Market Trends of High-Performance Films Industry
This section covers the major market trends shaping the High Performance Films Market according to our research experts:
Fluoropolymer Films to Dominate the Market
- Fluoropolymer films dominated the high-performance films market, which is accounting for more than half of the total market share.
- The high precipitation capability of fluoropolymer films makes it suitable to be used as a raw material for the production of semiconductors, automotive, and electronic.
- It is also used in the production of solar PV modules. The increasing deployment and expansion of solar photovoltaic (PV) modules across the world are also likely to propel the demand of fluoropolymer films, during the forecast period.
- They are mainly used in two special fields of application: firstly, as a coating material in the textile architecture, where the origins of the design lie in tent construction, and secondly in transparent or translucent ETFE film constructions, for example in the form of roof and wall structures made from segmented air cushions.
- ETFE offers several advantages over glass in this application, including having strong resistance to hail and breakage, as well as being lighter.
- Hence, owing to the aforementioned factors, the fluoropolymer film type is likely to dominate the market during the forecast period.
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Asia-Pacific to Dominate the Market
- Asia-Pacific witnessed the largest share in the high-performance films market.
- The region is the most attractive market for high-performance films, owing to the mass production of electronics devices.
- The Indian electronics market is one of the fastest-growing in the world, owing to the recent government policies like ‘Make in India’ and ‘Smart Cities’, the PCB market in India is expected to grow during the forecast period.
- In India, the increasing capital investments in the electronics sector are augmenting the market’s growth in the country. The vibrant growth in the PCB market is also due to the demand for tablets and smartphones in the IT and consumer electronics sectors.
- This is likely to stimulate the demand for high-performance films in the region.
- Additionally, the presence of a large number of raw material suppliers in the region is also boosting regional growth.
- Hence, owing to the aforementioned factors, Asia-Pacific is likely to dominate the market during the forecast period.
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