openPR Logo
Press release

Polyester Film Market Trends by 2032: Top Players Like- DuPont, Teijin, Toray Industries, Reliance Industries, Indorama Ventures

04-29-2024 02:34 PM CET | Chemicals & Materials

Press release from: Emergen Research

Polyester Film Market

Polyester Film Market

The global polyester film market is witnessing robust growth, with a market size of USD 38.72 Billion in 2022 and an expected revenue CAGR of 6.6% during the forecast period. Key factors driving this growth include the increasing demand for flexible packaging materials in Fast-Moving Consumer Goods (FMCG) products, technological advancements in film manufacturing, and the expanding usage of polyester films in electrical and electronic applications.

Request Free Sample Copy Of This Report@ https://www.emergenresearch.com/request-sample/2416

Polyester film, also known as Polyethylene Terephthalate (PET) film, offers strength, durability, and versatility. Composed of ethylene glycol and terephthalic acid units, it boasts excellent mechanical, chemical, and thermal properties, withstanding temperatures from -70°C when frozen to 150°C when heated. Its widespread application in industries such as packaging, labeling, electrical insulation, and textiles is fueling market growth.

Market Drivers:

• Rising Demand in Packaging: The surge in demand for packaged foods, driven by industries producing frozen foods, snacks, and confectionaries, is propelling the polyester film market. Its high durability and low moisture permeability make it ideal for protecting food products from contamination and spoilage.

• Technological Advancements: Continuous advancements in film manufacturing technologies are enhancing film properties, leading to increased adoption in various industries.

• Expanding Usage in Electrical and Electronic Applications: Polyester films are increasingly being used in electrical insulation, transformers, and flexible circuit boards due to their heat resistance and mechanical strength.

Market Restraints:

• Competition from Synthetic Fibers: Competition from other synthetic fibers such as nylon and acrylic poses a challenge to the polyester film market. These fibers offer enhanced comfort and breathability, leading to potential shifts in consumer preferences.

• Production Costs: Stringent quality control measures and elevated production costs may hinder market growth by making polyester films less competitive compared to other synthetic fibers.

Market Segment Insights:

• Biaxially Oriented Polyester Film (BOPET): The BOPET segment dominated the market in 2022, driven by its excellent mechanical, thermal, and barrier properties. Its versatility and adaptability to various end uses make it a preferred choice in packaging, lamination, insulation, and optical displays.

• Product Applications: Polyester films find applications in wires, transformers, membrane touch switches, and flexible circuit boards. The demand for Less than 50 microns polyester film is increasing, particularly in industries such as electronics and aerospace, where performance is critical.

The polyester film market is witnessing steady growth driven by its versatile properties and expanding applications across various industries. As demand for flexible packaging materials and electrical components continues to rise, the market is poised for further expansion in the coming years.

Avail Free Sample Copy at https://www.emergenresearch.com/request-sample/2416

Polyester Film Top Companies and Competitive Landscape

The global polyester film market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective polyester film.

Some major players included in the global Polyester Film market report are:
• DuPont
• Teijin
• Toray Industries
• Reliance Industries
• Indorama Ventures
• China Petroleum & Chemical Corporation (Sinopec)
• Mitsubishi Chemical
• BASF SE
• Eastman Chemical Company
• Formosa Plastics Corporation
• Alpek SAB de CV
• Nan Ya Plastics Corporation
• Kolon Industries Inc.
• Lotte Chemical Corporation
• Zhejiang Hengyi New Materials Co.

Polyester Film Latest Industry News

• On 22 March 2023, Kolon Industries' Institute for Future Technology announced that it has partnered with Stora Enso Oyj, a world leader in biomaterials from Finland, to develop environmentally friendly plastics. Stora Enso is a well-known manufacturer of biocomposite products and packaging with technology that converts plant raw materials into chemical raw materials for plastics. The two companies will focus on developing Polyethylene Furanoate (PEF) products, the next-generation bioplastic.

• On May 28, 2020: BASF and Red Avenue New Materials Group to produce certified compostable aliphatic aromatic copolyester (PBAT) - Signed a joint agreement granting a sales license to Red Avenue New Materials Group standard. Red Avenue New Materials Group will build its 60,000-ton capacity PBAT plant in Shanghai using BASF's process technology. In return, BASF will receive access to raw materials from this factory, which it plans to sell as Ecoflex.

