Major players active in the global fluoropolymer films market comprise Dunmore, Polyflon Technology Ltd, The Chemours Company, Daikin Industries Ltd, 3M, Saint-Gobain S.A., Kureha Corporation, Asahi Glass, and SKC Corporation. The prominent players such as Solvay SA, 3M, Honeywell, and Kureha Corporation have their own manufacturing plants for raw materials and are extremely backward integrated. With the presence in production of raw materials apart from the manufacturing of product, these major players in the market are expected to attain noteworthy profit margins in the years to come.
Increasing Requirement For Fluoropolymer Films In Various Applications To Power The Growth Of Global Fluoropolymer Films Market During The Years To Come
The increasing requirement for fluoropolymer films in various applications is set to power the growth of global market for fluoropolymer films during the years to come. The excellent characteristics of fluoropolymer films also make it extremely effectual in the pharmaceutical sector. In the pharmaceutical sector, blister packaging component is used significantly for medicines and cartridges. This packaging substance is created of multilayered films that comprise fluoropolymer films. Blister packaging in 2016 added up for more than 15% with revenue of almost USD 10 billion for the global pharmaceutical packaging. In addition to this, medical sector in Europe added up for USD 20 billion in 2019.
Almost 10% of their GDP is invested on healthcare & medical industry. The medical technology sector in this region is predicted to be more than USD 115 billion, almost 301/3rd of the worldwide share. These traits are expected to additionally power the requirement for fluoropolymer films by the end of the forecast period in the pharmaceutical industry. In addition to this, the increasing inclination towards solar energy might also help in the growth of the market in the years to come.
Asia Pacific Fluoropolymer Films Market Is Predicted To Go Through The Max CAGR Of More Than 5.9% In The Years To Come
Asia Pacific was the biggest income creating area in 2019 closely chased by North America. The Asia Pacific fluoropolymer films market is predicted to go through the max CAGR of more than 5.9% in the years to come. The increasing construction sector in the area along with the current government programs for development of infrastructure is predicted to positively add to the growth of the market. In addition to this, the increasing electronics sector in the region might further elevate the requirement for the product. North America had more than 30% of the market share in 2019 and is predicted to develop at a CAGR of more than 4%.
This review is based on a report by Zion Market Research, titled “Fluoropolymer Films Market Size By End-user (Transportation, Construction, Industrial Processing, Electrical & Electronics), By Polymer (Fluorinated Ethylene Propylene [FEP], Polyvinylidenefluoride [PVDF], Perfluoroalkoxy Alkane [PFA], Polytetrafluoroethylene [PTFE]) – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
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