Share: ResearchAndMarkets.com's offering. The global market size of HPFs was USD 3,300.9 million in 2019 and is projected to reach USD 4,272.7 million by 2025, at a CAGR of 7.0% between 2020 and 2025. This growth is attributed to HPF's growing number of applications in various industries. Also, expansion across end-use industries is further driving the industry for HPF globally. Rapid adoption of 5G Connectivity, advancements in the designing of electronic components, and rising need of hybrid and compact engines for automobiles are also among the major drivers of the HPF comsumption. 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.