Fluoropolymer Additives Market Predicted to Hit US$ 2.1 Billion by 2028

abhinandanku 12 Dec 2023

The global fluoropolymer additives market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Fluoropolymer Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fluoropolymer additives market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Fluoropolymer Additives Market

Fluoropolymer additives are polymers characterized by a carbon backbone that forms robust carbon-fluoride bonds owing to the presence of fluorine. These materials have widespread usage in various industrial sectors as additives that enhance performance by modifying coating formulations, improving anti-foaming properties, and enhancing wetting and dispersing characteristics. Fluoropolymer additives excel in high-temperature and highly corrosive environments on account of their impressive tensile strength and exceptional resistance to heat, wear, and chemicals. They are even employed in polymers, plastics, and rubbers to facilitate processes such as film blowing, injection molding, and extrusion while also reducing friction and wear. Fluoropolymer additives are known for their exceptional durability, superior surface protection, and beneficial properties in terms of defoaming, wetting, and stabilizing pigments. As a result, they find extensive application in paints and coatings, printing inks, lubricants, thermoplastics, and elastomer industries across the globe.

How Big Is the Fluoropolymer Additives Market?

Fluoropolymer Additives Market Trends and Drivers:

The fluoropolymer additives market is positively driven by the escalating adoption of the product in the coating industry to enhance wettability, reduce foam, disperse materials, prevent chipping, and provide ultraviolet (UV) protection. Moreover, the market is further propelled by the rising investments by government bodies across countries aimed at promoting infrastructure development. Besides this, the expanding environmental consciousness and the shifting preferences towards eco-friendly products are also positively influencing the market growth. Additionally, the increasing requirement for flexible packaging solutions and rapid technological advancements are driving the need for printing inks, which are acting as significant growth-inducing factors. Apart from this, the inflating demand for lightweight thermoplastics, the growing research and development (RD) efforts, and the elevating adoption of products in plastic processing industries to reduce dye build-ups, minimize sharkskin defects, and improve yield are expected to fuel the fluoropolymer additives market over the forecasted period.

Global Fluoropolymer Additives Market 2023-2028 Analysis and Segmentation:

3M Company, AGC Inc., Chenguang Research Institute of Chemical Industry, Daikin Industries Ltd., Fluorogistx, Gujarat Fluorochemicals Limited, Laurel Products LLC, Maflon S.p.A., Reprolon Texas, Shamrock Technologies and Solvay S.A.

The report segmented the market based on region, product and application.

Breakup by Product:

Polytetrafluoroethylene (PTFE) Micropowders
Fluorinated Ethylene Propylene (FEP) Micropowders
Perfluoroalkoxy (PFA) Micropowders
Others

Breakup by Application:

Printing Inks
Coatings
Lubricants and Grease
Thermoplastics and Elastomers
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa