Fluoropolymer Additives Market Size, Comprehensive Analysis Reveals Superb Growth 2022-2030.
Market Summary
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.
A fluoropolymer is a fluorocarbon-based polymer with different carbon-fluorine bonds. Fluoropolymers are characterized by high protection from acid, bases, and solvents. The global Fluoropolymer Additives Market additives is currently increasing post moderate growth in the last few years. The global market is primarily driven by the increasing application in coatings owing to its excellent weatherability. Additionally, growing investments in architectural coating development, along with increasing per capita consumption are likely to add to the growth of the global fluoropolymer additives market.
Segment Analysis
Based on product, the global market has been segmented into polytetrafluoroethylene (PTFE) micro powders, fluorinated ethylene propylene (FEP) micro powders, perfluoroalkoxy (PFA) micro powders, and others. The PTFE segment accounted for more than two-third of market value and volume share in 2017 and is projected to dominate the same during the forecast period. PTFE is a key element having a long shelf life, low friction, and available at different operating temperatures.
Based on application, the global fluoropolymer additives market has been classified into printing inks, coatings, lubricants and grease, thermoplastics and elastomers, and others. The printing ink segment accounted for the largest market share owing to the increasing demand in various industries. Likewise, the demand for fluoropolymers additives in coatings and other end-use application is further propelling the growth of the segment.
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Competitive Analysis
Solvay (Belgium), Laurel Products, LLC (US), DowDuPont (US), DAIKIN INDUSTRIES, Ltd (Japan), 3M (US), Shamrock Technologies (Newark), MAFLON S.P.A. (Italy), Fluorogistx (US), Chenguang Research Institute of Chemical Industry (China), Micro Powders, Inc (US), ASAHI GLASS CO., LTD (Japan), Inolub (India), and Reprolon Texas (US) are some of the key players in the global fluoropolymer additives market
Regional Analysis
Based on the region, the global fluoropolymer additives market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific held the largest market share in 2018, followed by Europe and North America. The surge in printing ink production, coating, and increasing demand for lubricants are some of the prominent market factors driving the demand for fluoropolymer additives across the globe.
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