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The market size of high performance fluoropolymers is estimated to grow from USD 3.69 Billion in 2017 to USD 5.08 Billion by 2022, at a CAGR of 6.6%. The market is driven due to the replacement of conventional materials by HPFs in various end-use industries, such as electrical & electronics, medical, industrial processing, and transportation, for high temperature applications, as well as improved regulations by the regional environment associations.
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High Performance Fluoropolymers Market The report "High Performance Fluoropolymers Market by Type (FPTFE, FEP, PFA/MFA, ETFE), End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North America, Asia Pacific, Europe) - Global Forecast to 2022", The market size of high performance fluoropolymers is estimated to grow from USD 3.69 Billion in 2017 to USD 5.08 Billion by 2022, at a CAGR of 6.6%. The market is driven due to the replacement of conventional materials by HPFs in various end-use industries, such as electrical & electronics, medical, industrial processing, and transportation, for high temperature applications, as well as improved regulations by the regional environment associations. View Full Report : https://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html
Introduction High performance fluoropolymers are of various types. PTFE, FEP, PFA/MFA, and ETFE are the main types considered in the report. The PTFE segment accounted for the largest market share, in terms of both value as well as volume, followed by FEP and PFA/MFA segments in 2016. The PTFE segment captures the largest market share due to its high demand in various applications, vast availability, and better properties For example, PTFE’s high chemical resistance makes it convenient for fittings and in equipment for chemical and food processing industries. In addition, it is used to manufacture products such as seals, piston rings, and bearings in the industrial equipment industry. It is available at a lower price as compared to other high performance fluoropolymers. It is also the most extensively used HPF for non-stick coating on pans and other cookware applications. View Full Report : https://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html
Key Participants The top five companies in this market are The Chemours Company (US), Daikin Industries, Ltd. (Japan), Asahi Glass Co., Ltd. (Japan), The 3M Company (US), and Solvay SA (Belgium). Entering in related industries and targeting new markets will enable HPFs manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of high performance plastics are SABIC (Saudi Arabia), Gujarat Fluorochemicals Limited (India), The Dongyue Group (China), etc. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html
On The Basis Of Region: North America, Europe, Asia Pacific, and Rest of the World are the main regions considered for HPFs market in the report. North America is leading the HPFs market. The rising demand for HPFs in this region is mainly driven by their increased use in electrical & electronics and medical industries. Asia Pacific is the second-largest consumer and manufacturer of high performance fluoropolymers, globally. The region is also expected to register the highest CAGR between 2017 and 2022, in terms of both value and volume. This high growth is driven by China and India, which are among the fastest-growing economies in the world. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html
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