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Industrial Films Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Mitsui Chemicals Inc., Toyobo Co. Ltd., Eastman Chemical Company, Compagnie de Saint-Gobain SA
Industrial Films Global Market Report 2024
Industrial Films Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.58 billion In 2028 At A CAGR Of 5.1% :
The industrial films market size has grown strongly in recent years. It will grow from $42.58 billion in 2023 to $45.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to cost-effectiveness, shift from rigid to flexible packaging, increased demand for barrier films, textile industry use, medical and healthcare.
The industrial films market size is expected to see strong growth in the next few years. It will grow to $57.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to continued industrialization, sustainable packaging, construction sector growth, agricultural applications expansion, rapid advancements in electronics. Major trends in the forecast period include functional coatings, optical films, heat-shrink films, uv-resistant films, multilayered films.
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Industrial Films Market Major Segments
The industrial films market covered in this report is segmented -
1) 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
2) By Application: Coated Non-Woven Products, Dry Film Adhesives, Electronic and Battery, Barrier and Breathable, Puncture Resistant Coatings and Films
3) By End-Use Industry: Agriculture, Industrial Packaging, Construction, Medical, Transportation, Other End-Use Industries
Key Driver - Surge In Developing Countries' Construction Activities Fuels Growth In The Industrial Film Market
Increasing construction activities and projects in developing countries are expected to propel the growth of the industrial film market going forward. 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. For instance, October 2023, Upmetrics, a US-based AI-powered business plan software solutions company published an article according to which the construction industry of the USA is worth $1.8 trillion, while the global construction industry is valued at $8.9 trillion in 2023 and the global residential construction market is expected to grow to $8.3 trillion by 2032, with a 4.8% annual growth rate. Therefore, increasing construction activities and projects is driving the industrial films market. .
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Prominent Trend - Dupont's Breakthrough Tedlar Pvf Film Sets The Standard In Industrial Film Market
Product innovations are a key trend gaining popularity in the industrial film market. 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.
Industrial Films Market Players
Major companies operating in the industrial films market report 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, Sigma Plastics Group, Muraplast d.o.o., Unitika Ltd., Jindal Films Europe Virton Sprl, Transcendia Inc., Mondi plc, Hi-Fi Industrial Film Ltd., Bogucki Folie Sp zoo, Inteplast Group Corporation, 3M Company, Avery Dennison Corporation, Bemis Company Inc., Covestro AG, Filmquest Group Inc., Uflex Ltd., Hyplast NV, Kuraray Co. Ltd., Novamont SpA, Plastipak Holdings Inc., Polifilm Group, Raven Industries Inc., Renolit Group, RKW Group, Saudi Basic Industries Corporation, Saint-Gobain SA, Sealed Air Corporation, SRF Limited, Technipaq Inc., Tredegar Corporation
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the industrial films market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Films Market Report Structure
3. Industrial Films Market Trends And Strategies
4. Industrial Films Market - Macro Economic Scenario
5. Industrial Films Market Size And Growth
…..
27. Industrial Films Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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