7. 4% from USD 2. North America to maintain top status in terms of revenue: On the regional spectrum, the North America fluoropolymer masterbatch market is slated to expand at a CAGR of about 2. Fluoropolymer Films Market size was valued at USD 1. 5 Million by the year 2027. e. 1% during the forecast period (2023-2030), and the market is. [email protected] 44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ|. CHICAGO, Sept. 7 Billion by 2027 With Industry Demand, Growth Outlook | Saint-Gobain, Polyflon Technology Limited, Daikin. 4. 5 million by 2035, at a CAGR of 4. Fluoropolymer Films Market size was valued at $2. Fluoropolymer films refer to fluorine and carbon-based polymers that are obtained by cast film extrusion. North America Fluoropolymer Membranes Consumption Value by Country (2024-2029) & (USD Million) Table 143. Fluoropolymer Films Market. Davis-Standard. 72 billion by the end of 2021. The global fluoropolymer films market is predicted to expand at a positive CAGR of 6. Packaging, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To. 5. Fluoropolymer Film Market: CAGR (2023 to 2033) 6. 8% through the study. 2 Billion in 2022. North America Fluoropolymer Films Market Size Outlook to 2030 The presence of capital-intensive Fluoropolymer Films companies in the region coupled with strong investments in new product launches presents strong potential for the North American Fluoropolymer Films industry. From 2017 to 2021, the market increased at a CAGR of 6%, reaching US$ 1,873. North America is a mature market for fluoropolymer tubing. 4 million in 2016 and is expected to grow a rate of 8. It is expected to reach above USD 3. + Follow. APAC: +91 744 740 1245. North America to maintain top status in terms of revenue: On the regional spectrum, the North America fluoropolymer masterbatch market is slated to expand at a CAGR of about 2. The Fluoropolymer Films Market size is expected to grow from USD 753. 13 Million in 2022 and is expected to grow at a CAGR of 2. 2 Billion : Market Forecast for 2026 : USD 4. 31 billion in 2028 at a CAGR of 5. The global Fluoropolymer Film market was valued at 1887. Market Segment by Regions (North America, Europe, Asia Pacific, South America and The Middle East and Africa), coverage with region wise data from 2022 to 2030. Our report on the fluoropolymer films market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as. Hyderabad, Aug. 3 Billion in 2022. The publisher has been monitoring the fluoropolymers market and it is poised to grow by 306. Asia Pacific dominated the global fluoropolymer films market in 2018, however North America is expected to grow at a significant pace through the year 2025. 16 billion in 2022 and is expected to hit over USD 4. 3 Billion in 2022. According to Verified Market Research, the Fluoropolymer Tubing Market size was valued at USD 501 Million in 2021 and is projected to reach USD 752 Million by 2030, growing at a CAGR of 5. 0 billion in 2014. 2 million by 2027, exhibiting a CAGR of 3. 2% during 2023-2028. 15 billion by 2029 from USD 1. 2. In-depth analysis of key drivers and trends shaping the industry to 2021, including regulatory and economic influences. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028. Fluoropolymer films market size is estimated to grow by USD 697. 8 billion in 2017 and is anticipated to grow at USD 2. High-Performance Fluoropolymers Market size is expected to grow from USD 3. Asia Pacific accounted for a higher share as China holds. 6% during the. Building & Construction, Electrical & Electronics, Industrial & Equipment, Packaging, Others) And. North American Fluoropolymer Films Market is anticipated to reach USD 745 million by 2026, due to the strong demand from the growing pharmaceutical industry, expanding. High Performance Films Market Outlook (2022-2032) The global high performance films market registered a CAGR of 4. This market report is a study offering rich insights into the global market size, share trends, forecasts, and competitive analysis. . ” The global hot sauce market size reached USD 2. The global fluoropolymer films market was valued at USD 692. . Fluoropolymers show high resistance to heat, chemical reactions, corrosion and. North America, in particular. The fluoropolymer film market is projected to grow at a CAGR of 4. 3 Bn by 2028, growing at a CAGR of 5. Europe Fluoropolymer Membranes Sales Quantity by Type (2018-2023) & (Tons) Table 144. The global Fluoropolymer Films Market size is expected to grow from USD 2. Fluoropolymer Films Market Analysis. . Press release - Global Market Monitor - Fluoropolymer Films Product Market In-depth Analysis by Statistics & Outlook 2027 - published on openPR. Looking forward, IMARC Group expects the market to reach US$ 1. Hyderabad, Aug. 2 Billion by the year 2026 with a growth rate of 5. Rising Adoption in Solar PV Modules Drives Fluoropolymer Films Market to Reach USD 3. 3 Billion in 2022. 2 Bn in 2020 and is projected to reach $3. The Fluoropolymer Processing Aid Market is experiencing significant growth due to increasing demand for high-performance materials, advancements in processing technologies, and expanding. Asia Pacific dominated the market in terms of revenue, owing to the dominance of branded products and the region's increasing infrastructural development. 14 billion by 2025, growing at a significant CAGR over the forecast period of 2019 to 2025. 13 billion in 2022 to reach at USD 3. The fluoropolymer films market is expected to register a CAGR of over 3% during the forecast period, 2019-2024. 18 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9. North Main Road. 15 billion by 2029 from USD 1. 4% from 2021-2026 Fluoropolymer Films Market by Type (Polytetrafluoroethylene (PTFE) films. 4% from 2022 to 2032. According to research conducted by Future Market Insights, demand for fluoropolymers films is. The U. The global Fluoropolymer Film market was valued at 1875. 2 Billion in 2022. 16 billion in 2022 and it is predicted to hit over USD 4. Fluoropolymer Films Market size was USD 2. Additives can improve. The growth of fluoropolymer films market is driven by expanding pharmaceutical industry along with rapidly rising construction activities SELBYVIL. It provides majorly two types of information. 17 billion in 2021. Fluoropolymer Film Market Size, Share 2022. 3 billion by 2026. 86 billion in 2022 which is expected to reach USD 98. Global Fluoropolymer-Based Non-Stick Coating Market, By Application. Global Fluoropolymers Market is estimated to witness a rise in revenue from US$ 8. 07 billion by 2025, at a CAGR of 5. USA: +1 312-376-8303. Company Market Ranking. The global Fluoropolymer Film market was valued at 1875. , Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia. . 2 million in 2021, the market grew at a CAGR of 6% from 2017 to 2021. Synthetic Diamonds Market Size, Share, Trends, and Forecast Report 2023-2030. Fluoropolymer Films Market size was valued at USD 2. High-performance Films Market market size was valued at USD 49. 12 Billion Industry by 2032 with a 6. See moreSome of the key players in fluoropolymer films market are The Chemours Company, Saint-Gobain, Daikin Industries Ltd. North America, Europe, Latin America, and. NEW DELHI, Feb. Apr 25, 2023 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry. Rising Adoption in Solar PV Modules Drives Fluoropolymer Films Market to Reach USD 3. com's offering. 4 Billion by 2028, exhibiting a growth rate (CAGR) of 5. The steady growth. China is expected to hold a large revenue share in terms of value and volume in the Asia Pacific fluoropolymer films market through 2026, exhibiting a value CAGR of 6. It is expected to reach above USD 8. 0% during the forecast period. 3% during the forecast period 2023-2031. Looking forward, IMARC Group expects the market to reach US$ 10. 2 North America Fluoropolymer Film Market Size by Application. The fluoropolymer films market size is estimated to be USD 1. [221+ Pages Report] the global fluoropolymer coating market size & share revenue was valued at around USD 300 million in 2021 and is estimated to grow about USD 554 million by 2028, at a CAGR of. 9% during forecast period. 07 billion in 2018 and is expected to reach USD 3. 