Fluorinated Ethylene Propylene Market: Current Business Trends & Growth Opportunities 2019-2025 | Key players 3M, DowDupont, Daikin North America, Saint-Gobain, Merck Millipore, The Chemours Company, AMETEK, BASF

The global fluorinated ethylene propylene market is slated to experience immense growth prospects in the coming years owing to the product’s extensive use across the automotive, electronics, food & beverage, and medical industries. In the automotive sector, FEPs are widely used in compact and small-sized cars, in the tubing, bellows, and pressure hoses. The increasing shift among car buyers from sedans to more compact cars, especially in emerging economies will thus propel the growth of FEP industry.

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Rising demand for high-value compact & small-sized cars and SUVs owing to a growing middle class and rising disposable incomes should stimulate fluorinated ethylene propylene market size. This product finds widespread usage in tubing, pressure hoses and bellows it is well-suited for processing at low & high temperatures which makes it resistant to fire & explosion. Rapid development of road infrastructure along with launch of low-cost car models and urbanization are likely to boost passenger car market growth, further stimulating FEP market demand.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3M
2. DowDupont
3. Daikin North America
4. Shanghai 3f New Materials Company Limited
5. Saint-Gobain
6. Merck Millipore
7. The Chemours Company
8. Juhua Group Corporation
9. AMETEK
10. Polyfluor Plastics bv
11. BASF
12. ITAFLON SRL
13. Shandong Hengyi New Material Technology Co.,ltd
14. Inoflon Fluoropolymers

For instance, Hyundai, relaunched its most loved hatchback Santro to appeal to Tier 1 and 2 cities where per capita vehicle ownership is still significantly small. Therefore, increasing demand for small vehicles from emerging and low-to-middle income nations will boost the global fluorinated ethylene propylene market outlook.

Growing product demand for automotive ball bearings, paints, and adhesives, and sealants from the construction sector will also help the global fluorinated ethylene propylene market gain traction in the coming years. Latest data from The Bureau of Labor Statistics and Timetric’s Construction Intelligence Center, estimates the construction industry to grow at a modest rate over the next several years. Industry professionals further predict one of the largest increase in real output for the construction space, with the business hitting the trillion-dollar remuneration space by 2020. This would remarkably surge the need for adhesives and sealants, driving fluorinated ethylene propylene market share.

Construction of residential housing will witness growth in the years to come owing to the rising population in the United States. Government spending to support homeownership, housing developments and a sustainable community in a bid to provide access to affordable housing will further increase the demand for construction projects. The development in the construction industry will massively boost the demand for paints, adhesives, and sealants, which will eventually drive the fluorinated ethylene propylene market in the coming years.

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Fluorinated ethylene propylene tubes market size from chemical processing applications should register over 6% gains by the end of the predicted period. It provides high tensile strength, low temperature resistance and low coefficient of friction which makes it ideal for chemical processing applications. Significant expansion of chemical & petrochemical industry, investment in oil & gas exploration and growth of automotive sector in China, South Korea and India should further stimulate fluorinated ethylene propylene market growth.

Global FEP powder market size should surpass 9 kilo tons by 2025. These high performance powders provide high melt fluidity, provide a smooth & chemical resistant finish to the end use product making it suitable for cookware and other applications. Growing product demand for automotive ball bearings, and paints, adhesives and sealants in construction industry should further accelerate fluorinated ethylene propylene market growth.

These materials are also commonly used in solar panel applications. Fluorinated ethylene propylene films serve as the perfect protective front sheet for solar panels due to their smooth, flexible and light-weight features. The material also makes sheets stronger, thereby improving the durability and life span of solar panels, while enhancing its looks as compared to traditional glass. The adoption of these glasses will be fueled by growing energy consumption and issues concerning energy-efficiency.

Increasing efforts to generate energy from renewable sources, stringent government regulations and the benefits pertaining to efficient energy use and affordability of solar panels will further propel the solar power industry. Recently, in an effort to become America’s leading rooftop solar company, automotive and energy giant Tesla, slashed prices of solar panels. Such moves will accelerate the adoption of solar energy, which will boost the demand for FEP films, thereby driving the global fluorinated ethylene propylene market growth over 2019-2025.

Browse key industry insights spread across 290 pages with 428 market data tables & 24 figures & charts from the report, “Fluorinated Ethylene Propylene Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fluorinated-ethylene-propylene-fep-market

Fluorinated ethylene propylene will continue to attract huge demand from numerous industries owing to its vast benefits. According to Global Market Insights, Inc., the fluorinated ethylene propylene market valuation is anticipated to reach $1.2 billion by 2025.

Daikin Industries, AGC, Saint-Gobain, 3M Company, and DowDupont are the key industrial participants catering to the overall f fluorinated ethylene propylene market. Various manufacturers are launching new products with specific functionality which ensures substantial market penetration.

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