(MENAFN- America News Hour) Facts and Factors Market Research has published a new report titled 'Fluoropolymer Films Market By Type (Polyvinylidene Fluoride [PVDF], Perfluoroalkoxy Alkane [PFA], Fluorinated Ethylene Propylene [FEP], Polytetrafluoroethylene [PTFE], and Polyvinyl Fluoride [PVF]) and By Application (Industrial, Construction, Electrical & Electronics, Medical & Pharmaceutical, and Automotive & Aerospace): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027'. According to the report, the global Fluoropolymer Films market is predicted to be valued at approximately USD 1,940 million in 2018 and is expected to reach a value of around USD 3,288 million by 2027, at a CAGR of around 6.03 % between 2019 and 2027.
Fluoropolymer is a kind of fluorocarbon polymer having many bonds of carbon and fluorine ions. It is highly resistant to solvent, bases, and acids. Moreover, Fluoropolymer films are characterized by high resistance to temperature, corrosion, chemical reaction, stress cracking, electrical & weather resistance, and dielectric strength. Hence they find myriad applications in the automotive, electronics, construction, and aerospace sectors. Additionally, they possess outstanding features like water absorption making their usage ideal in various business domains. These films are extensively used across electronic, machine, and semiconductors.
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Furthermore, they are very popular in anti-corrosive linings, resin, anti-graffiti coverings, pharmaceutical liners, additives, surface coverings, film products, composite mold releases, packaging, airbags, microphone membranes, cable insulation, roll covers, adhesives, photovoltaic cell, and fuel hoses.
Escalating product demand in medical packaging activities to impel the market expansion
The growth of the market during the forecast timeline is attributed to the huge usage of the Fluoropolymer films in the packaging of the medical items. Moreover, a prominent rise in the solar photovoltaic modules unit establishment across the globe will result in the humungous need of the product over the forecast timeline. Nonetheless, huge production costs of the product will stagnate the expansion of the Fluoropolymer films industry over the forecast timeline. Apart from this, the complication production process for Fluoropolymer films can put brakes on business growth during the period from 2019 to 2027. However, growing inclination towards the use of highly performing coated plastic & laminates in various industries will create lucrative growth avenues for the market over the forecast timeline. This, in turn, will negate the adverse impact of the hindrances on the market over the forecast timeframe.
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Polyvinylidene Fluoride [PVDF] to dominate the type segment over forecast timeline in terms of revenue
The growth of the segment during the period from 2019 to 2027 is due to its beneficial features like flexibility, high tensile strength, and lower conductivity as compared to other product types.
Medical & Pharmaceutical segment to record the highest CAGR over the forecast period
The segment is projected to register highest growth rate of over 7% during the forecast timeline owing to the massive use of Fluoropolymer films in production of next-gen medicine containers as well as delivery systems like plunger laminates, cap liners, cryogenic sample bags used in genetic research & biotechnology purpose, stoppers, and release films used in skin-mounted equipment.
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Asia Pacific to lead the overall market growth during the forecast timespan
The growth of the regional market during the period from 2019 to 2027 is subject to growing product preference across a slew of business verticals including electronics, medical & pharmaceuticals, and automotive. Apart from this, a surge in the construction activities witnessed in countries like China will further proliferate the market growth over the forecast timespan. Additionally, a rise in the electrical & electronics production and a high amount of deployments of the solar panels in the emerging economies will substantially steer the regional market expansion.
Furthermore, the high expansion of the industrial sector resulting in huge funding of the production units in the country like India will further add to the regional market growth over the forecast timeline.
Some of the major players in the business include Plasticut, The Chemours Company, Technetics Group, Daikin International Inc., NITTO DENKO CORPORATION, Saint-Gobain, Lenzing Plastics GmbH Co. KG, Rogers Corporation, Jiangsu Teflon Science and Technology Co., Ltd., The 3M Company, Guarniflon S.p.A., Textiles Coated International (TCI), Honeywell International Inc., DowDuPont Inc., Chukoh Chemical Industries Ltd., and AGC Chemicals America.
Browse the full 'Fluoropolymer Films Market By Type (Polyvinylidene Fluoride [PVDF], Perfluoroalkoxy Alkane [PFA], Fluorinated Ethylene Propylene [FEP], Polytetrafluoroethylene [PTFE], and Polyvinyl Fluoride [PVF]) and By Application (Industrial, Construction, Electrical & Electronics, Medical & Pharmaceutical, and Automotive & Aerospace): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027' Report at https://www.fnfresearch.com/fluoropolymer-films-market-by-type-polyvinylidene-fluoride-pvdf-178
This report segments the Fluoropolymer Films market as follows:
Fluoropolymer Films Market : By Type Analysis
- Polyvinylidene Fluoride [PVDF]
- Perfluoroalkoxy Alkane [PFA]
- Fluorinated Ethylene Propylene [FEP]
- Polytetrafluoroethylene [PTFE]
- Polyvinyl Fluoride [PVF]
Fluoropolymer Films Market : By Application Analysis
- Industrial
- Construction
- Electrical & Electronics
- Medical & Pharmaceutical
- Automotive & Aerospace
Fluoropolymer Films Market : Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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