PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1649592
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1649592
In terms of value, the fluoropolymer processing aid market is estimated to grow from USD 1.53 billion in 2024 to USD 1.75 billion by 2029, at a CAGR of 2.7%. Rising demand for plastics and composites in automobile industry has a lot to offer to the fluroropolymer processing aid market. Many of the programs for enhancing health and cleanliness exploits are directing the usage of superior materials in distinct sectors and making a demand of high-performance fluoropolymer processing aid. The rises in both infrastructure of various facilities and performance of industries have prompted the government to support fluoropolymers for applications that meet high performance standards in terms of durability and chemical resistance. Specifically, with governments of various countries opting to invest in new manufacturing technologies including the growing medical, aerospace, and chemical industries, ongoing processing aid demands are swiftly growing, especially in developing nations. These additives are essential in achieving the production of quality and most importantly, reliability in the products that are produced for today's demanding market. Moreover, the rising population in the Middle East & Africa and Asia Pacific, changing customer needs, increasing industrial expansion in Asia Pacific region are driving the fluoropolymer processing aid market. In addition, due to changing sustanibility goals, environmental norms, and changing regulations, there is an escalating desire for sustainable processing aids.
Scope of the Report | |
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Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Volume (Units) and Value (USD Thousands) |
Segments | Polymer Type, Form, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Polyethylene was the largest polymer type of fluoropolymer processing aid market, in terms of value, in 2023."
Polypropylene hold the biggest market share in the fluoropolymer processing aid market. This is mainly because polyethylene is used in many industries including the packaging industry, construction and the automotive industries where high performance materials are required. The use of Fluoropolymer processing aids contributes to better control of flow, melt strength and stability of Polyethylene, leading to better control of the process and improved quality of the end product. Because, many industries are increasingly using polyethylene-based products, the demand for processing aids may act as a major market growth factor. Also, these aids enhance the streamlining of various production processes and hence cuts costs to meet efficient productions.
"Pipes & tubes was second-largest application of fluoropolymer processing aid market, in terms of value, in 2023."
The second major application area in the fluoropolymer processing aid market, based on value, was for pipes and tubes. This growth is attributed through rising demand of pipes and tubes used in chemical processing, oil, and gas and/ or the pharmaceutical industries where there is a need for high performance pipes and tubes due to their resistance to chemicals and ability to endure high pressure. These fluoropolymer processing aids improve the flow characteristics and the melt strength of the materials and reduce manufacturing costs and improve product properties. With infrastructure development and industrialization in emerging economies, the use of high quality pipes and tubes are expected to expand resulting in higher market demand for processing aids. They also assist to bring down costs of production while at the same time increasing the efficiency of operation.
"The Middle East & AFrica is projected to be the second fastest-growing region, in terms of value, during the forecast period in the fluoropolymer processing aid market."
The Middle East & Africa followed by Asia Pacific region is identified to have the second highest CAGR in the fluoropolymer processing market due to the increasing industrialization of the region and high investment on infrastructural. Large-scale investments in construction projects for mass housing applications and commerce and business establishments are pulling demand for superior quality polymer/ packaging materials which requires superior fluoropolymer processing aids. Also, population growth and urbanization around the region also complement the demand for high quality consumer good and packaging materials. There is also a rising trend towards sustainability with awareness of the same forcing technologies to embrace environment friendly processing aids. Similarly, the investment from the Middle East & African countries and emergence of new industrial projects also have a positive impact on the growth rate of fluoropolymer processing aid industry in this area and therefore it is expected to register a good growth rate in the coming future.
The key players profiled in the report Arkema (France), 3M Company (US), The Chemours Company (US), Daikin Industries, Ltd. (Japan), Syensqo (Belgium), Adplast (Portugal), SCG Chemicals, Public Company Limited (Thailand), Tosaf Compounds LTD (Israel), Ampacet Corporation (US), and Shanghai Lanpoly Polymer Technology Co., Ltd. (China), Plastiblends India Limited (India), and among others.
Research Coverage
This report segments the market for fluoropolymer processing aid based on polymer type, form, application, and region and provides estimations of volume (Units) and value (USD Thousands) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for fluoropolymer processing aid.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the fluoropolymer processing aid market; high-growth regions; and market drivers, restraints, and opportunities.