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. Rapid adoption of 5G Connectivity, advancements in the designing of electronic components, and rising need of hybrid and compact engines for automobiles are also among the major drivers of the HPF comsumption.
New York, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "High Performance Fluoropolymers Market by Type, Form, End-use Industry And Region - Global Forecast to 2025" - https://www.reportlinker.com/p05095366/?utm_source=GNW
PTFE accounted for the largest share in total HPF market
PTFE is the most widely used type of HPF and accounted for the largest market share.There is an increase in the use of dispersion and fine powder PTFE, for various applications, especially in North America and APAC.
It is used in a wide range of applications such as semiconductor, automotive components, electrical appliances, and non-stick cookware. The growing applications in the electrical & electronics industry are expected to trigger the demand for PTFE, especially in advanced batteries and fuel cells.
Granular form accounted for the largest market share
HPF market is segmented into various forms such as suspension/granules, Fine powder & dispersion, and micropowder.HPFs in the form of suspension/granules dominate the market.
HPFs exhibit excellent properties, such as good insulation, low surface energies, and high resistance to oils, UV radiation, chemicals, water, and corrosion.Granular fluoropolymers are processed by compression and sintering to make parts directly or to make billets suitable for machining.
HPFs in the form of granules are ideal for manufacturing high-performance mechanical/electrical products requiring excellent end-use performance such as skived tapes, films, sheets, machined gaskets, expansion joints, bellows, piston rings, and diaphragms. Suitability of granular form of HPFs in the manufacturing of various components is a major reason for the large market size.
Industrial processing segment accounted for the largest market share
HPFs market is segmented on the basis of end-use industry as industrial processing, transportation, medical, electrical & electronics, and others. The increased usage of HPFs in chemical processing, food processing, pharmaceutical processing, oil & gas, water treatment, and other industries for equipment maintenance and processing.
North America is the largest HPF market globally
In 2019, 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.
US emerged as the largest producer of oil & gas globally, which triggered the expansion across downstream process industries, which benefitted the HPF market.Also, the US and Mexico are amongst the top automotive manufacturers of HPF globally.
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 (Japan), 3M (US), Solvay (Belgium), AGC (Japan), The Dongyue Group (China), GFL Ltd. (India), and Halopolymer OJSC (Russia), Hubei Everflon polymer (China).
This report covers the HPF market and forecasts its market size until 2025.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.
Read the full report: https://www.reportlinker.com/p05095366/?utm_source=GNW
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