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Global Fluorinated Ethylene Propylene (FEP) Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13104717 | Publishing Date : 01-Aug-2018 | No. of pages : 106
The market for fluorinated ethylene propylene (FEP) is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth is primarily driven by the enormous demand as a cost effective alternative for PTFE in non-stick applications of the food industry.
Emerging Applications in the Optical Fiber Industry like Jacketing Material
Optic fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint. The optical fiber cables market has benefited from growing demand for data transmission capacity, making it essential to upgrade existing network infrastructure, particularly in Italy and France, where the existing network is still predominantly in copper cable, while North America started to see the first initiatives to develop the 5G network. The market for optical fiber cables also benefited from growing investments by the principal Chinese carriers, who represented the biggest source of growth in global optical cable demand. The increasing upward trend in optical cable market is estimated in the nearby future, further igniting the demand for overall fluorinated ethylene propylene (FEP) market.
Semiconductors Application Segment to Contribute Significant Demand to the Market
Fluorinated ethylene propylene (FEP) is an excellent insulator and FEP heat shrink is an ideal option to provide electrical insulation while at the same time conferring chemical resistance, when shrunk over wires. FEP coatings are one of the important coatings material in semiconductor industry as they can hold and transport the harsh chemicals used in the manufacturing process. The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit. Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but FEP coatings provide efficient solution owing to its excellent electrical properties, high ionic purity and its ability to withstand a wide range of temperatures. The FEP coatings are well suited for applications in the semiconductor industry where they are used in the manufacture of wafer carriers, tubing, fittings and pump parts which are optimal for transporting high-purity chemicals in semiconductor manufacturing.
North America to Create Significant Demand to the Market
North America accounted the second regional market share for global fluorinated ethylene propylene (FEP) market in 2017. This immense demand for fluorinated ethylene propylene (FEP) is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America region, the United States accounted the major market for the fluorinated ethylene propylene (FEP) coatings in 2017. Development of shale gas has created a definitive advantage for US chemical manufacturing. The increasing demand in various other applications too, will increase the demand for fluorinated ethylene propylene (FEP) in the nearby future.
Key Developments in the Market
May 2018: Daikin America, a leading supplier of fluoropolymer and fluorochemical products, increased the prices for FEP products. This price increase is necessary for Daikin to make progress towards investment economics to justify both continued and new investments in manufacturing, technology, logistics and technical support services.
Major Players: AGC Inc., DAIKIN INDUSTRIES, Ltd., 3M Company (Dyneon GmbH), Dow DuPont, Hubei Everflon Polymer CO., Ltd., Saint-Gobain Performance Plastics, The Chemours Company, and Solvay, among others.
Reasons to Purchase this Report
Identify the current and future prospects of the global fluorinated ethylene propylene (FEP) market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various product segments that are expected to dominate the market
Identify the region that dominates the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Emerging Applications in the Optical Fiber Industry like Jacketing Material
Optic fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint. The optical fiber cables market has benefited from growing demand for data transmission capacity, making it essential to upgrade existing network infrastructure, particularly in Italy and France, where the existing network is still predominantly in copper cable, while North America started to see the first initiatives to develop the 5G network. The market for optical fiber cables also benefited from growing investments by the principal Chinese carriers, who represented the biggest source of growth in global optical cable demand. The increasing upward trend in optical cable market is estimated in the nearby future, further igniting the demand for overall fluorinated ethylene propylene (FEP) market.
Semiconductors Application Segment to Contribute Significant Demand to the Market
Fluorinated ethylene propylene (FEP) is an excellent insulator and FEP heat shrink is an ideal option to provide electrical insulation while at the same time conferring chemical resistance, when shrunk over wires. FEP coatings are one of the important coatings material in semiconductor industry as they can hold and transport the harsh chemicals used in the manufacturing process. The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit. Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but FEP coatings provide efficient solution owing to its excellent electrical properties, high ionic purity and its ability to withstand a wide range of temperatures. The FEP coatings are well suited for applications in the semiconductor industry where they are used in the manufacture of wafer carriers, tubing, fittings and pump parts which are optimal for transporting high-purity chemicals in semiconductor manufacturing.
North America to Create Significant Demand to the Market
North America accounted the second regional market share for global fluorinated ethylene propylene (FEP) market in 2017. This immense demand for fluorinated ethylene propylene (FEP) is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America region, the United States accounted the major market for the fluorinated ethylene propylene (FEP) coatings in 2017. Development of shale gas has created a definitive advantage for US chemical manufacturing. The increasing demand in various other applications too, will increase the demand for fluorinated ethylene propylene (FEP) in the nearby future.
Key Developments in the Market
May 2018: Daikin America, a leading supplier of fluoropolymer and fluorochemical products, increased the prices for FEP products. This price increase is necessary for Daikin to make progress towards investment economics to justify both continued and new investments in manufacturing, technology, logistics and technical support services.
Major Players: AGC Inc., DAIKIN INDUSTRIES, Ltd., 3M Company (Dyneon GmbH), Dow DuPont, Hubei Everflon Polymer CO., Ltd., Saint-Gobain Performance Plastics, The Chemours Company, and Solvay, among others.
Reasons to Purchase this Report
Identify the current and future prospects of the global fluorinated ethylene propylene (FEP) market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various product segments that are expected to dominate the market
Identify the region that dominates the market
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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