Fluoropolymer Additives Market Size

Fluoropolymer Additives Market Size

Fluoropolymer Additives Market size exceeded USD 1.2 billion in 2018 and industry expects consumption at over 200 kilo tons by 2025.

Rising demand for coatings application owing to its excellent weatherability and increases time between recoats which thereby increases the exterior coatings life cycle, should drive fluoropolymer additives market size. Growing investments in architectural development along with increasing urbanization is likely to industry growth. Global buildings & construction market accounted for over USD 8 trillion in 2018, which indicates significant growth opportunities for fluoropolymers market in infrastructure development & architectural coatings.

Fluoropolymer additives find wide usage in printing ink application where printing inks require additives which provide superior surface protection, defoaming, wetting and high pigment stabilization properties. Global printing inks market size is poised to surpass USD 20 billion over the forecast timeframe. Growing demand for flexible packaging along with adoption of technological innovations in packaging is likely to accelerate printing inks demand in packaging industry. The striping and printing inks used with the fluoropolymers FEP and PTFE are formulated from the resins as the substrate. The limitation for inks used to mark substrates is that they have to be able to withstand high curing temperatures.

Fluoropolymer additives however experience wide price fluctuations which creates an imbalance in the supply & demand which in turn may hinder the market price trend. Increase in high-performance fluoropolymers price is due to rising raw material costs as well as investments in R&D activities to develop innovative products for various industries.