Fluoropolymer Film Market is Expected to Reach $2.4 Billion by 2023
IRVING, Texas, February 6, 2018 (Newswire.com) - According to a new market report published by Lucintel, the future of the fluoropolymer film market looks promising with opportunities in the electrical and electronics, construction, packaging, transportation and industrial sector. The global fluoropolymer film market is expected to reach an estimated $2.4 billion by 2023 with a CAGR of 6.5% from 2018 to 2023. The major growth drivers for this market are increasing demand in the medical packaging industry and growth in the solar photovoltaic and construction industries.
Browse 86 market data Tables and 116 Figures spread through 192 Pages and in-depth TOC on "Fluoropolymer Film Market" http://www.lucintel.com/fluoropolymer-film-market-2018-2023.aspx
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In this market, polyvinylidine fluoride (PVDF), polytetrafluoroethylene (PTFE), polyvinyl fluoride (PVF), fluorinated ethylene propylene (FEP), ethylene tetrafluoroethylene (ETFE), perfluoroalkoxy alkane (PFA), ethylene chlorotrifluoroethylene (ECTFE) and polychlorotrifluoroethylene (PCTFE) are used for protection, barrier and insulation in a wide range of end-use industries. Lucintel forecasts that PVDF film will remain the largest product type and it is also expected to witness the highest growth due to increasing demand in capacitor, photovoltaic module and lithium-ion batteries.
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Within the fluoropolymer film market, electrical and electronics will remain the largest end-use industry and witness highest growth during the forecast period. The demand for fluoropolymer film is growing due to rapid expansion of solar energy, growing demand for electrical appliances and growth of the semiconductor industry.
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Asia Pacific is expected to remain the largest market and experience the highest growth over the forecast period. The growth is supported by government policies for the use of solar power for rural electrification projects, a rise in the demand for electronic products such as laptops, mobile phones and high-resolution television sets, and growth in the construction industry.
Emerging trends, which have a direct impact on the dynamics of the market, include usage of functional fluoropolymer films to encapsulate solar panels on building exteriors, increasing deployment of fluoropolymer films in electrochemical devices and increasing usage in innovative green technology. 3M Dyneon, Chemours, Saint-Gobain, Daikin Industries Ltd. and Solvay S.A. are among the major manufactures of fluoropolymer films.
The study includes a forecast for the global fluoropolymer film market by product type, end-use industry and region as follows:
By Product Type [Volume (Tons) and $M shipment analysis for 2012 – 2023]:
- PVDF Film
- PTFE Film
- PVF Film
- FEP Film
- ETFE Film
- PFA Film
- Others
By End-Use Industry [Volume (Tons) $M shipment analysis for 2012 – 2023]:
- Electrical and Electronics
Ø Photovoltaic
- Consumer Electronics
- Construction
- Packaging
- Transportation
- Industrial
- Others
By Region [Volume (Tons) $M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 192-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global fluoropolymer film market by product type, which includes polytetrafluoroethylene (PTFE), polyvinylidine fluoride (PVDF), fluorinated ethylene propylene (FEP), polyvinyl fluoride (PVF), perfluoroalkoxy alkane (PFA), ethylene tetrafluoroethylene (ETFE) and others (ECTFE, PCTFE, and TVH) by end-use industry such as electrical and electronics, construction, packaging, transportation, industrial and other end-use industries and by region including North America, Europe, Asia Pacific and the Rest of the World?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this market?
Source: Lucintel