Fluorinated Ethylene Propylene Market growth is driven by rising product demand for automotive ball bearings, paints, and adhesives, and sealants from the construction sector. Also help the global fluorinated ethylene propylene market gain traction in the coming years. Latest data from The Bureau of Labor Statistics and Timetric’s Construction Intelligence Center, estimates the construction industry to grow at a modest rate over the next several years. Industry professionals further predict one of the largest increase in real output for the construction space, with the business hitting the trillion-dollar remuneration space by 2020. This would remarkably surge the need for adhesives and sealants, driving fluorinated ethylene propylene market share.
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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 fluorinated ethylene propylene market growth from electrical & electronics applications.
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.
Increasing efforts to generate energy from renewable sources, stringent government regulations and the benefits pertaining to efficient energy use and affordability of solar panels will further propel the solar power industry. Recently, in an effort to become America’s leading rooftop solar company, automotive and energy giant Tesla, slashed prices of solar panels. Such moves will accelerate the adoption of solar energy, which will boost the demand for FEP films, thereby driving the global fluorinated ethylene propylene market growth over 2019-2025.
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Fluorinated Ethylene Propylene Market is slated to experience immense growth prospects in the coming years owing to the product’s extensive use across the automotive, electronics, food & beverage, and medical industries. In the automotive sector, FEPs are widely used in compact and small-sized cars, in the tubing, bellows, and pressure hoses. The increasing shift among car buyers from sedans to more compact cars, especially in emerging economies will thus propel the growth of fluorinated ethylene propylene market.
Fluorinated ethylene propylene will continue to attract huge demand from numerous industries owing to its vast benefits. According to Global Market Insights, Inc., the fluorinated ethylene propylene market valuation is anticipated to reach $1.2 billion by 2025.
Major Point From Table Of Content:
Chapter 3Fluorinated Ethylene Propylene Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014-2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
184.108.40.206 Technology providers
3.4 Technology landscape
3.5 Pricing analysis
3.6 Regulatory landscape
3.7 Industry impact forces
3.7.1 Growth drivers
220.127.116.11 North America: Growing demand from Oil & Gas Industries
18.104.22.168 Europe: Rising usage of Fluorinated Ethylene Propylene for the manufacture of lining and parts in Automotive Industry
22.214.171.124 Asia: Growing demand from optical fiber and electrical & electronics industries
3.7.2 Industry pitfalls & challenges
126.96.36.199 Stiff competition from alternatives
3.8 Innovation & sustainability
3.9 Growth potential analysis, 2018
3.9.1 Emerging business model
188.8.131.52 New product launch
184.108.40.206 Product capacity expansion
3.10 Porter’s analysis
3.11 Competitive landscape, 2018
3.11.1 Company market share analysis, 2018
3.11.2 Strategy dashboard
3.12 PESTEL analysis
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