Filled Fluoropolymers Market by Type(PTFE and PFA), By End-Use Industry (Automotive, Electrical and Electronics, Healthcare, and Chemical)- Global Analysis & Forecast 2020-2030
Report ID : 308 | Published Date : Apr 2020 | Pages : 160 | Region : Global | Report Code : CM-28
Filled Fluoropolymers Market Overview and Introduction
Fluoropolymers area chemical compound with strong carbon-fluoride bonds and can be optimized using selective fillers. Fillers are added in order to modify one or more properties of a fluoropolymer. The most widely usedfillers includeglass, carbon, graphite, stainless steel,Molybdenum disulfide (MoS2),and others.
Technological advancements and the rising demand from various end-use industries&manufacturers are offering different varieties of fillers for specific applications. Mechanical properties of fluoropolymers, such as PTFE (Polytetrafluoroethylene) and PFA (Perfluoroalkoxy alkanes), can be improved with the addition of different fillers such as glass, fiber, steel, carbon, bronze, graphite, and others. These fillers enhance the material wear and deformation characteristics such as enhanced wear resistance, creep resistance, thermal, and electrical conductivity over virgin fluoropolymers. Additionally, filled fluoropolymers also maintain high chemical resistance, a wider temperature range, and low frictional properties.Other fillers, such as ceramic, polyamide, mica, pigmented PTFE, calcium fluoride filled PTFE, aluminum-oxide-filled PTFE, wollastonite, and ekonol, are also contributing tomarket growth. For instance, ceramic-filled PTFE finds applications in automotive radars, GPS antennas, remote meter readers, and others while polyamide is widely used in material handling equipment, automotive vehicles, aerospace, textiles, etc.
On the flip side, the price volatility of PTFE is an area of concern in the global filled fluoropolymers market. For instance, Daikin, a leading supplier of fluoropolymer increased the prices for its fluoropolymers, including PTFE and PFA, by over 20% in 2019.
The global filled fluoropolymers market is segmented by type, end-useindustry, and region.
Filled Fluoropolymers Market By Type
Based on type, the filled fluoropolymer market can be segmented into PTFE and PFA.Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene and has great chemical resistance, wide temperature range, and excellent electric resistance properties owing to which it finds application in different industries. Filled PTFE held a major market share in 2019 and is expected to witness a market growth of over 4% during the forecast period. In automotive and aerospace industries, filled PTFE is used due to its sealant, high pressure, thermal, and electric properties. These properties are achieved by adding different types of filler materials in precise quantities to PTFE. Filled PFA (Perfluoroalkoxy alkanes) do not have a significant market share globally owing to the high price of PFA composite products.The growth of this segment is driven by the superiority of filled PFA over PTFE in terms of better mechanical properties, better chemical resistance, and continuous use at high temperatures up to 260?C.
Filled Fluoropolymers Market By End Use Industry
In terms of end-use industry, the filled fluoropolymers market can be segmented into automotive, electrical &electronics, healthcare, chemical, and others. Filled fluoropolymers are used extensively in the automotive industry to improve the durability and performance of various parts of the engine.The applications of filled fluoropolymers in the automotive industry include the manufacture of fuel seals, head & intake manifold gaskets, quick-connect O-rings, fuel injection seals, fuel fill hoses,andvapor lines. In the electrical &electronics industry, the applications of filled fluoropolymers include wire & cable insulations to improve electrical performance and fire safety performance. They are also used for semiconductor packaging because of theirexcellent non-adhesiveness, heat resistance, and electrical properties;for displays due to adhesiveness with substrates, transparency, insulation, and chemical resistance; and for various other applications.
Filled Fluoropolymers Market By Region
The global Filled Fluoropolymers market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW).Asia Pacific isdominating the marketowing to the high demand from China, Japan, and India. The growing demand for high-performance lubricants, heat-resistant materials, cosmetics, high gloss inks, and others is fueling the overall market growth in this region.North America is the second-largest market for filled fluoropolymers and is expected to witness growth of over 3% during the forecast period owing to the increasing use of PTFE and PFA in semiconductors, healthcare, and other industries for piping, tubing, manufacturing fluid-handling components, etc.
Filled Fluoropolymers Market Prominent Players
Some of the prominent players in the global filled fluoropolymers market include3M Company, The Mitsubishi Chemical Advanced Materials Group of Companies, Tetraflon Corp S de RL de CV, The Chemours Company, DAIKIN INDUSTRIES, Ltd, AFT FLUOROTEC LIMITED, DMH Dichtungs- und Maschinen handel GmbH, AGC Inc., HaloPolymer, OJSC, FLUORTEN SRL and others.