Fluoropolymer Additives Market Projected to Reach $1.9 Billion by 2025
SHELBYVILLE, DE — According to a new study from Global Market Insights Inc., the market for fluoropolymer additives is set to grow from its current market value of more than $1.2 billion to over $1.9 billion by 2025.
According to the report, increasing demand for lightweight thermoplastics as a substitute for metals and the increasing demand for innovative architectural coatings in infrastructure development should stimulate growth in the fluoropolymer additives market. These materials offer exceptional heat and chemical resistance, high tensile strength, and low coefficient of friction, which enhance the performance of end-use applications such as coatings, insulation wires and coaxial cables. Rising investments in buildings and construction and growth in demand for lightweight plastics in automotive are also expected to fuel market demand.