U.S. fluoropolymer coating additives market in fluorinated ethylene propylene (FEP) expected to record gains of about 6.5% by 2025. These products find applications in industrial machines & equipment and automotive industries owing to their high electrical property, chemical inertness and reduction in carbon dioxide emission thereby contributing to environment protection. Rising demand for melt processable thermoplastics in several end use industries will boost the fluorinated ethylene propylene regional market growth.
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The global fluoropolymer coating additives market is expected to amass considerable revenue over 2019-2025 due to the wide-ranging application scope for fluoropolymers in different types of coatings, printing inks, lubricants etc. The importance of fluoropolymer additives in the chemical industry is clearly vivid from the fact that the Trump administration, due to the ongoing tariff war between U.S. and China, wanted to impose 25% tariff on the import of fluoropolymer from China.
PTFE is possibly one of the most widely used fluoropolymers and is expected to act as one of the major driving forces in the growth of the fluoropolymer coating additives market due to its application in automotive, construction, semiconductor and consumer electronics. It is a potent coating material that is being increasingly deployed in architectural coatings. For instance, fluoropolymer coatings have recently come to be used for cool roofing. The very low surface energy of fluoropolymer coatings has proved to be excellent for dirt pickup resistance, a crucial factor for solar reflectance.
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Such pressure from the industry experts and participants clearly underlines the prospects for the growth of fluoropolymer coating additives market, mainly due to the extensive application of the product and the far-reaching implications the shortage of supply of such a product can cause. Fluoropolymers have been used in various forms in numerous industrial and commercial applications ranging from consumer electronics to cookware and from industrial coatings to pharmaceutical processing equipment.
Maflon SpA, Daikin Industries, Shamrock Technologies, Micro Powders, 3M, and Solvay are the key market players catering in the fluoropolymer coating additives market. Manufacturers are engaged in strategic mergers & acquisitions to improve their global presence and enhance product portfolio. Companies are engaged in escalating their collaboration network to develop innovative products which is likely to stimulate fluoropolymer coating additives market growth.
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Fluoropolymer coatings like Teflon® or Xylan® are almost household names and due to their corrosion resistance, dry lubrication and non-stick properties have become the coatings of choice in various industries. With pervasive application of fluoropolymer, the fluoropolymer coating additives market is expected to amass a revenue of 1.9 billion by 2025.
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