The latest research study “Fluoropolymer Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global fluoropolymer films market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Fluoropolymer films represent fluorine and carbon-based polymers obtained by cast film extrusion. They are high-performance polymers used in extreme temperature applications and excessive chemical conditions. These polymers are manufactured using fluoropolymer compounds and resins, which are composed of monomers, including propane, vinyl fluoride, and tetrafluoroethylene. They exhibit a low friction coefficient and superior transparency, weather resistance, and dielectric and cryogenic properties. Consequently, these polymers find wide applications across the automotive, medical, electrical, and electronics sectors.
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Fluoropolymer Films Market Trends and Drivers:
The growing construction sector across the globe and the inflating utilization of the product as a coating material in textile architecture, windows, and doors for safety and security purposes are primarily augmenting the fluoropolymer films market. Furthermore, the escalating demand for these polymers, on account of their unique non-adhesive and low friction properties, and the increasing consumer inclination toward aesthetically pleasing designs are also bolstering the market growth. Apart from this, the introduction of green fluoropolymer films, owing to the growing environmental consciousness and the elevating need for eco-friendly items, is positively influencing the global market. Moreover, the widespread adoption of polyvinylidene fluoride (PVDF), a highly non-reactive thermoplastic used as a standard binding material in the production of composite electrodes for lithium-ion batteries, is further catalyzing the market growth. Besides this, the rising product usage in the automotive and aerospace sectors, as it provides a significantly longer shelf life for critical components utilized in emission control, safety, and performance enhancement, is acting as another significant growth-inducing factor. Additionally, the launch of numerous government initiatives supporting infrastructural development is also driving the global market. In addition to this, extensive research and development (R&D) activities, widespread adoption of these polymers in the medical sector, and the escalating requirement for lightweight films are expected to drive the fluoropolymer films market in the coming years.
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Fluoropolymer Films Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- AGC Inc.
- American Durafilm Co. Inc.
- Arkema S.A.
- Compagnie de Saint-Gobain S.A.
- Daikin Industries Ltd.
- DuPont de Nemours Inc.
- Honeywell International Inc.
- Nitto Denko Corporation
- Solvay S.A. and The Chemours Company.
The report has segmented the market on the basis of type, application and end use industry.
Breakup by Type:
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Fluoride (PVDF)
- Fluorinated Ethylene-Propylene (FEP)
- Polyethylene Tetrafluoroethylene (PETFE)
- Polychlorotrifluoroethylene (PCTFE)
- Polyvinyl Fluoride (PVF)
- Others
Breakup by Application:
- Barrier Films
- Decorative
- Microporous
- Safety and Security Films
- Others
Breakup by End Use Industry:
- Automotive
- Construction
- Electrical and Electronics
- Packaging
- Personal Care
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.