Global Market for Fluorinated Ethylene Propylene (FEP) is Projected to reach 46K MTs, valued at $1.2B by 2026 – Market Research Report (2022-2027) by Industry Experts, Inc.
Tuesday 22 Mar 2022
Industry Experts, Inc. published an updated 2022 version of the market research report on Fluorinated Ethylene Propylene (FEP). The global market report entitled "Fluorinated Ethylene Propylene (FEP) – A Global Market Overview" reveals that Asia-Pacific emerged the largest market for FEP with an estimated consumption share of 44% in 2021 closely followed by North America with 41%.
The impact of COVID-19 pandemic on Fluorinated Ethylene Propylene (FEP) demand differed in intensity depending on their end-use application and region. Sharpest decline was evident in FEP demand for automotive & transportation followed by chemical processing and industrial/mechanical applications. On the other hand, impact on demand for FEP in electrical & electronics applications was nominal in 2020.
Automotive industry came under massive pressure in the first half of 2020 as a result of the COVID-19 pandemic across the globe. This resulted in a decline of 13.2% in 2020 to 2.6 thousand metric tons, from 3 thousand metric tons in 2019. While automotive sector leads growth with 2021-2026 CAGR of 5.8%, Electrical & Electronics is the largest consumer of FEP with and estimated share of 63% in 2021.
The market for FEP end-use sectors examines in this study comprises Automotive & Transportation, Electrical & Electronics, Chemical Processing, Industrial/Mechanical and Others.
The report reviews, analyzes and projects the FEP market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of market volume in metric tons and value in USD. The regional markets further analyzed for 17 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, the Netherlands, Russia, Spain, and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea, Taiwan, and Thailand; and South America – Brazil.
This 230 page global Fluorinated Ethylene Propylene (FEP) market report includes 171 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 9 key global players and 19 major players across North America – 3; Europe – 3; and Asia-Pacific – 13. The research report also provides the listing of the companies engaged in manufacturing, processing, and compounding of FEP. The global list of companies covers the address, contact numbers and the website addresses of 188 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/fluorinated-ethylene-propylene-fep-a-global-market-overview