High Performance Fluoropolymers Market worth $4.3 billion by 2025 - Exclusive Report by MarketsandMarkets High Performance Fluoropolymers Market by Type (PTFE, FEP, PFA/MFA, ETFE), Form (Granular, Fine Powder & Dispersion), End-use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the High Performance Fluoropolymer (HPF) Market is projected to grow from USD 3.1 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 7.0% during the forecast period. The growth of the High Performance Fluoropolymers Industry can be attributed to its high demand from various end-use industry and growing demand from renewables.
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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/ Suspension segment accounted for the largest market share in the HPF market