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Fluoropolymer Film Market Analysis, Price trends & Forecast 2024
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Global Fluoropolymer Film Market size is anticipated to expand at a significant growth rate during the forecast period. The growth is attributed to its consumption in numerous industries like personal care products, automobiles, packaging, electrical & electronics, and construction.
The major application of fluoropolymer films is in packaging industry owing to its chemical resistant properties, and tensile & durable packaging offered by it. As per “The Association for Packaging and Processing Technologies”, flexible packaging industry of the U.S. was USD 31.1 billion in 2014 and had registered a CAGR of 3.8% from 2004 to 2014.
Flexible packaging is essential in food & beverage industry specially for ready to eat meals, and frozen foods. According to “The Association for Packaging and Processing Technologies”, food packaging market in the U.S. is forecast to witness CAGR of 2.9% between 2016 and 2022.
Fluoropolymer films are used significantly in construction sector on doors and windows for safety and security application. Furthermore, these films possess the properties of temperature control, light control, excellent aesthetic appearance and protection from UV rays.
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These films are used in vehicles for tinting windows, and in some regions, it is mandatory to tint the window as per the government regulations. The surge in upper class segment population and rising income levels has given a boost to automobile demand. Further, the market for high end luxurious cars is at its peak as it delivers a status symbol for its users.
Key manufacturers in fluoropolymer film market are The 3M Company, Sealed Air Corporation, Eastman Chemical Company, Honeywell International, Inc., Evonik Industries, Bemis Company Inc., Bayer AG, E. I. du Pont de Nemours, The Dow Chemical Company.
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