The fluoropolymer masterbatch market is anticipated to register exponential growth by 2027 on account of the booming wires & cables industry worldwide.

Fluoropolymer additives are widely used in coatings, inks, and lubricants across several industry verticals, such as automotive, wires & cables, medical devices, and chemical pumps & valve linings. Fluoropolymer coatings offer multiple advantages, including low friction, resistance to chemicals, high thermal stability, non-stick, abrasion resistance, and the ability to extend product life, among others. Surging product demand in the polymer processing sector has propelled market uptake significantly in recent years.

To monetize emerging trends in the market, industry players are implementing various strategic initiatives, which has positively impacted the overall market landscape. For instance, in September 2020, Americhem, a prominent designer and manufacturer of functional additives, custom color masterbatch, and engineered compounds, announced the acquisition of Controlled Polymers, a leading producer of masterbatch and customized compounds for the medical industry.

The deal enabled the integration of Controlled Polymer’s products with Americhem Engineered Compounds, broadening Americhem’s product portfolio for the medical devices and healthcare plastics sector. It also facilitated the expansion of Americhem’s business globally by leveraging Controlled Polymer’s robust market presence and expertise.

The fluoropolymer masterbatch market has been bifurcated based on application, resin, type, and region. With respect to resin, the market has further been divided into FEP, PVDF, PFA/MFA, PTFE, ECTFE/ETFE, and others.

The PFA/MFA sub-segment is projected to exhibit sturdy growth, progressing at a CAGR of more than 3% over the study timeframe. Moreover, superior chemical resistance of the resin is likely to fuel product demand in the production of wires & cables in the coming years.

From the perspective of type, the market has been segmented into color, white, black, and additive. The fluoropolymer masterbatch market from the color sub-segment is estimated to account for a substantial share of the overall market by the end of 2027. Extensive utilization of colorants & additives in the plastic processing sector is set to boost segmental expansion over the forecast period.

In terms of application, the fluoropolymer masterbatch market has been classified into tubing, wires & cables, injection molded parts, films, and others. The tubing sub-segment is expected to attain a share of around 8% in the market by 2027. Increasing demand for plastic pipes & tubing across various end-users is set to bolster product penetration in this segment.

From the regional point of view, the Latin America fluoropolymer masterbatch market is foreseen to grow at a lower rate in the global industry through 2027. The region’s high dependency on the import of plastic parts and wires & cables is likely to hinder regional market growth in the future.