An Incisive, In-depth Analysis on the Fluoropolymer Film Market
This study offers a comprehensive, 360 degree analysis on the Fluoropolymer Film market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fluoropolymer Film market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Fluoropolymer Films Market: Growing Consumption of PTFE in Various Industries is poised to drive the Demand for Fluoropolymer Films: Global Industry Analysis and Opportunity Assessment, 2016–2026
In terms of volume, the global fluoropolymer films market is projected to cross 59,000 Tonnes by the end of 2026, registering a CAGR of 5.3% over the forecast period (2016–2026). In terms of value, the global fluoropolymer films market was pegged at nearly US$ 1,500 Mn at the end of 2016 and is anticipated to increase to nearly US$ 2,600 Mn by 2026 end, exhibiting a CAGR of 6.1% over the forecast period. Asia Pacific Excluding Japan (APEJ) is expected to exhibit promising growth in the global fluoropolymer films market, registering a value CAGR of 6.6% over the forecast period. Driven by the sales growth of fluoropolymer films across various end-use applications, the APEJ market is expected to witness a sustainable growth rate over the coming years. India and China are likely to provide substantial opportunities in the global fluoropolymer films market through 2026. The importance of fluoropolymer films is anticipated to continue rising in the coming years. The innovative applications of fluoropolymer films in medical devices, such as in the components of dialysis devices, is one of the emerging technologies anticipated to enhance sales. Further, as fluoropolymer films find various applications in medical devices, manufacturers are developing innovative technologies to further surge the sales. For instance, surgical equipment made from fluoropolymer films are resistant from the sterilization process.
Fluoropolymer films are finding increased application in consumer goods as well. For instance, the increasing demand for cook and bakeware along with the growing population in emerging countries is one of the key factors surging the demand for fluoropolymer films.
Fluoropolymers exhibit superior physical and chemical characteristics. Good non-stick performance, chemical resistance, optical transparency and moisture resistance provide an edge to fluoropolymers over other resins. Fluoropolymers maintain high strength over a wide temperature range and their thermal and electrical properties further facilitate the work performance of end-products. Attributing to these unique properties and capabilities of fluoropolymer films, they are increasingly being used in various diversified and sophisticated industries such as electronic, machine, automobile and semiconductor.
Superior Properties of Fluoropolymers, leading to their Increased Utilization in Various Applications, are expected to drive Revenue Growth of the Global Fluoropolymer Films Market
Increasing demand for fluoropolymer films from various end-use industries, owing to their superior properties, is expected to drive their overall revenue growth across the globe. Fluoropolymer films are also utilized in solar PV modules as front sheets. The record deployment and rapid expansion of solar photovoltaic modules across the globe is anticipated to boost the demand for fluoropolymer films in the coming years. However, factors such as high price and relatively more complex manufacturing process are anticipated to create significant challenges for the global fluoropolymer films market growth.
High Price of Fluoropolymer Films and Relatively Complex Manufacturing Process
Fluoropolymer films are typically produced by cast film extrusion. The process offers significant challenges, and special attention is required right from the designing of the die till the film with desired characteristics is produced. Fluoropolymers, being highly corrosive in nature, require corrosion resistant material to properly handle the melt product during processing. Also, at low shear stress values, the tendency of fluoropolymer films to develop melt fracture increases, which critically affects the surface and optical properties of the films. Moreover, the high prices of these films, as a result of the high raw material and processing costs, are expected to affect their market growth over the coming years.
Reduction in Processing Cost and Development of High-Grade Fluoropolymer Films
The fluoropolymer films market is price competitive. The companies supported by backward integration, i.e. who also manufacture the resin, hold the vantage point in terms of more flexibility in end product prices and discounts. To capitalize on the increasing demand from different end-use industries, companies are focusing on reducing the overall processing cost without compromising on the product quality, which can provide significant growth opportunities for film manufacturers across the globe.
