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Fluoropolymer Additives Market 2019 - Global Industry Growth, Analysis, Share, Trends and Forecast by 2025

Author : Ronak Bora | Published Date : 2019-05-27 

Fluoropolymer additives market surpassed USD 1.2 billion in 2018 pertaining to its growing demand from automotive, consumer electronics, semiconductors and construction industries. These products find usage in architectural coatings and building exteriors pertaining to their low coefficient of friction, superior weather resistance, light-weight and melt-processable capability which is likely to increase the product demand from coatings industry. Fluoropolymer Additives Market may exceed USD 1.9 billion by 2025; according to a new research report.

Increasing demand for light weight thermoplastics as substitutes for metals and increasing demand for innovative architectural coatings in infrastructure development should stimulate fluoropolymers additives market growth. These materials offer exceptional heat & chemical resistance, high tensile strength and low coefficient of friction which enhances the performance of end use applications such as coatings, insulation wires & coaxial cables. Rising investments in buildings & construction and growth in demand for lightweight plastics in automotive is further expected to fuel the market demand.

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The global fluoropolymer additives market is expected to amass considerable revenue over 2019-2025 due to the wide-ranging application scope for fluoropolymers in different types of coatings, printing inks, lubricants etc. The importance of fluoropolymer additives in the chemical industry is clearly vivid from the fact that the Trump administration, due to the ongoing tariff war between U.S. and China, wanted to impose 25% tariff on the import of fluoropolymer from China.

PTFE is possibly one of the most widely used fluoropolymers and is expected to act as one of the major driving forces in the growth of the fluoropolymer additives market due to its application in automotive, construction, semiconductor and consumer electronics. It is a potent coating material that is being increasingly deployed in architectural coatings. For instance, fluoropolymer coatings have recently come to be used for cool roofing. The very low surface energy of fluoropolymer coatings has proved to be excellent for dirt pickup resistance, a crucial factor for solar reflectance. Fluoropolymer coatings also withstand prolonged exposure to water, temperature extremes, humidity, oxygen, ultraviolet rays and atmospheric pollutants. Consequently, fluorinated cool-roof coatings are a weather-resistant choice when it comes to extended lifetime performance.

North America PTFE fluoropolymer additives market from printing inks applications should register significant gains at over 6.5% up to 2025. PTFE is significantly used in making high-viscosity marking & printing inks pertaining to its superior wetting & high pigment stabilization properties, surface protection and high durability. Increasing technological innovation along with rising demand for printing inks in packaging industry will stimulate the product demand in the industry.

Europe FEP fluoropolymer additives market from thermoplastic applications surpassed USD 6.5 million in 2018 pertaining to growing demand for light weight plastics in the automotive industry. These polymers offer electrical antifriction, increase fuel efficiency and has the ability to be moulded several times at high temperatures which forms a vital part in the manufacturing of automotive components. Changing consumer preferences and strict government regulations against VOC emissions should further boost the regional market growth.

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Major industry participants for fluoropolymer additives market include DuPont, Daikin, Solvay, Micropowder Inc, 3M, Gujarat Fluorochemicals and Shamrock Technologies. Prominent manufacturers are engaged in expanding production capacity to satisfy rising consumer demand and research & development initiatives to identify better active ingredients which should promote fluoropolymer additives market growth.

Fluoropolymer coatings like Teflon® or Xylan® are almost household names and due to their corrosion resistance, dry lubrication and non-stick properties have become the coatings of choice in various industries. With pervasive application of fluoropolymer, the fluoropolymer additives market is expected to amass a revenue of 1.9 billion by 2025.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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