Enjoy complimentary customisation on priority with our Enterprise License!
Fluoropolymers have superior characteristics such as natural inertness and barrier properties. This in turn, boosts the demand for fluoropolymers for packaging applications in the healthcare industry. Technavio’s market study identifies that the increasing preference for fluropolymers over other plastics will be one of the primary growth factors for the fluoropolymer market in healthcare industry. The production of complex fluoropolymers using cheap bulk injection molding processes is also increasing. Furthermore, the healthcare industry highly adopts materials and devices that meet the unique performance criteria such as inertness to chemical activity, compatibility with living tissue, sterilization, lubricity, purity of the highest order, stability over a wide range of temperatures, and USP Class VI certification. This in turn, will further drive the demand for fluoropolymers for healthcare applications because they meet these criteria. Our market research analysts estimate that the fluoropolymer market will grow by a CAGR of more than 7% by 2021.
Technavio’s fluoropolymers market research report estimates that in terms of geographic regions, North America will be the major revenue contributor to the healthcare industry throughout the forecast period. The US is the leader in several healthcare applications including pharmaceutical packaging, medical devices, and drug delivery. According to this report, countries such as the US, Canada, and Mexico will be the major market contributors in this region.
The fluoropolymer market in the healthcare industry is fragmented due to the presence of several players. The new players find it difficult to enter the market since the key players have taken a prominent position. China, India, and Japan are the leading producers and consumers of fluoropolymer in the healthcare industry.
The leading vendors in the market are-
The other prominent vendors in the market are Arkema, Chicago Gasket, Dongyue Group, Flontech USA, Mexichem, Saint-Gobain Performance Plastics, Solvay, W.L. Gore & Associates, and Zeus Industrial Products.
During 2016, the pharmaceutical packaging segment accounted for major shares of the fluoropolymer market. Fluoropolymers are widely used in the packaging of pharmaceutical products such as medical liquids, tablets, pills, and sprays. The enhanced moisture barrier properties of fluoropolymers make them suitable for the blister packaging of sensitive pharmaceutical products such as pills and powders.
PTFE is a synthetic polymer of tetrafluoroethylene (TFE). It is flame-resistant, strong, self-lubricating, hydrophobic, non-reactive, and non-stick. The fluoropolymer market in healthcare industry will continue to grow in the PTFE segment because it is extensively in the healthcare sector in packaging, medical devices, and biological membranes. The applications of PTFE material will further increase due to the introduction of new variants like expanded PTFE (ePTFE) and modified PTFE (mPTFE).
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHICAL SEGMENTATION
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.