82% from 2020 to 2027, based on HNY Research newly published report. Fluoropolymer film is a state-of-the-art material, which exhibit features such as chemical resistance, low friction coefficient, transparency, weather resistance, heat resistance, and water absorption. 31 Bn in 2021, registering a CAGR of 5. 07% CAGR from 2023 to 2029. X Mn in 2028, from US$ XX. Fluoropolymer Film Market , By Geography. The. Fluoropolymer films are found use in many applications such as pharmaceutical. 1%: Market Value (2033) US$ 3. 00% during the forecast period (2023 - 2030). Publishing platform for digital magazines, interactive publications and online catalogs. 4% from 2022 to 2032. Fluoropolymer films consist of fluorine and carbon molecules and are high-performance polymer films. 46 Billion. In this report, Future Market Insights throws. It is projected to grow at a CAGR of 5. Global Fluoropolymers Market is estimated to be US$ 3. By region, the global fluoropolymer films market is divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. 31 Bn in 2021, registering a CAGR of 5. Global Fluoropolymer Films Market report is designed in a method that helps readers to. fluoropolymers are a type of lightweight and durable plastic resin known for their strong carbon-fluoride bond and broad temperature ranges, low friction. North America. Fluoropolymer Additives. 1. 2. According to the report, the global fluoropolymer films market was valued at USD 2. 36 Billion by 2030. Future Market Insights delivers key insights on the global fluoropolymer films market in its latest report titled ‘Fluoropolymer Films Market: Global Industry Analysis and Opportunity Assessment, 2026. 31 billion in 2028 at a CAGR of 5. ’ The long-term outlook on the worldwide fluoropolymer films marketplace is predicted to be powerful, with the marketplace. 13 billion in. 28, 2022 /PRNewswire/ -- The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the global fluoropolymers market from US$ 7,899. Fluoropolymer Films Market is driven by high performance properties of fluoropolymer films, but with the high cost of technology development and manufacturing of fluoropolymer films will restrain the growth of the market. عربي. Further, the market generated a revenue of ~USD 514 Million in the year 2022. Fluoropolymer films are high performing base materials constituting fluorinated olefinic monomers. 0 Mn at the end of 2016 while APEJ accounted for a value share of 30. Hyderabad, Aug. The PTFE. Fluoropolymer Films Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030 The Fluoropolymer Films market is a large and high-potential growth industry. period. Global Fluoropolymer Film Overview The Global Fluoropolymer Film is penetrating with the faster pace and strong potential over the past few years an. North America barrier films market size valued at over USD 4. 4% from 2022 to 2032. 57. 4 million in 2022, the market’s steady growth is attributed to the exceptional quality of fluoropolymer films. The fluoropolymer films product market is anticipated to experience significant growth across several regions, namely North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and. , GuarniflonS. Fluoropolymer film is a base material with excellent characteristics, such as chemical resistance, high-temperature tolerance, and low coefficient of friction. 86 Million USD in 2020 and will grow with a CAGR of 4. 31 % in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 3. 4% from 2022 to 2032. 18% from. 5% growth rate through 2032, driven by rising demand from the region’s. Developments in the construction sector will be a key driver fueling the fluoropolymer films growth during the forecast period. Global Fluoropolymer Films Market, By Type (Polytetrafluoroethylene (PTFE) Films, Polyvinylidene Fluoride (PVDF) Films, Fluorinated Ethylene Propylene (FEP) Films,. Figure 45: North America: Fluoropolymer Films Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 46: United States: Fluoropolymer Films Market: Sales Value (in Million US$), 2017 & 2022 Figure 47: United States: Fluoropolymer Films Market Forecast: Sales Value (in Million US$), 2023-2028 Market Overview and Report Coverage Polymer films refer to thin sheets or coatings made from various types of polymers, such as polyethylene, polypropylene, polyester, polyvinyl chloride, and others. Access our Premium Real Time Data Intelligence Tool, Visit: Precedence Statistics. Report Scope & Overview: Fluoropolymer Processing Aid Market size was valued at USD 1. In 2023, the market is poised to register positive year-on-year growth over 2022. 