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In terms of volume, the global fluoropolymer films market is projected to cross 59,000 tonnes by the end of 2026, registering a CAGR of 5.3% over the forecast period (20162026). In terms of value, the global fluoropolymer films market was estimated to reach nearly US$ 1,500 Mn by 2016 end and is anticipated to increase to nearly US$ 2,600 Mn by 2026 end, exhibiting a CAGR of 6.1% over the forecast period. Asia Pacific Excluding Japan (APEJ) is expected to exhibit promising growth in the global fluoropolymer films market, registering a value CAGR of 6.6% over the forecast period. Driven by sales growth of fluoropolymer films across various end-use applications, the APEJ market is expected to witness a sustainable growth rate over the coming years. India and China are likely to provide substantial opportunities in the global fluoropolymer films market through 2026.
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Superior properties of fluoropolymers, leading to their increased utilisation in various applications, are expected to drive revenue growth of the global fluoropolymer films market
Increasing demand for fluoropolymer films from various end use industries owing to their superior properties is expected to drive overall revenue growth of the global fluoropolymer films market during the forecast period. Fluoropolymer films are also utilised in solar PV modules as front sheets. Record deployment and rapid expansion of solar photovoltaic modules across the globe is anticipated to boost the demand for fluoropolymer films in the coming years. However, factors such as high prices and relatively more complex manufacturing processes are likely to challenge revenue growth of the global fluoropolymer films market.
Performance analysis of the product type segment
On the basis of product type, the global fluoropolymer films market is segmented into PTFE (Polytetrafluoroethylene), FEP (Fluorinated Ethylene Propylene), PFA (Perfluoroalkoxy Alkane), PVA (Polyvinyl Fluoride), PVDF (Polyvinylidene Fluoride), ETFE (Ethylene tetrafluoroethylene), and others, which include ECTFE, PCTFE, etc. The PTFE segment is projected to account for a major share of the global fluoropolymer films market through 2026. Growth of the PTFE segment is expected to remain high over the forecast period, accounting for approximately one third of the total market share in terms of volume. Expanding at a healthy growth rate, the PVF segment is expected to create significant growth opportunities over the coming years. The PTFE segment, in value terms, is anticipated to exhibit a CAGR of 6.7% over the forecast period to reach a market value of nearly US$ 700 Mn by the end of 2026. The demand for PTFE and PVF is expected to remain high across different regions. On the other hand, the PVDF segment is estimated to exhibit a steady growth rate through the forecast period. The ETFE segment, registering a CAGR of 5.5%, is estimated to represent 4.2% revenue share in the global fluoropolymer films market by 2026 end.
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Market analysis of the product type segment
PTFE: The PTFE segment is anticipated to create incremental $ opportunity of nearly US$ 330 Mn by 2026 end
PVF: The PVF segment is expected to reach a market value of nearly US$ 800 Mn by 2026 end
PVDF: The PVDF segment is anticipated to exhibit a CAGR of 5.2% between 2016 and 2026
FEP: The FEP segment, registering a CAGR of 6.1% between 2016 and 2026, is anticipated to reach a market value of nearly US$ 600 Mn by 2026 end
Others: The Others segment (ECTFE, PCTFE, etc.) is projected to create incremental $ opportunity of US$ 44 Mn during the forecast period. Analyst Viewpoint
Reduction in processing cost and development of high grade films presents a huge opportunity in the global fluoropolymer films market
The global market for fluoropolymer films is becoming price competitive. The companies supported by back integration i.e. who also manufacture the resin, hold a vantage point in terms of more flexibility in end product prices and discounts. In order to capitalise on the increasing demand from different end-use industries, reduction in overall processing cost without compromising on the product quality can provide significant growth opportunities for fluoropolymer film manufacturers across the globe.
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