Fluorinated Ethylene Propylene (FEP) market will expand to $1.2 billion by 2025 with a projected CAGR of 8.3 percent over 2019-2025, a report by Global Market insights Inc. said. Global FEP powder market size might surpass nine-kilo tonnes by then. These high-performance powders provide high melt fluidity, provide a smooth and chemical resistant finish to the end-use product making it suitable for cookware and other applications. Growing product demand for automotive ball bearings and paints, adhesives and sealants in the construction industry should further accelerate fluorinated ethylene propylene market growth, the report said.
Daikin Industries, AGC, Saint-Gobain, 3M Company, and DowDupont are the key industrial participants
catering to the overall FEP market.
“U.S. (FEP) fluorinated ethylene propylene films market size from composite moulding applications may register over seven percent gains till the end of 2025 majorly owing to its non-stick surface and ability to create a smooth finish. A booming aerospace industry where moulding composites help reduce aircraft weight to improve fuel efficiency should stimulate FEP market as it is significantly resistant to wear and tear, conformability to uneven shapes and melt processability. Fluorinated ethylene propylene tubes market size from chemical processing applications should register over six percent gains by the end of the predicted period. It provides high tensile strength, low-temperature
resistance and low coefficient of friction which makes it ideal for chemical processing applications. Significant expansion of the chemical and petrochemical industry, investment in oil and gas exploration and growth of the automotive sector in China, South Korea and India should further stimulate fluorinated ethylene propylene (FEP) market growth,” the report said.
Germany FEP films market size from solar panel applications is poised to exceed $1.4 million up to 2025. They form ideal protective front sheets for solar modules pertaining to their smooth, light-weight, flexible and long-lasting nature. These are the less fragile and lightweight which improves their durability and life span, thus improving their attractiveness as compared to traditional glass. Increasing prevalence for energy efficiency owing to a European Union directive directing all member countries to source 20 percent of their energy requirements from renewable sources should further stimulate market growth.
China fluorinated ethylene propylene dispersions market size from fabric applications exceeded $1.6 million in 2018. They offer low sliding friction, chemical resistance, superior impact and wear resistance. They are widely used in roofing fabrics, conveyor belts, and insulation material owing to their impenetrability to fluids, and weldability which should accelerate market growth.