07 billion by 2025, at a CAGR of 5. Global Fluoropolymer Films Market report is designed in a method that helps readers to acquire a. 21 billion in 2022 to US$ 12. Global Fluoropolymer Films Market Size study & Forecast, by Type, Application, End-user Industry and Regional Analysis, 2022-2029 - Global Fluoropolymer Films Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2022-2029. 5% CAGR. 4% CAGR from an initial value of. Fluoropolymer-film Market is likely to witness a healthy CAGR of 6. The global fluoropolymer film market is expected to reach an estimated $2. 2 Billion : Expected CAGR Growth : CAGR 5. عربي. 0 Mn in 2019 and is predicted to expand at 4. USA Fluoropolymer Films Market is anticipated to grow between 2022 and 2032 at a magnitude of 6. 3%. Fluoropolymer films are fluorine and carbon-based polymers obtained by cast film extrusion. 15 billion by 2029 registering a compounded annual growth rate (CAGR. 35 billion in 2023 at a compound annual growth rate (CAGR) of 7. The fluoropolymer films market analysis is segmented by product (PTFE, PVDF, FEP, PFA, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The terms of the agreement established the border between British North America and the United States at the 49th parallel from the Rocky. Summary The report forecast global Fluoropolymer Film market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period. 1% during the forecast period (2023-2030), and the market is projected to be worth USD 3. Almost 40% of the market is made up of the decorative paint category. 12 Million USD in 2021 and will grow with a CAGR of 4. 9% between 2017 and 2022. 3 billion in 2015, with Canada and U. Read the full report:. Global sales of fluoropolymer films was pegged at US$ 1,398. USA Fluoropolymer Films Market. 78% during the forecast period of 2023. The Global Fluoropolymer Films Market status and forecast, categorizes the global Fluoropolymer Films market size (value & volume) by manufacturers, type, application, and region. 9 Bn in 2022, exhibiting a CAGR of 6. Like . 5% during the forecast period (2022–2030). 7. The medical grade fluoropolymer market is projected to experience substantial growth in regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States (USA), and China. Based on type, the global fluoropolymer films market is bifurcated into PTFE (polytetrafluoroethylene), PVDF (polyvinylidene fluoride), FEP. 0 Million in 2020 and is forecasted to reach USD 10,196. 4% from 2022 to 2032. Global Fluoropolymer Films Market by Type (Ethylene chlorotrifluoroethylene (ECTFE), Fluorinated Ethylene-Propylene (FEP), Perfluoroalkoxy Alkane (PFA)), Application. 7% between 2023 to 2032. Key. 31 % in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 3. The global fluoropolymer films market is projected to grow at a formidable rate during the forecast period, 2023-2027. Luton, Bedfordshire, United Kingdom, March 10, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Fluoropolymer Films Market. , Canada and Mexico in North America, Germany, France, U. Widely […] Market Analysis and Insights of Fluoropolymer Films Market. The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. The global fluoropolymer films market is predicted to expand at a positive CAGR of 6. Fluoropolymer processing aids are additives that are used to improve the processing of fluoropolymers, such as. 6 billion by 2027, at a CAGR of 3. Chapter 5 to 9: Fluoropolymer Films Product Market Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa, including volume and revenue analysis. The Global Fluoropolymer Films Market Analysis Report is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and providing future Fluoropolymer Films Market potential for different product segments with their market penetration in various applications and end-uses, over the next eight years. 