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What's Driving The Fluorinated Ethylene Propylene Market Size? | 3M, DowDupont, Daikin North America, Saint-Gobain, Merck Millipore, The Chemours Company, AMETEK, BASF
Fluorinated Ethylene Propylene Market
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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.
The global consumption volume of fluoropolymers is growing tremendously which would, as per reliable estimates, result in fluorinated ethylene propylene market surpass a renumeration figure of USD 1.2 billion by the year 2025.
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
The worldwide growth of fluorinated ethylene propylene market can primarily be accredited to the food packaging sector. The high molecular weight of fluoropolymers prevents it from migrating into the food which makes it apt for food packaging. Some plastics get migrated to food while food processing but fluoropolymers, especially FEP, can endure high temperature which ranks it up among several packaging materials.
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The United States Food and Drug Administration (USFDA) has also approved fluoropolymers to be used in food packaging provided they meet the extractable limits specified in the regulation. Various tests have also shown that FEP is apt for food packaging as it doesn’t adulterate food. These regulatory approvals encourage industry leaders to use the product more, fueling the revenue share of fluorinated ethylene propylene market.
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.
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.
Global fluorinated ethylene propylene market share is significantly competitive and includes various market participants such as Daikin Industries, DowDuPont, Saint-Gobain, 3M and Merck Millipore. Various manufacturers are launching new products to expand their product portfolio and attract new customers, which should boost market growth.
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
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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