Fluoropolymer Films Market Size By Polymer (Polyvinylidenefluoride [PVDF], Fluorinated Ethylene Propylene [FEP], Polytetrafluoroethylene [PTFE], Perfluoroalkoxy Alkane [PFA]), By End-user (Construction, Transportation, Electrical & Electronics, Industrial Processing), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Mar 2018  |  Report ID: GMI1441  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 247   |   Base Year: 2016

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Fluoropolymer Films Market size was more than USD 1.5 billion in 2016 and shall exhibit CAGR over 5% from 2017 and 2024.

U.S. Fluoropolymer Films Market Share, By End-User, 2013-2024 (USD Million)

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Fluoropolymer films possess excellent qualities such as outstanding thermal & chemical resistance, weather resistance, water absorption, and others which makes them ideal for wide industry verticals. These films are widely used in electronic, machine, automotive and semiconductors. They are used as packaging, cable insulation, roll covers, composite mold release, anti-corrosive linings, pharmaceutical liners, adhesives, photovoltaic cell, microphone membranes, anti-graffiti coverings, surface coverings, airbags, and fuel hoses among others. The growing demand for fluoropolymer films in these applications is set to boost the global fluoropolymer films market share during the assessment period.

The excellent properties of fluoropolymer films also makes it highly effective in the pharmaceutical industry. In the pharmaceutical industry, blister packaging material is significantly used for cartridges and medicines, this packaging material is made up of multilayered films which include fluoropolymer films. In 2016, blister packaging accounted for over 15% of total global pharmaceutical packaging with revenue of USD 8.1 billion. Furthermore, in Europe medical industry accounts for USD 16 Billion in 2016, around 10% of their GDP is spend on medical & healthcare sector. This region’s medical technology market is estimated to be over USD 115 Billion, around 30% of the global share. These traits are likely to further propel the demand for fluoropolymer films in the pharmaceutical sector by the end of the forecast period. Additionally, the growing inclination towards solar energy shall also aid in the market growth during the review period.

The global market is highly competitive in nature. These films are conventionally manufactured on a large scale. Manufacturing of fluoropolymer films entails extensive equipment and several processing steps. Production of fluoropolymer films involve sintering, melt processing, coating, paste extrusion processes. The proficient manufacturers in the value chain are active in the developmental strategies for expansion of their business beyond regional terrains.

Fluoropolymer Films Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 1.5 Billion (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 5% 2024 Value Projection: 2.2 Billion (USD)
Pages: 247 Tables, Charts & Figures: 445
Geographies covered (22): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Netherlands, China, India, Japan, Australia, Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia
Segments covered: Polymer and Region
Companies covered (14): 3M, The Chemours Company, DAIKIN INDUSTRIES, Ltd., Arkema Group, Kureha Corporation, Saint-Gobain S.A., Honeywell Corporation, Asahi Kasei Corporation, Polyflon Technology Ltd., Fluortek AB, DUNMORE, SKC Corporation, DeWAL Industries Inc., Solvay S.A.
Growth Drivers:
  • Global drivers
  • High-performance properties of fluoropolymer films
  • Regional drivers
  • Solar energy initiatives by Indian government
  • Positive outlook from the U.S. in electrical & electronics applications America
Pitfalls & Challenges:
  • High cost of production

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Fluoropolymer Films Market, By Polymer

Polytetrafluoroethylene [PTFE] polymer was the largest segment in 2016 and is projected to exhibit a CAGR of over 5% during the assessment period. PTFE are strong and nonflammable synthetic resin manufactured through the polymerization of tetrafluoroethylene. It possesses extremely high melting point and are widely resistant to chemicals. These properties make it ideal for its use in various end user industries. The growing demand for PTFE in automobile industry due to its low friction, thermal & chemical resistant coupled with its ability withstand high temperatures, which makes it desirable for high temperature fluid applications in the automotive. The most common automobile applications include fuel hoses, hydraulic brake fluid, clutch fluid, and cooling applications. The growing automobile industry is projected to generate substantial revenue for the PTFE polymer segment throughout the given period 2017-2024.

Application Analysis

The construction application was the largest fluoropolymer films market segment in 2016 that held over 30% share. Fluoropolymer films are used in construction as it provides thermal insulation, weight and structural benefits over traditional construction materials. Ethylene Tetrafluoroethylene (ETFE) film based roof applications are self-cleaning and provide increased support under heavy stress. These films are also used in paint & coatings, which provides with enhanced durability, increased ultraviolet resistance, aesthetics and also aids in the extension of life cycle of building and bridges.

Increasing population, rising public-private partnerships in infrastructure development and increasing government investments in large-scale infrastructure projects in augmenting the building & construction industry mainly in the developing regions which in turn is projected to further surge the fluoropolymer films market growth. Asia Pacific is the largest demand holding region for construction industry with countries such as India, Japan and China substantially investing in construction of both private and public infrastructure. According to International Trade Administration, the total construction industry value of China is USD 848.92 Billion and is projected to grow at 4% over the couple of years. This can be attributed to the Chinese government’s One Belt, One Road initiative, which is a massive infrastructural project and will accelerate the construction industry in the country.

Regional Insights

Global Fluoropolymer Films Market By Region, 2016
Global Fluoropolymer Films Market By Region, 2016

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Asia Pacific was the largest revenue generating region in 2016 closely followed by North America. Asia Pacific market of fluoropolymer films is projected to exhibit the highest CAGR of over 5.5% during the assessment period. The growing construction industry in the region along with the ongoing government schemes for infrastructure development is projected to positively contribute to the market growth. Moreover, the growing electronics market in the region especially Japan and India shall further surge the demand for the product. North America held a market share of over 30% in 2016 and is anticipated to grow at a CAGR of over 4.5%.

Competitive Market Share

The proficient players operating in the global fluoropolymer films market share include Polyflon Technology Ltd, Dunmore, Daikin Industries Ltd, The Chemours Company, Saint-Gobain S.A., 3M, Asahi Glass, Kureha Corporation, SKC Corporation etc. The major players such as: 3M, Solvay SA, Kureha Corporation, Honeywell, etc. have their own raw materials manufacturing plants and are highly backward integrated. With the engagement in raw materials production in addition to the product manufacturing, these key market players are likely to gain significant profit margins over the forecast timespan.

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