Fluoropolymer Films Market

Market Overview:

The global fluoropolymer films market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Fluoropolymer films are fluorine and carbon-based polymers obtained by cast film extrusion. They are high-performance polymers extensively used in high-temperature applications and extreme chemical conditions. They are widely used in pharmaceutical cap liners, anticorrosive linings, photovoltaic cell glazing, and cable insulation. Fluoropolymer films are manufactured using fluoropolymer compounds and resins, which are composed of monomers such as propene, vinyl fluoride, chlorotrifluoroethylene, propene hexafluoro, tetrafluoroethylene, and ethylene. They exhibit low friction coefficient and excellent transparency, weather resistance, water absorption, and dielectric and cryogenic properties. As a result, fluoropolymer films find extensive applications across the automotive, medical, construction, electrical, and electronics industries.

Fluoropolymer Films Market Trends:

Significant growth in the construction industry across the globe is creating a positive outlook for the market. Fluoropolymer films are widely used as a coating material in textile architecture, windows, and doors for safety and security purposes. In line with this, the widespread product utilization due to its unique non-adhesive and low friction properties and the growing consumer inclination toward aesthetically pleasing designs are favoring the market growth. Furthermore, the implementation of various government initiatives supporting infrastructural development is propelling the market growth. Apart from this, the introduction of green fluoropolymer films due to the rising environmental consciousness and the rapid shift toward environmentally friendly products is providing an impetus to the market growth. Additionally, the increasing demand for polyvinylidene fluoride (PVDF), a highly non-reactive thermoplastic used as a standard binding material in the production of composite electrodes for lithium-ion batteries, is acting as another growth-inducing factor. Moreover, the increasing product utilization in the automotive and aerospace industries, as it provides a significantly longer shelf life for critical components utilized in emission control, safety, and performance enhancement, is positively influencing the market growth. Other factors, including extensive research and development (R&D) activities, widespread product adoption in the medical industry, and the rising demand for lightweight fluoropolymer films, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fluoropolymer films market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.

Breakup by Type:

• Polytetrafluoroethylene (PTFE)
• Polyvinylidene Fluoride (PVDF)
• Fluorinated Ethylene-Propylene (FEP)
• Polyethylene Tetrafluoroethylene (PETFE)
• Polychlorotrifluoroethylene (PCTFE)
• Polyvinyl Fluoride (PVF)
• Others
   

Breakup by Application:

• Barrier Films
• Decorative
• Microporous
• Safety and Security Films
• Others
   

Breakup by End Use Industry:

• Automotive
• Construction
• Electrical and Electronics
• Packaging
• Personal Care
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., American Durafilm Co. Inc., Arkema S.A., Compagnie de Saint-Gobain S.A., Daikin Industries Ltd., DuPont de Nemours Inc., Honeywell International Inc., Nitto Denko Corporation, Solvay S.A. and The Chemours Company.

Report Coverage: