Fluorinated Ethylene Propylene (FEP) Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The fluorinated ethylene propylene (FEP) coatings are segmented by product type (powder coating and liquid coating), application (cookware and food processing), oil and gas, electrical and electronics, fiber optics, medical, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Fluorinated Ethylene Propylene (FEP) Coatings Market Size

Single User License
Team License
Corporate License
Book before:
Fluorinated Ethylene Propylene (FEP) Coatings Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR < 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Fluorinated Ethylene Propylene (FEP) Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Fluorinated Ethylene Propylene (FEP) Coatings Market Analysis

The market for fluorinated ethylene propylene (FEP) coatings is projected to register a CAGR of less than 6% during the forecast period.

In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

  • The increasing demand from electronic appliances and the food processing sector is expected to dominate the market.
  • On the other hand, rising environmental concerns and stringent EPA regulations are expected to hinder the growth of the market.
  • In the coming years, the market is also expected to grow thanks to new applications in the optical fiber industry.
  • North America dominated the market across the globe, with the largest consumption in countries such as the United States, Canada, etc.

Fluorinated Ethylene Propylene (FEP) Coatings Market Trends

High Demand from Electrical & Electronics Industry

  • FEP coatings are one of the important coatings material in the electrical and Electronics industry as they can hold and transport the harsh chemicals used in the manufacturing process since FEP is an excellent insulator and an ideal option to provide electrical insulation while at the same time conferring chemical resistance when shrunk over wires.
  • The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition, and polishing.
  • 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.
  • Special grades of FEP coatings are being developed to meet the rigorous demands of the semiconductor industry which is involved in the production of electronic equipment such as personal computers, cellular phones, LCD, plasma and LED displays.
  • Globally, the demand for smartphones is increasing at a significant rate. According to the TelefonaktiebolagetLM Ericsson, the number of smartphone subscriptions accounted for 6,259 million in 2021 globally, compared to 5,924 million in the previous year. Moreover, the subscription is likely to reach 7,690 million over the next three years, thus enhancing the market growth.
  • Morever, according to the Japan Electronics and Information Technology Industries Association (JEITA), Japan shipped 365 thousand units of Flat-panel-display TVs domestically in January 2023. Thus, boosting the market growth.
  • All the aforementioned factors are likely to increase the demand for the FEP coatings market over the forecast period.
Fluorinated Ethylene Propylene (FEP) Coatings Market: Domestic Shipments, Major Consumer Electronic Equipment, in thousand units, Japan, January 2023

North America Region to Dominate the Market

  • The immense demand for fluorinated ethylene propylene (FEP) coatings is a consequence of the growing trends in electronics, fiber optics, food processing, chemical processing, and the oil and gas industries in the North American region.
  • In North America, especially in the United States, the electronics industry is expected to grow significantly. The Consumer Technology Association predicted that retail sales of consumer electronics and technology in the United States would bring in 505 billion dollars in 2022, up from 461 billion dollars in 2021.
  • Further, the growth of the food processing sector in North America is robust due to the excessive dependence of people on packaged food products and the strong foothold of the food processing companies. PepsiCo, Tyson Foods, and Nestle are large food processing companies operating in the region. thus boosting market growth.
  • In March 2022, Nestlé announced its plans to invest USD 675 million in a new plant in Metro Phoenix, Arizona, the United States, to produce beverages, including oat milk coffee creamers, as consumer demand increases for plant-based products. The plant is expected to be operational in 2024. thus helping the market grow in the food processing sector.
  • Thus, the increasing demand from various applications is likely to surge the demand for fluorinated ethylene propylene (FEP) coatings in the near future.
Fluorinated Ethylene Propylene (FEP) Coatings Market - CAGR by Region, 2023-2028

Fluorinated Ethylene Propylene (FEP) Coatings Industry Overview

The fluorinated ethylene propylene (FEP) coatings market is partially fragmented in nature. Some of the major players in the market include AGC Inc., DAIKIN INDUSTRIES, Ltd., 3M, AFT Fluorotec Limited, The Chemours Company, etc., among others (in no particular order).

