Fluoropolymer film is a high-performance polymer containing fluorine, carbon molecules and is extensively used in high temperature applications and extreme chemical conditions. The key application industries include packaging, construction, automotive, electronics, electrical, and aerospace. Robust growth in these application industries is anticipated to drive the market growth over the forecast period.
Fluoropolymer films possess various high-performance qualities such as chemical resistance, non-stick performance, moisture resistance, and optical transparency. High precipitation capabilities of these film are anticipated to be one of the key driving factors for the market growth. However, complex production process and high prices are expected to fuel the demand over the years ahead.
The fluoropolymer films have a diverse range of products including polytetrafluoroethylene (PTFE), polyvinyl fluoride (PVF), polyvinylidene fluoride (PVDF), fluorinated ethylene propylene (FEP), perfluoroalkoxy alkane (PFA), and ethylene tetrafluoroethylene. Polyvinylidene fluoride (PVDF) emerged as largest type segment in global market owing to its superior properties.
Packaging application segment dominated the global market on account of excellent technical properties including optical clarity UV stability, moisture barrier, non-yellowing chemistry and chemical inertness. It is extensively used in medical, military packaging, sensitive electronics, and pharmaceutical.
Asia Pacific was estimated as the largest market globally in terms of volume and revenue in 2016 and is expected to continue the trend over next eight years. The demand from various application industries, especially construction is projected to fuel the market growth. Fluoropolymer films are used significantly in the construction industry on windows and doors for safety and security purpose.
Key players in the market have strengthened their presence across the value chain by increasing their spending in partnerships, R&D, agreements and acquisitions with tier one companies. The companies are focusing on manufacturing green fluoropolymer film products to avoid environmental issues. Some of the key market players in the market are E. I. Du Pont de Nemours, DAIKIN Industries Ltd, Chemours Company, Saint-Gobain S.A., The 3M Company, Solvay SA, Arkema Group, and The Dow Chemical Company.
In-depth report on global fluoropolymer films market by Grand View Research:
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