Fluoropolymer Market 2021-2027: Size, Business Growth, Share, Key Players, Revenue, and Forecast
Market Segmentation
The global Fluoropolymer Films Market is segmented by type,
application, and region.
On the basis of the type, the global fluoropolymer market is
segmented into polytetrafluoroethylene (PTFE), polyvinylidene difluoride
(PVDF), fluorinated ethylene propylene (FEP), ethylene tetrafluoroethylene
(ETFE), polychlorotrifluoroethylene (PCTFE), perfluoroalkoxy alkane (PFA) and
others. Among these, PTFE accounted for the largest market share owing to
chemical inertness, high density, and excellent dielectric properties. PTFE
finds application in wire & cables, semiconductors, cryogenic seals &
gaskets, and bearing pads among others. PVDF is the fastest growing
fluoropolymer film owing to its increasing use in semiconductors, lithium
batteries, and chemical industry.
Based on the application, the global Fluoropolymer Market is segmented into
electrical & electronics, automobile, aerospace, construction,
pharmaceuticals, packaging & specialty films, renewable energy, and others.
The electrical and electronics industry has accounted for the largest market
owing to growing use of the product in batteries, wires, cable insulation, and
others. The product consumption is rising with increasing construction
activities in solar cells and roofing material globally. Fluoropolymer films
are used extensively in the pharmaceutical industry in cap liners owing to
moisture resistance.
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Regional Analysis
Asia Pacific was leading the global fluoropolymer films market
as a result of enlarging demand for the product from the major end-use
industries such as electrical & electronics, construction, automotive, and
pharmaceutical. Growing automotive industry as a result of surging demand for the
vehicles coupled with rising disposable income of the consumers is driving the
market growth. The product consumption is increasing in the aerospace industry
owing to rising air traffic coupled with growing tourism in the developing
economies.
North America is a substantial region in the global
fluoropolymer films market due to the expanding aerospace industry with booming
production of aircraft in this region. Additionally, enlarging demand for
consumer electronics such as home appliances and wireless speakers among others
are propelling the market growth.
Europe is expected to witness a significant growth during the
review period owing to reviving automotive industry and rising R&D
investment in the aviation industry, especially in Germany.
Latin America and the Middle East & Africa are likely to
exhibit a considerable growth over the forecast period with growing number of
end-use industries.
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