Rapid urbanization and rise in building infrastructure should accelerate fluorinated ethylene propylene market growth owing to increasing demand for electrical cables and wires. There is a significant rise in government initiatives to expand existing power distribution & transmission network which increases suitability of fluorinated ethylene propylene wires pertaining to their longer life, greater breakdown voltage and mechanical strength. Significant need for upgradation of existing power infrastructure, booming motor vehicle production and growth of renewable power generation should further stimulate FEP market growth from electrical & electronics applications.
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Global fluorinated ethylene propylene granules market was valued at about USD 120 million in 2018 pertaining to growing adoption in the manufacture of sheets, tubes and rods. There is rising demand for premium SUVs and pickup vehicles where the product finds extensive usage in coolant circulation and brake line tubing manufacture. Growing demand for passenger air travel and upsurge in military expenditure is likely to boost fluorinated ethylene propylene adoption in high-performance hoses, cryogenic seals, guide bushes and seats in aerospace industry.
Global fluorinated ethylene propylene powder market from chemical processing applications should register over 6.5% gains by 2025 on account of its desirable chemical resistance, nonstick property and low coefficient of friction. There is a rising demand for construction chemicals such as sealants, coatings & cement and chemicals required by oil & gas industry which has stimulated product adoption in vessel liners, gaskets, fluid handling systems, tubing and valves. Growing research & development investment, rising adoption of nanotechnology and demand for advanced material from automotive industry should further increase FEP powder market growth from chemical processing applications.
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North America FEP film market is likely to surpass USD 165 million by the end of the predicted period. The region is witnessing growing energy requirements, rise in consumer awareness of renewable energy sources and environmental concerns which has boosted its adoption in solar cells owing to its long life, low weight, UV resistance and weathering performance. Rising government initiatives to curb greenhouse gas emissions, subsidies for photovoltaic installations and increasing demand for self-sufficiency should further accelerate fluorinated ethylene propylene market growth.
Germany FEP films market size from solar panel applications is poised to exceed USD 1.4 million up to 2025. They form ideal protective front sheets for solar modules pertaining to their smooth, light-weight, flexible and long lasting nature. These are less fragile and light weight which improves their durability and life span, thus improving their attractiveness as compared to traditional glass. Increasing prevalence for energy efficiency owing to a European Union directive directing all member countries to source 20% of their energy requirements from renewable sources should further stimulate fluorinated ethylene propylene market growth.
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China fluorinated ethylene propylene dispersions market size from fabric applications exceeded USD 1.6 million in 2018. They offer low sliding friction, chemical resistance, superior impact and wear resistance. They are widely used in roofing fabrics, conveyor belts, and insulation material owing to their impenetrability to fluids, and weldability which should accelerate fluorinated ethylene propylene market growth.
Daikin Industries, AGC, Saint-Gobain, 3M Company, and DowDupont are the key industrial participants catering to the overall FEP market. Various manufacturers are launching new products with specific functionality which ensures substantial fluorinated ethylene propylene market penetration.
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