Ltd
11.3 Asahi Glass Co., Ltd.
11.4 The 3M Company
11.5 Solvay S.A.
11.6 Dongyue Group Ltd.
11.7 Gujrat Fluorochemicals Limited
11.8 Hubei Everflon Polymer Co., Ltd.
11.9 Halopolymer OJSC.
11.10 Saudi Basic Industries Corporation (SABIC)
11.11 Shanghai 3F New Materials Company Ltd
11.12 Other Companies
11.12.2 Chenguang Research Institute of Chemical Industry
11.12.3 Shamrock Technologies
11.12.4 Jiangsu Meilan Chemical Co. Ltd
11.12.5 Juhua Group Corporation
11.12.6 Guanzhou Lichang Fluoroplastics Co., Ltd
11.12.7 Zhonghao Chenguang Chemical Research Institute Company Limited
*Note: The publisher is Not Considering PVDF Fluoropolymer as Its Caters in Temperature Below 150 0c.
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customization
12.5 Related Reports
12.6 Author Details
- Asahi Glass Co., Ltd.
- Chenguang Research Institute of Chemical Industry
- Daikin Industries, Ltd
- Dongyue Group Ltd.
- Guanzhou Lichang Fluoroplastics Co., Ltd
- Gujrat Fluorochemicals Limited
- Halopolymer OJSC.
- Hubei Everflon Polymer Co., Ltd.
- Jiangsu Meilan Chemical Co. Ltd
- Juhua Group Corporation
- Saudi Basic Industries Corporation (SABIC)
- Shamrock Technologies
- Shanghai 3F New Materials Company Ltd
- Solvay S.A.
- The 3M Company
- The Chemours Company
- Zhonghao Chenguang Chemical Research Institute Company Limited