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Fluoropolymer Additives Market Size, Share, Study 2025: Booming polytetrafluoroethylene demand for printing inks applications

Author : Ravi Chawat | Published Date : 2020-09-09 

Fluoropolymer additives market is characterized by a string of various applications and products combined altogether. Enlisted are some of the chief trends that are anticipated to propel fluoropolymer additives market by the end of 2025:

  • Booming polytetrafluoroethylene demand for printing inks applications

The demand for polytetrafluoroethylene (PTFE) additives has substantially increased over the past few years across the printing inks application segment. This can be attributed to the product’s extensive use in producing high viscosity printing and marking inks, considering its exceptional wetting and high pigment stabilization features, high durability, and surface protection.

Besides, an upsurge in the technological innovation has produced a positive impact on the product demand for PTFE additives across the packaging industry. Additionally, there has been an exceptional product demand across the North American region, which has prompted the North America PTFE fluoropolymer additives market from printing inks application segment to depict a CAGR of 6.5 per cent through 2025.

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  • Expanding automotive sector

As the automotive sector is gradually expanding globally, the need for lightweight plastics to suffice the current consumer interests is fueling the growth of Fluorinated Ethylene Propylene additives across the thermoplastic application segment. These polymers deliver increased fuel efficiency, electrical antifriction, and possess the ability to be molded in any form at extremely high temperatures. Apparently, this forms an integral cog in the production of automotive components.

What has fostered the growth of FEP additives is the transforming consumer preferences and stringent regulatory reforms against VOC emissions.

The automotive sector across Europe is progressively expanding on a large scale. As a matter of fact, the Europe captured a revenue share of 6.5 million across FEP fluoropolymer additives market from thermoplastic applications in 2018 and is estimated to garner hefty proceeds in the upcoming years.

Fluctuating fluoropolymer prices to impede business growth

Amid the huge growth spectrum, fluoropolymer additives market has to go through several drawbacks and pitfalls which lays a negative impact on the global industry. Here, fluctuations in material prices is creating an imbalance in the supply and demand for the product, hampering the market price.

Moreover, a surge in high performance fluoropolymers price is accounted to the increasing raw material costs and investment in R&D activities.

However, the novel strategies and initiatives, such as mergers, company expansion, product launch, etc., undertaken by numerous industry players including Daikin, DuPont, Solvay, 3M, and others, would provide a thrust to fluoropolymer additives market growth. A vital instance testifying the aforementioned statement is provided by Daikin’s investment in production site expansion.

The fluoropolymer products leader, Daikin, has announced investing USD 195 million to expand its production site in Decatur, Alabama, offering new growth opportunities and fluoropolymer expansion. Apparently, this move would enable Daikin to score an edge over its competitors in the fluoropolymer additives market.

Overall, with persistent application of fluoropolymer across various sectors, the fluoropolymer additives market is projected to accrue a revenue of 1.9 billion by 2025.     

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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