DUBLIN--(BUSINESS WIRE)--The "High Performance Fluoropolymer Market by Type (PTFE, FEP, PFA/MFA, ETFE), Form (Coating, Film & Membranes, Tubing) End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North America, APAC, Europe) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global high-performance fluoropolymers (HPF) market size is estimated to be USD 3.3 billion in 2019 and is projected to reach USD 4.6 billion by 2024, at a CAGR of 6.9%.

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.

Coatings accounted for the largest market share and are also estimated to be the fastest-growing segment

HPF possesses excellent insulating properties, low surface energies, impermeability to gases, and high resistance to oils, UV radiation, chemicals, water, and corrosion. Owing to these excellent properties, HPFs, are used for architectural coatings, metallic coatings, wire & cable coatings, fiber coatings, and glass coatings, among other coating applications.

Increasing demand for coatings from various industries such as automobiles, industrial textiles, wires & cables, and industrial machinery, has created high demand for HPF's. Considering this scenario, the coatings segment is estimated to be the largest segment in the HPF market. Growth across various end-use industries of HPF's globally is the reason behind the fastest growth of the HPF market in the coatings segment.

In 2018, 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, among others.



US emerged as the largest producer of oil & gas globally, which triggered the expansion across downstream process industries, which benefited the HPF market. Also, the US and Mexico are amongst the top automotive manufacturers of HPF globally. The presence of full-fledged end-use industries is the major demand driver for HPF in North America.

The key companies profiled in this report include The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), Solvay SA (Belgium), AGC (Japan), The Dongyue Group (China), Gujrat Fluorochemicals Ltd. (India), Halopolymer OJSC (Russia), Hubei Everflon polymer (China), and China Reform Culture Holdings Co. Ltd. (China).

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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