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We expect the global fluoropolymer additives market to exhibit a CAGR of 5.80% during 2022-2027.
The rising adoption of fluoropolymer additives in the coating industry to improve wettability, foam reduction, dispersing, anti-chipping, and UV protection of the material is primarily driving the global fluoropolymer additives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of manufacturing units for fluoropolymer additives.
Based on the product, the global fluoropolymer additives market has been divided into Polytetrafluoroethylene (PTFE) micropowders, Fluorinated Ethylene Propylene (FEP) micropowders, Perfluoroalkoxy (PFA) micropowders, and others. Among these, Polytetrafluoroethylene (PTFE) micropowders currently exhibit a clear dominance in the market.
Based on the application, the global fluoropolymer additives market can be categorized into printing inks, coatings, lubricants and grease, thermoplastics and elastomers, and others. Currently, coatings account for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global fluoropolymer additives market include 3M Company, AGC Inc., Chenguang Research Institute of Chemical Industry, Daikin Industries Ltd., Fluorogistx, Gujarat Fluorochemicals Limited, Laurel Products LLC, Maflon S.p.A., Reprolon Texas, Shamrock Technologies, and Solvay S.A.
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