Polyester Film Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global polyester film market on the basis of type, technology, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Biaxially Oriented Polyester Film (BOPET)
o Bubble Extruded

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Greater than 15 microns Polyester Film
o 15-30 microns Polyester Film
o 30-60 microns Polyester Film
o Less than 60 microns Polyester Film

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Packaging
o Lamination
o Imaging
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Food and Beverage
o Electrical and electronics
o Pharmaceuticals
o Cosmetics
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/polyester-film-market

Future Outlook:

• Growth in End-Use Industries: The electrical and electronics segment is expected to experience significant growth, fueled by the automotive sector's demand for lightweight materials. Polyester film's heat resistance and high tensile strength make it an ideal choice for automotive components.

• Innovation and Sustainability: Manufacturers are focusing on research and development to provide tailored products that align with specific application needs while addressing environmental concerns.

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research 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 analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyester Film Market Trends by 2032: Top Players Like- DuPont, Teijin, Toray Industries, Reliance Industries, Indorama Ventures here

News-ID: 3479206 • Views:

More Releases from Emergen Research

Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion in 2023, Set for Strong Growth at 16.5% CAGR
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems. The market is also benefiting from the
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13.6% CAGR
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions. Stem cell therapies offer the ability to repair, replace, or restore damaged tissues
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophisticated
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing at 13.9% CAGR
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia. Once seen as

All 5 Releases


More Releases for Polyester

Optical Polyester Film Market 2023 Research Analysis | 3M, Hefei Lucky, KOLON In …
In recent years, the global market for optical polyester film has experienced substantial growth due to its diverse applications and unique properties. This versatile and technologically advanced material is making significant inroads across various industries, such as electronics, packaging, imaging, and more. In this article, we will explore the reasons behind the surge in demand for optical polyester film, its wide-ranging applications, and the benefits it brings to modern industries. In
Polyester Fiber Acoustic Panels Market
The global Polyester Fiber Acoustic Panels market was valued at USD 237.06 million in 2022 and is expected to reach USD 334.07 million by the end of 2029, growing at a CAGR of 5.06% between 2023 and 2029. Get a Free Sample Copy of the Global Polyester Fiber Acoustic Panels Market Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=6867126 Polyester fiber acoustic panels refer to the sound-absorbing panels made from polyester fibers that are used to
5 Advantages of Polyester Lanyards
Lanyards are a common office item that is worn by many employees. They are also utilised as identity card holders for pupils by schools and educational institutions. Polyester lanyards are the most often used product among the numerous varieties of lanyards available on the market. Polyester is a tough textile that can resist everyday wear and tear. As a result, polyester lanyards in Ireland are ideal for any type of
Global Optical Polyester Film Market 2019 - Mitsubishi Polyester Film, TORAY, TO …
This new report by Eon Market Research, titled “Global Optical Polyester Film Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Optical Polyester Film industry at a global as well as regional and country level. Key facts analyzed in this report include the Optical Polyester Film market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses
Global Polyester Film (PET Film) Market Growth 2017-2022 Mitsubishi Polyester Fi …
PET or polyethylene terephthalate film is a thermoplastic polymer commonly referred to as polyester film. Like most thermoplastics, PET films can be biaxially oriented or bubble extruded. Polyester film is one of the most common substrates used in the converting industry because of its balance of properties in relation to other thermoplastic polymers. Ask For Sample Copy of Report : http://bit.ly/2toHtBg This report provides detailed analysis of worldwide markets for Polyester Film
Optical Polyester Film Industry 2017 Analysis by Key Players –Mitsubishi Polye …
Optical Polyester Film WiseGuyReports.com adds “Global Optical Polyester Film Research Report 2021” to its Database. Report Scenario Polyester film (PET) is one kind of film material, whose raw material is polyethylene terephthalate, through extrusion method into thick slices, and then by two-way stretch. Optical grade polyester film refer to the PET film which used for optical and optoelectronic field, such as indium tin oxide film (Indium Tin-Oxide ITO film