Author: Vikas Kumar
19 November 2022
The global high-performance fluoropolymers market is likely to showcase a growth of around 7% during the forecast period. This can be ascribed to the growing end-use industry, increasing demand for high-quality products among consumers, growth in PV installation, and increasing industrial production in emerging markets.
Fluoropolymers are fluorocarbon-based, high-performance plastics that find application in several bespoke, intricate applications where the usage of other polymers has various limitations. High-performance polymers are used in the electrical industry to insulate & protect wires, preventing overheating & potential fires. In the transportation industry, it is used in areas where temperature and chemical resistance components are required to make vehicles and planes safer. Further, due to their limited maintenance cost, it is preferred among the industrial players.
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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. Among these, PTFE held the prominent share of the market due to its wide usage in industrial processes. In industrial applications, owing to its low friction, PTFE is used for plain bearings, gears, slide plates, seals, gaskets, bushings, and more applications with sliding action of parts, where it outperforms acetal and nylon.
Based on application, the market is categorized into coatings & liners, components, films, additives, and others. Among these, coatings & liners held a prominent share of the market. Over the years, industrial production has increased manifold owing to the growing population, urbanization, and improving the standard of living. This has created a demand for products which does not only suffice the general requirement but are also safe and provide high performance. Owing to which companies are focusing on fluoropolymer coatings in order to meet consumer expectations and provide value addition in the final product. Fluoropolymer coating has non-stick, chemical resistance, non-wetting, and corrosion resistance properties. It also has very low dielectric and dissipation factors that provide superior signal insulation to data transmission networks. Therefore, in the era of the digital world, where low latency is a must in order to deal with complex data, thus with increasing digitalization demand for fluoropolymer coating is expected to see robust growth from the semiconductor industry
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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. The Asia-Pacific accounted for a prominent share in the global high-performance fluoropolymers market owing to the large base of the end-use industry including electrical & electronics, building and construction, cookware, industrial, and automotive. Further, a large and growing population coupled with rapid urbanization is supporting industrial production in the region. Besides large demographic, improving per-capita income and disposable income is encouraging consumers to purchase high-quality products, thereby increasing the demand for high-performance fluoropolymers. Further, the region is expected to showcase robust growth during the foreseeable future as well due to semiconductor industry facility expansion in order to deal with growing demand. Government favorable policies to support the semiconductor industry are luring international companies to open their manufacturing facility in the regional country. For instance, the Government of India envisioned a comprehensive program for developing the semiconductors and display manufacturing ecosystem in India with a budget of over USD 10.2 billion (INR 76,000 crore).
Global High-Performance Fluoropolymers Market Segmentation
Market Insight, by Type
• Polytetrafluoroethylene (PTFE)
• Fluorinated ethylene propylene (FEP)• Perfluoroalkoxy Polymer (PFA)• Polytetrafluoroethylene (ETFE)• Others
Market Insight, by Form
• Granular
• Powder & Dispersion
Market Insight, by Application
• Coatings & Liners
• Components• Films• Additives• Others
Market Insight, by End-User
• Industrial Processing
• Transportation• Electrical & Electronics• Medical• Others
Market Insight, by Region
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