Global Fluorinated Ethylene Propylene Market, 2013-2023
Fluorinated ethylene propylene (FEP) is a copolymer of hexafluoropropylene (HFP) and tetrafluoroethylene (TFE) and is a melt-processable fluoropolymer. Hence like PTFE (polytetrafluoroethylene), Fluorinated Ethylene Propylene is having beneficial properties of low friction and non-reactivity that are hallmarks of PTFE. The only exception is that Fluorinated Ethylene Propylene is softer than PTFE and has a lower melting point of 260 degree C, in addition to being highly transparent and resistant to sunlight.Emerging Applications in the Optical Fiber Industry like Jacketing MaterialOptic fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint.
The global fluorinated ethylene propylene market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global fluorinated ethylene propylene market is growing at a fast pace and increasing its geographical footprint rapidly. The global Fluorinated ethylene propylene market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.
There is growing demand for FEP due to the growth of the end use industries, such as fiber optics, chemical processing, and oil & gas industries. FRP is an excellent insulator and FEP heat shrink is an ideal option to provide electrical insulation while at the same time conferring chemical resistance, when shrunk over wires. FEP coatings are one of the important coatings materials in semiconductor industry as they can hold and transport the harsh chemicals used in the manufacturing process.
This substance has significantly higher cost, low stiffness and strength as compared to other types of fluoroplastics such as PTFE which is likely to hinder market growth. Moreover, this material releases perfluorooctanoic acid (PFOA) and perfluorinatedcompounds upon degradation which presents the risk of contaminating drinking water, groundwater, surface water and air. Various manufacturers are eliminating the use of PFOA to comply with industry and environmental requirements.
The key players of the global fluorinated ethylene propylene market are 3M Company (Dyneon GmbH) AMETEK Inc, DAIKIN INDUSTRIES Ltd, DowDuPont Greene, INOFLON Li Chang Technology (Ganzhou) Co.Ltd.,Merck KGaAPolyfluor Plastics, Zeus Industrial Products Inc., Solvay , The Chemours Company.
The research procedure begins with the bifurcation of various market segments of global fluorinated ethylene propylene market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across fluorinated ethylene propylene industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)