Global High Performance Fluoropolymers Market to See 6.6% CAGR to 2022, Forecasts M&M in Its New Report Recently Added at MarketPublishers.com
22 Sep 2017 • by Natalie Aster
LONDON – Today, high performance fluoropolymers (HPFs) are extensively used in an array of industrial sectors (including food production, oil & gas, water treatment, textile processing, etc.) in processing and maintenance operations under severe conditions due to their non-stick properties resulting from their low surface energies. Escalating usage of HPFs in the industrial processing sector is the key factor expected to propel growth in the world’s HPFs market, which is set to increase at a 6.6% CAGR during 2017-2022 to reach USD 5.08 billion in value.
Basing on types, the fluorinated ethylene propylene (FEP) sector is predicted to witness the highest growth rates through 2022. Robust uptake in this sector will go an impetus to the overall market growth.
Regionally, the APAC HPFs market is projected to increase at the highest pace both in terms of volume and value up till 2022, boosted by robust economic growth, hike in manufacturing industries, availability of cheap labor, rising foreign investments, increasing number of HPFs applications, amid others. China, South Korea and Japan are forecast to be the key contributors to the regional market growth.
New research study “High Performance Fluoropolymers Market by Type, End-Use Industry, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) offers a clear picture of the present scenario in the world’s market as well as across the key geographical markets. Moreover, this report includes relevant info on the historical background, market dynamics, key influencing forces, prevailing trends as well as emerging growth challenges and opportunities. Besides, this publication describes the competitive scenario, profiles comprehensive profiles of the top players, examines the major market segments and also includes a snapshot of the recent industry developments and important related news. In addition, this report outlines future growth prospects as well as offers forecasts for the HPFs market up to 2022.
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