Press release
Growth of Fluoropolymer Films Market Forecast to 2024 in a Newly Released Report Profiling 3M Company, Polyflon Technology Limited, Kureha Corp., DAIKIN Industries Ltd., DUNMORE Corp., Saint-Gobain S.A., SKC Corp., Asahi Glass
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Rising popularity of fluoropolymer films as a substitute for glass photovoltaic (PV) modules shall boost the market during the forecast timespan. International Renewable Energy Agency (IRENA) stated that solar energy shall power above 13% of global electricity demand by 2030, rising from its 2% share in 2016. As a result, the surge in PV modules market will drive the demand of fluoropolymer films in the coming years.
Fluorine-based organic polymer films industry is expected to witness significant requirement in various other end-use sectors including: construction, transportation, industrial processing, etc. in the future years. Growing awareness of the unique characteristics of fluoropolymer films such as chemical inertness, UV resistance, dielectric properties, frictional resistance, etc. will expand their applicability by 2024.
Medical sector shall hold robust demand for fluorine-based organic polymer films in the near future. The product will observe high applicability in accordance to the upgrading drug delivery measures including: stoppers, plunger laminates, cap-liners as well as other advanced drug containers, during the forecast period. Market will be flourished by the cumulative healthcare investments by various countries in order to match safety needs demanded by a growing populace.
Global fluoropolymer films market might face some restraining factors in the next 5-7 years. For instance, their key raw materials which are the fluoropolymers, involve high pricing. Complex manufacturing procedures and uncertainties amongst the consumers regarding the fluorinated pollutants could affect market growth negatively.
PTFE films led the overall fluoropolymer films industry in 2016 with more than 50% market share. The massive share was ascribed to vast availability and the low pricing of PTFE resin. These films are expected to have strong prospects by 2024 in packaging applications for their usage as release films, supported by their low frictional coefficient, high chemical, thermal & electrical resistance.
By 2024, the PVDF films shall witness significant rise with probable gains exceeding CAGR 5%. PVDF films will have sturdy growth in industrial processing, electrical & electronics, etc. for their suitability in the respective application areas such as: thermoformed pump diaphragms, piezoelectric films and in tank linings.
Europe contributed about 20% share in fluorine-based organic polymer films industry in 2016. Europe is projected to have sluggish growth by 2024 for the matured market status. Asia Pacific is certain to hold highest share in the coming years. Upward growth aspects of construction sector in Asia Pacific, cheaper pricing involved in the product manufacturing and strong solar capacity with Japan (42.8 GW) and China (78.1 GW) are some factors that present promising gains for fluoropolymer films market.
Key manufacturers are: The Chemours Company, The 3M Company, Polyflon Technology Limited, Kureha Corp., DAIKIN Industries Ltd., DUNMORE Corp., Saint-Gobain S.A., SKC Corp., Asahi Glass, etc. Most of the industry manufacturers are engaged in strengthening the geographical reach by consistent expansion initiatives.
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Fluoropolymer films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2013 to 2024, for the following segments:
Fluoropolymer Films Market Of Polymer By End-user
o PVDF (Polyvinylidenefluoride)
Construction
Transportation
Electrical & electronics
Industrial processing
Others
o FEP (fluorinated ethylene propylene)
Construction
Transportation
Electrical & electronics
Industrial processing
Others
o PTFE (polytetrafluoroethylene)
Construction
Transportation
Electrical & electronics
Industrial processing
Others
o PFA (perfluoroalkoxy alkane)
Construction
Transportation
Electrical & electronics
Industrial processing
Others
o Others
Construction
Transportation
Electrical & electronics
Industrial processing
Others
Fluoropolymer Films Market By End-user
o Construction
o Transportation
o Electrical & electronics
o Industrial processing
o Others
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The above information is provided on a regional and country basis for the following:
North America
U.S.
Europe
U.K.
Asia Pacific
China
Middle East and Africa
Some of the Major Highlights of TOC coveres:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Fluoropolymer Films Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Fluoropolymer Films Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
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