Semiconductor Industry to Propel Demand for Thermoplastic Fluoroelastomers
Fluorothermoplastics are widely used in solar cells to provide mobile electricity in small devices. By using fluoroelastomers as front sheets, it is possible to increase their lifetime. The fact that fluorothermoplastics can be stretched to reduce the overall cost of solar cells will positively impact its demand and provide momentum to the solar cells market. North America is the largest market for solar cells primarily due to the increasing number of Photo Voltaic (PV) installations on account of rising consumer awareness on regard of cost benefits by using these energy systems is driving the market in this region. This is indirectly demanding for fluorothermoplastics in this region.
Fluorothermoplastics exhibit lowmetal and ion extractables in order to reduce contaminants throughout the manufacturing process. This is very beneficial to the semiconductor market where contamination is unacceptable. North America is the leading semiconductor market due to its constant efforts to create new innovations in the field of robotics. This is expected to drive the market for fluorothermoplastics in this region.
Fluorothermoplastics are also used in the food packaging market due to its ability to be moldable above certain temperature and solidify upon cooling. Their superior qualities allow them to withstand the harsh environment during transportation. APAC being the largest market for food packaging, the market for fluorothermoplastics will definitely see a surge in this region.
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