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Fluoropolymer additives market to hit $1.9 Bn by 2025 | DuPont, Daikin, Solvay, Fluorogistx, Reprolon, Texas, Maflon SpA, 3M

Fluoropolymer Additives Market

Fluoropolymer Additives Market

In the year 2018, fluoropolymer additives market amassed USD 1.2 billion in global revenues due to increasing demand from consumer electronics, automotive, semiconductor, and construction sectors. The fluoropolymer additives market has experienced substantial growth over the years owing to a wide application scope of the product in different types of coatings, lubricants, printing inks, and others.

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Owing to the capability of sustaining corrosive elements and high temperatures, the product will also find great demand from the automotive industry. Growing mandates to improve fuel efficiency by lowering vehicle weight should foster the product penetration owing to its high stiffness compared to lower weight. Moreover, the chemical properties of fluoropolymer allow its utilizations across several end use applications in the form of coatings for varied surfaces and insulation for wires & coaxial cables, which should provide an impetus to the fluoropolymers additives market growth.

Ever-increasing investments in building & construction industry are expected to accelerate the fluoropolymer additives market trends. Notable rise in the global per capita income along with rising housing demand pertaining to urbanization will support the industry expansion. The product is very likely to witness substantial demand from coatings industry owing to growing inclinations toward safeguarding architectural structures from environmental weathering. According to research report by Global Market Insights, Inc., Fluoropolymers Additives Market size is projected to exceed USD 1.9 billion by 2025.

What has been driving the fluoropolymer additives market across the construction and building activities is the surging demand for light weight plastics and growing investments in the construction sector. These additives deliver high resistance to chemicals, corrosion, UV rays, along with providing robust temperature resistance and low maintenance cost, making them suitable to be used in adverse climatic conditions. Furthermore, burgeoning demand for high performance plastics and ongoing automotive and infrastructural developments across the globe would provide an impetus to the market growth over the forecast period. Moreover, fluoropolymers have found abundant use in architectural coatings and building exteriors given their exceptional weather resistance, low friction coefficient, and light weight parameters.

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From the printing inks application alone, PTFE fluoropolymers additives market may witness significant consumption above 70 kilo tons by 2025. These products exhibit enhanced adhesion and rub performance which makes them an important constituent of ink. In addition to this the product also provides superior surface protection against wetting and pigmentation pertaining to its high pigment stabilization properties.

Growing proliferation of print media such as newspapers and magazines will escalate demand for printing inks signaling the segmental growth. North America PTFE fluoropolymer additives market from printing inks applications is presumed to grow over 6.5% by 2025.

Major key players in the fluoropolymer additives market are DuPont, Daikin Industries, Ltd., Solvay, Shamrock Technologies, Fluorogistx, Micro Powders, Inc., Gujarat Fluorochemicals, Asahi Glass Co. Ltd., Chenguang Research Institute of Chemical Industry, Reprolon, Texas, Maflon SpA, 3M, KITAMURA LIMITED, Laurel Products, LLC

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https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html

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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

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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