PUBLISHER: Industry Experts | PRODUCT CODE: 1066292
PUBLISHER: Industry Experts | PRODUCT CODE: 1066292
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 minimum 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.
Major end-use sectors market of FEP examined in this report includes the following:
The report reviews, analyzes and projects the global FEP market for the period 2017-2026 in terms of market volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2021 through 2026 with a special focus on pandemic impact during 2019-2020