North America Fluoropolymer Films Market to grow at 4.5% CAGR from 2020 to 2026: Graphical Research North American Fluoropolymer Films Market size is anticipated to exceed USD 745 million by 2026, according to a latest forecast report by Graphical Research. The market is evolving on account of the strong demand from the growing pharmaceutical industry, expanding construction sector, and proliferating electrical & electronics industry. An aging population along with an increase in the number of people with chronic diseases is contributing towards higher demand for medication. In the US, 6 in every 10 adults have a chronic disease, which is promoting the growth of the pharmaceutical industry. Therefore, pharmaceutical packaging plays a crucial role to ensure the stability and protection of pharma products. Fluoropolymer films exhibit excellent properties, such as weather stability, chemical resistance, low dielectric constant, and low friction coefficient. The unique traits make fluoropolymer films a suitable product for pharmaceutical applications. Blister packaging is one of the wide-scale applications for external protection within the industry.
Among all fluoropolymer film material, polytetrafluoroethylene (PTFE) acquired more than 37% of the market share in North America in terms of value. This is specifically due to the unique properties of the material, which makes it a strong, tough, waxy, nonflammable synthetic film. PTFE holds the ability to withstand temperatures up to 260°C without losing any physical property, which makes it ideal for high-temperature fluid transfer applications in automotive. Moreover, owing to the excellent properties, fluoropolymer films are widely accepted for industrial processing. Hence, in the application segment, industrial processing emerged to be a major revenue-generating source for the market. It accounted for almost 40% of the market share in 2019 in terms of revenue. The robust demand is attributed to its efficiency to offer an optimum combination of solar light transmission, outdoor durability, and UV resistance making them ideal for applications in solar PV modules. Additionally, Excellent dielectric performance and fire resistance are majorly contributing towards their utilization in back sheets and front sheet glazing, further driving the segment size. The COVID-19 pandemic, however, had its tally on the growth of the fluoropolymer films market. A sudden decline was witnessed in the economic growth indicators, including employment rate and GDP. The industry was adversely affected in the first two quarters of 2020. The unavailability of raw materials as a result of a restricted supply chain and stringent lockdown measures reduced the market demand. Bu with the revival of the economy and removal of the restriction, the industry is expected to gain its previous growth trend, thereby, stimulating growth opportunities for industry participants.
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Some of the key manufacturers include AGC Chemicals Americas, The Chemours Company, 3M, Arkema Group, Saint-Gobain Corporation, Honeywell Corporation, Dumore Corporation, SKC Corporation, Roger corporation, Solvay Inc., Daikin Group, AGC Chemicals Americas, and Textiles Coated International. Browse key industry insights from this 2020 report North America Fluoropolymer Films Market in detail along with the table of contents at https://bit.ly/341s5yp
https://bit.ly/2PYyIhB http://bit.ly/3kDAn6V Segmentation of North America Fluoropolymer Films Market:
North America Market, By Polymer • • • • • • • • • •
Fluorinated Ethylene Propylene (FEP) Polyvinylidenefluoride (PVDF) Polytetrafluoroethylene (PTFE) Ethylene Tetrafluoroethylene (ETFE) Perfluoroalkoxy Alkane (PFA) Ethylene ChloroTriFluoroEthylene (ECTFE) Polychlorotrifluoroethylene (PCTFE) Ethylene Tetrafluoroethylene (ETFE) THV Polyvinyl Fluoride (PVF)
North America Market, By End-user • • • • •
Transportation Construction Industrial Processing Electrical & Electronics Others
The above information has been provided for the following countries: •
North America • U.S. • Canada
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