Fluorinated Ethylene Propylene (FEP) Market to cross $ 1.2 Bn by 2025

February 24, 2024


According to the research report titled ‘Fluorinated Ethylene Propylene (FEP) Market Size By Product (Granules [By Application {Electrical & Electronics Sector, Automotive, Aerospace, Chemical Processing}], Dispersions [By Application {Chemical Processing, Cookware & Food Processing, Electrical & Electronics Sector, Adhesives, Fabrics}], Film [By Application {Chemicals & Life Science Equipment, Electrical & Electronics Sector, Hot Melt Adhesives, Composite Molding, Solar Panels}], Powder [By Application {Chemical Processing, Cookware}], Tubes [By Application {Chemical Processing, Food Processing, Automotive, Medical}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Japan, India, China, South Korea, Indonesia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global fluorinated ethylene propylene (FEP) market is expected to surpass USD 1.2 billion by the year 2025.
 

According to the report, increasing infrastructural development coupled with rapid urbanization are major factors driving the growth of fluorinated ethylene propylene market. Favorable government initiatives towards expansion of power distribution & transmission networks is fostering the demand for the product owing to its mechanical strength, superior breakdown voltage and longer lifespan. This parameter along with surging need for refurbishment of existing power infrastructure is aiding the market expansion. Moreover, growing focus towards sustainable power generation and amplifying automotive industry are stimulating the industry outlook.
 

Based on product type, the report states that the granules segment was worth USD 120 million in the year 2018 and is expected to register continuous growth in the subsequent years. Rising adoption of fluorine ethylene propylene granules for producing rods, tubes, and sheets is fueling the segmental growth. Moreover, increasing use of product for manufacturing brake line and coolant circulation tubing in pickup vehicles and premium SUVs is facilitating the business scenario. Surging commercial air travel and escalating military expenditure are contributing towards popularity of the FEP granules across the aerospace sector.
 

Based on the application spectrum, the report cites that the chemical processing application segment of powdered fluorinated ethylene propylene market is presumed to expand by 6.5% through 2025. The product offers less friction and enhanced chemical resistance as well as nonstick properties. Growing demand for construction chemical in oil & gas industry has enhanced the adoption of the product in valves, tubing, fluid handling systems, gaskets, and vessel liners. Adding to this, rising R&D investments, increasing utilization of nanotechnology, and growing demand for high quality material in automobile sector are propelling the growth of fluorinated ethylene propylene market.
 

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As per the report, North America fluorinated ethylene propylene industry from film segment is expected to exceed USD 165 million by the year 2025. Growing demand for energy, increasing awareness pertaining to sustainable sources of energy, and rising environmental concerns are prime factors augmenting the demand for the product from solar panels application, thus favoring the market outlook.

 

Inoflon Flouropolymers, Shandong Hengyi New Material Technology, ITAFLON, BASF, Polyfluor Plastics B.V., AMETEK, Inc., Juhua Group Corp., The Chemours Co., Merck Millipore, Saint-Gobain, Shanghai 3F New Materials Co. Ltd., Daikin Industries Ltd., DowDuPont, and 3M are the prominent companies operating in the fluorinated ethylene propylene market. 


Frequently Asked Questions (FAQ) :

According to the report, increasing infrastructural development coupled with rapid urbanization are major factors driving the growth of fluorinated ethylene propylene market. Favorable government initiatives towards expansion of power distribution& transmission networks is fostering the demand for the product owing to its mechanical strength, superior breakdown voltage, and longer lifespan. This parameter along with surging need for refurbishment of existing power infrastructure is aiding the market expansion. Moreover, growing focus towards sustainable power generation and amplifying automotive industry are stimulating the industry outlook.
The report states that the granules segment was worth USD 120 million in the year 2018 and is expected to register continuous growth in the subsequent years. Rising adoption of fluorine ethylene propylene granules for producing rods, tubes, and sheets is fueling the segmental growth. Moreover, increasing use of product for manufacturing brake line and coolant circulation tubing in pickup vehicles and premium SUVs is facilitating the business scenario. Surging commercial air travel and escalating military expenditure are contributing towards popularity of FEP granules across the aerospace sector.
North America fluorinated ethylene propylene industry from film segment is expected to exceed USD 165 million by the year 2025. Growing demand for energy, increasing awareness pertaining to sustainable sources of energy, and rising environmental concerns are prime factors augmenting the demand for the product from solar panels application, thus favoring the market outlook.
Inflon Flouropolymers, Shandong Hengyi New Material Technology, ITAFLON, BASF, Polyfluor Plastics B.V., AMETEK, Inc., Juhua Group Corp., The Chemours Co., Merck Milipore, Saint-Gobain, Shanghai 3F New Materials Co. Ltd., Daikin Industries Ltd., DowDuPont, and 3M are the prominent companies operating in the fluorinated ethylene propylene market.