Press release
Fluoropolymer Films Market is expected to register high CAGR during the forecast period (2018 to 2023)| Major Vendors - AFTON PLASTICS, HONEYWELL INTERNATIONAL INC., ASAHI GLASS CO. LTD, PARKER HANNIFIN CORPORATION, SAINT-GOBAIN amongst others.
Market Analysis:Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for fluoropolymer films, owing to the increasing construction activities, electronic production, and solar installations in the region. Besides Asia-Pacific, demand in North America is likely to be driven by the increase in automotive production.
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The films made up of fluoropolymer hold unique properties, such as excellent mechanical properties, weathering resistance, and inertness toward staining agents, solvents & chemicals. Such characteristics of fluoropolymer films make them suitable for application in industries, such as construction, industrial equipment, chemical processing, solar photovoltaic (PV) module, automotive & transportation, etc. With the increasing concerns related to energy security and environment, demand for renewable energy has been increasing. Various countries have been continuously taking initiatives, offering favorable policies and programs to increase the share of renewables in their energy portfolio. The solar PV market has been witnessing a strong growth due to these factors, because of which the production of PV modules has been increasing substantially.
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Market Segments:
Fluoropolymer Films Market is segmented by:
1. Type: PTFE, PVDF, FEP, ETFE, PCTFE, PVF, Others
2. Application: Automotive & Transportation, Electrical & Electronics, Chemical Processing, Building & Construction, Industrial Equipment, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• April 2017: Arkema increased its fluoropolymer production capacity in China by 25%.
• August 2017: The Dow Chemical Company and E.I. du Pont de Nemours & Company announced the successful completion of the merger into DowDuPont Inc.
• October 2017: Honeywell Aclar planned to increase its production capacity for films to meet increasing global demand.
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