High Performance Fluoropolymers Market worth 5.08 Billion USD by 2022

New product launches, mergers & acquisitions, joint ventures, and expansions & investments are the key strategies adopted by industry players to achieve growth in the high-performance fluoropolymers market between 2017 and 2022. Increasing industrial advancements, technological advancements, and demand for efficient materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility, and high dielectric strength have led various end-use industries to focus on high-performance fluoropolymers, thus leading to a rise in their demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and joint ventures. Some of the key players, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), and Shanghai 3F New Materials Company Ltd. (China) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high-performance fluoropolymers market between 2013 and 2016.

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The Chemours Company (US) is a leading player in the global high-performance fluoropolymers market. The company, as a major HPFs manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2016, the company started a new Teflon finishes plant at its Changshu work site, China. This expansion increased the production capacity of fluoroproducts and helped the company strengthen its position in China and the Asia Pacific region by offering high-quality products for both consumer and industrial applications.

Daikin Industries Ltd. (Japan) is one of the key HPFs manufacturers globally. The company operates through three major business divisions, namely, air conditioning division, chemicals division, and others. The other division includes refrigerator, oil hydraulics, defense systems, and electronics business. The company has its production capacities situated in Japan, the US, Europe, and China that are involved in the production of high-performance fluoropolymers.

Daikin has 207 consolidated subsidiaries, of which 28 are located within Japan and 179 are located outside Japan.
As a part of its business strategy, the company acquired MDA Manufacturing Inc., which was formerly a joint venture between Daikin Industries, Ltd. and The 3M Company in 2014. This acquisition strengthened the reach of the company in North America.

Key companies, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Co., Ltd. (China), Shanghai 3F New Materials Company Ltd. (China), and Halopolymer OJSC (Russia) are the most active players in the global HPFs market.

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