| The report “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″, size is estimated as USD 1.5 billion in 2023 and is projected to reach USD 1.7 billion in 2028 at a CAGR of 2.9%. The fluoropolymer processing aid market is mainly driven by the increasing demand for polymers in different areas such as food packaging, pharmaceutical applications, industrial packaging, etc. This market also driven by rising plastic usage in the emerging countries. This fluoropolymer processing aid helps in enhancing the process ability of the polymers making it efficient at a reasonable price.
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Some of the prominent key players 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) · Adplast (Portugal) 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. “Polypropylene is projected to be the fastest growing polymer in fluoropolymer processing aid market, in terms of value”
Polypropylene (PP) is projected to register high growth rate of 3.01% during the forecast period of 2023 – 2028. Considering its lower cost and ease of manufacturing, polypropylene segment can be used in many applications such as automotive, packaging, consumer goods. It is manufactured by making use of sheet (or) film extrusion, blow molding, injection molding. PP is also expected to see growth in demand, primarily from the healthcare and packaging industries, thereby driving the fluoropolymer processing aid market.
“Asia Pacific is expected to be the largest regional segment for fluoropolymer processing aid during the forecast period, in terms of value.”
Asia Pacific region accounts for the highest market share of 55.6% in 2022 and is projected to grow at a rate of 3.51% during the forecast period. The fluoropolymer processing aid market is being driven by escalating use of polymers across different end use industries including construction, automotive, packaging. China accounts for the largest market share for fluoropolymer processing aid in the Asia Pacific region.
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