Market Overview:
A fluoropolymer is a
fluorocarbon-based polymer with different carbon-fluorine bonds. Fluoropolymers
are characterized by high protection from acid, bases, and solvents. The global
demand for fluoropolymer additives is currently increasing post moderate growth
in the last few years. The global market is primarily driven by the increasing
application in coatings owing to its excellent weatherability. Additionally,
growing investments in architectural coating development, along with increasing
per capita consumption are likely to add to the growth of the global
fluoropolymer additives market.
Segment Analysis:
Based on product, the global
market has been segmented into polytetrafluoroethylene (PTFE) micro powders,
fluorinated ethylene propylene (FEP) micro powders, perfluoroalkoxy (PFA) micro
powders, and others. The PTFE segment accounted for more than two-third of
market value and volume share in 2017 and is projected to dominate the same
during the forecast period. PTFE is a key element having a long shelf life, low
friction, and available at different operating temperatures.
Based on application, the global
fluoropolymer additives market has been classified into printing inks,
coatings, lubricants and grease, thermoplastics and elastomers, and others. The
printing ink segment accounted for the largest market share owing to the
increasing demand in various industries. Likewise, the demand for
fluoropolymers additives in coatings and other end-use application is further
propelling the growth of the segment.
Competitive Analysis
·
Solvay
·
Laurel Products, LLC
·
DowDuPont
·
DAIKIN INDUSTRIES, Ltd
·
3M
·
Shamrock Technologies
·
MAFLON S.P.A.
·
Fluorogistx
·
Chenguang Research Institute of Chemical
Industry
·
Micro Powders, Inc
·
ASAHI GLASS CO., LTD
·
Inolub
·
Reprolon Texas
Regional Analysis
Based on the region, the global
fluoropolymer additives market has been segregated into North America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific
held the largest market share in 2018, followed by Europe and North America.
The surge in printing ink production, coating, and increasing demand for
lubricants are some of the prominent market factors driving the demand for
fluoropolymer additives across the globe.
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