Fluorinated Ethylene Propylene (FEP) Market worth $1.2 bn by 2025

Fluorinated Ethylene Propylene (FEP) Market Size worth $1.2 billion by 2025; According to a new research report by Global Market Insights Inc., the fluorinated ethylene propylene (FEP) market is set to surpass USD 1.2 billion by 2025, growing at a CAGR of 8.3% through the forecast period.
 

Growing product adoption in non-stick cookware sector and significant demand of optical fibers for upgradation of network infrastructure should accelerate the fluorinated ethylene propylene (FEP) market. This product offers high chemical inertness which makes it a suitable choice for jacketing optical fibers to protect them from scratches which could threaten optical integrity. Rising government investment in telecom sector, growing smart city projects and substantial economic growth are likely to accelerate the market growth.
 

Global granules segment witnessed a consumption of over 9.5 kilo tons in 2018 pertaining to growing demand for spray painting, electrical cables & wires and valve lining. These materials offer various benefits such as superior chemical resistance, enhanced clarity, low smoke emission and high dielectric strength. Rising product demand from aerospace, chemical processing, automotive and architecture sectors should fuel the fluorinated ethylene propylene market growth.
 

Food processing applications segment is estimated to surpass USD 35 million by 2025 pertaining to booming online retail sector, changing lifestyles and urbanization. These high-strength tubing products offer excellent temperature & chemical resistance, reduce moisture absorption and resistance to chemical attacks.
 

Rising customer preference for hygienic, safe and nutritious food owing to rising incomes & technological innovation should boost product demand. Growing food safety concerns, increasing awareness of sustainability and rising food insecurity should promote fluorinated ethylene propylene market.
 

Browse key industry insights spread across 330 pages with 428 market data tables and 24 figures & charts from the report,  “Fluorinated Ethylene Propylene (FEP) Market Size By Product (Granules [By Application {Electrical & Electronics Sector, Automotive, Aerospace, Chemical Processing}], Dispersions [By Application {Chemical Processing, Cookware & Food Processing, Electrical & Electronics Sector, Adhesives, Fabrics}], Film [By Application {Chemicals & Life Science Equipment, Electrical & Electronics Sector, Hot Melt Adhesives, Composite Molding, Solar Panels}], Powder [By Application {Chemical Processing, Cookware}], Tubes [By Application {Chemical Processing, Food Processing, Automotive, Medical}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Japan, India, China, South Korea, Indonesia, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/fluorinated-ethylene-propylene-fep-market
 

U.S. should surpass USD 45 million by 2025 owing to growing consumer demand for fuel-efficient and high-quality automobiles. This product finds routine usage for automotive spray painting, wire harnessing, fiber optics and fluid delivery owing to its high performance and resistance to aggressive chemicals. Rising government initiatives to boost investment and innovation in the automotive sector is predicted to boost the fluorinated ethylene propylene market value.
 

UK FEP powder demand with regards to chemical processing applications should register over 6% CAGR through 2025 owing to booming polymers, specialty and consumer chemical industries. It provides superior electrical properties & UV resistance which makes it ideal for fluid handling in chemical processing equipment, pump housings and linings. Significant economic growth, rising investment and the availability of qualified workforce are likely to further stimulate the fluorinated ethylene propylene market.
 

India FEP films industry with respect to electrical & electronics sector should surpass USD 15 million by 2025 on account of significant innovation in consumer electronics, wearable electronics and semiconductor industries. These films offer high insulation, resistance to various solvents & temperature and superior dielectric strength which makes them suitable for various electronic products such as OLED lighting and microdisplays. Increasing adoption of Internet of Things (IoT) and virtual reality in the electronics sector is likely to further stimulate fluorinated ethylene propylene (FEP) market growth.
 

The Chemours Company, BASF, AMETEK, Inoflon Fluoropolymers, Saint-Gobain, Juhua Group, and Daikin Industries are the major industry participants. Various manufacturers are engaged in acquiring other companies to satisfy rising demand & achieve competitive advantage and expanding production capacity to ensure reliable supply.