Fluorinated Ethylene Propylene (FEP) Market to grow by USD 486.51 million from 2022 to 2027

NEW YORK, Aug. 25, 2023 /PRNewswire/ -- The fluorinated ethylene propylene (FEP) market is estimated to grow at a CAGR of 8.41% between 2022 and 2027. The fluorinated ethylene propylene market size is forecast to increase by USD 486.51 million, according to Technavio. Discover some insights on market size historical period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a free sample report

Fluorinated ethylene propylene (FEP) market – Company AnalysisCompany Landscape - The fluorinated ethylene propylene (FEP) market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer fluorinated ethylene propylene (FEP) in the market are 3M Co., AGC Inc., Compagnie de Saint Gobain, Daikin Industries Ltd., DuPont de Nemours Inc., Gasco Inc., Gujarat Fluorochemicals Ltd., HaloPolymer OJSC, Hindustan Organic Chemicals Ltd., Hubei Everflon Polymer Co. Ltd., ITAFLON s.r.l, Jiangsu Meilan Chemical Co. Ltd., Poly Plast Chemi Plants India Pvt Ltd., RTP Co., Shandong Hua Fluorochemical Co. Ltd., Shanghai Huayi 3F New Materials Co. Ltd., The Chemours Co., Zeus Co. Inc., Zhejiang Fotech International Co. Ltd., and ZheJiang Yonghe Refrigerant Co. Ltd. and others.

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Company Offerings -

3M Co.- The company offers fluorinated ethylene propylene (FEP), namely 3M Dyneon FEP.

Zeus Co. Inc.- The company offers fluorinated ethylene propylene (FEP) through its subsidiary AGC Chemicals Americas Inc.

Compagnie de Saint Gobain - The company offers fluorinated ethylene propylene (FEP) under its brand PharmaFluor through its subsidiary Saint-Gobain Performance Plastics.

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Fluorinated Ethylene Propylene (FEP) Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on end-user (cookware and food processing, chemical processing, oil and gas, electrical and electronic, and others), product (films and sheets, pellets and granules, tubes, coatings, and others),

The market share growth in the cookware and food processing segment will be significant during the forecast period. FEP is used in the kitchen and cookware industry as a non-stick coating for utensils. Fluoropolymer coatings are commonly used to create a non-stick surface for cookware. Furthermore, PTFE is well known for its cookware applications, gaining popularity for its ability to reduce oil consumption during cooking. For example, Meyer Corp. launched Accent Designer non-stick cookware line. Hence, these factors are expected to drive segment growth during the forecast period.

Geography OverviewBy geography, the global fluorinated ethylene propylene (FEP) market is segmented into North America, APAC, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates of the contribution of all regions to the growth of the global fluorinated ethylene propylene FEP) market.

North America is estimated to contribute 42% to the growth of the global market during the forecast period. FEP finds applications in fields as diverse as cookware, food processing, electronics, medical devices, automotive, furniture, and pharmaceuticals. Some FEP coating users, such as furniture manufacturers, are expanding their reach through new businesses in the region. For example, IKEA revealed plans to open smaller stores in New York, Los Angeles, and Chicago. Hence, the increasing expansions are expected to drive market growth in the region during the forecast period.

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Fluorinated Ethylene Propylene (FEP) Market – Market Dynamics

Key Driver

Increasing demand for FEP coatings is a key factor driving market growth. FEP coatings are important in the chemical industry for the efficient conveying of harsh chemicals required in industrial production processes. Integrated circuits require about 270 chemicals and gases to manufacture, many of which are highly corrosive such as nitric acid, hydrochloric acid, hydrofluoric acid, and ozone. Therefore, FEP is essential for the transport of these chemicals, driving its demand in semiconductor integrated circuit production. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Capacity expansion by key end-users is a major trend in the market.

Significant Challenge

Stringent regulations on the use of perfluorooctanoic acid (PFOA)-related material is a key factor driving market growth.

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Fluorinated Ethylene Propylene (FEP) Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.41%

Market growth 2023-2027

USD 486.51 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.13

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 42%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., AGC Inc., Compagnie de Saint Gobain, Daikin Industries Ltd., DuPont de Nemours Inc., Gasco Inc., Gujarat Fluorochemicals Ltd., HaloPolymer OJSC, Hindustan Organic Chemicals Ltd., Hubei Everflon Polymer Co. Ltd., ITAFLON s.r.l, Jiangsu Meilan Chemical Co. Ltd., Poly Plast Chemi Plants India Pvt Ltd., RTP Co., Shandong Hua Fluorochemical Co. Ltd., Shanghai Huayi 3F New Materials Co. Ltd., The Chemours Co., Zeus Co. Inc., Zhejiang Fotech International Co. Ltd., and ZheJiang Yonghe Refrigerant Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End User

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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SOURCE Technavio