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 Fluoropolymer Industry were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to high demand of fluoropolymer in Asia Pacific region, the manufacturers in European region are using acquisition strategy of local producers in the Asia Pacific and other regions to increase their global market share.
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 are some of the prominent players at the forefront of competition in the Global High Performance Fluoropolymer Market Size and are profiled in MRFR Analysis.
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.
Now a days, the demand for polytetrafluoroethylene is increasing as a rod, tubes and un-sintered tapes in industrial applications. Polytetrafluoroethylene rods withstand high temperature range and high chemical resistance, these rods are self-lubricating which provides low friction coefficientand hence are well known for the dimensional accuracy and compact design. Based on the process of manufacturing, MRFR segment the rods in to Molded Polytetrafluoroethylene Rods, Extruded Polytetrafluoroethylene Rods. Due to rapid growth in chemical and electrical industries and ease of machining and excellent balance of end-use properties, extruded polytetrafluoroethylene rods are on high demand in the world.
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High Performance Fluoropolymer Market - Regional Analysis:
Asia Pacific region accounted largest market share in the global Polytetrafluoroethylene market and expected to dominate during the forecast period due to rapid industrialization, high demand of engineering plastics and high penetration of end user industry in the region. The unique properties of polytetrafluoroethylene such as lowest coefficient of friction among all fluoropolymer which makes it ideal in lubricious slippery material to reduce linear friction and chemical resistant to all types of acids and solvents making it 100% chemically inert are some of the factors that drive polytetrafluoroethylene in Asia Pacific Market. Asia pacific market is mainly occupied by China being largest consumer and manufacturer and exporter of polytetrafluoroethylene. Europe is the second largest market for polytetrafluoroethylene followed by North America.
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