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Aug 28, 2023Fluorinated Ethylene Propylene (FEP) Market to grow by USD 486.51 million from 2022 to 2027
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25 Aug, 2023, 11:30 ET
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NEW YORK, Aug. 25, 2023 /PRNewswire/ -- The fluorinated ethylene propylene (FEP) market is estimated to grow at a CAGR of 8.41% between 2022 and 2027. The fluorinated ethylene propylene market size is forecast to increase by USD 486.51 million, according to Technavio. Discover some insights on market size historical period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a free sample report
Fluorinated ethylene propylene (FEP) market – Company AnalysisCompany Landscape - The fluorinated ethylene propylene (FEP) market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer fluorinated ethylene propylene (FEP) in the market are 3M Co., AGC Inc., Compagnie de Saint Gobain, Daikin Industries Ltd., DuPont de Nemours Inc., Gasco Inc., Gujarat Fluorochemicals Ltd., HaloPolymer OJSC, Hindustan Organic Chemicals Ltd., Hubei Everflon Polymer Co. Ltd., ITAFLON s.r.l, Jiangsu Meilan Chemical Co. Ltd., Poly Plast Chemi Plants India Pvt Ltd., RTP Co., Shandong Hua Fluorochemical Co. Ltd., Shanghai Huayi 3F New Materials Co. Ltd., The Chemours Co., Zeus Co. Inc., Zhejiang Fotech International Co. Ltd., and ZheJiang Yonghe Refrigerant Co. Ltd. and others.
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Fluorinated Ethylene Propylene (FEP) Market - Segmentation Assessment
Segment OverviewTechnavio has segmented the market based on end-user (cookware and food processing, chemical processing, oil and gas, electrical and electronic, and others), product (films and sheets, pellets and granules, tubes, coatings, and others),
Geography OverviewBy geography, the global fluorinated ethylene propylene (FEP) market is segmented into North America, APAC, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates of the contribution of all regions to the growth of the global fluorinated ethylene propylene FEP) market.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a free Sample Report
Fluorinated Ethylene Propylene (FEP) Market – Market Dynamics
Key Driver
Increasing demand for FEP coatings is a key factor driving market growth. FEP coatings are important in the chemical industry for the efficient conveying of harsh chemicals required in industrial production processes. Integrated circuits require about 270 chemicals and gases to manufacture, many of which are highly corrosive such as nitric acid, hydrochloric acid, hydrofluoric acid, and ozone. Therefore, FEP is essential for the transport of these chemicals, driving its demand in semiconductor integrated circuit production. Hence, these factors are expected to drive market growth during the forecast period.
Major Trends
Capacity expansion by key end-users is a major trend in the market.
Significant Challenge
Stringent regulations on the use of perfluorooctanoic acid (PFOA)-related material is a key factor driving market growth.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a free sample report!
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Fluorinated Ethylene Propylene (FEP) Market Scope
Report Coverage
Details
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 8.41%
Market growth 2023-2027
USD 486.51 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.13
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
North America at 42%
Key countries
US, Canada, China, Germany, and UK
Competitive landscape
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled
3M Co., AGC Inc., Compagnie de Saint Gobain, Daikin Industries Ltd., DuPont de Nemours Inc., Gasco Inc., Gujarat Fluorochemicals Ltd., HaloPolymer OJSC, Hindustan Organic Chemicals Ltd., Hubei Everflon Polymer Co. Ltd., ITAFLON s.r.l, Jiangsu Meilan Chemical Co. Ltd., Poly Plast Chemi Plants India Pvt Ltd., RTP Co., Shandong Hua Fluorochemical Co. Ltd., Shanghai Huayi 3F New Materials Co. Ltd., The Chemours Co., Zeus Co. Inc., Zhejiang Fotech International Co. Ltd., and ZheJiang Yonghe Refrigerant Co. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End User
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com
SOURCE Technavio
Technavio