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Companies are increasingly investing in development of new formulations of fluoropolymer films. Expansion of facilities and sales network are among the major strategies adopted by companies for strengthening their foothold in the industry. For instance, in August 2017, a new subsidiary was set-up by Daikin Industries namely Daikin Chemical Southeast Asia in Thailand. This will enable the company to expand its presence in Southeast Asia and improve their cooperation with processing manufacturers, leading to increased fluoropolymer films market sales revenue.
Furthermore, In May 2019, Daikin Industries announced that the company will invest USD 896 million to double its manufacturing output of fluoropolymers, which is extensively used in semiconductor production equipment, in conjunction with the spread of 5G communication.
Other key players in the fluoropolymer films industry ecosystem includes