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Fluoropolymer Films Market Size
- Report ID: GMI1441
- Published Date: Mar 2020
- Report Format: PDF
Fluoropolymer Films Market Size
Fluoropolymer Films Market size was USD 2.22 billion in 2018 and will grow at a CAGR of 4.9% from 2020 to 2026. Proliferating electronics industry in developing nations coupled with increasing demand for medical & healthcare facilities across the globe will escalate the revenue generation.
Fluoropolymer films are high-performance state of the art materials with exceptional characteristics such as chemical resistance, low coefficient of friction, transparency, weather resistance, heat resistance, water absorption, etc. Fluoropolymer films are widely used across a number of end-user industries such as transportation, electrical and electronics, construction, industrial processing, etc. They provide a significantly long shelf life for critical components utilized in emission control, performance enhancement, and safety of automotive and aerospace industries.
Fluoropolymer films market share is gaining a higher visibility in the medical sector owing to their application in various medical packaging materials. Pharmaceutical packaging requires to restrict chemical, biological, climatic and mechanical hazards that may lead to the product deterioration.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Fluoropolymer Films Market Size in 2019: | 2.22 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 4.9% |
| 2026 Value Projection: | 3.11 Billion (USD) |
| Historical Data for: | 2016 to 2018 |
| No. of Pages: | 498 |
| Tables, Charts & Figures: | 757 |
| Segments covered: | Polymer, End-user, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Development of next generation drug containers for enhancing the barrier resistance in cap liners, drug delivery systems and plunger laminates will significantly augment the fluoropolymer films market application in pharmaceutical packaging. In addition, cryogenic preservation, coated surgical instruments and cell culture bags utilized in healthcare sector require high performance materials with optimum biocompatibility.
Fluoropolymer films provide enhanced capabilities of chemical resistance and higher purity of medical and pharmaceutical devices. These trends depict that the product will gain substantial revenue in coming years from pharmaceutical industry.
Technological advancements, automation and rapidly growing consumer electronics sector are propelling the electrical & electronics industry. The industry is witnessing remarkable changes in recent years owing to rapidly changing technologies. Increasing sales of semiconductors, flexible printed circuits, cables and wires will escalate the fluoropolymer films market value.
Growing exports of electronics components from the U.S. is positively influencing the fluoropolymer films market demand. For instance, in 2017, the U.S. exports of electronic products increased to over $268 billion with an increase of 3% as compared with 2016.
Fluoropolymer films are manufactured from fluoropolymer compound/resins which comprises monomers such as ethylene, tetrafluoroethylene, chlorotrifluoroethylene, vinyl fluoride, propene, and hexafluoro propene. The production and selling price of ethylene is dependent on petroleum prices and changing economic conditions.
Crude oil, which is one of the key raw materials in the manufacture of fluoropolymers, also experienced oscillating price dynamics. In addition, complex manufacturing process of fluoropolymer due to involvement of several stage of chemical fusion increases the cost of production. Thus, rise in production cost of fluoropolymer film will hamper the fluoropolymer films market to some extent over the forecast timeframe.
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Fluoropolymer Films Market Scope
