Fluoropolymer Films Market Analysis

Global Fluoropolymer Films Market Overview

Fluoropolymer Films Market Size was valued at USD 2.4 Billion in 2023. The Fluoropolymer Films Market industry is projected to grow from USD 2.52 Billion in 2024 to USD 3.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.18% during the forecast period (2024 - 2032). Increasing usage in the electrical and electronics industries, as well as investments in healthcare by many countries, are the key market drivers enhancing the Fluoropolymer Films Market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fluoropolymer Films Market Trends

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  Increased adoption in the electrical and electronics industries drives market growth

  
  

Market CAGR for fluoropolymer film used in the electrical and electronics industries is likely to fuel market growth throughout the forecast period. Fluoropolymer films consisting of FEP, PFA, ETFE, Matte ETFE, and cast PTFE have excellent dielectric properties as well as chemical and temperature resistance and weldability. Fluoropolymer films are utilized in a range of electrical applications, including circuit board laminates and high-temperature insulation tapes for wrapping wire and cable. ETFE films are used as release films in electronics because they retain their exceptional release capabilities and minimal cushioning at high temperatures.

It is also employed as a cushioning or releasing media in the Film Assisted Moulding (FAM) procedures used to build semiconductors and integrated circuits. Fluoropolymer films increase productivity by removing the need to clean the mould between uses and lowering the release force required to withdraw the integrated circuit from the mould. As a result, these factors will drive market expansion over the forecast period.

The pharmaceutical industry's increasing demand for blister packaging is expected to drive the expansion of the worldwide fluoropolymer film market. It is a pocket or cavity composed of thermoformed plastic. The lidding seal of blister packaging is commonly made of Aluminium foil or plastic. Blister packing is useful for preserving products from outside elements like moisture and preventing contamination. As a result, the growing need for blister packaging from the pharmaceutical industry is moving the fluoropolymer film market forward.

The fast expansion of the medical and pharmaceutical industries, mostly due to rising population, urbanization, rising disposable income, and rising demand for innovative medical equipment across regions, is driving market growth. Furthermore, rising investment in healthcare services is bolstering the medical and pharmaceutical industries. As an example In 2014, China spent 5.6 per cent of its GDP (USD992 billion) on health care, with 38 per cent financed by publicly financed health insurance, private health insurance, or social health donations, and 30 per cent financed by the central government and local governments.

The Australian Government announced in 2018 that it will invest $1.3 billion in the Health and Medical Industry Growth Plan to usher in a new age of improved healthcare in Australia. Thailand, according to the Thailand Board of Investment, is currently a prominent player in the $2.3 trillion medical business. The market will flourish as a result of cumulative healthcare spending by various countries in order to meet the safety needs of a growing population, which will act as a driver throughout the projected period.

Fluoropolymer Films Market Segment Insights

Fluoropolymer Films Type Insights

The Fluoropolymer Films Market segmentation, based on type includes PTFE, PVDF, FEP, PFA, ETFE, and PCTFE. The PTFE segment is predicted to increase at the quickest rate over the projection period due to its strong dielectric and chemical resistance capabilities, as well as its ability to absorb UV electromagnetic energy. Furthermore, it can be used in both extremely low (-530 K) and highly hot temperatures. These properties are found in a wide range of products, including semiconductors, electrical appliances, auto parts, and nonstick frying pans. Furthermore, as the price of raw materials used to make resins, pigments, and fillers has risen over time, so has the price of PTFE. Gujarat Fluorochemical Limited, for example, use INOFLON PTFE Resins, engineering plastic intended for superior performance under the most demanding conditions.

Figure1:  Fluoropolymer Films Market, by Type, 2022&2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fluoropolymer Films Application Insights

The Fluoropolymer Films Market segmentation, based on Application, includes Electrical & Electronics, Construction, Automotive, Aerospace and Others. The construction category dominates this category due to the increasing usage of innovative technologies and materials, which helps the growth of the Fluoropolymer Films Market. The use of fluoropolymer films has established significant potential in the construction sector by providing architects with a wide choice of aesthetically acceptable options. Furthermore, due to the extreme lifetime of fluoropolymer films, they are totally recyclable and have no negative environmental impact. Electrical and electronics are the most common applications for fluoropolymer films. These films are widely utilized in the production of semiconductors, LCDs, OLEDs, laptops, PCs, and smartphone displays.

