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Fluoropolymer are fluorine and carbon based polymer obtained by cast film extrusion. Fluoropolymers obtained in form of sheets & films are called as fluoropolymers films. Properties such as high chemical & temperature resistance, and mechanical strength makes it high-performance plastic materials. Fluoropolymers films have increasing demand in the market due to many applications as cable insulation, anticorrosive linings, erasable surface & coverings, photovoltaic cell glazing, pharmaceutical cap liners, and many others making it a highly used polymer in the automotive & transportation, electrical & electronics, and medical end use industries.
On the basis of type, Fluoropolymer films market is segmented into polytetrafluoroethylene films, poly vinylidene fluoride films, fluorinated ethylene propylene films, perfluoroalkoxy polymer films, ethylene tetrafluoro ethylene films, and others. Polytetrafluoroethylene film is the largest segment due to high use in electrical & electronics end-use industry for manufacturing of semiconductors. Photovoltaic cell glazing is also a major application of Polytetrafluoroethylene film in this end-use industry. The growing electrical & electronics industry is expected to increase the fluoropolymer films market size.
Key Market Driver -
Key Market Driver – Rise in demand from electrical & electronics and medical end-use industries.
Key Market Restraint -
Key Market Restraint – High price of manufacturing of fluoropolymer films.
On the basis of end-use industry, the market is segmented into automotive & transportation, medical, electrical & electronics, construction, and others. The electrical & electronics segment is the dominant segment and is expected to drive the global market. Increasing use in manufacturing of semiconductors and photovoltaic cell glazing have increased the demand for fluoropolymer films in the market. Medical end-use industry is expected to the fastest growing during the forecast period.
The key market driver, is the rise in demand from electrical & electronics and medical end-use industries. Increasing use for manufacturing of electronics goods and application in medical such as cap liners, drug containers and others is driving the market for fluoropolymer films globally.
The key market restraint, is the high cost of manufacturing of fluoropolymer films which makes it an expensive polymer. In addition, environmental concerns are also a restraining factor to fluoropolymer films market growth.
Some of the key players in fluoropolymer films market are The Chemours Company, Saint-Gobain, Daikin Industries Ltd., Dunmore, Textiles Coated International (TCI), The 3M Company, Guarniflon, 10.9 AGC Chemicals, Rogers Corporation, Polyflon Technology, Chukoh Chemical Industries, LTD.
On geographical basis, fluoropolymers market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is the largest segment for fluoropolymer films in the market due to increasing demand from the electrical & electronics end-use industry. China is accounted as major consumer as it a hub for electrical & electronics product manufacturing. In addition, growing electronics market in the Japan and India will further support the growth of fluoropolymer films market.
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North America and Europe is expected to show increasing demand for fluoropolymers films from medical end-use industry, also technological advancement will cause high demand from electrical & electronics end-use industry. Growing Industrialisation is expected to support market growth of fluoropolymers during forecast period. Increasing demand from Automotive and electrical & electronics end-use industry will drive the market for fluoropolymer films in Middle East & Africa during forecast period.
By End-Use Industry
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