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Fluoropolymer Films Market worth 2.62 Billion USD by 2022 | Key Players include The Chemours Company, Saint-Gobain, Nitto Denko, 3M, Daikin, Honeywell International, DUNMORE, Guarniflon, ACG Chemicals, and Textile Coated International
Fluoropolymer Films Market, fep adhesive film, Fluoropolymer Films, fep films
Browse 140 tables and 47 figures spread through 154 pages and in-depth TOC on "Fluoropolymer Films Market - Global Forecast to 2022"
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The market is driven by the rising demand for fluoropolymer films from various applications, such as electrical & electronics, industrial, automotive & aerospace, and medical & pharmaceutical, for the manufacturing of semiconductors, electronic displays, wire & cables, release liners, laminates, and composite moldings.
The fluoropolymer films market size is projected to reach USD 2.62 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. Films manufactured using several types of fluoropolymers, such as Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Ethylene Tetrafluoroethylene (ETFE), Fluorinated Ethylene Propylene (FEP), and Perfluoroalkoxy Alkane (PFA) are called fluoropolymer films. These films are known for their significant physical properties, such as high-temperature tolerance, low coefficient of friction, chemical inertness, weather/UV resistance, and negligible moisture absorption. In addition, these films have superior dielectric properties across a wide range of temperature and frequency. High-performance properties of fluoropolymer films and increasing use of fluoropolymer films in medical & pharmaceutical applications are the major drivers of the global fluoropolymer films market during the forecast period.
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Fluoropolymer film is a base material with significant physical properties, such as high-temperature tolerance, low coefficient of friction, chemical inertness, weather/UV resistance, and negligible moisture absorption. These films also have excellent optical and dielectric properties. Its unique capabilities make it preferable across applications, such as electrical & electronics, medical & pharmaceuticals, automotive & aerospace, and industrial. These films can be heat-sealed, metalized, laminated, thermoformed, welded, and die-stamped. These films have superior dielectric properties across a wide temperature and frequency range.
Expansions, acquisitions, new product developments, and partnerships were key strategies adopted by major players to achieve growth in the global fluoropolymer films market between 2015 and 2017. Major players in the fluoropolymer films market are The Chemours Company (US), Saint-Gobain (France), Nitto Denko (Japan), 3M (US), Daikin (Japan), Honeywell International (US), DUNMORE (US), Guarniflon (Italy), ACG Chemicals (Japan), and Textile Coated International (US).
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Daikin adopted expansions and acquisitions as its major strategies to increase its presence in the market and to cater the increasing demand for fluoropolymer films products. In August 2017, Daikin established a new subsidiary, DAIKIN CHEMICAL SOUTHEAST ASIA in Thailand to increase the sales of fluoropolymer and fluoroelastomer products to the automotive industry. With this expansion, the company aims to expand its fluorochemical business in the Southeast Asian market. In the same year, Daikin planned to acquire Heroflon (Italy), a manufacturer of high-performance fluoropolymer compounds and micro-powders focusing on PTFE. With this acquisition, the company expects to enter the compound business for fluoropolymers and utilize its global network to expand sales of Heroflon’s products.
The Chemours Company adopted expansions as its major strategy to strengthen its R&D capacities. In February 2017, The Chemours Company in partnership with the University of Delaware conducted a groundbreaking ceremony to build a new state-of-the-art research and innovation facility at the University of Delaware's Science, Technology and Advanced Research (STAR) Campus. The state-of-the-art facility will be named as The Chemours Discovery Hub. The company plans to invest USD 150 million for this expansion and expects to conduct research focused on new process, product, and application development at this facility.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com
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