In 2018, the global fluoropolymer additives market was USD 1,354.2 million and is expected to grow at the CAGR of 5.4% during the forecasted period 2019-2026.
Polymer additives are used to modify the surface properties of a plastic or elastomer. Additives are used to incorporate the specific properties to the final products. The global fluoropolymer additives market is majorly driven by increasing demand for the fluoropolymer additives from various sectors, rising demand for the coating products, increasing demand for the automotives. Increasing demand for coatings application owing to its excellent weather ability have driven the fluoropolymer additives market size. Increasing investments in construction sector along with development in urbanization is likely to industry growth increasing the demand for fluoropolymers additives market; driving the market growth.
Many companies are trying to introduce the advanced products by using different technology have supported the market growth. On the other hand, fluctuations in the prices creates a imbalance between demand & Supply of the products and is among the restraining factor for the growth of the fluoropolymers price additives market.
The global fluoropolymer additives market is segmented by products, application and region. On the basis of products, the global fluoropolymer additives market has been bifurcated into Polytetrafluoroethylene Micropowders, Fluorinated Ethylene Propylene Micropowders, and Perfluoroalkoxy Micropowders. Perfluoroalkoxy (PFA) fluoropolymer additives has a wide array of application including thermoplastics & elastomers. They are capable of being melted and reshaped multiple times making them ideal for automotive, aerospace and other machinery & equipment. Continuously increasing demand for the automotives and various military equipments have elevated the demand for the products. Polytetrafluoroethylene (PTFE) fluoropolymer additives market from coatings application is driving due to the increasing investments in infrastructure development, and ability to enhance the exterior coatings lifespan. Various advantages like high temperature resistance, non-reactivity towards several solvents & acids, and low maintenance cost makes it an ideal product for various application thereby driving the market for the products.
On the basis of application, the global fluoropolymer additives market has been segmented into printing inks, coatings, lubricants & grease, thermoplastics & elastomers. Lubricants & grease segment is expecting a healthy growth during the forecasted period.
Geographically, the global fluoropolymer additives market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and Middle East & Africa North America is expected to hold the major share during the forecast period due to the presence of high technologies, advanced industries, lack of time management to the infrastructure. Availability of huge funds and companies in this region has simultaneously increased the fluoropolymer additives market. Huge demand in this region, high spending of the people and well developed infrastructure will support the growth of the market. Europe is expected to have a significant growth increasing consumption from various industrial as well as residential sectors. Well developed construction sector coupled will increasing demand from the various countries like Germany and France have supported the market growth. Asia Pacific is expected be the fastest growing region during the forecast period. The growth is majorly attributes due to the rapid urbanization especially in the developing countries such as China, India, and Indonesia. Continually improving in infrastructure and increasing spending of the people have boosted the growth of the market. LAMEA is expected to experience a considerable growth owing to the flourishing tourism based industries. Moreover, major players have invested in large scale construction project which thereby propel the growth of the fluoropolymer additives market in this region. Middle east holds the major share in LAMEA region due to well developed construction industry. Some of the major players analyzed and profiles in this market include 3M, Dakin Industries, Daikin Industries, Asahi Glass, Solvay, Micro Powders, Maflon SpA, BASF SE, DowDuPont, and Shamrock Technologies
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