Expansions, Acquisitions, New Product Developments, and Partnerships were Key Strategies Adopted by Major Players to Achieve Growth in the Global Fluoropolymer Films Market Between 2015 and 2017.
The fluoropolymer films market size is projected to reach USD 2.62 Billion by 2022, at a CAGR of 5.9% 2017 and 2022. Fluoropolymer film is a base material with significant physical properties, such as high-temperature tolerance, low coefficient of friction, chemical inertness, weather/UV resistance, and negligible moisture absorption. These films also have excellent optical and dielectric properties. Its unique capabilities make it preferable across applications, such as electrical & electronics, medical & pharmaceuticals, automotive & aerospace, and industrial. These films can be heat-sealed, metalized, laminated, thermoformed, welded, and die-stamped. These films have superior dielectric properties across a wide temperature and frequency range.
Expansions, acquisitions, new product developments, and partnerships were key strategies adopted by major players to achieve growth in the global fluoropolymer films market between 2015 and 2017. Major players in the fluoropolymer films market are The Chemours Company (US), Saint-Gobain (France), Nitto Denko (Japan), 3M (US), Daikin (Japan), Honeywell International (US), DUNMORE (US), Guarniflon (Italy), ACG Chemicals (Japan), and Textile Coated International (US).
Daikin adopted expansions and acquisitions as its major strategies to increase its presence in the market and to cater the increasing demand for fluoropolymer films products. In August 2017, Daikin established a new subsidiary, DAIKIN CHEMICAL SOUTHEAST ASIA in Thailand to increase the sales of fluoropolymer and fluoroelastomer products to the automotive industry. With this expansion, the company aims to expand its fluorochemical business in the Southeast Asian market. In the same year, Daikin planned to acquire Heroflon (Italy), a manufacturer of high-performance fluoropolymer compounds and micro-powders focusing on PTFE. With this acquisition, the company expects to enter the compound business for fluoropolymers and utilize its global network to expand sales of Heroflon’s products.
The Chemours Company adopted expansions as its major strategy to strengthen its R&D capacities. In February 2017, The Chemours Company in partnership with the University of Delaware conducted a groundbreaking ceremony to build a new state-of-the-art research and innovation facility at the University of Delaware's Science, Technology and Advanced Research (STAR) Campus. The state-of-the-art facility will be named as The Chemours Discovery Hub. The company plans to invest USD 150 million for this expansion and expects to conduct research focused on new process, product, and application development at this facility.
Related Reports:
Fluoropolymer Films Market by Type (PTFE, PVDF, FEP, PFA, ETFE Films), Application (Electrical & Electronics, Industrial, Automotive & Aerospace, Medical & Pharmaceutical, Consumer Products), and Region - Global Forecast to 2022
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