Fluoropolymer Films Industry Ecosystem, Growth, Size Analysis, Opportunities, Top Manufacturers, Share, Trends, Segmentation, Regional Graph and Forecast
The fluoropolymer films market size is projected to reach USD 2.62 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. Films manufactured using several types of fluoropolymers, such as Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene Propylene (FEP), and Perfluoroalkoxy Alkane (PFA) are called fluoropolymer films. These films are known for their significant physical properties, such as high-temperature tolerance, low coefficient of friction, chemical inertness, weather/UV resistance, and negligible moisture absorption. In addition, these films have superior dielectric properties across a wide range of temperature and frequency. High-performance properties of fluoropolymer films and increasing use of fluoropolymer films in medical & pharmaceutical applications are the major drivers of the global fluoropolymer films market during the forecast period.
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Fluoropolymer films can be heat-sealed, thermoformed, metalized, laminated, and die-stamped. These films are preferred in applications where cheap plastics and metal sheets can not assure long-term reliability. The selection of appropriate films depends on the temperature requirements of the applications. The manufacturing of fluoropolymer films requires high cost due to the use of high-cost technologies, complex manufacturing process, and the high cost of fluoropolymers such as ETFE, FEP, and PFA.
The increasing demand for fluoropolymer films from various applications, such as electrical & electronics, industrial, automotive & aerospace, medical & pharmaceutical, and consumer products is expected to drive the market for fluoropolymer films, globally. The demand for fluoropolymer films is majorly increasing from the electrical & electronics application as fluoropolymer films are extensively used in the manufacturing of semiconductors, consumer electronics, and industrial electronics.
PVDF films is the fastest-growing type segment in the fluoropolymer films market. These films are used in packaging applications due to their non-toxic nature. These films have better aging resistance, remarkable fire-resistant properties, polymorphism, and piezoelectric properties which make them one of the most widely used fluoropolymer film types.
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The Asia Pacific is the fastest-growing market for fluoropolymer film, followed by North America. The high growth in the Asia Pacific region can be attributed to the rising innovation and technological advancements in electronics, chemical, automotive & aerospace and medical & pharmaceutical industries. Also, increased government support for the manufacturing of electronics and automobiles in the region is fueling the market in this region.
Key companies profiled in the fluoropolymer films market research report are The Chemours Company (US), Saint-Gobain (France), Nitto Denko (Japan), 3M (US), Daikin (Japan), Honeywell International (US), DUNMORE (US), Guarniflon (Italy), ACG Chemicals (Japan), and Textile Coated International (US).
