Polyfluoroalkoxy Plastic Market Definition
Polyfluoroalkoxy plastics are a diverse group of chemicals used in hundreds of products that are used daily. They are widely used to make fluoropolymer coatings for products to make them heat, stain, oil, and water resistant. Polyfluoroalkoxy plastics are crucial in producing nylon, packaging, cosmetics, feminine hygiene products, carpets, paint, adhesives, furniture finishes, and electronics such as mobile phone screens and Teflon. These compounds also have applications in firefighting, used in firefighting foam and electrical wire insulation.
Structure
The global polyfluoroalkoxy plastic market is segmented by type into pellets, powder, and aqueous dispersion. The market is divided by application into pipe and parts, seals and wear parts, wire and cable, semiconductors, and others. Major players in the market include Chemours, Daikin, Honeywell, Solvay, AGC, 3M, Zhejiang Juhua, Dongyue Group, and Haohua Technology.
Additional Information
The polyfluoroalkoxy plastic market is growing substantially due to growth in the cosmetics, personal products, electronics, and packaging sectors. The rise of e-commerce has also had a notable impact on the market. The cosmetics industry, in particular, is driving growth in the market, with polyfluoroalkoxy plastic seeing widespread adoption in lipstick, eyeliner, mascara, foundation, concealer, lip balm, blush, and nail polishes. However, the potential health risks of these plastics are restricting growth in the market, with their use regulated internationally since 2009 through the Stockholm Convention on Persistent Organic Pollutants. Some polyfluoroalkoxy plastics have been classified as carcinogenic and endocrine disruptors. However, technological innovations in the space are major opportunities for businesses.