Fluoropolymer Films Market to Exceed Valuation of USD 2.22 Billion by 2028
The global fluoropolymer films market size is expected to reach USD 2.22 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Key factors such as rising demand for consumer electronics and increasing use of fluoropolymer films in construction sector are some of the major factors driving market revenue growth.
Fluoropolymer is semi-crystalline compound compressed of fluorine and carbon molecules. It is widely used in various end-use industries such as electrical & electronics, industrial, medical & pharmaceutical, automotive & aerospace, consumer products, food & beverage, construction, and oil & gas. Electrical & electronics segment accounted for major revenue share in the global market in 2020. Increasing use of fluoropolymer films in the manufacture of semiconductors, batteries, solar glazing, and others is a major factor driving revenue growth of this segment.
North America market accounted for second-largest revenue share in the global market in 2020. Factors such as rapid advancements in construction sector, and increasing application of fluoropolymer films in electronics industries are key factors driving market revenue growth in this region.
Asia Pacific market accounted for a 32.8% revenue share in the global market in 2020 and is expected to register fastest CAGR than other regional markets over the forecast period. This can be attributed to rapid industrialization, and fast-paced development of automotive sector.
Europe market accounted for a significantly large revenue share in the global market in 2020 and is expected to register a substantially high revenue CAGR over the forecast period. Increasing demand for consumer electronics products, and need for fluoropolymer films for production of semiconductors and electronics are some of the key factors driving market revenue growth in this region.
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Some Key Highlights From the Report:
- In March 2021, AGC Chemicals Americas launched Fluon+ EM-20010 compounds composed of ethylene and tetrafluoroethylene (ETFE). It helps to prevent growth of viruses and bacteria and is designed for extruded film applications such as coverings for high-touch surfaces at hospitals, schools, office buildings, entertainment venues, restaurants, and hotels.
- Polytetrafluoroethylene segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing application of polytetrafluoroethylene in manufacturing of electronics and electrical cables due to its various advantages such as cost-effectiveness, toughness, and non-flammable nature.
- Companies profiled in the global market report include The Chemours Company, Saint-Gobain, 3M, Nitto Denko, Daikin, Honeywell International, DUNMORE, Guarniflon, AGC Chemicals, and Textiles Coated International.
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For the purpose of this report, Reports and Data has segmented the fluoropolymer films market based on type, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Polytetrafluoroethylene (PTFE) Films
- Polyvinylidene Fluoride (PVDF) Films
- Fluorinated Ethylene Propylene (FEP) Films
- Perfluoroalkoxy Polymer (PFA) Films
- Ethylene Tetrafluoroethylene (ETFE) Films
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Electrical & Electronics
- Industrial
- Medical & Pharmaceutical
- Automotive & Aerospace
- Consumer Products
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Israel
- Rest of MEA
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