Fluoropolymer Films Market Assessment, By Product Type, By Application, By End-user, By Region, Opportunities and Forecast, 2017-2031F
全球含氟聚合物薄膜市場規模預計將從 2023 年的 18.9 億美元增至 2031 年的 26.9 億美元，2024-2031 年預測期間複合年增長率為 4.5%。
由於半導體應用需求的增加、太陽能等再生能源、高強度屋頂結構和工業加工設備導致的能源需求增加等主要驅動因素，含氟聚合物薄膜市場呈現顯著成長。含氟聚合物薄膜具有耐化學性、光學透明、熱穩定性、耐候性和抗紫外線 (UV) 等特點，使其在汽車、半導體、航空航天和建築等重要領域越來越受歡迎。除了這些令人驚嘆的特性外，含氟聚合物薄膜還用作防塗鴉罩、汽車安全氣囊系統和麥克風駐極體薄膜。因此，半導體產業和建築業正在推動含氟聚合物薄膜市場的成長。此外，最近與含氟聚合物薄膜相關的技術創新將增加全球產業的材料供應並促進市場成長。
技術的進步極大地連接了世界，其中半導體的貢獻可以被認為是一個重要因素。含氟聚合物薄膜是半導體元件，可顯著提高晶片產量、保持一致的微設計、最大限度地減少停機時間並改善加工。含氟聚合物具有在高溫下穩定的獨特性能，這使得半導體能夠以更高的能源效率和更低的缺陷率發揮作用。在半導體產業中使用含氟聚合物薄膜具有許多優勢，包括提高傳輸速度、更高的耐化學性和純度，以及比相關組件延長 3-4 倍的使用壽命。在半導體製造流程中，含氟聚合物可用於生產核心基礎設施機械和化學品分配系統。因此，半導體產業的整體利好因素正在促進含氟聚合物薄膜市場的成長。
Global fluoropolymer films market is projected to witness a CAGR of 4.5% during the forecast period 2024-2031, growing from USD 1.89 billion in 2023 to USD 2.69 billion in 2031. Fluoropolymer films are progressively designed for driving connectivity and developing network infrastructure that is powered by semiconductors and circuit boards. For instance, in October 2023, China's huge semiconductor state fund invested around USD 2 billion in Changxin Xinqiao a memory chip company to fulfil the requirement of electronics demand.
The rising infrastructure projects in various construction sectors at the global level are significantly propelling the growth of the fluoropolymer films market. For illustration, France, a developed country with around 67 million population, has progressively accomplished new industry establishment. In June 2023, France successively invested in STMicroelectronics with a huge sum of USD 3.10 billion to build a semiconductor factory in Crolles, southeastern France.
The fluoropolymer films market is experiencing massive growth due to several key drivers, such as growing demand for semiconductor applications, rising energy demand from renewable sources like solar energy, highly resistant roof structures, and industrial processing equipment, among others. Fluoropolymer films offer chemical resistance, optical transparency, thermal stability, and weather and ultraviolet (UV) resistance, which extends its application in prominent sectors, including automotive, semiconductors, aerospace, construction, and others. In addition to such incredible properties. fluoropolymer films are also used as anti-graffiti coverings, automotive airbag systems, and microphone electret membranes. Consequently, the semiconductor and construction industries are propelling the growth of the fluoropolymer films market. Additionally, recent technological innovations related to fluoropolymer films will increase the supply of material in the global industry, thereby favoring market growth.
The advancement in technology has substantially connected the world where the contribution of semiconductors can be recognized as a prominent component. Fluoropolymer films are building blocks of semiconductors that significantly maximize chip yields, keep consistent micro-design, minimize downtime, and improve processing. Fluoropolymers possess unique properties that deliver stability at high temperatures, which enables semiconductors to work with higher energy efficiency and lower defectivity. There are numerous excellent benefits of incorporating fluoropolymer films in the semiconductor industry enhancement in transmission speeds, imparting high chemical resistance and purity, and increased lifespan of associated components by up to 3-4 times. During semiconductor fabrication, fluoropolymer successively enables the production of core infrastructure machines and chemical distribution systems. Hence, the overall positive market factors for the semiconductor industry contribute to the growth of the fluoropolymer films market.
