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Specialty and High Performance Film Market

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Specialty and High Performance Film Market report categorizes global market by Product (Polyester, Nylon, Fluoropolymers, Polycarbonate), Application (Barrier, Safety and Security, Decorative, Microporous), End-Use Industry, and Geography - Insights
Specialty and High Performance Film Market Insights, and Industry Forecast till 2025
Polymer films with transparent or opaque are known as specialty and high performance film.
The basic raw materials for production of these films include polyesters, fluoropolymers and
polycarbonates. Packaging, automotive, electrical & electronics, and construction are the
major end-use industries of specialty and high performance films. These films are gaining
major traction across industries, mainly due to their high resistance to chemicals, high tensile
strength and high impact resistance.
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Growing demand for packaged and frozen food in developed countries, owing rampant
growth of end-use industries is expected to provide growth impetus for the specialty and high
performance film market during the forecasted period. Moreover, rising demand for
disposable food and beverage packaging such as tetra pack products is projected to provide
further traction for market growth. The primary focus of packaged food industry is to
improve hygiene to protect the food from UV, sunlight, dust, temperature and air. Barrier
films and UV control films are few products used in food and beverages industry. Moreover,
it increases the life span of the food and helps to maintain the quality of food for a longer
duration of time.
Increasing population and growing urbanization in emerging economies such as China, India,
Brazil, and Middle East is fueling leading to surge in construction activities in these regions.
Increasing demand for improved and modern commercial complex and residential buildings
with glass exterior is growing. Moreover, reconstruction and renovation activities in North
America and Europe is expected to boost the specialty and high performance film market. For
instance, due to global warming, UV rays protection is one the major challenges for modern
glass buildings and complexes. Increasing use of UV rays and sunlight control film is
forecasted to drive the film market as per study conducted by Coherent Market Insights.
The global Specialty and High Performance Film market size is estimated at US$ 34.92
billion (revenue) and 10,999.25 kilo tons (volume) in 2016 and is expected to expand at a
CAGR of 6.5% in terms of revenue and 5.8% in terms of volume during the period 2017 –
2025.
Polycarbonate segment is expected to be the fastest growing application area in the
specialty and high performance film market
Among application, polycarbonate segment accounted for the largest market share in 2016.
Asia Pacific is the largest market and is expected to witness a CAGR of 7.4% in terms of
volume over the forecast period. High glass transition temperature, high impact resistance,
and superior durability are the primary characteristics of polycarbonate polymer film.
Polycarbonate polymer films find applications in construction materials, electronic
components, automotive, and aircrafts among others. The demand for polycarbonate films is
expected to increase by the packaging and transporting of doors & window frames and
aircraft components. Increasing population in Asia Pacific, increasing construction and
renovation activities in emerging and developed economies, and increasing automotive
industries are expected to drive the specialty and high performance film market growth over
the forecast period.
Regional Analysis
Asia Pacific, followed by Europe and North America accounted for major share in the global
specialty and high performance film market both in terms of revenue and volume in 2016 and
the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held
a share of 39.58% in terms of volume, followed by Europe (25.24%). According to a study
conducted by Coherent Market Insights, the global construction market is expected to witness
a CAGR of 7.6% from 2017 to 2025 which is expected to create a highly conducive
environment for growth of the global specialty and high performance film market.
Competitive Analysis of the Market
Major players in the global specialty and high performance film market include The Dow
Chemicals Company, E. I. du Pont de Nemours, Bayer AG, Bemis Company Inc., Evonik
Industries, Honeywell International Inc., Eastman Chemical Company, Sealed Air
Corporation, The 3M Company, DuPont, among others. In 2012, Eastman Chemical
Company and Solutia collaborated to expand Solutia photovoltaic segments.
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Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services, and
competitive analysis through various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
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Seattle, WA 98154
Tel: +1-206-701-6702
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Author
apeksha motghare
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