Fluoropolymer Processing Aid Market by Polymer Type (PE, PP, PVC), Application (Blown & Cast Film, Wires & Cables, Pipes & Tubes, Fibers & Raffia), and Region (Europe, North America, Asia Pacific, MEA, South America) - Global Forecast to 2028
Updated on : April 15, 2024
Fluoropolymer Processing Aid Market
The global fluoropolymer processing aid market was valued at USD 1.5 billion in 2023 and is projected to reach USD 1.7 billion in 2028, growing at 2.9% cagr from 2023 to 2028. The fluoropolymer processing aid market is driven by the increased consumption of polymers such as PP, PE, and PET in applications such as containers and packaging. It is maily used in industries such as food and beverage. The retail industry in emerging economies such as China, India, and Brazil are becoming organized. This is projected to increase the demand for packaged products and to minimize damage during the transportation.
Attractive Opportunities in the Fluoropolymer Processing Aid Market
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Fluoropolymer Processing Aid Market Dynamics
Driver: Rising demand for fluoropolymer processing aids for consumer goods and packaging industries in Asia Pacific
The Asia Pacific region has witnessed a significant increase in demand for fluoropolymer processing aid, particularly in the consumer goods and packaging industries. The region has seen a steady rise in the usage of polymers, with polyethylene being the material of choice in the building & construction, automotive, and consumer goods sectors. High-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and low-density polyethylene (LDPE) are among the most commonly used types of polyethylene.
Restraints: Implementation of stringent regulation policies for using fluoropolymer processing aids
Fluoropolymer processing aids (FPAs) are used in the plastics processing industry to improve the extrusion process and product quality. The main ingredient of FPA is a fluoroalkyl compound, which is a type of perfluoroalkyl and polyfluoroalkyl substance (PFAS). However, PFAS faces increasing scrutiny and regulatory actions due to its potentially harmful effects on human health and the environment.
Opportunities: Growing demand for plastics and composites in automobile industry
The use of fluoropolymer processing aids (FPAs) in the production of plastics for automotive parts presents a significant opportunity for market growth. Plastics have become an essential component in the manufacturing of automobiles as they reduce weight and costs, increase parts integration, and extend service life. The automotive industry uses various plastic materials, and polypropylene is the most found plastic in automobiles, which is used to create bumpers, cable insulation, and carpeting fibers.
Challenges: High costs of fluoropolymer processing aids in comparison to other processing aids
Fluoropolymer processing aids (FPAs) are specialty chemicals that enhance the processing of fluoropolymers such as polytetrafluoroethylene (PTFE), perfluoroalkoxy (PFA), and fluorinated ethylene propylene (FEP). These chemicals are added in small amounts to the polymer melt during processing. They act as lubricants, reducing friction and preventing melt fracture, improving surface finish and easier processing. However, the use of FPAs can increase the cost of the final product due to their high cost compared to other alternatives.
Fluoropolymer Processing Aid Market Ecosystem
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
“According to the polymer type, the major market share was held by Polyethylene in 2022”
The polyethylene segment had the biggest market size of USD 600,910 thousand, in terms of value in 2022. It is also anticipated to reach USD 714,277 thousand by registering a CAGR of 2.78% in the forecast period. These Polyethylene are widely used as carrier resins in additive masterbatch because of properties such ductility, tensile strength, resistance to water, flexibility, and stiffness. Polyethylene finds its usage in packaging, household, tubing, bottles, bags, etc.
“Blown & Cast Film was the largest application for fluoropolymer processing aid market in 2022, in terms of value”
In the year 2022, the blown & cast film application had the largest market share among all the other applications of fluoropolymer processing aid. The demand for fluoropolymer processing aid in this application is fueled by the increasing demand for high quality clean packaging films in the packaged food industry and food processing leading to the growth of packaging films, which in turn increases the market of blown film and cast film segment of FPA market during the forecast period.
“North America was the second largest market for fluoropolymer processing aid in 2022, in terms of value.”
North America accounted for the market size of USD 288,707 thousand in 2022 following Asia Pacific which was the largest regional market among all. It is projected to grow at a CAGR of 2.22% during the forecast period, considering the high usage of polymers in the region for packaging and other applications. Major players like 3M company and The Chemours Company also drive the growth of fluoropolymer processing aid market.
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Fluoropolymer Processing Aid Market Players
3M company (US), Solvay SA (Belgium), The Chemours Company (US), Arkema SA (France), Daikin Industries, Ltd. (Japan), Gabriel Chemie Group (Austria), Zhejiang Java Specialty Chemicals Co., Ltd (China), Shanghai Lanpoly Polymer Technology Co., Ltd. (China), Plastiblends (India) and Adplast (Portugal) are the top manufacturers of fluoropolymer processing aid market. These leading manufacturers of fluoropolymer processing aid have opted for new strategies to sustain their market position.
