The fluoropolymer additives market is set to grow from its current market value of more than $1.2 billion to over $2.3 billion by 2027.
Global fluoropolymer additives market share is consolidated among various market participants such 3M, Dakin Industries, Solvay, Micro Powders, Asahi Glass, Maflon SpA and Shamrock Technologies.
According to the report, increasing demand for lightweight thermoplastics as a substitute for metals and the increasing demand for innovative architectural coatings in infrastructure development should stimulate growth in the fluoropolymer additives market. These materials offer exceptional heat and chemical resistance, high tensile strength, and low coefficient of friction, which enhance the performance of end-use applications such as coatings, insulation wires and coaxial cables. Rising investments in buildings and construction and growth in demand for lightweight plastics in automotive are also expected to fuel market demand.
Polytetrafluoroethylene is utilized in several end-use industries such as the automotive, consumer electronics and semiconductor industries because of its superior thermal stability, low maintenance cost, and corrosion and weather resistance. Rising demand for high-performance polymers in the industrial, transportation and electronics industries is likely to boost demand for fluoropolymer additives. Additionally, the rapid expansion of the automotive industry and increasing demand for lightweight automotive materials will further boost market growth.
The report predicts that consumption of PTFE fluoropolymer for printing inks will be above 70 kilotons by 2025. These fluoropolymers enhance the adhesion and rub performance when added to the ink. They provide superior surface protection, wetting and high pigment stabilization. Increasing innovation and growing demand of printing inks in several industries will further stimulate the market.
According to the study, demand in the United States for fluorinated ethylene propylene (FEP) fluoropolymer additives should record gains of about 6.5% by 2025. These products find applications in industrial machines and equipment and the automotive industry, owing to their high electrical property, chemical inertness and reduction in carbon dioxide emission. Rising demand for melt process-able thermoplastics in several end-use industries will boost the fluorinated ethylene propylene regional market growth.
In the U.K., demand for PTFE-based fluoropolymer additives for lubricant and grease applications was valued at over $2.5 million in 2018. These products provide improved performance of lubricants, maximized surface areas and low co-efficiency of friction of synthetic solids.
In China, demand for PFA-based fluoropolymers additives for coatings can expect gains at above 5.5% due to their corrosion resistance and abrasion resistance. PFA coatings offer chemical resistance and effective non-stick properties. These products have high impact resistance at elevated temperatures, ensuring long durability of end products. Rising infrastructural investments and the booming building and construction industry should accelerate industry growth.
The main objective of this report is to define, describe, and forecast the global fluoropolymer additives market on the basis of types of applications, major sectors, deployment models, organization size, and regions. This report mainly introduces volume and value market share by segments and also their price change details. The analysis includes the market by value, by segments, by application, by manufacturers and by region. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2018 to 2027. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2019 to 2027, considering 2018 as the base year. All market data presented in revenues, shipments and installed base, along with average pricing data.
The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report also offers insightful and detailed information regarding the various key players operating in the global market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
The report forecasts the market size, in terms of value, for various segments with regard to four main regions—North America, Europe, APAC, and RoW. It strategically profiles key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders.
The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. The report analyze detailed profiles of 20+ innovative and leading vendors, with information on products and services, target markets, strategy, SWOT analysis, key relationships and capital funding.
The research methodology used to estimate and forecast the market begins with capturing data on key vendor’s revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.
Key questions addressed by the report
Industrial Floor Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Thermal Barrier Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Concrete Floor Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Vinyl Surface Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...
Architectural Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027Read more...