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Textile Films Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028 | Top Key Players Schweitzer-Mauduit International, Berry Global, Mitsui Hygiene Materials (Thailand) Co., Ltd.,etc

09-14-2021 04:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and data

Textile Films Market

Textile Films Market

The global textile films market is forecast to reach USD 8,518.1 Million by 2028, according to a new report by Reports and Data. The market growth is attributed to a combination of various market factors.

One of the mentionable factors in this regards are changing preference among end-users and raising awareness & demand for eco-friendly products. This changing preference among end-users have increased the demand for Polyurethane (PU) based films which are sustainable, eco-friendly, and it is considered to be a low-VOC material. These films also give the scope of laminating and bonding different textiles. For this purpose, hot melt adhesive films are highly preferred among manufacturers. Thus, with the help of these films, multi-layer home textiles can be produced. These films also enable the users to apply iron-on labels to clothes. Some of its other advantages are effective detergent resistance, easy processability, and high resistance to oils, grease, and fuels. The scope of customization of textile coatings, improving the durability of textile and imbibing hand feel to the product are also contributing to the growth of the market. In addition to the mentioned factors, rising investment in the sports sector, continuous expansion of the technical textile market in regions like North America, and a stable and protective market in the US are also supporting the expansion of the market.

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In context to region, North America occupies a prominent market position. The market share held by this region is the resultant of its strong technical textile market, continuous expansion of its sports and construction industry, which are increasing the demand for textile films in North America.

Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.

Further key findings from the report suggest

The textile films market held a market share of USD 3.80 Billion in the year 2018. It is projected to witness a growth rate of 7.8% during the forecast period.

In regards to Product Type, the Breathable Films segment generated the highest revenue of USD 2.55 Billion in 2018, with the fastest CAGR of 8.2% during the forecast period. The revenue generated by the Breathable Films segment is attributed to its traits like water resistance, high-performance, breathability, and comfort that is crucial for end-users of this film like the healthcare sector, and sports industries.

In regards to Raw material, the Polyethylene (PE) segment generated the highest revenue of USD 2.13 Billion in 2018 with the second-highest CAGR of 8.1% during the forecast period. Its extensive preference among manufacturers due to the traits like excellent ductility, high impact resistance, and minimized friction contributes to the revenue generated by this segment.

While discussing Application, the Hygiene segment occupies the largest market share of 41.0% in 2018, with a CAGR of 8.0% during the forecast period. The presence of well-established healthcare sector in developed regions, matured hygiene products market in these regions, and increasing awareness about hygiene products in developing regions contributes to the market share occupied by this segment.

In regards to region, North America occupies the second-largest market share of0% in 2018, with the second-highest CAGR of 8.3% during the forecast period. The market share held by this region is resultant of its strong technical textile market, and continuous expansion of its sports and construction industries, which are increasing the demand for textile films in North America.

Key participants include Schweitzer-Mauduit International, Berry Global, Mitsui Hygiene Materials (Thailand) Co., Ltd., RKW Group, Toray Industries, Covestro, American Polyfilm, Inc., Arkema SA, Trioplast Industrier AB, Fatra A.S.

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For the purpose of this report, Reports and Data have segmented the global textile films market according to Product Type, Availability, Raw Material, Application, and Region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Non-Breathable Films

Breathable Films

Availability Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

White Textile film

Textile Gold

Textile Silver

Raw Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Polypropylene (PP)

Polyethylene (PE)

Polyurethane (PU)

Others

Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Medical

Hygiene

Protective Apparel

Sportswear

Others

Key Questions answered by the Report:

What is the expected year-on-year growth of the Textile Films Market during the forecast period?

What key trends are expected influence revenue growth of the market going ahead?

Which region is expected to account for largest revenue share over the forecast period?

Which key companies are profiled in the report?

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Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.

Have A Look For Related Reports:

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Flame-Retardant Apparel Market Analysis @ https://www.reportsanddata.com/report-detail/flame-retardant-apparel-market

Synthetic Fibers Market Growth @ https://www.reportsanddata.com/report-detail/synthetic-fibers-market

Knitted Fabric Market 2021 @ https://www.reportsanddata.com/report-detail/knitted-fabric-market

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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