Further, in response to the increasing demand for solar energy, the number of solar cell and module manufacturers has been expanding significantly across the globe. Devising an attractive marketing plan targeting these customers and making long-term contracts with them can also provide significant growth opportunities to the suppliers of fluoropolymer films.
Performance Analysis of Product Type Segments
On the basis of product type, the fluoropolymer films market has been segmented into PTFE (Polytetrafluoroethylene), FEP (Fluorinated Ethylene Propylene), PFA (Perfluoroalkoxy Alkane), PVA (Polyvinyl Fluoride), PVDF (Polyvinylidene Fluoride), ETFE (Ethylene tetrafluoroethylene) and others, which include ECTFE, PCTFE, etc. The PTFE segment is projected to account for a major share of the global fluoropolymer films market throughout the forecast period. Growth of the PTFE segment is estimated to remain high over the forecast period, accounting for approximately one-third of the total market share in terms of volume. Expanding at a healthy growth rate, the PVF segment is expected to create significant growth opportunities in the coming years.
The PTFE segment, in value terms, is anticipated to expand at a CAGR of 6.7% over the forecast period and reach a market value of about US$ 687.7 Mn by the end of 2026. The demand for PTFE and PVF is expected to remain high across different regions. On the other hand, the PVDF segment is estimated to exhibit a steady growth rate through the forecast period. The ETFE segment, expanding at a CAGR of 5.5%, is expected to represent a 4.2% revenue share in the overall fluoropolymer films market by 2026 end.
Chemical, mechanical engineering, electronics and automotive industries are among the key end users of fluoropolymers films in Europe. Fluoropolymers offer good insulating properties and low attenuation of high frequencies as compared to other insulating materials, which is one of the key factors driving the fluoropolymer films market.
Fluoropolymer Films Market: Analysis of Product Type Segments
PTFE (polytetrafluoroethylene): Expanding at a CAGR of 6.7% over the forecast period, the segment is anticipated to create an incremental $ opportunity of US$ 329.2 Mn by 2026 end.
PVF (polyvinylfluoride): The PVF segment is expected to reach a market value of US$ 754.4 Mn by 2026 end.
PVDF (polyvinylidene fluoride): The PVDF segment is expected to grow at a CAGR of 5.2% between 2016 and 2026.
FEP (fluorinated ethylene-propylene): The FEP segment, expanding at a CAGR of 6.1% between 2016 and 2026, is anticipated to reach a market value of US$ 598.1 Mn by 2026 end.
Others: The others segment (ECTFE, PCTFE, etc.) is projected to create an incremental $ opportunity of US$ 44 Mn during the forecast period.
Leading Market Players dominating the global Fluoropolymer Films Market
Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global fluoropolymer films market. Some of the key players reported in this study on the global fluoropolymer films market include The Chemours Company, Arkema Group, Solvay sa, DAIKIN INDUSTRIES Ltd., Asahi Glass Co., Ltd., 3M Company, Saint Gobain S.A., Polyflon Technology Ltd., Dongyue Group Ltd, and Honeywell International Inc. Manufacturers are introducing new applications of fluoropolymer films; however, limited availability of resources, global digitization and climatic changes are some of the key challenges associated with the market growth.
Additional Questions Answered
What are the key concerns related to fluoropolymer films?
How is logistics and supply chain management a critical element (as it requires compliance from source to customer)?
Difference in marketing strategies by leading players in the fluoropolymer films market?
How are advertisements playing a key role in promoting fluoropolymer films?
How are companies leveraging social media & digital marketing for the sale of fluoropolymer films?
Which end-user base should be targetted?
Future Market Insights in its report titled “Fluoropolymer Films Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global fluoropolymer films market for a 10-year forecast period, 2016 – 2026. The report covers the important factors driving the growth of the global fluoropolymer films market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global fluoropolymer films market and other insights across various key segments. Among all fluoropolymer films, PTFE films registered the maximum production in 2016 and thus, the segment is anticipated to remain dominant. These films are suitable for a wide range of applications in chemical processing, electrical & electronics, packaging, medical & pharmaceutical and consumer products, owing to their low price and significant properties such as chemically inertness, high-temperature resistance, good electrical insulation and low coefficient of friction. However, the high cost of technology development and manufacturing of fluoropolymer films is anticipated to restrict the growth of the fluoropolymer film market.
