April 01, 2020
According to the research titled ‘Fluoropolymer Additives Market Size By Product (Polytetrafluoroethylene Micropowders, Fluorinated Ethylene Propylene Micropowders, Perfluoroalkoxy Micropowders), By Application (Printing Inks, Coatings, Lubricants & Grease, Thermoplastics & Elastomers), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Thailand, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global fluoropolymer additives market is expected to surpass USD 1.9 billion by the year 2025.
As per the report, fluoropolymer additives market crossed USD 1.2 billion in the year 2018 and will witness consistent growth during the forecast period. The growth is attributed to rising demand for lightweight plastic material coupled with surging investments towards infrastructural development. Fluoropolymer additives offer superior resistance to UV rays, chemicals, temperature, and corrosion as well as incur less maintenance cost.
These products are used in building exteriors and architectural coatings due to their melt-processability, lightweight, weather resistance, and low coefficient of friction. This factor along with increasing demand for high-performance plastics in tandem with growing automotive and construction industries are aiding the fluoropolymer additives market expansion.
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The report states that PTFE fluoropolymer additives market share from printing application in North America is expected to grow with a CAGR of 6.5% during 2019-2025. The product is extensively used for producing high-viscosity marking & printing inks due to its high wetting and pigment stabilization, durability and surface protection capabilities. Technological advancements in tandem with growing demand for printing inks from packaging industry are stimulating the industry outlook.
The report further cites that fluorinated ethylene propylene (FEP) micropowders market revenue from thermoplastic application in Europe exceeded USD 6.5 million in 2018. These polymers can be molded numerous times at high temperatures. They provide high fuel efficiency and electrical antifriction properties when used in automobile. Strict government policies regarding VOC emissions are facilitating the business scenario in Europe.
The prominent companies prevailing in fluoropolymer additives market are Laurel Products LLC, KITAMURA Ltd., 3M, Maflon S.p.A., Reprolon Texas, Chenguang Research Institute of Chemical Industry, Asahi Glass Co. Ltd., Gujarat Fluorochemicals, Micro Powders Inc., Fluorogistx, Shamrock Technologies, Solvay, Daikin Industries Ltd., and DuPont.
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