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North America Fluoropolymer Films Market Size By End-user (Transportation, Construction, Industrial Processing, Electrical & Electronics), By Polymer [FEP (Fluorinated Ethylene Propylene), PVDF (Polyvinylidenefluoride), PTFE (Polytetrafluoroethylene), ETFE (Ethylene Tetrafluoroethylene), PFA (Perfluoroalkoxy Alkane), Ethylene ChloroTriFluoroEthylene (ECTFE), Polychlorotrifluoroethylene (PCTFE), ETFE (Ethylene Tetrafluoroethylene), THV, Polyvinyl Fluoride (PVF)], Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026
Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1647 | Delivery : PDF  Request Free Sample

North America Fluoropolymer Films Market size surpassed USD 548.0 Mn in 2019 and is predicted to expand at 4.5% CAGR between 2020 and 2026. The robust growth is attributed to the rising applications in industrial processing and the growing pharmaceutical industry.

North America Fluoropolymer Films Market

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The growing pharmaceutical industry is significantly contributing to the growth of the North American fluoropolymer film industry. Some of the key factors ensuring the progress of this sector are an aging population and a significant portion of the US population affected with chronic disease. According to the US Department of Health & Human Services, every 6 in 10 adults are affected with at least one chronic disease and every 4 in 10 adults have two or more chronic diseases in the United States. This, in turn, is driving the demand for pharmaceutical products in the region.

To ensure the stability and protection of pharma products, fluoropolymer film is extensively used as a packaging material in the sector. The material is preferred due to its properties, which exhibit weather & chemical resistivity, low dielectric constant, and low friction coefficient. Some of the healthcare application of fluoropolymer films is in drug containers, delivery systems, cap liners, plunger laminates, cap liners, and stoppers. Collectively these factors among others will fuel the growth of the medical & healthcare sector in the future and has been expected to be the fastest-growing segment, reflecting a CAGR of 4.8% during the estimation period.

North American Market, By End-use

The Electrical & electronics sector has also been a significant driver of the market size. Fluoropolymers such as PVDF and FEP is widely used in this sector.  Their strong demand is due to increased applications in semiconductor encapsulation, electronic display, dielectric insulation, and wires & cables. Moreover, perennial technological developments in the electronics sector are further expected to escalate the market size.

In the first and second quarter of 2020, the widespread covid-19 pandemic hampered the growth of the North America fluoropolymer films market. With the stringent lockdowns imposed by governments in order to contain the contagious virus, the manufacturing operations were adversely affected. A temporary hold on the supply chain was observed due to restrictions on the movement of goods, leading to a downfall in the market growth. However, with the reviving economy and lifting trade restrictions, the North American market is anticipated to recover dynamically and obtain its normal growth trend.

North American Market, By Polymer

Meanwhile, robust demand for Polytetrafluoroethylene (PTFE) in industrial processing applications is ensuring the growth of the market. Among the various polymer types, PTFE held over 37.3% industry share in North America. The demand for PTFE films can be ascribed to its unique properties, which makes it a tough, waxy, strong, and non-flammable synthetic film. The material can maintain its physical properties up to a temperature of 260°C, making it an ideal choice for high-temperature applications.

Competitive Industry Landscape

The key players operating in the market 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.
 

Frequently Asked Question(FAQ) :

The industry share of North America fluoropolymer films is projected to expand at 4.5% CAGR during 2020 to 2026.
The market size of North America fluoropolymer films was valued over USD 548 million in 2019.
The medical & healthcare sector Is expected to be the fastest-growing segment, reflecting a CAGR of 4.8% during the estimation period, 2020 to 2026.
The prominent players operating in the market include AGC Chemicals Americas, The Chemours Company, 3M, Arkema Group, Saint-Gobain Corporation, Honeywell Corporation, Dumore Corporation, SKC Corporation.

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