Fluoropolymer Processing Aid Market Report Scope
Report Metric |
Details |
Years considered for the study |
2017-2028 |
Base Year |
2022 |
Forecast period |
2023–2028 |
Units considered |
Volume (ton); Value (USD Thousands) |
Segments |
Polymer Type, Application, and Region |
Regions |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
Companies |
The key players in this market are 3M Company (US), Solvay SA (Belgium), The Chemours Company (US), Arkema (France), Daikin Industries, Ltd. (Japan), Gabriel Chemie Group (Austria), Zhejiang Java Specialty Chemicals Co., Ltd (China), Shanghai Lanpoly Polymer Technology Co., Ltd. (China), Plastiblends (India) and Adplast (Portugal). |
This report categorizes the global fluoropolymer processing aid market based on polymer type, application, and region.
On the basis of polymer type, the fluoropolymer processing aid market has been segmented as follows:
-
PE
- LDPE
- LLDPE
- HDPE
- Other PE
- PP
- PVC
- Other
On the basis of application, the fluoropolymer processing aid market has been segmented as follows:
- Blown & Cast Films
- Wires & Cables
- Pipes & Tubes
- Fibers & Raffia
- Others
On the basis of region, the fluoropolymer processing aid market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Frequently Asked Questions (FAQ):
What is the expected growth rate of fluoropolymer processing aid market?
The forecast period for fluoropolymer processing aid market in this study is 2023-2028. The fluoropolymer processing aid market is expected to grow at CAGR of 2.88%, in terms of value, during the forecast period.
Who are the major key players in fluoropolymer processing aid market?
3M company (US), Solvay SA (Belgium), The Chemours Company (US), Arkema SA (France), Daikin Industries, Ltd. (Japan), Gabriel Chemie Group (Austria), Zhejiang Java Specialty Chemicals Co., Ltd (China), Shanghai Lanpoly Polymer Technology Co., Ltd. (China), Plastiblends (India) and Adplast (Portugal)are the leading manufacturers of fluoropolymer processing aid.
Who are the major regulations the fluoropolymer processing aid market in various countries?
EPA- It was established to regulate the manufacture, processing, distribution, and use of chemicals and other pollutants. FDA- It is responsible for regulating the safety of chemicals used in food packaging, including fluoropolymer processing aids, ensuring that the food packaging materials do not pose any health risks to consumers.
What are the drivers and opportunities for the fluoropolymer processing aid market?
The increased consumption of plastics by the rising population, and the growing demand for polymers from packaging application is driving the market during the forecast period. Growing usage of fluoropolymer processing aid for plastics and composites acts as an opportunity during the forecast period.
Which are the key technology trends prevailing in the fluoropolymer processing aid market?
DuPont's patented GenX technology has been developed as a sustainable solution for manufacturing high-performance fluoropolymers without the use of perfluorooctanoic acid (PFOA), a harmful chemical that has been linked to adverse health effects. The GenX technology package includes exposure control technologies with state-of-the-art efficiencies, extremely low or non-detectable residual processing aid content in finished polymers and end-use articles, and a new processing aid with a favorable toxicological profile and very rapid bioelimination. .
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The study involved four major activities to estimate the market size for fluoropolymer processing aid market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The fluoropolymer processing aid market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the fluoropolymer processing aid market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the fluoropolymer processing aid industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using fluoropolymer processing aid were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of fluoropolymer processing aid and outlook of their business which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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Company Name |
Designation |
3M Company |
Individual Industry Expert |
Solvay SA |
Sales Manager |
Arkema |
Director |
The Chemours Company |
Marketing Manager |
Daikin Industries, Ltd. |
R&D Manager |
|
|
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the fluoropolymer processing aid market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Fluoropolymer Processing Aid Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Fluoropolymer Processing Aid Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
According to the book named as “Additives for Polyolefins- Getting the Most Out of Polypropylene, Polyethylene and TPO " by Michael Tolinski, “Fluoropolymer polymer processing aids (PPAs) are commonly used to create smooth die surfaces, reducing melt fracture and die buildup. Like other processing aids, they also often increase throughput, reduce operating pressures, improve film clarity and surface finish (gloss), and in some cases, allow faster color changeovers. Fluoropolymer PPAs are immiscible in polyolefins and tend to build up on metal die surfaces, where they form a slippery coating extending from the die entrance to the die exit. This increases the flow stability of the melted resin, which flows easily against the Teflon-like coating. These aids also prevent oxidized molecules from accumulating on the die wall and then being released into the melt as gels”. Fluoropolymer processing aids (FPAs) are commonly used in food packaging applications through the manufacture of blown & cast films. They improve the processability of the polymers used to create the films, resulting in better product quality and reduced production costs. In wire & cable applications, FPAs improve the extrusion process and reduce friction, leading to smoother and more consistent products. In pipe & tube applications, FPAs improve lubrication and reduce the likelihood of surface defects. In fibers & raffia applications, FPAs improve processability and reduce melt fracture, resulting in higher-quality products
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To define, describe, and forecast the size of the fluoropolymer processing aid market, in terms of value and volume
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on form, polymer, application, and region
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
- To strategically profile key market players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Fluoropolymer Processing Aid Market