Fluoropolymer Films Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Fluoropolymer Films Market area will dominate this market, owing to the major developments in the region. The rapid expansion of the areas' medical, hospital, and dental service industries drives market growth.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2:  FLUOROPOLYMER FILMS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Fluoropolymer Films Market accounts for the second-largest market share growing population and increasing disposable income demands for high-quality medical facilities which will increase the demand for fluoropolymer films in the region. Further, the German Fluoropolymer Films Market held the largest market share, and the UK Fluoropolymer Films Market was the fastest-growing market in the European region

The Asia-Pacific Fluoropolymer Films Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of several smart city projects and increased investment in the construction sector, this region has become a highly profitable market for fluoropolymer films. Moreover, China’s Fluoropolymer Films Market held the largest market share, and the Indian Fluoropolymer Films Market was the fastest-growing market in the Asia-Pacific region.

Fluoropolymer Films Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fluoropolymer Films Market. grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Fluoropolymer Filmsindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Fluoropolymer Films industry to benefit clients and increase the market sector. In recent years, the Fluoropolymer Films industry has offered some of the most significant advantages to medicine. Major players in the Fluoropolymer Films Market, including Evonik Industries (Germany), ASAHI GLASS CO. LTD. (Japan), NITTO DENKO CORPORATION (Japan), 3M (U.S.), Honeywell International Inc (U.S.) and others, are attempting to increase market demand by investing in research and development operations.

Arkema S.A. is a publicly traded multi-national maker of specialized materials based in Colombes, France, near Paris. Adhesives, advanced materials, and coatings are its three specialized materials segments (or divisions). A separate section discusses chemical intermediates. The company was founded in 2004 as part of Total's restructuring of its chemicals division, and it went public on the Paris stock exchange in May 2006. In 2021, turnover was €9.5 billion. Arkema has over 55 nations, 20,200 people, 13 research centres, and 144 manufacturing sites. January 2022,  Arkema has increased PVDF capacity at its Pierre-Bénite plant in France by 50%. Arkema intends to use this expansion to accelerate its growth in China and meet the strong demand from its lithium-ion battery partner clients. 

AGC Inc, headquartered in Tokyo, is a Japanese worldwide glass manufacturing firm. It is the world's largest glass company and one of Mitsubishi's primary businesses. The company is a component of the TOPIX and Nikkei 225 stock indices and is traded on the Tokyo Stock Exchange. Toshiya Iwasaki, the second son of the first Mitsubishi Zaibatsu's second president, founded Asahi Glass on September 8, 1907. It was the first Japanese sheet glass manufacturer. Asahi Glass Co. is one of the world's leading flat glass producers, holding Glaverbel glass factories in Europe and AFG Industries in North America. It acquired AFG Industries. In March 2021, AGC Chemicals Americas debuted tetrafluoroethylene (ETFE) and ethylene-based Fluon+ EM-20010 compounds.

Key Companies in the Fluoropolymer Films market include

• The Chemours Company (US)


• Saint-Gobain (France)


• 3M (US)


• Nitto Denko (Japan)


• Daikin (Japan)


• Honeywell International (US)


• DUNMORE (US)


• Guarniflon (Italy)


• AGC Chemicals (Japan)


• Textiles Coated International (US)


• Rogers Corporation (US)

Fluoropolymer Films Industry Developments

November 2022, Solvay and Orbia established a joint venture framework agreement to develop suspension-grade polyvinylidene fluoride (PVDF). The firms invested USD 850 million in this venture.

May 2021, Arkema will purchase Agiplast, a pioneer in the regeneration of high-performance polymers. With the acquisition, Arkema is now fully equipped to meet client's needs for material circularity and the market's rising demands. Furthermore, this acquisition will aid Arkema in fully integrating producers of high-performance polymers made from recycled and biobased materials.

 March 2020, Enhance Technologies devised a method for removing perfluoroalkyl substances (PFAS), such as perfluorooctanoic acid (PFOA), from fluoropolymer resins. PFAS species are prevalent in ordinary consumer goods and are widely used in the fluoropolymers sector, despite rising concerns about their impact on human health and the environment.

Fluoropolymer Films Market Segmentation

Fluoropolymer Films Market By Type Outlook

• PTFE


• PVDF


• FEP


• PFA


• ETFE


• PCTFE

 Fluoropolymer Films Market By Application Outlook

• Electrical & Electronics


• Construction


• Automotive


• Aerospace


• Others

Fluoropolymer Films Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America