High-Performance Fluoropolymers Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (PTFE, FEP, PFA, ETFE, and Others); Form (Granular and Powder & Dispersion); Application (Coatings & Liners, Components, Films, Additives, and Others); End-User (Industrial Processing, Transportation, Electrical & Electronics, Medical, and Others); Region and Country
The global high-performance fluoropolymers market is likely to showcase a growth of around 7% during the forecast period. 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.
Insights Presented in the Report
“Amongst type, PTFE held a prominent share in the market in 2020”
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.
“Amongst end-users, industrial processing accounted for a significant share in 2020”
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 is expected to retain its position during the forecast period”
For a better understanding of the market adoption of High-Performance Fluoropolymers, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. 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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|1.1. Market Definitions|
|1.2. Main Objective|
|2.1. Research Process of the High-Performance Fluoropolymers Market|
|2.2. Research Methodology of the High-Performance Fluoropolymers Market|
|2.3. Respondent Profile|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. IMPACT OF COVID-19 ON THE HIGH-PERFORMANCE FLUOROPOLYMERS MARKET|
|6. HIGH-PERFORMANCE FLUOROPOLYMERS MARKET REVENUE (USD MN), 2020-2028F|
|7.1. Polytetrafluoroethylene (PTFE)|
|7.2. Fluorinated ethylene propylene (FEP)|
|7.3. Perfluoroalkoxy Polymer (PFA)|
|7.4. Polytetrafluoroethylene (ETFE)|
|8.2. Powder & Dispersion|
|9.1. Coatings & Liners|
|10.1. Industrial Processing|
|10.3. Electrical & Electronics|
|11.1. North America|
|11.1.1. The United States|
|11.1.3. Rest of North America|
|11.2.2. The United Kingdom|
|11.2.6. Rest of Europe|
|11.3.4. Rest of Asia-Pacific|
|11.4. Rest of World|
|12.1. Market Drivers|
|12.2. Market Challenges|
|12.3. Impact Analysis|
|13. HIGH-PERFORMANCE FLUOROPOLYMERS MARKET OPPORTUNITIES|
|14. HIGH-PERFORMANCE FLUOROPOLYMERS MARKET TRENDS|
|15.1. Demand Side Analysis|
|15.2. Supply Side Analysis|
|16. VALUE CHAIN ANALYSIS|
|17.1. Competitive Landscape|
|17.1.1. Porters Fiver Forces Analysis|
|18.1. Solvay S.A.|
|18.2. Arkema S.A.|
|18.3. Rochling SE & Co. AG|
|18.4. The Chemours Company|
|18.5. Daikin Industries Inc.|
|18.6. The 3M Company|
|18.7. AGC Inc.|
|18.8. Shandong Dongyue Polymer Material Co. Ltd.|
|18.9. Gujarat Fluorochemicals Limited|
|18.10. Fluorseals S.p.A.|
Research Methodology for Global High-Performance Fluoropolymers Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of high-performance fluoropolymers, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the high-performance fluoropolymers industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of high-performance fluoropolymers through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the high-performance fluoropolymers market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type, form, application, and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of high-performance fluoropolymers globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of high-performance fluoropolymers. Further, we conducted factor analysis using dependent and independent variables such as the growing end-use industry and increasing usage of high-quality polymers over conventional polymers. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the high-performance fluoropolymers industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global High-Performance Fluoropolymers market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of high-performance fluoropolymers across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the high-performance fluoropolymers market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global high-performance fluoropolymers market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type, form, application, and end-user.
The main objective of the high-performance fluoropolymers market study
The current & future market trends of global high-performance fluoropolymers were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of high-performance fluoropolymers in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include the area of the type, form, application, and end-user
- Defined analysis of the regulatory framework for the high-performance fluoropolymers industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of high-performance fluoropolymers for the major countries
- Major regions/countries analyzed in the report include 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 Asia-Pacific), and Rest of World
- Company profiles of the High-Performance Fluoropolymers market players and the growth strategies adopted by them to sustain the growing market
Deep dive country-level analysis of the industry