Fluoropolymer Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027
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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