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Industrial Films Market Analysis, Trends, Growth, Research And Forecast 2032
Industrial Films Market
The Business Research Company's Industrial Films Global Market Report 2023 identifies Increasing construction activities and projects in developing countries as the major driver for the industrial films market's growth in the forecast period. Construction activities refer to a business that is engaged in the design, development, and construction of buildings using construction materials. Industrial films are used to create unique lighting and appearance effects in the construction of buildings and commercial offices.
The global industrial films market size is expected to grow from $40.28 billion in 2022 to $42.84 billion in 2023, at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial films market is expected to grow to $52.70 billion in 2027 at a CAGR of 5.3%.
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Major competitors in the industrial films market are Mitsui Chemicals Inc., Toyobo Co Ltd., Eastman Chemical Company, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Berry Global Inc., SKC Co Ltd., Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Solvay SA, FUJIFILM Holdings Corporation
A key trend in the industrial films market includes product innovations. Major companies operating in the industrial film market are focused on developing new product solutions to strengthen their position in the market. For instance, in March 2021, DuPont, a US-based company operating in industrial films, launched DuPontTM Tedlar® polyvinyl fluoride (PVF) film for laminating metal roofing and building wall panels. The product has unique features such as resistance to harsh chemicals and corrosion, which are two key attributes of Tedlar®-laminated metal. These features have been combined with resistance to fading, chalking, cracking, and blistering caused by UV exposure, plus unmatched flexibility, rounding out an overall robust product for commercial and residential applications.
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The industrial films market is segmented -
• By Type: Linear Low Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide, Other Types
• By Application: Coated Non-Woven Products, Dry Film Adhesives, Electronic and Battery, Barrier and Breathable, Puncture-Resistant Coatings and Films
• By End-Use Industry: Agriculture, Industrial Packaging, Construction, Medical, Transportation, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial films market.
The Business Research Company's "Global Industrial Films Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Films Market Include:
1. Executive Summary
2. Industrial Films Market Characteristics
3. Industrial Films Market Trends And Strategies
4. Industrial Films Market - Macro Economic Scenario
5. Industrial Films Market Size And Growth
……
26. Africa Industrial Films Market
27. Industrial Films Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Films Market
29. Industrial Films Market Future Outlook and Potential Analysis
30. Appendix
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