The Fluoropolymer Additives Market
is set to grow from its current market value of more than $1.2 billion to $1.9+ billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Increasing demand for lightweight thermoplastics as substitutes for metals and increasing demand for innovative architectural coatings in infrastructure development should stimulate fluoropolymer additives market growth. These materials offer exceptional heat and chemical resistance, high tensile strength and low coefficient of friction which enhances 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 is further expected to fuel the market demand.
Polytetrafluoroethylene is utilized in several end-use industries such as automotive, consumer electronics and semiconductor industries pertaining to its superior thermal stability, low maintenance cost, corrosion and weather resistance nature. Rising demand for high-performance polymers in industrial, transport and electronics industries are likely to boost the fluoropolymer additives market demand. Additionally, the rapid expansion of the automotive industry and increasing demand for lightweight automotive materials will further boost the market growth.
PTFE fluoropolymer additives market size for printing inks application may expect consumption at above 70 kilotons by 2025. These fluoropolymers enhance the adhesion and rub performance when added to the ink. These products provide superior surface protection, wetting and high pigment stabilization properties. Increasing technological innovations and growing demand for printing inks in several industries will further stimulate the market.
Fluoropolymers Additives Market
U.S. fluorinated ethylene propylene (FEP) fluoropolymer additives market demand should record gains of about 6.5 percent by 2025. These products find applications in industrial machines and equipment and automotive industries owing to their high electrical property, chemical inertness and reduction in carbon dioxide emission thereby contributing to environmental protection. Rising demand for melt processable thermoplastics in several end-user industries will boost the fluorinated ethylene propylene regional market growth.
UK PTFE based fluoropolymer additives market from lubricant and grease applications was valued at over USD $2.5 million in 2018. These products provide improved performance of lubricants, maximized surface areas and low co-efficiency of friction of synthetic solids. Rising automotive production and rising manufacturers inclination towards setting up blending plants along with research and development centers across Eastern European countries may enhance lubricants demand further optimize the market growth.
China PFA based fluoropolymers additives market from coatings application may expect gains at above 5.5 percent pertaining to its exceptional corrosion resistance and abrasion resistance. PFA coatings offer chemical resistance and effective non-stick properties. These products have high impact resistance at elevated temperatures thereby ensuring long durability of end products. Rising infrastructural investments and booming building and construction industry should accelerate the industry growth.