Fluorinated Ethylene Propylene Market is segmented by Product Type (Granules, Films, Powder, Tubes, Coatings, and Others), by Application Type (Electrical & Electronics, Automotive & Transportation, Chemical Processing, Cookware & Food Processing, Industrial and Mechanical Equipment, Medical, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).

What is a Fluorinated Ethylene Propylene Market?

Fluorinated ethylene propylene (FEP) is an inert, transparent, semi-crystalline chemical compound composed of hexafluoropropylene and tetrafluoroethylene linked together to form a copolymer. FEP is a widely used corrosion prevention coating for metallic surfaces due to its non-reactivity and low friction. FEP is ideal for applications requiring high chemical resistance, long-term durability over a wide temperature range, excellent dielectric properties, and a low coefficient of friction. In terms of chemical inertness, dielectric properties, coefficient of friction, and high-heat resistance, FEP is very similar to polytetrafluoroethylene (PTFE).

Market Dynamics

The outbreak of the pandemic shook every industry, including aerospace & defense, food & beverages, automobile & transportation, chemical & material, consumer goods, energy & power, pharmaceutical & healthcare, and many others. As a result, industries across regions experienced a decline in 2019-2020. The overall market for FEP has been impacted by COVID-19 and the growth rate has also been affected in the year 2020.

However, the fluorinated ethylene propylene market is estimated to grow at a decent CAGR of 8.0% during the forecast period. 

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Fluorinated Ethylene Propylene Market analysis report discusses the following heads in details:

·       Market structure: Overview, industry life cycle analysis, supply chain analysis.

·       COVID-19 Impact Assessment.

·       Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

·       Market trend and forecast analysis.

·       Market segment trend and forecast.

·       Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·       Attractive market segments and associated growth opportunities.

·       Emerging trends.

·       Strategic growth opportunities for the existing and new players

·       Key success factors.

Regional Analysis

In terms of regions, North America is expected to be the fastest-growing region in the market for fluorinated ethylene propylene over the forecast period. The market in the North American region will be driven by soaring natural gas demand, investments in the healthcare industry, where FEP has a unique application, and the growing auto industry. Also, Asia-Pacific, led by India, Japan, and China, will clock substantial gains due to surge in the demand for high-speed transmission cables from the thriving 5G services sector. Due to the product's insulating and flame-resistant qualities, it is frequently used to coat wires and cables for insulation and to shield the remaining structure from electric current. The fluorinated ethylene propylene market growth is likely to be accelerated by significant economic growth, government investment, evolving telecom industry, and expanding smart city initiatives.

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