11. The global fluoropolymers market size is estimated to reach US$11. An optimistic economic outlook coupled with focused. 4 Billion in 2023 to USD 3. Global Fluoropolymer Market Compound Annual Growth Rate (CAGR) for 2023 to 2030. 1 Bn by 2030. Follow. Latin America Fluoropolymer Market Films Market Y-o-Y Growth by. 2% in forecast period, 2021-2028. Chapter Seven North American Fluoropolymer Films Market AnalysisDec 02, 2022 (Reportmines via Comtex) -- Fluoropolymer films are a type of plastic that contains fluorine atoms in its molecular structure. . 3 million in 2032, rising from US$ 1,986. [235 Pages Report] The global high-performance fluoropolymers (HPF) market size is estimated to be USD 3. The global fluoropolymer processing aid market was valued at USD 1,515. Asia Pacific dominated the global fluoropolymer films market in 2018, however North America is expected to grow at a significant pace through the year 2025Dallas, Texas, Nov. . 4% from 2022 to 2032. 61% during the forecast period. 2% during the forecast period. 1% during the forecast period (2023-2030), and the market is projected to be worth USD 3. 24 million in 2023 to USD 989. The market players operating in the global fluoropolymers market. 9% during the forecast period. [187+ Pages Report] Global Fluoropolymer Films Market is expected to reach a value of USD 4. DOWNLOAD PDF. It is expected to reach above USD 8. 3 million in 2032, rising from US$ 1,986. The fluoropolymer films market is expected to grow significantly in the upcoming years, owing to the rising application of fluoropolymer films in several end-user industries. Follow. 7% by forecast 2029 & the market is analyzed according to type and application respectively. 2. . Ministry of Attorney General. Developments in the construction sector will be a key driver fueling the fluoropolymer films growth during the forecast period. 2% from 2023 to 2030. Fluoropolymer Films Market Market Overview Fluoropolymer Films Market market is. The global specialty films market size reached US$ 39. Report ID: 559101 |. 24 million in 2023. 4 billion in 2022 and is expected to grow to USD 1. 5 million by 2035, at a CAGR of 4. 2% CAGR. Global Fluoropolymer Films Market to grow at a CAGR of 4. 23 billion in 2021 to $10. Fluoropolymer Films Market. 30, 2023 (GLOBE NEWSWIRE) -- The global recycled concrete aggregates market size is expected to grow at an impressive rate owing to the growing construction and. Email: [email protected]% during the forecast period. 2023-2030. North America Xylose Market Outlook Industry Share, Growth, Drivers, Emerging. It is expected to reach above USD 3. The global fluoropolymer films market size was valued at USD 2. The global fluoropolymer films market size reached US$ 1. 7 Billion by 2028, exhibiting a growth rate (CAGR) of 5%. 61 Bn by 2030. The research study conducted by Report Ocean on the Fluoropolymer Films Market spans over 100+ pages and delves into various facets of t. . Title: Fluoropolymer Films Market, Author: Monica Nerkar, Length: 12. 4% from 2023 to 2032. Inc. 1 United States 5. Valued at US$ 1,873. The USA is anticipated to grow between 2022 and 2032 at a magnitude of 6. 15 billion by 2029Luton, Bedfordshire, United Kingdom, March 10, 2023 (GLOBE NEWSWIRE) -- Exactitude. Report Id : REP-GB-2379 Status : Apr - 2017 Category : Chemicals and. . This gives the. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South. These coatings contain a superior dry film. 3 Billion in 2022. 0 Mn at the end of 2016 while APEJ accounted for a value share of 30. The global fluoropolymer films market size was estimated at USD 2. Global fluoropolymer films market revenue, by region, 2016 (%) The Asia Pacific was followed by North America in terms of revenue and is expected to grow at a rate of 8. Fluoropolymer Bottle market 2021-2026 development strategy pre and post covid-19, by corporate strategy analysis, type, application, and leading 20 countries. 