Hexafluoropropylene (HFP) is a fluorocarbon alkene, whose molecular formula is C3F6, in which the hydrogen atoms present in propylene are substituted by fluorine atoms. It is an odourless & colourless inflammable gas and is slightly soluble in water. It is manufactured in a closed system. It is widely used as an intermediate in the pharmaceutical industry. Fluorine-containing high polymer materials are obtained by the copolymerization of hexafluoropropylene. Hexafluoropropylene is stored in carbon-steel or stainless pressure-resistant containers.
Fluoroelastomer produced by hexafluoropropylene is solvent-resistant, oil-resistant and heat-resistant owing to which it is significantly used in petroleum, aviation and automotive industries, which is expected to fuel its demand during the forecast period. Hexafluoropropylene is an important monomer as well as chemical intermediate for various fluorine-containing chemicals. It is also used as a raw material in leather-treating agents, fabric finishing agents and fluoride surfactants, among others.
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Hexafluoropropylene Market: Regional Outlook
North America and Europe are expected to witness a surge in the demand for hexafluoropropylene during the forecast period, which can be attributed to the growing chemical and plastic industry in these regions. Asia Pacific is expected to witness significant growth during the forecast period, which can be attributed to the growing plastic, chemical, rubber and pharmaceutical industries in developing regions such as China and India, among others. Latin America and Middle East & Africa (MEA) is expected to witness slow to moderate growth during the forecast period due to a relatively low demand for hexafluoropropylene from various end use industries as compared to other regions. Moderate to healthy growth in the demand for hexafluoropropylene is expected across the globe due to the growing demand for firefighting chemicals and pharmaceuticals.
Hexafluoropropylene Market: Key Participants
Some of the key participants in the global hexafluoropropylene market are:
- Matheson
- Unimatec Co, Ltd.
- China Haohua Chemical Group Co., Ltd.
- Juhua Group Corporation
- DuPont
- Dongyue Chemical Co., Ltd.
- Pelchem Pty Ltd.
- Gujarat Fluorochemicals Limited
- NANOSHEL LLC
- Hangzhou Ruilipu Trade Co., Ltd.
- The Chemours Company
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported & industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Hexafluoropropylene Market: Segmentation
By application, the hexafluoropropylene market can be segmented as:
- Hexafluoropropylene Oxide (HFPO)
- Others
By end use, the hexafluoropropylene market can be segmented as:
- Plastic
- Chemicals
- Rubber
- Pharmaceutical
- Others
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- South East Asia & Pacific (ASEAN, Australia & New Zealand)
- China
- India
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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