Fluoropolymer Masterbatch Market size valuation is anticipated to surpass USD 660 million by 2032, according to a recent research report announced by Global Market Insights Inc.
Growing wire and cable industry coupled with rising applications of polymers in wire & cable jacketing is shaping the industry outlook. Increasing demand for fluoropolymer masterbatches for manufacturing wires and cables for electronics and electrical applications like batteries and consumer electronics can be attributed to their excellent thermal and electrical properties. Moreover, fluoropolymers such as PTFE have the lowest loss against plastics and are widely used in coaxial cable, robot wiring, and insulation materials.
The flexibility of PVDF to foster the resin segment demand
On the basis of resin, fluoropolymer masterbatch market is classified into PTFE, ETFE, PFA, FEP, PVDF, and others. PVDF segment is anticipated to grow at over 3.5% CAGR from 2023 to 2032, owing to its usage as insulation on electric wires due to its lightweight, low thermal conductivity, and flexibility. In addition, PVDF has good abrasion resistance, high tensile strength, and piezo-electric properties, which favors its adoption.
Increasing use of white fluoropolymer masterbatch to impel the type segment expansion
Based on type, the industry is divided into color, white, black, and additive. Amongst them, the white fluoropolymer masterbatch segment is expected to depict over USD 160 million by 2032, owing to its wide usage in large electronics as wire coating. Moreover, these masterbatches find their applications in lamination and coating. In addition, they have high thermal stability under processing conditions and work as a UV protector, augmenting segment expansion.
Browse key industry insights spread across 160 pages with 212 market data tables and 21 figures & charts from the report “Fluoropolymer Masterbatch Market Size By Resin (PVDF, PTFE, ECTFE/ETFE, FEP, PFA/MFA), By Type (Black, White, Color, Additive), By Application (Wires & Cables, Films, Tubing, Injection Molded Parts), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032”, in detail along with the table of contents:
Wide usage of injection molded parts in manufacturing products to augment application segment development
In terms of application, fluoropolymer masterbatch market is segmented into tubing, films, wires & cables, injection molded parts and others. Injection molded parts application segment is poised to witness over USD 220 million by 2032, owing to its wide usage in manufacturing products like packaging, bottle caps, toys, pocket combs, automotive parts and components, wire spools, others. Additionally, injection molding of fluoropolymers can support complex designs with fine details.
Rising product demand from consumer electronics to strengthen the North America industry share
North America fluoropolymer masterbatch market is the third-fastest growing industry and is poised to grow at over 2.5% CAGR from 2023 to 2032, owing to rising demand from the region’s consumer electronics and plastic product demand. Moreover, the U.S. is also one of the largest exporters of primary forms of plastics.
Mergers and acquisitions to define the fluoropolymer masterbatch market competitive landscape
Some fluoropolymer masterbatch industry players include SARVAN CARBOCHEM LLP, Avient Corporation, Everflon, Americhem, Ampacet Corporation, Avi Additives Pvt. Ltd., among others. Many of these players are focusing on mergers and acquisition strategies to extend their global footprint. For example, back in September 2020, Americhem, a manufacturer of custom color masterbatch, unveiled its acquisition of Controlled Polymers, a manufacturer of customized masterbatch for the medical sector. This move will help Americhem expand its reach with increased product offerings.