Fluorinated Ethylene Propylene (FEP) Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Films & Sheets, Pellets & Granules, Tubes, Coatings, and Other Product Types), Application (Cookware & Food Processing, Chemical Processing, Oil & Gas, Electrical and Electronics, Medical, and Other Applications), and Geography (Asia-Pacific, North America, Europe, and Rest of the World).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The global fluorinated ethylene propylene market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are cost-effective alternative to PTFE in non-stick applications of the food industry, and rising prominence of FEP coatings in the semiconductors of electronic appliances.

  • Rising environmental concerns and stringent EPA regulations are likely to hinder the markets growth.
  • Increasing demand for FEP coatings in critical fluid transport tubing applications and gaining momentum in the trend of FEP lab-ware are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market. North America is also to witness highest CAGR during the forecast period.

Scope of the Report

The global fluorinated ethylene propylene market report includes:

Product Type
Films and Sheets
Pellets and Granules
Tubes
Coatings
Other Product Types
Application
Cookware and Food Processing
Chemical Processing
Oil and Gas
Electrical and Electronic
Photovoltaic
Optical Fibers
Other Electricals and Electronics
Medical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Increasing Demand for FEP Coatings

  • Fluorinated ethylene propylene (FEP) is an excellent insulator, with unique thermal, mechanical, and chemical properties. FEP is the best substitute for Teflon, PTFE, and PFA, owing to its properties and advantages.
  • Fluorinated Ethylene Propylene (FEP) non-stick coatings are rapidly replacing the conventional Teflon type non-stick cookware coatings, due to their ability to withstand temperatures up to 500º F, higher wear resistance, and resistance to oxidation. 
  • Owing to its resistance toward sunlight, fluorinated ethylene propylene (FEP) is used as an insulation material for outdoor electrical wires, as well as jacketing material for optical fiber cables. Additionally, FEP is an excellent semiconductor for manufacturing electrical fittings and appliances.
  • FEP coatings are one of the important coating materials in the chemical industry, as they can hold and transport harsh chemicals used in the industrial manufacturing processes. 
  • The integrated circuits of semiconductors are manufactured using processes, such as photolithography, etching, cleaning, thin film deposition, and polishing. It takes about 270 chemicals and gasses to produce a typical integrated circuit.Many of these chemicals, including nitric acid, hydrochloric and hydrofluoric acid, and ozone, are extremely corrosive. 
  • Owing to all the aforementioned factors, the market for fluorinated ethylene propylene is likely to grow during the forecast period.

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North America Region to Witness the Fastest Growth

  • North America region is expected to witness the highest CAGR during the forecast period, owing to the growing demand from the United States.
  • In the United States, the shale gas production has been increasing significantly since the past few years. As per the forecast provided by EIA, in the country, the production volume of shale gas is projected to be 23,212 billion cubic feet by 2020, primarily due to an increase in the demand for natural gas across the world. Natural gas is witnessing a significant increase in the demand, as it is a cleaner source of energy when compared to crude oil and coal.
  • The healthcare sector is the primary employer in the country. FEP has a unique application in this sector, where it is essentially used for manufacturing quick release (non-stick) operating instruments and appliances. 
  • FEP is used as a laminate for manufacturing photovoltaic cells, due to its property to withstand sunlight, high temperatures, and transparency. In 2018, the United states generated 67 TWh of solar energy, which is 1.6% of total energy mix. This proportion is projected to be over 2% by 2020.
  • All these factors are expected to increase the market for fluorinated ethylene propylene in the region during the forecast period.

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Competitive Landscape

The fluorinated ethylene propylene market is partially consolidated in nature. Some of the major players in the market include 3M, Daikin Industries Ltd., Dow, Saint-Gobain Performance Plastics, and Shanghai 3F New Materials Co. Ltd, among others.

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

      3. 4.1.3 Increasing Demand for Heat Shrinkable Fluorinated Ethylene Propylene Tubing Products

    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 Force 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

    1. 5.1 Product Type

      1. 5.1.1 Films and Sheets

      2. 5.1.2 Pellets and Granules

      3. 5.1.3 Tubes

      4. 5.1.4 Coatings

      5. 5.1.5 Other Product Types

    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 and Electronic

        1. 5.2.4.1 Photovoltaic

        2. 5.2.4.2 Optical Fibers

        3. 5.2.4.3 Other Electricals and Electronics

      5. 5.2.5 Medical

      6. 5.2.6 Other Applications

    3. 5.3 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 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AMETEK Inc.

      3. 6.4.3 AGC Inc.

      4. 6.4.4 Daikin Industries, Ltd.

      5. 6.4.5 Dow

      6. 6.4.6 Holscot Fluoroplastics

      7. 6.4.7 Hubei Everflon Polymer Co., Ltd.

      8. 6.4.8 INOFLON

      9. 6.4.9 Li Chang Technology (Ganzhou) Co. Ltd

      10. 6.4.10 Merck KGaA

      11. 6.4.11 Polyfluor Plastics bv.

      12. 6.4.12 RTP Company

      13. 6.4.13 Saint-Gobain Performance Plastics

      14. 6.4.14 Shanghai 3F New Materials Co. Ltd

      15. 6.4.15 Solvay

      16. 6.4.16 The Chemours Company

      17. 6.4.17 Zeus Industrial Products, Inc.

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

    1. 7.1 Emerging Applications in the Optical Fiber Industry, like Jacketing Material

    2. 7.2 Increasing Demand for FEP Coatings in Critical Fluid Transport Tubing Applications

    3. 7.3 Gaining Momentum in the Trend of FEP Lab-ware

** Subject to Availability

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