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At 6% CAGR, High Performance Films Market to cross $54bn by 2024| Covestro, Bernis, 3M, Evonik, DuPont, Sealed Air Corporation, Honeywell, Clopay Plastic, Eastman and Dow Chemical.
High Performance Films Market
Growing packaging industry demand owing to expansion of retail sector, electronics and pharmaceuticals will drive the high performance films market share over forecast period. Enhanced flexibility, chemical resistance, and durability are some of the features which makes it preferable over other available alternatives.
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According to a new research report by Global Market Insights, Inc. High Performance Films Market size is set to cross USD 54 billion by 2024.
Increasing demand for food and beverage including ready to eat meals, frozen food and fast food coupled with change in consumer taste preference will stimulate the high performance films market share. Availability of wide product range with easy handling makes it favorable for tetra packaging.
Global high performance films market demand for 2015 was over 9,100 kilo tons. Positive outlook towards electrical & electronics and packaging industries will favor the business landscape. Increasing demand for waterproofing material will spur the industry growth in future. Nylon share is expected to exceed USD 6 billion by 2024 owing to its moisture absorption, thermal resistance, and heat resistance properties.
North America high performance films market size was valued at over USD 4 billion in 2015 and is expected to witness substantiate growth on account of increasing demand for food and beverage industry. Increasing barrier film demand from semiconductor and PV cell manufacturing industry owing to its water repellant property will further augment the industry landscape.
Asia Pacific automotive applications are predicted to reach over 230 kilo tons with growth over 5% by 2024. Growing automobile production rate due to easy and low price labor availability will positively impact the industry outlook.
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Middle East high performance films market size is expected to witness growth at over 3% from 2016 to 2024. Increasing demand for packaging and construction industry may propel the business growth.
High performance films market size demand from personal care is expected to exceed 940 kilotons with growth of over 4% by 2024. It finds application in adult and feminine incontinence products and disposable diapers. Increasing awareness towards personal hygiene along with economy growth in Latin America and Asia Pacific may propel industry growth.
Global high performance films market size is highly fragmented in nature. Key player includes Covestro, Bernis, 3M, Evonik, DuPont, Sealed Air Corporation, Honeywell, Clopay Plastic, Eastman and Dow Chemical.
High Performance Films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in Kilo Tons and USD Million from 2013 to 2024, for the following segments:
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Global High Performance Films Market by Product
• Polyester
• Nylon
• Fluoropolymer
• Polycarbonate
• Others (PI, PP, COC, PEN)
Global High Performance Films Market by Application
• Barrier films
• Safety and security films
• Decorative
• Microporous
• Others
Global High Performance Films Market by End Use
• Packaging
• Personal care products
• Electrical & electronic
• Automobiles
• Construction
The above information is provided on a regional and country basis for the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Phone: 1-302-846-7766
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