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Industrial Films Market worth $67.56 billion by 2030, growing at a CAGR of 5.50% - Exclusive Report by 360iResearch
Industrial Films Market | 360iResearch
The Global Industrial Films Market to grow from USD 46.42 billion in 2023 to USD 67.56 billion by 2030, at a CAGR of 5.50%.
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Industrial films are high-performance films specially designed to offer chemical resistance, electrical insulation, flame retardancy, moisture barrier, and protection against UV radiation. The rapid urbanization accompanied by the growing infrastructure development projects contributes to the demand for industrial films in construction applications. Furthermore, the rising awareness regarding environmental sustainability has led to the adoption of lightweight materials in automobiles and aerospace sectors, which drives the demand for high-performance industrial films. However, volatility in raw material prices can result in elevated manufacturing costs of industrial films. Ongoing development of bio-based and biodegradable films that offer improved environmental sustainability while maintaining performance properties is expected to encourage the adoption of industrial films by the end-use sectors globally.
The industrial films market is evolving in the Americas owing to the strong presence of end-user industries such as automotive, construction, and packaging, and innovation in material science has resulted in patents for high-performance films with increased durability and resistance to environmental factors. Strict regulations regarding product quality, sustainability, and recycling characterize the European industrial films market. The focus on circular economy initiatives has spurred investments in developing advanced film technologies for waste reduction and increased recyclability in the EU. The Middle East is witnessing an increasing demand for industrial films due to rapid urbanization infrastructure development projects. African countries are experiencing a surge in demand for water-soluble films used in agriculture applications, including greenhouse coverings. The significant availability of raw materials and the rapidly expanding industrial sector are creating opportunities for the industrial films market in the APAC region. In addition, the proliferating eCommerce sector and expanding applications in the healthcare sector are anticipated to increase the use of industrial films worldwide.
Market Segmentation & Coverage:
This research report categorizes the Industrial Films Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), Medium-Density Polyethylene (MDPE), Polyamide/Nylon, Polycarbonate (PC), Polyethylene Terephthalate (PET), Polypropylene, Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC), and Ultra Low-Density Polyethylene (ULDPE). The High-Density Polyethylene (HDPE) commanded largest market share of 16.21% in 2023, followed by Linear Low-Density Polyethylene (LLDPE).
Based on Film Type, market is studied across Opaque, Translucent, and Transparent. The Transparent commanded largest market share of 65.50% in 2023, followed by Translucent.
Based on End-User Verticals, market is studied across Agriculture, Automotive & Transportation, Construction, Electronics, Food & Beverage, Medical, and Telecommunication. The Food & Beverage commanded largest market share of 20.69% in 2023, followed by Automotive & Transportation.
Based on End-Product, market is studied across Bags, Electrical Fabrication, Labels, Landscaping, Photographic Film, Pouches, Shrink Films, Stretch Films & Wraps, Video Tape, and Wall Panels. The Pouches commanded largest market share of 18.16% in 2023, followed by Bags.
Based on Application, market is studied across Non-Packaging and Packaging. The Packaging commanded largest market share of 51.19% in 2023, followed by Non-Packaging.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.81% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Films Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Films Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Films Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amcor PLC, Avery Dennison Corporation, BASF SE, Berry Global, Inc., BOSSAUTO INNOVA, S.A.U., CCL Industries Inc., Celanese Corporation, Compagnie de Saint-Gobain S.A., Corning Incorporated, Cosmo First Limited, Coveris Management GmbH, Covestro AG, DUNMORE Corporation, Dupont Teijin Films Limited, Eastman Chemical Company, Emco Industrial Plastics, Inc., Evonik Industries AG, Exxon Mobil Corporation, Fujifilm Holdings Corporation, General Electric Company, Griff Paper and Film, Hengli Group Co., Ltd., Honeywell International Inc., HuanYuan Plastic Film Co.,Ltd, Jindal Poly Films Ltd., Kolon Industries, Inc., Kuraray Co., Ltd., LG Chem Ltd., Lonza Group AG, Lotte Chemical Corporation, LyondellBasell Industries Holdings B.V., Macplast SpA, Masterpak s.a.l by INDEVCO Group, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Tohcello, Inc., Mondi plc, Nippon Plastics, NOVA Chemicals Corporation, Novolex Holdings, LLC, Parker Hannifin Corporation, Petoskey Plastics, Plaskolite LLC, PPG Industries, Inc., Pregis LLC, Qingdao Kingchuan Yuanrong International Trading Co.,Ltd., Redwood Plastics and Rubber, RKW SE, Saudi Basic Industries Corporation, Sealed Air Corporation, Solvay S.A., Sumitomo Chemical Co., Ltd., Suzhou Omay Optical Materials Co., Ltd., The Dow Chemical Company, Toray Industries, Inc., Toyobo Co., Ltd., Transcendia, Inc., Trinseo PLC, UFlex Limited, and WeProFab.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Films Market, by Material
7. Industrial Films Market, by Film Type
8. Industrial Films Market, by End-User Verticals
9. Industrial Films Market, by End-Product
10. Industrial Films Market, by Application
11. Americas Industrial Films Market
12. Asia-Pacific Industrial Films Market
13. Europe, Middle East & Africa Industrial Films Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Films Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Films Market?
3. What is the competitive strategic window for opportunities in the Industrial Films Market?
4. What are the technology trends and regulatory frameworks in the Industrial Films Market?
5. What is the market share of the leading vendors in the Industrial Films Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Films Market?
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