Global High Performance Fluoropolymer Market 2018
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.
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High Performance Fluoropolymer Market– Top 10 Global key Players & Their Strategy
Some of the prominent players operating in the High Performance Fluoropolymer Market are Solvay (Belgium), 3M (U.S.), DuPont (U.S.), Shamrock Technologies (U.S.), The Chemours Company (U.S.), DAIKIN INDUSTRIES, Ltd. (Japan), AGCCE (U.K), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Polymer CO., Ltd. (China), Shanghai 3F New Materials Co., Ltd.(China) among others.
High Performance Fluoropolymer Market
High Performance Fluoropolymers are fluorocarbons containing polymers with exceptionally high performance material characteristics. They exhibit superior properties such as excellent chemical resistance at elevated temperature, high electrical insulation, and superior mechanical & thermal stability which makes it suitable for numerous end use industries such as aviation & automobiles, electrical & electronics, industrial processing, medical among others.
Target Audience during forecast period
- High Performance Fluoropolymer manufacturers
- Traders and Distributors of High Performance Fluoropolymer
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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.
Based on application, the market is segmented into coatings & liner, mechanical parts & component, film, additives, and others. On the basis of end use industries, the market is categorized into aviation & automobiles, electrical & electronics, industrial processing, medical and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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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.
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