High Performance Fluoropolymer Market Overview:
High Performance Fluoropolymer is a high molecular weight synthetic solid state fluorocarbon made entirely of carbon and fluorine atoms. Polytetrafluoroethylene is one of the important high performance fluoropolymer that account for a significant demand of the global market.
Polytetrafluoroethylene is also commercially recognized as Teflon which is widely used in nonstick cookware. The electrical industry were the single-largest application of Polytetrafluoroethylene, with a largest market share of the total demand in 2016 due to growing demand of polytetrafluoroethylene for hookup wire, coaxial cables and other applications.
Now a days, the demand for polytetrafluoroethylene is increasing as a rod, tubes and un-sintered tapes in industrial applications. Polytetrafluoroethylene rods withstand high temperature range and high chemical resistance, these rods are self-lubricating which provides low friction coefficientand hence are well known for the dimensional accuracy and compact design.
Based on the process of manufacturing, MRFR segment the rods in to Molded Polytetrafluoroethylene Rods, Extruded Polytetrafluoroethylene Rods. Due to rapid growth in chemical and electrical industries and ease of machining and excellent balance of end-use properties, extruded polytetrafluoroethylene rods are on high demand in the world.
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Competitive Dasboard:
Solvay
DuPont
Shamrock Technologies
The Chemours Company
DAIKIN INDUSTRIES
Gujarat Fluorochemicals
Hubei Everflon Polymer CO
Shanghai 3F New Materials Co
Industry/ Innovation/ Related News:
November 2016 :
Rogers Corporation a global leader in engineered material solutions, announces the acquisition of DeWAL Industries, a leading manufacturer of high performance polymer films and pressure sensitive tapes. DeWAL’s business is highly complementary to Rogers’ Elastomeric Material Solutions business enabling expansion into a close market adjacency, and increasing penetration into aerospace, electronics, and other attractive industrial verticals.
This acquisation is a strong strategic fit within Rogers Corporations high performance polyurethane and silicone materials business, expanding our portfolio to include PTFE and other materials for technologically advanced applications.
November 2015 :
The B’laster Corporation announced an expanded presence in Canada by adding to their retail presence there and entering the country’s industrial market for the first time to increase their North American market share. The B’laster portfolio at Canadian Tire and Wajax includes several products formulated with Teflon™ fluoropolymer to help reduce friction and wear, enhance performance and protect surfaces. These include PB-50 Multi-Purpose Lubricant, Silicone Lubricant, Chain & Cable Lubricant and Dry Lube.
Regional Analysis:
The Global High Performance Fluoropolymer Market is segmented into five regions namely – Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the forecast period owing to increasing demand from end use industries such as aviation & automobiles, electrical & electronics among others. The demand for High Performance Fluoropolymer is anticipated to surge in emerging economies such as China, India, and Vietnam due to growing automobile production and sales. Moreover, ease in availability of raw material, relatively cheap labor cost, and implementation of new development strategies to fulfil the demand for High Performance Fluoropolymer in the increasing applications are the important factors for the regional market growth.
North America has emerged as the largest market for High Performance Fluoropolymer followed by Asia Pacific and Europe. North America is expected to witness a significant growth in High Performance Fluoropolymer Market due to increased usage in medical as well as electrical & electronics industries. In North America, countries such as U.S., Mexico, Canada, and Guatemala are among the key contributors in the regional market growth and are anticipated to see an important regional market growth in the upcoming years. Latin American countries such as Colombia, Argentina, Brazil and Peru are also expected to witness moderate growth with the association of new business models.
Moreover, High Performance Fluoropolymers are widely used in manufacturing of high class lab & scientific instruments. Expansion of general industry in countries such as India, China, U.S, Japan, Mexico, and Germany is anticipated to drive market growth. Countries in Europe such as Spain, Germany, France, and U.K have emerged as regional consumer markets due to developed end use industries and shifting manufacturer’s interest towards High Performance Fluoropolymer. In addition to this, Middle East & Africa is predicted to witness a moderate growth during the review period. Rising investment in residential as well as commercial construction sector, specifically in Saudi Arabia, Qatar and the United Arab Emirates (UAE) is expected to positively influence High Performance Fluoropolymer business over the forecast period.
Competitive Landscape:
The MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the global high performance fluropolymer market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to high demand of fluropolymer in Asia Pacific region, the manufacturers in European region are using acquisition strategy of local producers in the Asia Pacific and other regions to increase their global market share.
Intended Audience:
- High Performance Fluoropolymer manufacturers
- Traders and Distributors of High Performance Fluoropolymer
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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