Press release
High Performance Films Market to Soar at a CAGR of 6% to 2024
Growing packaging industry demand owing to expansion of retail sector, electronics and pharmaceuticals will drive the high performance films market share over forecast period. Enhanced flexibility, chemical resistance, and durability are some of the features which makes it preferable over other available alternatives.
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High Performance Films Market size is set to cross USD 54 billion by 2024; according to a new research report.
Increasing demand for food and beverage including ready to eat meals, frozen food and fast food coupled with change in consumer taste preference will stimulate the high performance films market share. Availability of wide product range with easy handling makes it favorable for tetra packaging.
Fluoropolymer high performance films market share is set to witness growth over 5% from 2016 to 2024. These are primarily used in construction, aerospace, automotive and electronics industry due to its high mechanical toughness to material, good thermal, low friction, and corrosion resistance property. The global polyester demand was over 7,200 kilo tons in 2015 and is predicted to witness significant growth owing to its ability to retain its shape and wrinkle resistant property. It also finds application in industrial and consumer textiles.
Global high performance films market demand for 2015 was over 9,100 kilo tons. Positive outlook towards electrical & electronics and packaging industries will favor the business landscape. Increasing demand for waterproofing material will spur the industry growth in future. Nylon share is expected to exceed USD 6 billion by 2024 owing to its moisture absorption, thermal resistance, and heat resistance properties.
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North America high performance films market size was valued at over USD 4 billion in 2015 and is expected to witness substantiate growth on account of increasing demand for food and beverage industry. Increasing barrier film demand from semiconductor and PV cell manufacturing industry owing to its water repellant property will further augment the industry landscape.
Asia Pacific automotive applications are predicted to reach over 230 kilo tons with growth over 5% by 2024. Growing automobile production rate due to easy and low price labor availability will positively impact the industry outlook.
Middle East high performance films market size is expected to witness growth at over 3% from 2016 to 2024. Increasing demand for packaging and construction industry may propel the business growth.
High performance films market size demand from personal care is expected to exceed 940 kilotons with growth of over 4% by 2024. It finds application in adult and feminine incontinence products and disposable diapers. Increasing awareness towards personal hygiene along with economy growth in Latin America and Asia Pacific may propel industry growth.
Global high performance films market size is highly fragmented in nature. Key player includes Covestro, Bernis, 3M, Evonik, DuPont, Sealed Air Corporation, Honeywell, Clopay Plastic, Eastman and Dow Chemical.
Related Reports: -
Global High Performance Films Market Research Report 2017
Notes: Production, means the output of High Performance Films Revenue, means the sales value of High Performance Films This report studies High Performance Films in Global market, especially in N...
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