Fluoropolymer Films Market Anticipated to be valued at US$ 2,537.6 Mn by 2026
Posted by Monica Nerkar on June 8th, 2017
Fluoropolymer films exhibit physical & chemical properties that are superior to other film materials. Industrial applications of fluoropolymer films are propelling on the grounds of several high-performance qualities, which include non-stick performance, optical transparency, chemical resistance and moisture resistance. Nonetheless, the most crucial factor driving the demand for fluoropolymer films across multiple industrial verticals is the robust precipitation attained by these films. High precipitation capabilities of fluoropolymer films make them a diversified raw material for production of electronic components, machines, automobile parts and semiconductors.
A latest report published by Future Market Insights that the global market for fluoropolymer films, which is worth closed to US$ 1,400 Mn at present, will soar at an impressive 6.1% CAGR to bring in US$ 2,537.6 Mn by the end of 2026. According to the report, the global demand for fluoropolymer films is also anticipated to grow on the account of rapid deployment of solar photovoltaic (PV) modules across the globe. Surging adoption of solar PV modules will continue to boost the sales of fluoropolymer films which are used as protective sheets to layer from surfaces of these modules.
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Regional Overview of Fluoropolymer Films Market
In the due course of this decade-long forecast period, the global fluoropolymer films market is also predicted to record sales of close to 60,000 tonnes. A major share of these sales are likely to emanate from the Asia-Pacific excluding Japan region. Through 2026, the region’s fluoropolymer films revenues will showcase steadfast growth 5.8% CAGR. China’s Dongyue Group Ltd. is projected to play a key role towards the growth of fluoropolymer films market in Asia-Pacific excluding Japan region.
The Japanese fluoropolymer films market will also register steady growth as companies such as Asahi Glass Co., Ltd. and DAIKIN Industries, Ltd. will continue gaining global prominence as manufacturers of fluoropolymer films. Another lucrative region for global expansion of fluoropolymer films businesses is observed to be North America. US-based fluoropolymer film manufacturers, namely The Chemours Company, 3M Company and Honeywell International, Inc. will play a key role in consolidating North America’s position in the global fluoropolymer films market. Other leading manufacturers of fluoropolymer films, profiled in the report, include Solvay, Arkema Group, Saint-Gobain, and Polyflon Technology Limited.
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Key Highlights of the Report on Global Fluoropolymer Films Market
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About the AuthorMonica Nerkar
Joined: December 22nd, 2016
Articles Posted: 370
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