Sarasota, FL -- (SBWIRE) -- 04/19/2019 -- Global Fluoropolymer Films Market: Overview
Fluoropolymers are semi-crystalline thermoplastics that are made of strong multiple carbon-fluorine bonds. The fluoropolymer films are versatile in nature, such as chemical inertness, excellent dielectric properties, weather resistance, negligible moisture absorption, outstanding optical properties, and outstanding performance at extreme temperatures. The growing demand and popularity of the fluoropolymer films market can be attributed to the extensive product usage by various industries, such as industrial equipment, construction, solar photovoltaic (PV) module, chemical processing, automotive and transportation, etc.
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Global Fluoropolymer Films Market: Growth Factors
The main growth driver of the global fluoropolymer films market in the upcoming years would be the growing application of fluoropolymer films across different end-user industries, such as automotive, medical and pharmaceutical, electrical and electronics, aerospace, and others. Furthermore, the rising demand for fluoropolymer films in the medical packaging industry is also majorly anticipated to drive this global market's growth. Moreover, the technological advancements witnessed across a wide range of sectors that use fluoropolymer films are further projected to offer lucrative opportunities to the players operating in the global fluoropolymer films market in the upcoming years.
However, the high costs of raw material that are utilized to make fluoropolymer films may prove to be a hindrance in the fluoropolymer films market growth over the estimated timeline.
Global Fluoropolymer Films Market: Segmentation
The fluoropolymer films market is classified on the basis of type and application. Based on type, the fluoropolymer films market is divided into polyvinylidene fluoride (PVDF), perfluoroalkoxy alkane (PFA), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and ethylene tetrafluoroethylene (ETFE). PTFE dominated the fluoropolymer films market globally in 2018, due to its excellent electrical insulation, versatility, high-temperature resistance, low coefficient of friction, and chemical inertness. It is also widely used in manufacturing electrical and electronics, chemical processing, medical and pharmaceutical, packaging, and consumer products. On the basis of application, the fluoropolymer films market includes electrical and electronics, industrial, medical and pharmaceutical, consumer products, automotive and aerospace, and others. The medical and pharmaceutical sector is anticipated to show the fastest growth rate in the years ahead.
Global Fluoropolymer Films Market: Regional Analysis
By region, the global fluoropolymer films market is divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The Asia Pacific is the largest contributing region for the global fluoropolymer films market and is expected to continue its regional dominance in the future. In 2018, the Asia Pacific region dominated the global fluoropolymer films market, owing to the emerging automotive, packaging, and electrical and electronics industries. China contributed a major share to the global market. South Korea, Japan, and India are estimated to offer lucrative opportunities in the upcoming years. The European fluoropolymer films industry is expected to grow gradually in the future, owing to the rising demand for miniaturized electronic devices, such as wireless speakers and smartphones. The North American fluoropolymer films market is expected to grow significantly over the forecast time period, owing to the emerging pharmaceutical industry. Fluoropolymer films are used in surgical equipment to make them resistant during the sterilization process.
Global Fluoropolymer Films Market: Competitive Players
Some key manufacturers of the global fluoropolymer films market are Daikin Industries, Ltd., DuPont, Dyneon GmbH, AGC Chemicals Europe, Ltd., 3M, Solvay Solexis, Honeywell International Inc., Shanghai 3F, Gujarat Fluorochemicals Ltd., Fuxin Hengtong, Zhonghao Chenguang Research Institute of Chemical Industry, and Jinan 3F Fluoro-Chemical Co., Ltd., among others.
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Global Fluoropolymer Films Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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