Fluoropolymer Films Market Analysis

Fluoropolymer Films Market Analysis

The product segment consists of major types of fluoropolymer films such as PVDF, FEP, PTFE, PFA, ECTFE, PVF, ETFE etc. PTFE films held over 50% volume share in 2019. These films are strong, tough, waxy, nonflammable synthetic film produced by the polymerization of tetrafluoroethylene. Increasing application of PTFE in insulations for electrical and electronic wires & cables will significantly drive the fluoropolymer films market segment.
 

China is the largest market regarding consumption of PTFE in the construction, automobile and electrical and electronic industries. According to OICA, more than 29 million automobiles were sold in 2018 and a tremendous growth was witnessed in automobile sector which will further boost the fluoropolymer films market in the projected period of time.
 

On the other hand, polyvinylidene fluoride is a chemically inert non-reactive thermoplastic fluoropolymer. It offers excellent properties such as low coefficient of friction, fire resistance, and resistance over a wide range of temperatures, which makes PVDF films an attractive product for many outdoor protective coverings.
 

It provides efficient ability for thermoforming, resistance to UV radiations etc. Due to these properties it has immense value to manufacturers in various industries such as chemical processing, construction, electrical & electronics, oil & gas, etc. will drive the global fluoropolymer films market.
 

End-use segment consists of construction, transportation, electrical & electronics, industrial processing, medical & healthcare. Industrial processing segment accounted for over 40% revenue share in 2019 and is anticipated to grow at 5.2% CAGR through 2026. Food processing sector is on the rise in Asia Pacific region due to growing population in the region.
 

Regional government bodies are striving to improve the food processing sector to drive the economic growth. For instance, the Government of India leverages reforms such as 100% FDI in marketing of food products and various incentives on supply chain infrastructure. Furthermore, fluorine-based polymer films are used as release sheets during compression molding of components along with phenolic and epoxy resins.
 

They are also employed as liners; for instance, to avoid corrosion in the chemical industry. They are used as a roll cover to protect metal rolls from rusting owing to their unique characteristics such as weatherability, flame retardancy, thermal stability, etc. This is likely to have a subsequent positive impact on the fluoropolymer films market.
 

Asia Pacific fluoropolymer films market generated over USD 1 billion in 2019. The massive regional share can be attributed  to the presence of key end-user industries such as construction, manufacturing and transportation sector across the region. This is mainly due to growing population, urbanization, and increasing demand for advanced thermoplastics across the region.
 

Strong presence of automobile manufactures along with rising demand for commercial and regional aircrafts is positively influencing the product requirements. Increasing infrastructural projects involving green buildings and smart homes will supplement product demand. In addition, expansion of manufacturing plants and capacities will result in increased demand for fluoropolymer films.