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Global fluorinated ethylene propylene (FEP) market is poised for robust growth on account of widespread applications across several industry verticals. In the electrical industry, fluorinated ethylene propylene wires are used across power transmission & distribution networks due to its longer life, superior mechanical strength, and greater breakdown voltage.
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Fluorinated Ethylene Propylene (FEP) Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2025
Global fluorinated ethylene propylene (FEP) market is poised for robust growth on account of widespread applications across several industry verticals. In the electrical industry, fluorinated ethylene propylene wires are used across power transmission & distribution networks due to its longer life, superior mechanical strength, and greater breakdown voltage. • Rapid urbanization trends have led to the development of new building infrastructures that demand superior quality electric cables for efficient power transmission. This could significantly drive new strides in global fluorinated ethylene propylene market over the forecast period. • Upgradation of existing power infrastructure, burgeoning automotive production, and a rise in renewable power generation may further enhance FEP industry expansion in the electrical & electronics application. Meanwhile, a study conducted by Global Market Insights, Inc., predicts that the fluorinated ethylene propylene (FEP) market could surpass USD 1.2 billion by 2025. • Based on product type, the FEP granules market share is anticipated to expand in the automotive sector. In 2018, the FEP granules segment was valued at USD 120 million on account of its widespread application in manufacturing tubes, sheets, and rods. • The product is widely used in premium SUVs and pickup vehicles to manufacture coolant circulation and brake line tubing. Moreover, surging demand for passenger air travel and the rise in military expenditure have accelerated the use of FEP for manufacturing guide bushes, high-performance hoses, and seats in the aerospace sector.
Meanwhile, in the chemical application, the FEP powder market is anticipated to record a 6.5% growth rate by the year 2025. The product is extensively used in the chemical sector due to its desirable chemical resistance, low coefficient of friction, and nonstick properties. Construction materials such as coatings, cement and sealants require FEP powder. Moreover, in the oil & gas industry, the product finds extensive applications in vessel liners, gaskets, and fluid handling systems, valves, and tubing. • Citing regional outlook, the North America FEP film market is anticipated to surpass USD 165 million by the year 2025. The renewable energy sector of North America is expected to offer lucrative growth opportunities to FEP film market. Increasing efforts to generate clean energy from renewable sources and burgeoning environmental concerns have boosted the solar power industry of North America. • This trend could accelerate the demand for FEP films in solar cells that enable features like weathering performance, UV resistance, low weight, and longer life. Moreover, increasing government initiatives to reduce carbon emissions, burgeoning demand for self-sufficiency, and subsidies for photovoltaic installations may stimulate the solar industry, thereby driving North America FEP films industry forecast. • Currently, 3M, Saint-Gobain, DowDuPont and Daikin Industries at the forefront of fluorinated ethylene propylene industry. Companies operating in this sector are rolling out new products to expand their product portfolio and attract new customers.
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Latest Research Report Fluorinated Ethylene Propylene (FEP) Market @ https://www.gminsights.com/industry-analysis/fluorinated-ethylene-propylene-fep-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3263 Request for customization @ https://www.gminsights.com/roc/3263
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