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Fluorinated Ethylene Propylene Market to garner significant revenues through 2025
Fluorinated Ethylene Propylene Market
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The rise in demand for pickup trucks and small passenger cars has driven the growth of the fluorinated ethylene propylene (FEP) market over the past few years. FEP granules are well-suited for manufacturing the brake line tubing used in vehicles while being widely deployed to boost coolant circulation. Consistent sales of premium SUVs worldwide are expected to drive FEP consumption over the forecast period. An increase in the purchasing power of consumers across emerging economies will boost the auto manufacturing sector.
Key reasons for fluorinated ethylene propylene market growth:
o North America: Fluorinated Ethylene Propylene industry growth is driven by rising demand from Oil & Gas Industries
o Europe: Rising usage of Fluorinated Ethylene Propylene for the manufacture of lining and parts in Automotive Industry
o Asia: Growing demand from optical fiber and electrical & electronics industries
Based on products, the granules segment contributed to nearly 120 million FEP market revenue in 2018 and is expected to lead the trail throughout the forecast period. The dispersions segment, on the other hand, is likely to register over 5% gains during the study period.
North America to continue its top status in terms of revenue:
Based on geography, North America, driven by the U.S., Canada, and Mexico, surpassed $175 million in 2018 and is anticipated to maintain the lion's share during the estimated period. Simultaneously, the European region would register over 6% gains until 2025.
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Leading market players in the fluorinated ethylene propylene market:
1. 3M
2. DowDuPont
3. Daikin Industries, Ltd.
4. Shanghai
5. F New Materials Co. Ltd.
6. Saint-Gobain
7. Merck Millipore
8. The Chemours Company
9. Juhua Group Corporation
10. AMETEK, Inc.
11. Polyfluor Plastics B.V.
12. BASF
13. ITAFLON
14. Shandong Hengyi New Material Technology
15. Inoflon Fluoropolymers
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