The report identifies the drivers and restraints affecting the growth of the global fluoropolymer films market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market, resulting in better decision making. Macroeconomic factors and forecast factors that directly and indirectly affect the growth of the global fluoropolymer films market are also incorporated in the report. Fluoropolymer films are also registering prominent growth in the pharmaceutical sector, due to the rising demand for fluoropolymer films in the manufacturing of drug containers and delivery systems such as cap liners, plunger laminates, stoppers, and release films for skin mounted devices, and cryogenic sample bags, which are used in biotechnology and genetic studies.
Fluoropolymer films are relatively high value, low volume products as compared to some of the conventional commodity films and are used in certain specialty applications.
Some of the key manufacturers, in order to better cater to the specific demands from customers and strengthen their presence in the global fluoropolymer films market, have channelized resources towards developing novel product offerings characterised by enhanced chemical and/or physical properties.
Fluoropolymer Films Market: Segmentation
To understand and assess opportunities in the global fluoropolymer films market, we have divided the report into three sections:
Fluoropolymer Films Market by Product Type
Others (ECTFE, PCTFE, etc.)
Fluoropolymer Films Market by End Use
Automotive & Aerospace
Building & Construction
Electrical & Electronics
Industrial & Equipment
Fluoropolymer Films Market by Region
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
The market value for all segments has been represented in US$ Mn while the market volume has been represented in Tonnes.
The product type section of the report studies the market on the basis of various types of fluoropolymer films and also focuses on the new technological developments as well as product offerings in the global fluoropolymer films market. The regional section of the report highlights country-wise fluoropolymer films demand. It provides a market outlook for 2016–2026 and sets the forecast within the context of the global fluoropolymer films market.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the fluoropolymer films market on the basis of key manufacturers. Comprehensive profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the global fluoropolymer films market.
Fluoropolymer Films Market – Our Research Methodology
To deduce the fluoropolymer films market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by testing service type, sample type, end use and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses total revenue generated and expected revenue contribution by the global fluoropolymer films market.
The fluoropolymer films market report begins with sizing the base year in terms of value and volume. This forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the fluoropolymer films market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the chemical testing service market. To develop the market forecast, FMI has conducted a factor analysis to understand the impact of various forces/factors on the target market. However, quantifying the fluoropolymer films market across the above mentioned segments is more a matter of quantifying expectations and identifying opportunities.
Another key feature of this report is the analysis of the fluoropolymer films market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the fluoropolymer films market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective in the global fluoropolymer films market.
To understand the key segments in terms of their growth and performance in the global fluoropolymer films market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global fluoropolymer films market.
The report covers an in-depth analysis of all components of value chain in the fluoropolymers film market. In the final section of the report on the fluoropolymer films market, competitive landscape is included to provide a dashboard view of chemical testing service manufacturers, retailers and distributors in the country. The fluoropolymer films market report contains company profiles of some key players in the market.
The forecast has been conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated, presenting the clients with crystal clear insights and future opportunities as far as the global fluoropolymer films market is concerned.
Fluoropolymer Films Market: Competition Analysis
The report highlights some of the key companies operating in the global fluoropolymer films market such as The Chemours Company, Arkema Group, Solvay sa., DAIKIN INDUSTRIES Ltd., Asahi Glass Co., Ltd., 3M Company, Saint Gobain S.A., Polyflon Technology Ltd., Dongyue Group Ltd, Honeywell International Inc. Key market players are focussing on developing novel products and production technologies and decreasing the overall processing cost. Companies are primarily focusing on expansion strategies to increase their geographical presence and cater to the increasing demand for fluoropolymer film products.