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North America Fluoropolymer Films Market to Expand at 4.5% CAGR and Register $745 Mn by 2026

Author : Ronak Bora | Published Date : 2021-08-27 

According to the credible reports, North America fluoropolymer films market is projected to record a valuation of USD 745 million by 2026, given the prominence of below mentioned trends. Considerable growth in the prominent sectors of North America such as pharmaceuticals, construction and electrical & electronics, has instigated the demand for efficient packaging, encapsulation and coating materials in the region. Fluoropolymer films, in the regard, are witnessing huge demand over a while now. With the elevating product demand, North America fluoropolymer films market is expected to exhibit a commendable growth over the forthcoming years.

Although fluoropolymer films are in high demand across different sectors, they are relatively more popular in the pharmaceutical industry. This is majorly due to the presence of aging population suffering from chronic disorders in the region.

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According to the US Department of Health & Human Services, every 6 out of 10 adults have at least one chronic disease and every 4 out of 10 adults are affected with two or more chronic disorders in the country. This is fueling the demand for pharmaceutical products in the region which in turn, is increasing the adoption of North America fluoropolymer films market.

Growing demand in pharmaceutical sector

Fluoropolymer films are extensively used as a packaging material in pharma companies to ensure stability and protection of the products. This can be attributed to the product’s excellent material properties such as resistance to weather and chemical, low friction coefficient and low dielectric constant. These films find important applications in drug containers, cap liners, delivery systems, plunger laminates, stoppers, etc. Collectively these factors, among others, are propelling the growth of medical & healthcare segment in North America fluoropolymer films market. Reportedly, the segment is anticipated to register a robust CAGR of 4.8% through 2026.

Increasing adoption of polytetrafluoroethylene (PTFE)

Fluoropolymer films are available in various types. Out of these, polytetrafluoroethylene (PTFE) is gaining higher prominence in the market. According to the report estimations, PTFE segment had captured over 37% market space in the past owing to the elevated product demand given its unique properties which makes it tough, strong, waxy, nonflammable synthetic film. In addition, it can sustain the temperatures of up to 260°C without losing its physical properties, which makes it highly suitable for high-temperature fluid transfer applications.

Heightened adoption in electrical & electronics industry

Fluoropolymers such as FEP and PVDF are widely used in electrical & electronics sector owing to their important applications in semiconductor encapsulation, dielectric insulation, electronic display and wires and cables. Besides, ongoing technological development in the electronics sector is also complementing the product adoption in the North America fluoropolymer films market.

Growing product application in industrial processes

As fluoropolymer films exhibit superior properties, they are widely being used in industrial processing. This is majorly due to their efficiency to provide optimum combination of solar light transmission, UV resistance and outdoor durability that makes them appropriate for applications in solar PV modules. Besides, its excellent dielectric performance and fire resistance are also favoring their adoption in back sheets and front sheet glazing.

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Considering these factors, industrial application segment is registering substantial gains in the market. Reportedly, it had held a sizeable market share of around 40% in 2019.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.2    Market estimation & forecast parameters

1.3    List of Data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    North America Fluoropolymer Films market snapshot

Chapter 3   North America Fluoropolymer Films Industry Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2016 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1647/north-america-fluoropolymer-films-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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