The global Fluoropolymer Microcapillary Films Market size is expected to reach USD 2.22 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Key factors such as rising demand for consumer electronics and increasing use of fluoropolymer films in construction sector are some of the major factors driving market revenue growth.
Fluoropolymer is semi-crystalline compound compressed of fluorine and carbon molecules. It is widely used in various end-use industries such as electrical electronics, industrial, medical pharmaceutical, automotive aerospace, consumer products, food beverage, construction, and oil gas. Electrical electronics segment accounted for major revenue share in the global market in 2020. Increasing use of fluoropolymer films in the manufacture of semiconductors, batteries, solar glazing, and others is a major factor driving revenue growth of this segment.
North America market accounted for second-largest revenue share in the global market in 2020. Factors such as rapid advancements in construction sector, and increasing application of fluoropolymer films in electronics industries are key factors driving market revenue growth in this region.
Asia Pacific market accounted for a 32.8% revenue share in the global market in 2020 and is expected to register fastest CAGR than other regional markets over the forecast period. This can be attributed to rapid industrialization, and fast-paced development of automotive sector.
Europe market accounted for a significantly large revenue share in the global market in 2020 and is expected to register a substantially high revenue CAGR over the forecast period. Increasing demand for consumer electronics products, and need for fluoropolymer films for production of semiconductors and electronics are some of the key factors driving market revenue growth in this region.
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Major Companies Operating in the industry and profiled in the report are:
The Chemours Company, Saint-Gobain, 3M, Nitto Denko, Daikin, Honeywell International, DUNMORE, Guarniflon, AGC Chemicals, and Textiles Coated International.
Some Key Highlights From the Report:
In March 2021, AGC Chemicals Americas launched Fluon+ EM-20010 compounds composed of ethylene and tetrafluoroethylene (ETFE). It helps to prevent growth of viruses and bacteria and is designed for extruded film applications such as coverings for high-touch surfaces at hospitals, schools, office buildings, entertainment venues, restaurants, and hotels.
Polytetrafluoroethylene segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing application of polytetrafluoroethylene in manufacturing of electronics and electrical cables due to its various advantages such as cost-effectiveness, toughness, and non-flammable nature.
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Market Overview:
Chemical and manufacturing industry largely caters to a broad range of commodity-related manufacturing and include a wide variety of materials such as sand, gravel, stone, and chemicals. Increasing focus on development of sustainable chemicals and materials, advancements in the development of smart materials such as nanocomposites and other advanced composites, and growing popularity of 3D printing have significantly contributed to revenue growth of the market. In addition, rising emphasis on green building and construction have increased use of renewable resources and this is also a key factor driving market growth.
Key companies are engaged in developing advanced materials having robust characteristics and forming strategic alliances such as mergers and acquisitions, joint ventures, collaborations, and product launches among others to gain a robust footing in the market. The competitive landscape section offers a comprehensive analysis of the competitive landscape along with profiles of the companies, their product portfolios, and lucrative business strategies undertaken by them.
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Market segmentation based on Product Type:
Polytetrafluoroethylene (PTFE) Films
Polyvinylidene Fluoride (PVDF) Films
Fluorinated Ethylene Propylene (FEP) Films
Perfluoroalkoxy Polymer (PFA) Films
Ethylene Tetrafluoroethylene (ETFE) Films
Others
Market segmentation based on Application:
Electrical Electronics
Industrial
Medical Pharmaceutical
Automotive Aerospace
Consumer Products
Others
The regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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