For instance, according to the recent data released by the Consumer Technology Association, in 2022, the United States consumer technology industry was estimated to have generated over USD 505 billion in retail sales revenue. In 2022, IBM generated a revenue of USD 60.5 billion, consequently leading to a revenue growth of around 12%. They have successfully invested around USD 2 billion and assisted in acquiring 8 companies. In addition, the data published by Europe Journal describes the semiconductor industry's growth where the European Union (EU) has significantly fascinated nearly USD 100 billion investments stated by the European Union (EU) Commission chief.
Civil engineering projects are an integral part of the development of a nation where significant contributions can be recognized in enhancing the country's GDP. Fluoropolymer films are successively delivering sustainable solutions in the construction and infrastructure segment by imparting characteristics like anti-graffiti coverings, water-repellent architectural fabrication, and prevention of materials from extreme corrosive conditions, among others. These fluoropolymer films are progressively used in cladding applications like roofing and facade construction. Fluoropolymer films possess excellent chemical, thermal, and oxidative stability and hence, are suitably used as construction materials. Accounting to the above-mentioned factors, fluoropolymer films market is anticipated to experience massive growth due to the propelling construction industry.
For instance, in May 2022, the Biden administration cleared a huge amount of USD 550 billion to ensure substantial upgrades across infrastructure projects, including roads, bridges, and dams. Furthermore, a long bridge in Saudia Arabia is coming into existence, which connects the intersection with the Riyadh-Jeddah highway. Moreover, according to the data released by the European Steel Association (EUROFER), in 2022, the volume of production in the construction sector across the European Union substantially grew by 4.8% as opposed to the year 2021. A recent report by the Canadian Construction Association states that the construction industry accounts for 7.4% of its gross domestic product (GDP) and generates a revenue of around USD 151 billion. As a result, the booming construction activities at the global level are driving the adoption of fluoropolymer films, which is amplifying the market growth.
The population explosion in Asia-Pacific countries, such as India and China, has increased the demand for developing innovative technologies to accelerate the production of semiconductors, electronic gadgets, LCDs, etc. The growing economy of countries like China, South Korea, India, and Indonesia is an accumulative outcome of numerous construction projects and advancements in the automotive sector. These countries have also adopted measures to incorporate sustainable goals and reduce carbon emissions by implementing various renewable projects and power plants.
For instance, in November 2022, a joint venture between Sony Group Corp and NEC Corp in Japan successfully urged investing around USD 500 million to commence and establish Japan as a huge production hub for developing advanced chips. India has established a massive infrastructure for taking the country to the progressive map of sustainable goals and incorporated numerous projects in the solar industry and photovoltaic industry. Likewise, under the China Belt and Road Initiative (BRI), the investment in road projects 2022 was USD 67.8 billion. China State Railway Group in August 2022 has progressively commissioned huge investments to enhance the railway network across the country by 2035. Therefore, with such a definite investment, the Asia-Pacific region is considered a prominent contributor to the growth of the fluoropolymer films market.
The shutdown of construction and transportation industries deteriorated the economic stability across various regions in the year 2020. The revenue for electronic sector also drastically reduced during the pandemic due to lower consumer demands. Along with this, the unavailability of resources and manpower for building effective management system significantly affected the fluoropolymer films market growth. During COVID-19, the semiconductor industry experienced unprecedented fluctuations, which declined by 5% to 15% across various countries in 2020. Semiconductors' demand for wireless and communication devices dropped as there came a shift in consumer preferences for less expensive phones. However, during the second half of 2020, the semiconductor industry projected decent growth as consumer demand rose again, which encouraged industries to bid for fluoropolymer film products in their practices. Consecutively, the ease in restrictions and removal of lockdown shifted the worst phase of the market to probable growth, deriving impeccable market opportunities.
The rising fluoropolymer films market has encouraged prominent companies to develop innovative solutions for advanced chips required in the electronic sectors, along with effective roofing solutions. The leading global companies in the fluoropolymer films market are progressively developing excellent fluoropolymer films that are benefitting prominent sectors. For instance, The Chemours Company is making fluoropolymer with unique properties that successfully handle high-purity chemicals at even higher temperatures, enabling semiconductors to work effectively. Daikin America, Inc., a global player, provides high-performance fluoropolymer films and sheets based on fluorine technology, offering outstanding chemical resistance, transparency, weather resistance, heat resistance, and electrical characteristics.
In October 2023, The Chemours Company and Honeywell successfully collaborated to commence the extension of the pilot program across the European Union and the UK for fluorinated gas reclaiming and recycling to progressively minimize environmental impacts and promote a circular economy.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.