Global Fluoropolymer Processing Aid Market Report 2023: A 1.7 Billion market by 2028

DUBLIN, June 1, 2023 /PRNewswire/ -- The "Global Fluoropolymer Processing Aid Market by Polymer Type (PE, PP, PVC), Application (Blown & Cast Film, Wires & Cables, Pipes & Tubes, Fibers & Raffia), and Region (Europe, North America, Asia Pacific, MEA, South America) - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global fluoropolymer processing aid market is projected to reach at USD 1.7 billion in 2028 at a CAGR of 2.9% during the forecast period.

The rising consumption of different polymers has led to the increased usage of fluoropolymer processing aid for the manufacture of polymers for varied industrial and commercial applications. Fluoropolymer processing aid are helpful in enriching the polymers' processing ability. Fluoropolymer processing aids are majorly used in PP to making the final product look flawless.

Polyethylene accounted for the major share in 2022

Polyethylene segment led the fluoropolymer processing aid market with a market size of USD 600,910 thousand in 2022 and is projected to register a CAGR of 2.78% during the forecast period of 2023 - 2028.

Within the polyethylene classification, LLDPE accounted for the largest market share of overall polyethylene segment, in terms of volume, in 2022.

Wires & Cables is expected to be the second-fastest growing application for fluoropolymer processing aid market during the forecast period, in terms of value

The wires & cables application accounted for a market share of the fluoropolymer processing aid market worldwide, in terms of value, in 2022. This application is projected to grow at a CAGR of 3.19% which is the second highest during the period of 2023 - 2028.

They are majorly used to enhance the product quality and to reduce melt fracture, extruder torque, screw spillage. This may help to lessen friction between polymer and processing equipment.

Middle East & Africa had the second highest CAGR for fluoropolymer processing aid in the past years, in terms of value, based on region

Middle East & Africa grew at a rate of 2.74% during the period of 2023 - 2028 which is the second highest among the other regions. Growing population and interests towards urbanization initiatives has led to increased consumption of plastics, especially in the building and construction segment.

The fluoropolymer processing aid market is expected to grow supported by industrial expansion and technological developments during the forecast period.

Competitive landscape

The top players in this fluoropolymer processing aid market are 3M Company (US), Solvay SA (Belgium), The Chemours Company (US), Arkema (France), Daikin Industries, Ltd. (Japan), Gabriel Chemie Group (Austria), Zhejiang Java Specialty Chemicals Co., Ltd (China), Shanghai Lanpoly Polymer Technology Co., Ltd. (China), Plastiblends (India) and Adplast (Portugal).

Premium Insights

Rising Need for Self-Sufficiency in Packaging Films in Developing Countries to Fuel Market

China and Blown Films & Cast Films Segments Accounted for Largest Market Share in 2022

Polyethylene to Dominate Polymer Type Segment During Forecast Period

Blown Films & Cast Films Accounted for Largest Market Share in Fluoropolymer Processing Aid Market in 2022

India to be Fastest Growing Market During Forecast Period

Market Dynamics

Drivers

Rising Demand for Fluoropolymer Processing Aids for Consumer Goods and Packaging Industries in Asia-Pacific

Increased Demand for Production of Blown Films & Cast Films

Restraints

Shift Toward Pfas-Free Alternatives in Commercial and Industrial Products

Implementation of Stringent Regulation Policies for Using Fluoropolymer Processing Aids

Opportunities

Growing Demand for Plastics and Composites in Automobile Industry

Challenges

Higher Cost of Fluoropolymer Processing Aids Compared with Other Processing Aids

Industry Trends

Supply Chain Analysis

Raw Material

Manufacturing

Distribution

Case Studies

Next-Generation Fluoropolymer Processing Aids for Improved Efficiency in Blown Film Bag Production

Technological Analysis

Dupont's Genx Technology: a Sustainable Solution for High-Performance Fluoropolymers

Sustainable Solutions: Developing Non-Fluorosurfactant Technologies in High-Performance Polymers

Patent Analysis

Approach

Document Type

Company Profiles

Key Players

3M Company

Solvay S.A.

The Chemours Company

Arkema

Daikin Industries, Ltd.

Plastiblends

Gabriel-Chemie Group

Zhejiang Java Specialty Chemicals Co., Ltd.

Shanghai Lanpoly Polymer Technology Co., Ltd.

Adplast

Other Players

Blend Colours Pvt. Ltd.

Tosaf Compounds Ltd.

Capital Colours

Polytechs

Kandui Industries Private Limited

Micromb

Supreme Petrochem Ltd

Sri Vasavi Pigments

Nova Chemicals Corporate

Ampacet Corporation

Shanghai Up-Fluorochem Co., Ltd.

Astra Polymers

Plastika Kritis S.A.

Samtone Industries

Gujarat Fluorochemicals

For more information about this report visit https://www.researchandmarkets.com/r/v54m4w

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