Future of Global Fluorinated Ethylene Propylene (FEP) Market | Demand to reach 46K MTs by 2026
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 as 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 thousa...