Newark, Feb. 22, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 565.12 Million in 2023 fluoropolymer masterbatch market will reach USD 913.53 Million by 2033. The increased usage of polymers in wire and cable jacketing, together with the wire and cable industry's expansion, are shaping the market outlook. Fluoropolymer masterbatches are becoming more and more in demand for the production of wires and cables for electronics and electrical applications, such as consumer electronics and batteries, because of their better thermal and electrical properties. Furthermore, because they have the lowest loss compared to plastics, fluoropolymers, such as PTFE, are widely used in coaxial cable, robot wire, and insulation materials.
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Key Insight of the Fluoropolymer Masterbatch Market
North America is anticipated to expand at the highest CAGR of 6.29% over the projection period.
North America is expected to grow at the highest CAGR of 6.29% over the forecast period. It is fueled by the growing demand for plastic products and consumer electronics in the area. Furthermore, the United States ranks among the top exporters of basic plastics.
The PVDF segment is expected to register the highest CAGR of 7.62% over the projected period in the fluoropolymer masterbatch market.
The PVDF segment is anticipated to grow at the highest CAGR of 7.62% in the fluoropolymer masterbatch market. It is because of its low heat conductivity, flexibility, and lightweight that it is used as insulation on electric cables. PVDF is also more widely used because of its strong tensile strength, excellent abrasion resistance, and piezoelectric qualities.
Over the projected period, the white segment is expected to register the highest CAGR of 7.83% in the fluoropolymer masterbatch market.
Over the forecasted period, the white segment is anticipated to grow at the highest CAGR of 7.83% in the fluoropolymer masterbatch market. It is because wire coating is widely used in huge electronics. Nevertheless, coating and lamination are two uses for these masterbatches. They also function as a UV shield and have excellent thermal stability under processing conditions, which promotes segment extension.
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Market Dynamics
Driver: Growing demand for high-performance plastics
In the near future, it is anticipated that the fluoropolymer masterbatch market will continue to expand steadily. The growing need for high-performance polymers is driving the market for these masterbatches. Since fluoropolymer masterbatch is utilised in many car parts to increase performance and durability, it is especially in demand in the automotive industry. Furthermore, the automotive sector's increasing emphasis on reducing carbon emissions and improving fuel efficiency is increasing the need for lightweight materials, which in turn fuels the growth of the market for fluoropolymer additives.
Opportunity: Increasing adoption in multiple applications
There is an exciting future for the fluoropolymer masterbatch business. The market is developing as a result of the increased demand in numerous end-use sectors for high-performance polymers with remarkable features. Because of its unique features—such as excellent electrical properties, low surface energy, excellent chemical resistance, and thermal stability—fluoropolymers are seeing an increase in use in a wide range of applications. The expanding restrictions on the use of plastic and the need for environmental sustainability are also driving the market for fluoropolymer masterbatch, which can substitute traditional plastic additives.
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Some of the major players operating in the fluoropolymer masterbatch market are:
• Americhem
• Ampacet Corporation
• Avient Corporation
• RTP Company
• Avi Additives Pvt. Ltd.
• SARVAN CARBOCHEM LLP
• Dainichiseika Color & Chemicals Mfg. Co. Ltd.
Key Segments cover in the market:
By Resin:
• ETFE
• FEP
• PTFE
• PVDF
• PFA
• Others
By Type:
• White
• Additive
• Color
• Black
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Million). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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