Revenue growth of the manufacturing sector in APAC and advancements in design of electronic components are major factors driving market revenue growth

The global High Performance Fluoropolymers (HPF) Market size is expected to reach USD 5,935.9 Million in 2030 and register a steady revenue CAGR of 7.0 % over the forecast period, according to the latest report by Reports and Data. Rapid adoption of 5G connectivity, advancements in design of electronic components, and revenue growth of the manufacturing sector in APAC are major factors driving market revenue growth. HPFs are becoming more popular in the automotive industry due to excellent heat resistance, low weight, great dimensional stability, and chemical resistance. HPFs are utilized in various engine components to increase vehicle performance and longevity. These products are employed in automobile and aerospace industries to make various interior and exterior components. In addition, lower emissions and improved fuel economy are also expected to drive revenue growth of the market.

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Top Lading Players: AGC Inc., DAIKIN Industries, Ltd., The Chemours Company, GFL Company, 3M, Solvay, Halopolymer, OJSC, Dongyue Group., Hubei Everflon Polymer Co., Ltd., and Guangzhou Lichang Fluoroplastics Co., Ltd.

Some Key Highlights from the Report:

• The Fluorinated Ethylene Propylene (FEP) segment is expected to register fastest revenue growth rate over the forecast period. FEP tubing is manufactured when FEP is melt-processed in a similar way as Polytetrafluoroethylene (PTFE). FEP also offers numerous distinct advantages, including improved clarity and ability to form long and continuous coils. These factors are expected to drive revenue growth of this segment throughout the forecast period.
• The industrial processing segment accounted for largest revenue share in 2021. HPFs are used to apply films, coatings, liners, and components in various industrial processing end-use gear and equipment. Chemical processing, food processing, textile processing, oilfield equipment, and pharmaceutical processing are all common uses for HPFs in this industry.
• The Europe market is expected to register a moderately fast revenue growth rate over the forecast period  This is due to emergence of new business models, increasing end-use industries, and a shift in manufacturers' preference towards high-performance fluoropolymers. Countries in Europe, such as Spain, Germany, France, and the UK, have emerged as important regional consumer markets.
• The North America market accounted for largest revenue share in 2021. This is due to new application development, product innovation, and rising demand from various end-use industries. The U.S. and Mexico are among the world's leading producers of HPF for automotive. Furthermore, existence of various end-use industries is also expected to drive market revenue growth.

Segments covered in the report:

Type Outlook (Revenue, USD Million; 2019–2030)

• Polytetrafluoroethylene (PTFE)
• Fluorinated Ethylene Propylene (FEP)
• Perfluoroalkoxy (PFA)/Methyl Fluoroacetate(MFA)
• Ethylene Tetrafluoroethylene (ETFE)
• Others (Includes Ethylenechlorotrifluoroethylene (ECTFE) and Polychlorotrifluoroethylene (PCTFE)

Form Outlook (Revenue, USD Million; 2019–2030)

• Granular/Suspension
• Fine Powder & Dispersion
• Micropowder

End-use Industry Outlook (Revenue, USD Million; 2019–2030)

• Industrial Processing
• Chemical processing
• Oil & Gas (O&G)
• Power Plants
• Water Treatment
• Food Processing
• Transportation
• Automotive
• Aerospace
• Electrical & Electronics
• Telecommunication
• Semiconductors
• Electronic Components
• Defense Electronics
• Medical
• Medical Devices
• Pharmaceutical & Biotechnology
• Others
• Building & Construction
• Consumer Household

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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