What is the future of Fluoropolymer-film Market? Know Covid Impact on Size, Share & Forecasts
June 30, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fluoropolymer-film Market.
It was estimated prior to this unanticipated outbreak that the Fluoropolymer-film Market was expected to grow at a CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Fluoropolymer is a type of polymer with carbon base along with fluorine. It is used in the form of coating at a number of places due to its properties such as resistance to temperature, corrosion, stress cracking, and chemical reaction.
Fluoropolymer is used as coating with different film types such as polytetrafluoroethylene, polyvinylidene fluoride, and others. Electronics, Medical, Automotive, Consumer Goods, and many other industries are the areas where fluoropolymer is used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the film type, the market is segmented as Polytetrafluoroethylene (PTFE) films, Polyvinylidene Fluoride (PVDF) films, Fluorinated Ethylene Propylene (FEP) films, Perfluoroalkoxy Polymer (PFA) films, Ethylene Tetrafluoroethylene (ETFE) films, and others. Polytetrafluoroethylene (PTFE) films are extensively used in aerospace & automotive and electrical & electronics, owing to their rich properties and cost-effectiveness.
Based on the application type, the market is segmented as electrical & electronics, industrial, automotive & aerospace, medical & pharmaceutical, consumer goods, and others. The electrical & electronics segment is projected to lead the market in the coming five years due to the use of fluoropolymer-films in the manufacturing of semiconductors and other industrial electronics.
In terms of regions, Asia-Pacific is expected to dominate the fluoropolymer-film market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing use of fluoropolymer-films in various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities in the coming five years.
Key Players:
Some of the fluoropolymer-film manufacturers are The Chemours Company, Compagnie de Saint-Gobain S.A., Nitto Denko Corporation, The 3M Company, Honeywell International, Guarniflon S p A, Textiles Coated International (TCI), and Chukoh Chemical Industries.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Fluoropolymer-film Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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