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Various trends are also shaping the landscape of the Fluoropolymer Additives Market and driving growth across various industries. They play a crucial role in improving properties such as chemical resistance and thermal stability of fluoropolymers which are known for having exceptional properties in these areas . Notably, there has been increasing demand for high-performance materials in automotive applications and aerospace sectors. As they pursue lighter materials with higher durability to enhance fuel efficiency among other things, fluoro polymer additives have become an integral part of advanced composites and coatings development.
Again advancing knowledge about fluoropolymers is leading to more environmentally friendly types of them being developed due to stricter regulations towards eco-friendly additives . Producers have now become more focused on developing sustainable low-impact additive. These developments reflect today’s global move towards a greener and more sustainable business climate. In addition, the Fluoropolymer Additives Market is experiencing such kind of updated products that increase performance and at the same time conform to environmental sustainability principles.
Also in this area, there is a gradual rise in the application of electronics industry’s demand for fluoropolymer additives. The reason being that these polymers have found increasing importance due to miniaturization and high-performance electronic devices. They possess unique qualities like low surface tension, excellent dielectric properties and thermally stable hence they are ideal for electronics. This has resulted to an increased demand for fluoropolymer additives in consumer electronics industry as there has been growth of smart devices.
Moreover, healthcare is rapidly becoming one of the largest consumers of fluoropolymer additives. These are extensively used in medical devices primarily because they are biocompatible as well as chemically resistant and highly performing. As such, expansion of global healthcare sector will create enormous potential for manufacturers who deal with medical device production, diagnostic equipment manufacturing and pharmaceutical packaging materials.
Fluoropolymer Additives Market Highlights:
Global Fluoropolymer Additives Market Overview
The demand for fluoropolymers additives stood at over USD 963 million in 2018, and the market is expected to register a CAGR of over 5.4% during the forecast period.
Regional Analysis
Asia-Pacific held the largest share of the global fluoropolymers additives market in 2018 as a result of industrialization in developing economies such as China, India, and South-East Asian countries. Surge in polymer & coating production in the region, increasing industrial activities, and growing number of coating manufacturers in the region is expected to drive the demand for fluoropolymer additives during the forecast period.
North America is another prominent market for fluoropolymer additives. The growth of printing ink and coatings industries coupled with the significant presence of fluoropolymer additives producers in the region is expected to propel the regional market growth during the forecast period. Also, the thermoplastic segment in the region is expected to drive the demand for fluoropolymer additives, as the region is a hub for many tier-1 chemical and polymer producers in the world.
The European regional market accounted for moderate market share in terms of volume and is expected to witness moderate growth during the forecast period. The demand for coatings and printing inks in the region is expected to drive the demand for fluoropolymer additives in the region. Likewise, the growing demand for grease in the region is expected to further propel the market for fluoropolymer additives.
The Latin American and the Middle East & Africa markets are expected to grow substantially with the surge in demand for coatings & printing inks in the end-use industries in the regions.
Key Players
- DowDuPont (US)
- Solvay S.a. (Belgium)
- DAIKIN INDUSTRIES Ltd (Japan)
- Laurel Products
- LLC (US)
- 3M (US)
- Reprolon Texas (US)
- Shamrock Technologies (Newark)
- MAFLON S.P.A. (Italy)
- Fluorogistx (US)
- Chenguang Research Institute of Chemical Industry (China)
- Micro Powders Inc (US)
- Inolub (India)
- ASAHI GLASS CO. LTD (Japan)
Market OverviewFluoropolymer is a fluorocarbon-based polymer having multiple carbon-fluoride bonds. Fluoropolymer additives are extensively used in polymer processing for film blowing, injection molding, and extrusion. Additionally, fluoropolymer additives are used as an additive in coatings, lubricants, and inks. The properties of fluoropolymer additives increase their demand as they reduce the optical defects and simultaneously increase the production output.
The growing demand for lightweight thermoplastic materials as a substitute for metals as well as the demand for structural coatings in the construction industry are factors expected to fuel the growth of the global fluoropolymer additives market. Fluoropolymer additives offer significant properties such as chemical and heat resistance, low coefficient of friction, and high tensile strength enhance the presentation of end-use applications, such as coatings, coaxial cables, and insulation wires. The increasing investments in the building & construction industry and growing adoption of plastic in the automotive industry are also expected to boost market growth.
Although the market is growing at a moderate rate in the present scenario, the increasing demand for fluoropolymer additives in the coating industry is expected to fuel the growth of the global fluoropolymer additives market at a significant rate during the forecast period. The fluoropolymers additives used in printing inks are high in demand across the globe. Likewise, the growing need for and applications of fluoropolymer additives in the coatings and thermoplastic industries are expected to drive the demand for the product and propel the growth of the global fluoropolymer additives market.
However, less demand for elastomers in developed economies is expected to hamper the growth of the global fluoropolymer films market during the review period.
Global Fluoropolymer Additives Market Share, by Application, 2018 (%) 
Source: MRFR Analysis
Segmentation
The global fluoropolymer additives market has been segmented based on product, application, and region. On the basis of product, the global fluoropolymer additives market has been categorized into polytetrafluoroethylene (PTFE) micropowders, fluorinated ethylene propylene (FEP) micropowders, perfluoroalkoxy (PFA) micropowders, and others.
Based on application, the global fluoropolymer additives market has been classified into printing inks, coatings, lubricants and grease, thermoplastics and elastomers, and others
Based on region, the global market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Intended Audience
- Fluoropolymer additives producers
- Traders and distributors of Fluoropolymer Additives
- Potential investors
- Raw material suppliers
- Fluoropolymer additives recyclers
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