Press release
Industrial Films Market: Steady Growth Rate and Key Players Driving the Market Surge
Industrial Films Market Size
What Is The Projected Market Size Of The Global Industrial Films Market And Its Growth Rate?
The industrial films market has witnessed a significant growth over recent years, with specific factors such as cost-effectiveness, increased demand for barrier films and shift toward flexible packaging fueling this growth.
• The market size will grow from $44.85 billion in 2024 to $47.55 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%.
• In the forecast period, the market size is expected to achieve a strong growth, reaching $61.6 billion in 2029 at a CAGR of 6.7%.
What Is Driving The Growth In The Industrial Films Market?
The driving force behind the strong performance of the industrial films market can be primarily attributed to increased construction activities and projects in developing countries. Industrial films are extensively used to create unique lighting and appearance effects in construction of buildings and commercial offices. For instance, an article by Upmetrics revealed that the construction industry in the USA was worth $1.8 trillion in 2023, and predicted the global residential construction market to grow to $8.3 trillion by 2032, at a 4.8% annual growth rate. Such developments in the construction industry significantly contribute to the upsurge of the industrial films market.
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Who Are the Key Players Driving Industrial Films Market Growth?
Key players in the market include:
• Mitsui Chemicals Inc.
• Toyobo Co. Ltd.
• Eastman Chemical Company
• Compagnie de Saint-Gobain SA
• DuPont de Nemours Inc.
What Are The Key Trends In The Industrial Films Market?
Several major trends are observed in the forecast period, such as:
• Functional coatings
• Optical films
• Heat-shrink films
• UV-resistant films
• Multilayered films
What Are The Segments Of The Global Industrial Films Market?
The Industrial films market segments include:
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
Which Region Leads The Industrial Films Market?
Asia-Pacific held the largest market share in the industrial films market in 2024 and is projected to be the fastest-growing region in the subsequent years. The market report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Films Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Films Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Films Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Films Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Films Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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