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 films can be heat-sealed, thermoformed, metalized, laminated, and die-stamped. These films are preferred in applications where cheap plastics and metal sheets can not assure long-term reliability. The selection of appropriate films depends on the temperature requirements of the applications. The manufacturing of fluoropolymer films requires high cost due to the use of high-cost technologies, complex manufacturing process, and the high cost of fluoropolymers such as ETFE, FEP, and PFA.
The increasing demand for fluoropolymer films from various applications, such as electrical & electronics, industrial, automotive & aerospace, medical & pharmaceutical, and consumer products is expected to drive the market for fluoropolymer films, globally. The demand for fluoropolymer films is majorly increasing from the electrical & electronics application as fluoropolymer films are extensively used in the manufacturing of semiconductors, consumer electronics, and industrial electronics.
PVDF films is the fastest-growing type segment in the fluoropolymer films market. These films are used in packaging applications due to their non-toxic nature. These films have better aging resistance, remarkable fire-resistant properties, polymorphism, and piezoelectric properties which make them one of the most widely used fluoropolymer film types.
Asia Pacific is the fastest-growing market for fluoropolymer film, followed by North America. The high growth in the Asia Pacific region can be attributed to the rising innovation and technological advancements in electronics, chemical, automotive & aerospace and medical & pharmaceutical industries. Also, increased government support for the manufacturing of electronics and automobiles in the region is fueling the market in this region.
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).
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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