March 26, 2021
According to the research report titled ‘Europe Fluoropolymer Films Market Size, By End-user Industry, By Polymer, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe fluoropolymer films market is estimated to surpass USD 500 million threshold by the year 2026.
Widespread product adoption in the electronics sector coupled with flourishing construction vertical are some of the primary growth stimulants Europe fluoropolymer films market. Fluoropolymer films are known to offer robust mechanical strength at low temperature environments, further complying with bio-compatible and physical requirements in the pharmaceutical sector.
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Thus, growing adoption of fluoropolymer films from pharma companies coupled with rising demand for material intensive packaging solutions that provide high convenience and protection are stimulating the industry outlook in Europe.
Growing investor confidence, improving economic conditions, and surging investments towards housing, energy, and infrastructure projects are also fueling the demand for fluoropolymer films across the region.
Flourishing healthcare sector owing to growing middle-class as well as aging population is also adding traction to Europe fluoropolymer films market size. Fluctuating prices of raw materials and high costs associated with the product could, however, restrain the market expansion.
As per polymer type, the report states that polyvinylidene fluoride (PVDF) segment accounted for the largest share in Europe fluoropolymer films industry in 2019 and is likely to depict consistent growth trends in the forthcoming years. PVDF is basically a highly non-reactive thermoplastic fluoropolymer which is extensively used across several end-user industries.
In addition, growing demand for technologically advanced products coupled with widespread usage of PVDF in applications such as wires & cables, dielectric insulation, electronic display, and semiconductor encapsulation are favoring the overall market scenario.
SKC Inc., Dunmore Corp., Fluortek AB, Polyflon Technology Ltd., AGC Inc., Honeywell International Inc., Compagnie de Saint-Gobain S.A., Kureha Corporation, Arkema S.A., Daikin Industries Ltd., The Chemours Company, and 3M Co. are the key participants in Europe fluoropolymer films market.