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The fluoropolymer films market share is expected to increase by USD 697.88 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.59%.
This fluoropolymer films market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fluoropolymer films market segmentations by product (PTFE, PVDF, FEP, PFA, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The fluoropolymer films market report also offers information on several market vendors, including AGC Inc., American Durafilm Co. Inc., Arkema SA, Compagnie de Saint Gobain SA, Daikin Industries Ltd., DUNMORE Corp., Electron Microscopy Sciences, Fluoro Plastics Inc., Fluortek AB, Guarniflon S.p.A., Honeywell International Inc., Nitto Denko Corp., Nowofol Kunststoffprodukte GmbH and Co. KG, Polyflon Technology Ltd., Rogers Corp., Solvay SA, Textiles Coated International, The Chemours Co., 3M Co., and Dow Inc. among others.
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The developments in the construction sector is notably driving the fluoropolymer films market growth, although factors such as unstable fluorspar prices affecting PTFE film manufacturing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fluoropolymer films industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fluoropolymer Films Market Driver
The developments in the construction sector is one of the key drivers supporting the fluoropolymer films market growth. Many countries have been witnessing major construction projects in recent years owing to growing industrialization and the increasing spending capacity of the population. For instance, in January 2020, the Planning and Programming Department, Abu Dhabi, revealed the construction of four projects that are aimed at developing infrastructure within the island of Abu Dhabi. Similarly, in February 2020, Huawei announced the opening of a wireless product manufacturing plant in France, which will manufacture mainly for the European market. Hence, these developments related to construction activities can increase the demand for fluoropolymers during the forecast period.
Key Fluoropolymer Films Market Trend
The development of innovative products is one of the key fluoropolymer films market trends contributing to market growth. The new fluoropolymer films contain a sulfur compound, which is generally not present in conventional fluoropolymer films. These fluoropolymer films can be used in some potential rapidly growing industries, such as advanced coatings, optics, and lubricants. These can bring about a rise in the variety of applications in the global fluoropolymers market during the forecast period. Also, some vendors have launched 3D printed variants of fluoropolymer films. For instance, 3M announced the launch of a new 3D-printed PTFE, which will aid the company in producing PTFE parts with complex geometries and fine details, which are beyond the capabilities of conventional processing or manufacturing techniques.
Key Fluoropolymer Films Market Challenge
Unstable fluorspar prices affecting PTFE film manufacturing is one of the factors hampering the fluoropolymer films market growth. By type, PTFE accounted for a substantial share in the global fluoropolymer films market in 2020. It is produced through the free radical vinyl polymerization of monomer tetrafluoroethylene (TFE). TFE is produced from fluorspar, hydrofluoric acid, and chloroform, where fluorspar is the key raw material in the production of TFE. Well, China is one of the largest producers of fluorspar and accounts for a significant share of global fluorspar production every year. However, mining activities have declined in the country in the wake of stringent environmental regulations, such as high taxes on mining activities and anti-pollution legislation on emissions and waste disposal in the mining industry. Therefore, the unstable prices of fluorspar will have a highly negative impact on the market during the period under review.
This fluoropolymer films market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global fluoropolymer films market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fluoropolymer films market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the fluoropolymer films market encompasses successful business strategies deployed by the key vendors. The fluoropolymer films market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fluoropolymer films market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the fluoropolymer films market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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46% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the fluoropolymer films market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing number of construction projects will facilitate the fluoropolymer films market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The regional market witnessed certain challenges due to the COVID-19 pandemic in 2020. However, the initiation of large-scale COVID-19 vaccination drives led to a revival in investments in the region in 2021, which led to a rise in manufacturing activities. This is expected to boost the growth of the market during the forecast period.
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The fluoropolymer films market share growth by the PTFE segment will be significant during the forecast period. PTFE is commonly known as Teflon coating and is used widely both in industrial and commercial applications. Industries such as pharmaceuticals, automotive, aerospace, medical devices, and telecom are the prime users of PTFE coatings. In commercial applications, Teflon is used as a coating material for utensils, such as baking and kitchen pans, due to its excellent non-stick properties. Such applications of PTFE will drive market growth in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fluoropolymer films market size and actionable market insights on post COVID-19 impact on each segment.
Fluoropolymer Films Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
Market growth 2022-2026 |
$ 697.88 million |
Market structure |
Fragmented |
YoY growth (%) |
5.18 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AGC Inc., American Durafilm Co. Inc., Arkema SA, Compagnie de Saint Gobain SA, Daikin Industries Ltd., DUNMORE Corp., Electron Microscopy Sciences, Fluoro Plastics Inc., Fluortek AB, Guarniflon S.p.A., Honeywell International Inc., Nitto Denko Corp., Nowofol Kunststoffprodukte GmbH and Co. KG, Polyflon Technology Ltd., Rogers Corp., Solvay SA, Textiles Coated International, The Chemours Co., 3M Co., and Dow Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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