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The future of the fluoropolymer film market looks promising with opportunities in the electrical and electronics, construction, packaging, transportation, and industrial sector. The fluoropolymer film market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.6 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. The major growth drivers for this market are increasing demand in the medical packaging industry and growth in the solar photovoltaic and construction industries.
Emerging trends, which have a direct impact on the dynamics of the fluoropolymer film industry, include usage of functional fluoropolymer films to encapsulate solar panels on building exteriors, increasing deployment of fluoropolymer films in electrochemical devices, and increasing usage in innovative green technology.
A total of 116 figures / charts and 86 tables are provided in this 192 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this fluoropolymer film market report, download the report brochure.
In this market, electrical & electronics is the largest segment by end use, whereas PVDF is largest by product type. Growth in various segments of the fluoropolymer film market are given below:
Fluoropolymer Film Market by Segments