83 billion in 2017 and is expected to reach $3. The global market for fluoropolymer (PFA) is witnessing substantial growth in regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States of America (USA), and China. The market will accumulate an estimated revenue of US$ 3,120. . The latest research study “Fluoropolymer Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global fluoropolymer films market size reached US$ 1. Fluoropolymer Films Market by Type (PTFE, PVDF, FEP, PFA, ETFE Films), Application (Electrical &. , AGC Inc. NEW YORK, Feb. North America Fluoropolymer Films Market Size Outlook to 2030 The presence of capital-intensive Fluoropolymer Films companies in the region coupled with strong investments in new product launches presents strong potential for the North American Fluoropolymer Films industry. Looking forward, IMARC Group expects the market to reach US$ 1. Electronics, Medical, Automotive, Consumer Goods, and many other industries are the areas where fluoropolymer is used. The APEJ market is anticipated to retain its dominance throughout the forecast period. The global fluoropolymer film market is expected to reach an estimated $2. Fluoropolymer films are fluorine and carbon-based polymers obtained by cast film extrusion. , Dunmore, Textiles Coated International (TCI), The. 58 th tons during 2021-2025 progressing at a CAGR of 6% during the forecast period. 97 Billion in 2017 and reach USD 2. Asia-Pacific Solar Control Window Films Market. 24. Regional Analysis: The Fluoropolymer Films Market size is expected to grow from USD 753. Read the full rep. . The growth of the market is attributed to rising demand from various industries. 2 million in 2021, the market grew at a CAGR of 6% from 2017 to 2021. North America. This report focuses on fluoropolymer films market which is experiencing strong growth. 3 Billion in 2022. 10 Billion by 2029 from USD 38. Fluoropolymer Films Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030 The Fluoropolymer Films market is a large and high-potential growth industry. Global Specialty Films Market: Polyacrylamide, 2019-2030, $ mn. On the basis of the type, the globalwatch ncn live - click here region selectGlobal Fluoropolymers Market to Reach $12. Global Fluoropolymer Film Market by Type (PTFE, FEP, PFA, PVF, PVDF, ETFE, Others), By Application (Automotive & Aerospace, Building & Construction, Electrical & Electronics, Industrial & Equipment, Packaging, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To. LinkedIn Facebook Twitter. The major factor driving the market studied is growing demand from the commercial. The Fluoropolymer Films Market industry is projected to grow from USD 2. 07 billion in 2018 and is expected to reach USD 3. 36 Billion by 2030. Fluoropolymer Films Market will witness a CAGR of 12. Breakdown of North America Specialty Films Market by Country, 2019 and 2030F, % of Revenue Figure 42. Inquire for Discount Download PDF Request Sample. 4 million in 2022. 2 billion by 2027 and is growing at a CAGR of 5. The market will accumulate an estimated. 2% in forecast period, 2021-2028. 1 billion in 2022 and is poised to grow at a significant CAGR of 5. fluoropolymers are a type of lightweight and durable plastic resin known for their strong carbon-fluoride bond and broad temperature ranges, low friction. 8% during the forecast period. 0% during the forecast period 2023-29. 2 Bn in 2020 to USD 4. Global Fluoropolymer Films Market to Reach $4. Convert documents to beautiful publications and share them worldwide. Table 83 North America: Fluoropolymer Processing Aid Market Size, by Application, 2023-2028 (USD. . . 88 million from 2022 to 2026 at a CAGR of 6% with the PTFE having largest market share. North America Clinical Trial Supplies Market Report 2022: Industry to Grow by 8. The morning following the riot, crowds gather outside Bellingham’s city hall. Global Fluoropolymer Film Market Size & Forecast. 0 billion by 2028, at a CAGR of 6. 24. 1% during the forecast period (2023-2030), and the market is projected to be worth USD 3. 02 billion by 2032 with a compound annual growth rate (CAGR) of 6. 61 Bn by 2030. The escalating product demand in the electronics sector for reliable insulation, the significant expansion in the automotive sector. Demand and production for electronics in China are anticipated to increase due to rising middle. by 1921 the failures were so. 42 billion by 2029 from USD 6. 3.