Fluoropolymers Additives Market Share 2022

1. Fluoropolymer Additives Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2025

2. 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. In the year 2018, fluoropolymer additives industry amassed USD 1.2 billion in global revenues due to increasing demand from consumer electronics, automotive, semiconductor, and construction sectors. • These compounds are used in architectural coatings and building exteriors due to their low coefficient of friction, light-weight, high weather resistance, and melt-processable capability. The importance of fluoropolymer additives in the chemical sector is evident from the recent measure undertaken by China to impose a higher tariff rate of nearly 25% on the export of chemicals like fluoropolymer to the U.S. • Demand for lightweight plastics in construction • The rise in demand for lightweight plastics along with the growing investments made in building and construction activities has supported the development of polymer additives. The benefits of using lightweight plastics include the ability to easily transport and shift the product around the sites and is resistance to rot and corrosion, along with offering strong weather ability. • Fluoropolymer additives provide superior resistance to corrosion, UV rays, ensure low cost of maintenance, and boast high-temperature resistance making them suitable for use in harsh temperature surroundings. Growing demand for high-performance plastics and the increasing penetration in infrastructure and automobile development has driven the demand for the compounds over the years.

3. Extensive textile application of PTFE • The use of different kinds of fluoropolymers like polytetrafluoroethylene or PTFE has witnessed adoption beyond industrial application and has been used towards designing innovative products. For instance, PTFE is used as a non-stick coating for cookware like pans and others. It is nonreactive in nature, partly due to the strength of the carbon-fluorine bonds, often used in pipework and containers for corrosive and reactive chemicals. • PTFE is also used in clothes and athletic shoes as they contain pores that allow water vapor molecules to escape. PTFE application in athletic shoes is termed as Gore-Tex where the Gore-Tex membranes help in keeping the wearer’s foot and linear dry. PTFE is also used to design fashionable raincoats that are lightweight, breathable, and indestructible. • North America to emerge as a key market • North America PTFE fluoropolymer additives market share from printing inks application has witnessed tremendous gains over the years as the product is used to make high-viscosity markings and inks due to enhanced wetting and superior pigment stabilization properties, high durability and surface protection. Rising technological innovations along with the growing demand for printing inks in the packaging sector has stimulated the demand for the product in the industry.

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