Fluorinated Ethylene Propylene (FEP) Coatings Market Leaders

  1. AGC Inc

  2. DAIKIN INDUSTRIES, Ltd

  3. 3M

  4. AFT Fluorotec Limited

  5. The Chemours Company

*Disclaimer: Major Players sorted in no particular order

Fluorinated Ethylene Propylene (FEP) Coatings Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Fluorinated Ethylene Propylene (FEP) Coatings Market News

No recent developments.

Fluorinated Ethylene Propylene (FEP) Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Cost-effective Alternative to PTFE in Non-stick Applications of the Food Industry

      2. 4.1.2 Rising Prominence of FEP Coatings in the Semiconductors of Electronic Appliances

    2. 4.2 Restraints

      1. 4.2.1 Rising Environmental Concerns and Stringent EPA Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Product Type

      1. 5.1.1 Powder Coating

      2. 5.1.2 Liquid Coating

    2. 5.2 Application

      1. 5.2.1 Cookware and Food Processing

      2. 5.2.2 Chemical Processing

      3. 5.2.3 Oil and Gas

      4. 5.2.4 Electrical & Electronics

      5. 5.2.5 Fiber Optics

      6. 5.2.6 Medical

      7. 5.2.7 Othe Applications

    3. 5.3 By Geography

      1. 5.3.1 Asia Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%) Analysis **/ Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AFT Fluorotec Limited

      3. 6.4.3 AGC Inc.

      4. 6.4.4 DAIKIN INDUSTRIES, Ltd.

      5. 6.4.5 Dongyue Chemical

      6. 6.4.6 GMM Pfaudler

      7. 6.4.7 fluorocarbonST

      8. 6.4.8 Hubei Everflon Polymer CO., Ltd.

      9. 6.4.9 Impreglon UK Limited

      10. 6.4.10 INOFLON

      11. 6.4.11 Praxair S.T. Technology, Inc.

      12. 6.4.12 Precision Coating Company, Inc

      13. 6.4.13 Rudolf Gutbrod GmbH

      14. 6.4.14 Shanghai 3F New Materials Co., Ltd.

      15. 6.4.15 The Chemours Company

      16. 6.4.16 Toefco Engineered Coating Systems, Inc.

      17. 6.4.17 Zeus Company Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Applications in the Optical Fiber Industry

**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Fluorinated Ethylene Propylene (FEP) Coatings Industry Segmentation

FEP (fluorinated ethylene propylene) is a polymer derived from fluorocarbons. FEP coatings have a low coefficient of friction or slipperiness, are non-porous and non-stick, are chemically inert, have strong dielectric strengths, and are frequently used as bonding agents. The fluorinated ethylene propylene market is segmented by product type, application, and geography. By product type, the market is segmented into powder coating and liquid coating. By application, the market is segmented into cookware and food processing, chemical processing, oil and gas, electrical and electronics, fiber optics, medical, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
Powder Coating
Liquid Coating
Application
Cookware and Food Processing
Chemical Processing
Oil and Gas
Electrical & Electronics
Fiber Optics
Medical
Othe Applications
By Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Fluorinated Ethylene Propylene (FEP) Coatings Market Research FAQs

The Fluorinated Ethylene Propylene (FEP) Coatings Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)

AGC Inc, DAIKIN INDUSTRIES, Ltd, 3M, AFT Fluorotec Limited and The Chemours Company are the major companies operating in the Fluorinated Ethylene Propylene (FEP) Coatings Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Fluorinated Ethylene Propylene (FEP) Coatings Market.

The report covers the Fluorinated Ethylene Propylene (FEP) Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fluorinated Ethylene Propylene (FEP) Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Fluorinated Ethylene Propylene (FEP) Coatings Industry Report

Statistics for the 2024 Fluorinated Ethylene Propylene (FEP) Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fluorinated Ethylene Propylene (FEP) Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Fluorinated Ethylene Propylene (FEP) Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)