Fluoropolymer Films Market trends research and projections for 2017- 2024

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Fluoropolymer Films Market growth drivers in 2017
Challenges by 2024 Global Market Insights, Inc.
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• Global Market Scenario of Polymer Industry

• Fluoropolymer Films Market to surpass USD 2
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. Increasing
  acceptance of these fluorine-based organic
  polymer films as an alternative to glass in the
  photovoltaic modules will boost the fluoropolymer
  films market size during the forecast timespan.
• Solar has been making a clear impact in recent
  years, with solar power contributing over 20 of
  the rise of global power in 2016. Solar
  photovoltaics have resulted in reduced carbon
  dioxide emissions by about 300 million tons
  annually.
• According to International Renewable Energy
  Agency (IRENA), reductions up to 3 gigatons of
  carbon dioxide per year can be achieved by 2030.
  Growing demand for photovoltaic modules will
  drive the demand of fluorine-based organic
  polymer films by the year 2024.
• The market will be driven by exceptional
  properties of fluoropolymer films for instance,
  UV resistance, chemical inertness, frictional
  resistance, dielectric properties, etc. Solar
  photovoltaics have resulted in reduced carbon
  dioxide emissions by about 300 million tons
  annually.

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• According to International Renewable Energy
  Agency (IRENA), reductions up to 3 gigatons of
  carbon dioxide per year can be achieved by 2030.
  Growing demand for photovoltaic modules will
  drive the demand of fluorine-based organic
  polymer films by the year 2024.
• Medical sector will also contribute to demand for
  fluoropolymer films in the forecast timespan. The
  product will find high applicability with
  modernization of drug delivery substances
  including plunger laminates, stoppers and cap
  liners, advanced drug containers by 2024.
  Increasing healthcare spending by various nations
  to meet the safety needs of rising populace will
  propel the fluoropolymer films market growth.

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• 360 Industry Analysis

• Fluoropolymers, which are the prime raw materials
  for the fluorine-based organic polymer films
  entail high pricing. Complex manufacturing
  techniques, high pricing and doubts amongst the
  consumers towards the fluorinated pollutants
  might hamper the fluoropolymer films market
  growth by 2024.
• Global fluorine-based organic polymer films
  market was led by PTFE films in 2016 with a
  massive share around 50. The low price and vast
  availability of PTFE resin will support the
  product demand. Features entailed by these films
  for example high thermal, chemical and
  electrical resistance and low frictional
  coefficient will attract their usage in various
  packaging applications as release films.

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• Regional Analysis

• Europe fluoropolymer films market held a share
  above 20 in the overall fluorine-based organic
  polymer films market during the year 2016
  however, the region shall have slow growth in the
  near future for being a matured industry. Asia
  Pacific will lead the market throughout the
  forecast period. The region marks the trends such
  as robust construction industry, low costs of
  production and significant collective solar
  capacity with China (78.1 GW) and Japan (42.8
  GW)..

• Competitive Analysis

• Major manufacturers include The 3M Company, The
  Chemours Company, Polyflon Technology Ltd.,
  DUNMORE Corp., Kureha Corporation, DAIKIN
  Industries Limited, Saint-Gobain S.A., SKC
  Corporation, Asahi Glass Co., etc. Companies have
  been adopting the expansion strategy for
  strengthening their geographical footprint in
  order to serve the growing demand for
  fluoropolymer film products. For instance, in
  August 2017, DAIKIN established a new subsidiary
  DAIKIN CHEMICAL SOUTHEAST ASIA CO. LTD. in
  Thailand. With this act, the company aimed at
  expanding its fluorochemical operations in the
  Southeast Asian industry to gain an edge over the
  competitors.

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