The global fluoropolymer films market is expected
to reach USD 2.17 billion by 2025, according to a new report by Grand View
Research, Inc. Increasing demand from various application industries is a key
factor driving the market growth. In addition, robust growth in the
construction sector, especially in Asia Pacific is further fueling the demand
over the forecast period.
Fluoropolymer films are widely used in
different application industries including construction, aerospace, automotive,
packaging, electronics, and electrical. Furthermore, it is widely used as a raw
material in the production of automobile parts, electronic components,
machines, and semiconductors owing to its precipitation capabilities.
In terms of revenue, polyvinylidene
fluoride (PVDF) accounted as the largest type segment in 2016 and is expected to
continue its trend with a CAGR of 7.6% from 2017 to 2025. It is highly
non-reactive thermoplastic fluoropolymer used where high purity and
resistance-to-solvents is required.
The demand for fluoropolymer films is
anticipated to increase on account of growth in various application industries,
especially construction. It is widely used in construction sector on windows
and doors for security and safety applications. Moreover, it holds superior
light and temperature control, aesthetic appearance and protection from UV
rays. These factors are anticipated to contribute to healthy growth of market
over the coming years.
Access Research Report
of Fluoropolymer Films Market@ http://www.grandviewresearch.com/industry-analysis/fluoropolymer-films-market
Further key findings from the report suggest:
· Packaging segment will experience healthy
growth in terms of value at a CAGR of 7.5% from 2017 to 2025 on account of its
precipitation capabilities and performance through value added lamination &
coatings
· Polyvinyl fluoride (PVF) emerged as the
fastest growing type segment in terms of revenue in 2016 and is estimated to
reach USD 551.9 million by 2025. Global fluoropolymer films in fluorinated
ethylene propylene segment was USD 156.6 million in 2016 and is anticipated to
experience healthy growth over the years ahead
· The U.S. fluoropolymer films market in
terms of revenue was USD 268.4 million in 2016 and is expected to grow a rate
of 8.5% from 2017-2025. Continuous economic development and increasing capital
spending in the country is anticipated to boost demand for fluoropolymer films
over the forecast period
· Key players including E. I. du Pont de
Nemours and Company, Chemours Company, The 3M Company, Saint-Gobain S.A., The
Dow Chemical Company, Solvay S.A. and Evonik Industries dominated the global
market
Grand View Research has segmented the
global fluoropolymer films market on the basis of type, application and region:
Fluoropolymer Films Type Outlook (Volume,
Tons, Revenue, USD Million, 2014 - 2025)
·
Polytetrafluoroethylene
·
Polyvinyl Fluoride
·
Polyvinylidene Fluoride
·
Fluorinated Ethylene Propylene
·
Others
Fluoropolymer Films Application Outlook
(Volume, Tons, Revenue, USD Million, 2014 - 2025)
·
Construction
·
Automotive & Aerospace
·
Electronics & Electrical
·
Packaging
·
Others
Fluoropolymer Films Regional Outlook
(Volume, Tons, Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
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