New York, NY, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Fluoropolymer Films Market by Type (Polyvinylidene Fluoride (PVDF), Perfluoroalkoxy Alkane (PFA), Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), and Ethylene Tetrafluoroethylene (ETFE)) and by Application (Industrial, Electrical & Electronics, Medical & Pharmaceutical, Automotive & Aerospace, Consumer Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global fluoropolymer films market was valued at USD 2.07 billion in 2018 and is expected to reach USD 3.07 billion by 2025, at a CAGR of 5.8% between 2019 and 2025.
The fluoropolymer is a semi-crystalline thermoplastic that is made up of multiple strong carbon-fluorine bonds. Fluoropolymer films have several versatile properties, such as excellent dielectric properties, chemical inertness, weather resistance, outstanding optical properties, negligible moisture absorption, and outstanding performance at extreme temperatures.
Browse through 71 Tables & 39 Figures spread over 110 Pages and in-depth TOC on “Global Fluoropolymer Films Market: By Type, Industry Size, Share, Applications, Analysis and Forecast, 2018—2025”.
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The fluoropolymer films market is expected to grow significantly in the upcoming years, owing to the rising application of fluoropolymer films in several end-user industries, such as electrical and electronics, automotive, aerospace, medical and pharmaceutical, and others. Moreover, the growing demand for fluoropolymer films by the medical packaging industry is another major factor anticipated to drive this global market’s growth. However, the high raw material cost of fluoropolymer films might hinder the fluoropolymer films market growth in the future.
The fluoropolymer films market is classified based on type and application. By type, the global fluoropolymer films market includes polyvinylidene fluoride (PVDF), perfluoroalkoxy alkane (PFA), polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and ethylene tetrafluoroethylene (ETFE). PTFE dominated and held the largest share of the fluoropolymer films market in 2017, due to its versatility, excellent electrical insulation, chemical inertness, high-temperature resistance, and low coefficient of friction. It is also widely used in manufacturing electrical and electronics, chemical processing, medical and pharmaceutical, packaging, and consumer products. By application, the global fluoropolymer films market includes industrial, electrical and electronics, medical and pharmaceutical, automotive and aerospace, consumer products, and others. The medical and pharmaceutical segment is anticipated to grow at the fastest rate in the upcoming years, owing to the rising product application of fluoropolymer films in the medical industry. The automotive and aerospace application segment is estimated to grow significantly in the upcoming years, owing to the technological advancements.
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In 2017, 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 flourishing construction industry in China, Indonesia, India, and Vietnam is further expected to boost the demand for fluoropolymer films in electronic production and solar installations.
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 the surgical equipment to make them resistant during the sterilization process. Furthermore, the rising demand for fluoropolymer films in the healthcare care industry and the evolving packaging industry are predicted to further propel the fluoropolymer films market in the future.
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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. Furthermore, the thriving aerospace industry in Europe is predicted to further propel the demand for lightweight advanced materials for aircraft structures, which, in turn, is projected to fuel the fluoropolymer films market over the estimated timeframe.
The Latin American fluoropolymer films market is projected to grow at a high rate, owing to the rising industrialization in the region. Brazil is estimated to be the major consumer of fluoropolymer films, owing to its rapidly growing automotive industry and increasing demand for various electronic products. Moreover, the region’s emerging construction industry is likely to drive the fluoropolymer films market, as fluoropolymer films are widely used in windows and doors by the construction sector.
Browse the full “Fluoropolymer Films Market by Type (Polyvinylidene Fluoride (PVDF), Perfluoroalkoxy Alkane (PFA), Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), and Ethylene Tetrafluoroethylene (ETFE)) and by Application (Industrial, Electrical & Electronics, Medical & Pharmaceutical, Automotive & Aerospace, Consumer Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/fluoropolymer-films-market
The Middle Eastern and African fluoropolymer films market is anticipated to grow substantially in the future, owing to the growing demand for television, smartphones, wearable devices, smart watches, and home appliances. Additionally, the increasing use of fluoropolymer films by the automotive industry is projected to further boost the fluoropolymer films market in the upcoming years.
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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This report segments the global fluoropolymer films market as:
Global Fluoropolymer Films Market: Type Analysis
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Fluoride (PVDF)
- Fluorinated Ethylene Propylene (FEP)
- Perfluoroalkoxy Alkane (PFA)
- Ethylene Tetrafluoroethylene (ETFE)
Global Fluoropolymer Films Market: Application Analysis
- Industrial
- Electrical and Electronics
- Medical and Pharmaceutical
- Automotive and Aerospace
- Consumer Products
- Others
Global Fluoropolymer Films Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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