Asia Pacific Fluoropolymer Films Market to exceed $1.5 bn by 2026

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Asia Pacific Fluoropolymer Films Market to exceed
1.5 bn by 2026 Graphical Research
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APAC Fluoropolymer Films Market size will reach
USD 1.5 billion by 2026. The expanding
construction industry owing to growing population
and urbanization in the region is projected to
boost the Asia Pacific fluoropolymer industry
growth during the forecast timespan.   Asia
Pacific has the biggest automotive industry
globally with more than 40 million vehicles sold
each year. Countries including China, Japan, and
India are significantly contributing to higher
market share in automobile production. Moreover,
the growing economic condition in the region will
further boost the automotive industry over the
projected period of time. The rising demand for
electronics products over the region is expected
to drive the regional share. The expansion of
plant capacities and regional networks of
manufacturing industries in India and Japan will
support the industry expansion over the study
timeframe. The medical healthcare segment
possesses a significant growth potential owing to
the proliferating pharmaceutical industry and
healthcare sector in the region. This can be
attributed to the large population and growing
medical tourism in countries, such as India and
China, owing to quality services at low cost.
Furthermore, increasing health concerns and
medication requirements are prominently
escalating the utilization of medical devices and
drugs. The enhanced capabilities of PCTFE films
to be laminated on a variety of substrates
including amorphous polyethylene terephthalate
(APET), polyethy-lene-terephtalate glycol (PETG),
and PVC are beneficial for pharmaceutical
packaging. The increasing utilization of
fluoropolymer films in barrier films, packaging
materials of medical devices, and
corrosion-sensitive components will augment the
segment share over the projected timeframe.
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The construction segment possesses a substantial
growth potential owing to the increasing
utilization of fluoropolymer films in new
residential buildings and sports complexes. PVF
films are increasingly used for wall coverings,
residential commercial siding, trim accents,
stadium domes, flexible laminates, and building
panels. The expansion of the construction
industry with development of green buildings and
smart homes will prominently escalate the APAC
fluoropolymer films market size over the study
timeframe.   The industrial processing segment
was one of the most lucrative industries in the
APAC fluoropolymer films market owing to
increasing investments in expansion of chemical
factories across the region. Fluoropolymer films
are utilized as laminate films and release films
for compensators, seals, and expansion joints in
chemical industries. They are also used as
flexible liners in transfer systems, seal and
gasket designs owing to their high strength,
improved elongation, and dielectric strength. The
growing demand for release films, composite
sheets, and laminates for food processing,
baking, and grilling applications will further
escalate the segment size. The companies
operating in the industry are increasing their
production capacity to cater to the growing
product demand. For instance, in April 2017,
Arkema opened a new production facility in China
for Kynar fluoropolymer, with 25 increase in
production capacity of China. This strategic
initiative had generated a significant market
revenue and increased its production volume.
Other prominent players in the industry are 3M,
Solvay S.A., Daikin Industries, Ltd., Honeywell
Corporation, and Kureha Corporation.
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Segmentation of Asia Pacific Fluoropolymer Films
Market APAC Fluoropolymer Films Market, By
Polymer PVDF FEP PTFE PFA ECTFE APAC Fluoropolyme
r Films Market, By Application Construction Transp
ortation Electrical electronics The above
information is provided on a country basis for
the following Asia Pacific China India Japan Aust
ralia
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