Fluoropolymer Films Market Share in North America 2020 - Industry Growth Forecast by 2026

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North America Fluoropolymer Films Market to
Surpass 745 Mn by 2026 Graphical Research
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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 260C
without losing any physical property, which makes
it ideal for high-temperature fluid transfer
applications in automotive.
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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.    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.
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Segmentation of North America Fluoropolymer Films
Market North America Market, By
Polymer Fluorinated Ethylene Propylene
(FEP) Polyvinylidenefluoride (PVDF) Polytetrafluor
oethylene (PTFE) Ethylene Tetrafluoroethylene
(ETFE) Perfluoroalkoxy Alkane (PFA) Ethylene
ChloroTriFluoroEthylene (ECTFE) Polychlorotrifluor
oethylene (PCTFE) Ethylene Tetrafluoroethylene
(ETFE) North America Market, By
End-user Transportation Construction Industrial
Processing The above information has been
provided for the following countries North
America U.S. Canada
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