Fluorinated Ethylene Propylene Market Size, Share & Trends Report

Fluorinated Ethylene Propylene Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR2428
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

Global fluorinated ethylene propylene (FEP) market is expected to witness growth on account increasing application in aerospace, food processing, chemical processing and electrical & electronics industries. FEP exhibits properties such as corrosion resistance, high dielectric strength and flexibility which make it useful for application as coating films in electronic & electrical, household automotive and chemical industries.

Fluctuation in prices of petroleum feedstock and shifting paradigm towards bio-based polymers is expected to hinder the market over the forecast period. fluorinated ethylene propylene is a copolymer of hexafluoropropylene, which is manufactured by the polymerization of hexafluoropropylene and tetrafluoroethylene. Technological advancement in hydraulic fracturing has resulted in increasing production output of shale gas and tight oil, which is likely to ensure raw material access for FEP production over the next seven years.

Food & beverage industry incorporates fluorinated ethylene propylene coatings on account of the product’s ability to offer high crack stress resistance, good abrasion & chemical resistance along with superior retention property. These food-grade coatings offer numerous benefits including non-stickiness, moisture resistance, and ability to withstand over a wide range of temperatures.

Asia Pacific is expected to be a lucrative market owing to presence of robust electronic manufacturing base in Taiwan, South Korea, Japan, and China. The government of India in its 12th Five-year plan aims to increase expenditure on infrastructural development pertaining to the construction of houses, offices, roads, and rails. This plan is expected to augment the construction industry and thus likely to fuel fluorinated ethylene propylene coatings demand.

In July 2014, the New Development Bank (NDB) for BRICS countries was established at Shanghai with an aim for promoting infrastructure development, and is likely to commence its operations from 2015. This development in BRICS is expected to open new avenues for manufacturers. Upcoming Summer Olympics 2017 and implementation of PAC program in Brazil is likely to remain a favorable factor for the domestic construction market and thus likely to open new avenues in the near future.

In 2015, the Government of Brazil announced a package of infrastructure projects aimed at improving the country’s productivity through construction of railways, roads, and airports. This package for infrastructure improvement in Brazil will be commenced in 2018 and is likely to have a positive impact on the construction industry in the near future.

The lucrative construction industry in Brazil is expected to remain a favorable factor for promoting demand over the next seven years. North America is likely to be a promising fluorinated ethylene propylene market on account of the presence of robust manufacturing base of aerospace and defense industries. Rising expenditure on exploration and drilling of unconventional resources such as shale deposits in the U.S. is expected to increase the production output of petrochemicals and thus likely to ensure raw material access to manufacturers over the next seven years.

In 2015, Shell Company announced a deepwater project named, Appomattox aimed at building of largest deepwater platform in the Gulf of Mexico which is expected to enhance crude oil production in the U.S. This project is likely to open new opportunities and ensure easy access of raw material for production over the forecast period.

Growing automobile production in Germany and Hungary in light of new product launches at domestic level is expected to increase the application of the product in the near future. European automotive manufacturers such as Volkswagen, BMW, and FIAT have increasingly incorporating fluorinated coatings on account of exhibiting excellent abrasion resistance, non-wetting, and non-porous properties.

In October 2012, the government of Saudi Arabia announced the National Industrial Development Cluster Program for promoting investment in the domestic automotive sector through the establishment of vehicle manufacturing units. This regulatory move in Saudi Arabia for enhancing automobile manufacturing output at the domestic level is expected to have a positive impact on the fluorinated ethylene propylene industry over the next seven years.

Key manufacturers include Daikin Industries, DuPont, HaloPolymer OJSC, Saint-Gobain, Juhua Corporation, Dongyue Group, AGC Corporation, and Whitford. In February 2015, Saint-Gobain launched LabPure FEP bags for industrial and research applications. These bags exhibit properties such as thermal resistance, material purity, inertness, and gas permeability. In February 2015, Whitford launched new colors and spatter patterns for its wide range of nonstick interior and decorative exterior FEP coatings. The aforementioned new product launches by fluorinated ethylene propylene market players are expected to increase their market penetration in the near future.

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

BBB icon D&B icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.