LOS ANGELES, May 09, 2019 (GLOBE NEWSWIRE) -- The Global Fluoropolymers Additives Market is estimated to grow at CAGR above 5.4 % over the forecast time frame 2019-2026 and reach the market value around USD 2 billion by 2026.
The increase in demand for lightweight thermoplastics as metal substitutes should stimulate the market growth of additives from fluoropolymers and increased demand for innovative architectural coating in the development of infrastructure. These materials have an outstanding heat & chemical resistance, high tensile strength and low friction coefficient that enhances end-use performance applications, such as coatings, isolation wires and coaxial cables. Increasing investments in construction and the increase in demand for lightweight automotive plastics are expected to further stimulate market demand.
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Polytetrafluoroethylene is used in various end-use industries, like automotive, commercial and semiconductor industries, which have a higher thermal stability, low maintenance costs, corrosion and weather resistance. An increased demand for highly performing polymers is likely to boost market demand for fluoropolymers in the industrial, transport and electronic industries. Moreover, rapid automotive expansion and increasing demand for lightweight automotive materials will further increase market growth.
For market size ink printing additives, PTFE fluoropolymers are expected to consume at over 70 kilos by 2026. These fluoropolymers improve the adhesion and rubbing efficiency of the ink. These products provide superior surface protection, humidity and pigment stability. More technological innovation and increased demand for tin from various industries will further boost the market.
In order to achieve superior thermal stabilization, polytetrafluoroethylene is used in a variety of industrial applications such as the car, consumer and semiconductive industries. In the industrial, transport and electronic industry, increased demand for high-performance polymers is likely to boost market demand for fluoropolymers. Moreover, rapid expansion of the automotive sector and increased demand for lightweight vehicles will boost market growth further.
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Regional Snapshots
In terms of exceptional resistance to corrosion and abrasion, the China PFA coating market for fluoropolymers should increase over 5.4 %. PFA coats provide chemical resistance and effective non-adhesive properties. These products have high impact resistance, which ensures long term end products at high temperatures. The industry's growth should speed up increased investment in infrastructure and the booming building and construction sector.
US demand for fluorinated ethylene propylene (FEPs) additives is expected to grow by about 6.5% by 2026. These products are used in industrial machinery and automotive industries because of their high electricity, their chemical inertness and reductions in emissions of carbon dioxide. Increasing demand for processed melting plastics will increase regional growth of fluorinated ethylene propylene in multiple end-use industries.
Europe's demand for fluoropolymer additives in Germany, Great Britain, France and Italy can predict growth of nearly 5.4 percent over the predicted timeframe. Increasing demands in the automotive industry for light thermoplastics for superior properties, such as electric anti-friction and climate stability, will boost regional market growth. The replacement of metal components with thermoplastics significantly improves efficiency and reduces fuel costs. The demand for the industry's fluoropolymer additives should be stepping up due to environmental concern about carbon emissions and increased thermoplastic consumer awareness.
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Competitive Stance
A variety of market players such as Solvay, 3M, Micro Powders, Dakin Industries, Asahi Glass, Maflon SpA and Shamrock Technologies are consolidating their global fluoropolymer additives market share. Manufacturers focus on new innovative products for the purpose of expanding their line of products and involving new customers. In addition, most industry participants expand their regional reach and concentrate on acquisitions to increase their strategic business line.
Fluoropolymer additives are used in most of its superior properties, including lubricants & greases, coatings, inks and thermoplastics. Most fluoroadditive powders are primarily intended for use with other liquid or solid materials in mixture components. They are intended to improve the resistance to corrosion, abrasion, reduce surface pollution, adjust appearances and reduce frictional coefficient and mechanical wear.
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