May 14, 2020
According to the research report titled ‘Fluoropolymer Films Market Size By Polymer, By End-user, Industry Analysis Report, Regional Outlook, End-user Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global fluoropolymer films market is projected to expand substantially during 2020-2026.
Increasing inclination towards fluoropolymer films in high revenue industries such as electronics, construction and medical is a major factor driving the market growth. The product offers superior performance features including optical transparency, weather resistance, moisture resistance, electrical & chemical resistance, heat resistance, non-stickiness and non-flammability. Rising adoption of fluoropolymer films in production processes and in components is further fueling the market size.
The product is also used in applications such as hot melt adhesives, microphone electret membranes, anti-corrosive linings, automotive airbag systems, cable insulation, fuel hose permeation barrier, pharmaceutical cap liners, composite part mold release, anti-graffiti coverings and hot melt adhesives.
As per polymer type, polychlorotrifluoroethylene (PCTFE) films market segment is expected to register a 4.1% CAGR through 2026. The product is available in homopolymer and copolymer configurations which allows PCTFE films to be laminated, heat sealed, and thermoformed. PCTFE films are widely adopted in semiconductor industries owing to their gas barrier characteristics. They are also used as moisture protective film or coating during pharmaceutical blister packaging applications.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/980144/
Meanwhile, ethylene tetrafluoroethylene (ETFE) market segment is set to record a y-o-y growth rate of 4.4% between 2020 and 2026. The product is a fluorine-based plastic comprising of properties such as corrosion resistance, high tensile strength and thermal stability. ETFE films are used in numerous applications such as architectural facades, aerospace, chemical and automotive processing.
Global fluoropolymer films market share from electrical & electronics industry is predicted to witness lucrative growth during the study period. Fluoropolymer films including PVDF and FEB are widely used in dielectric insulation, electronic display, wires & cables and semiconductor encapsulation applications in the electronics industry.
Further elaborating on the end-user landscape, medical & healthcare industry is reckoned to showcase remunerative growth in the forthcoming years. Fluoropolymer films provide increased flexibility, biocompatibility, thermal stability, lower coefficient of friction and better chemical inertness, favoring product adoption in healthcare & medical sector.
As per the regional scope, Latin America fluoropolymer films industry is predicted to acquire noticeable returns by 2026. Growing inclination towards decorative films for automotive exteriors is swaying the business dynamics in the region.
Alternatively, fluoropolymer films market in Middle East & Africa is expected to grow with a CAGR of 4.5% through 2026, primarily due to surging demand for advanced thermoplastics in healthcare and construction sectors.
Solvay S.A., Rogers Corp., SKC Corp., Dunmore Corp., Fluortek AB, Polyflon Technology Ltd., AGC Inc., Honeywell Corp., Saint-Gobain S.A., Kureha Corp., Arkema Group, Daikin Industries Ltd., The Chemours Co. and 3M are the major participants in fluoropolymer films market.