Specialty & High Performance Films Market Size, Share & Trends Report

Specialty & High Performance Films Market Size, Share & Trends Analysis Report By Product (Polyester, Nylon), By Application (Barrier, Safety & Security), By End Use, And Segment Forecasts, 2016 - 2024

  • Published Date: May, 2016
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-277-8
  • Format: Electronic (PDF)
  • Historical Data: 2013 - 2014
  • Number of Pages: 70

Industry Insights

The global specialty and high performance films market size was valued at USD 32.6 billion in 2015. Rising demand for high tensile and durable packaging material is expected to drive product demand over the forecast period. Excellent mechanical strength and chemical resistance offered by these films are likely to open new avenues for the market in construction, food, and automotive applications.

Growth of the flexible packaging industry owing to rising demand for decorative interiors and food and beverages is likely to have a positive impact on the market growth over the next few years. Stringent regulations on the use of plastic materials, coupled with rising environmental concerns, are anticipated to pose as a barrier for the industry growth. However, R&D related to the development of bio-degradable and recyclable plastic materials is expected to open new avenues for the market growth over the forecast period.

U.S. specialty & high performance films market

Rising demand for specialty and high performance films as an insulator in the electrical and electronics industry is expected to be a key driver for the market growth. Rising government spending, increasing consumer demand, coupled with favorable investment climate in the emerging economies such as China, Taiwan, Japan, and India, are likely to drive the electrical and electronics sector. This, in turn, is expected to have a positive impact on the industry growth over the forecast period.

The industry is expected to witness high industry rivalry owing to the presence of numerous manufacturers with strong foothold in the industry. However, fluctuating prices of crude oil and naphtha, which are the primary raw materials for the industry, are likely to affect the market growth over the projected period. Manufacturers are likely to undergo integration across the value chain in order to reduce manufacturing cost, meet rising consumer demand, and increase profit margins.

Initiatives taken by manufacturers to improve films durability, strength, and quality in order to meet the consumer demand as well as stringent specifications are expected to propel demand over the next few years. Barrier films dominated the market at the global level. It serves high oxygen barrier properties, thermal resistivity, and flex crack. Moreover, superior properties such as water vapor and gas barrier performance help to protect the end product from corrosion, moisture absorption, oxidation, and drying.

Reconstruction activities in Europe and North America are projected to boost the demand for these films over the forecast period. Protection from UV rays owing to global warming has been one of the major challenges for modern glass constructions. Rise in demand for sunlight control films and UV ray protection films is anticipated to propel the market growth over the forecast.

Product Insights

The market is segmented on the basis of polymer type as polyester, nylon, polycarbonate, fluoropolymers, and others. Other products include polypropylene, polyamide, polyethylene, and engineered thermoplastic. Polyesters accounted for the largest market share and is likely to expand at a revenue-based CAGR of 6.6% over the forecast period.

Polyamide and nylon based films are expected to witness significant growth owing to the excellent thermal stability and flexibility offered by these materials. Growing demand for bio-degradable plastic materials is likely to be a key driver for the product growth over the forecast period.

Application Insights

Barrier films dominated the market in 2015 and are likely to expand at a revenue-based CAGR of 6.7% over the forecast period. Rising demand for these films in semiconductor insulations and solar PVs is expected to propel demand. Furthermore, these films are used in pharmaceutical blister packaging and the food processing industry, which is likely to fuel the demand over the next few years. Microporous and safety and security films are expected to witness significant growth owing to their rising demand in durable electronics lamination and interior decoration.

End Use Insights

Packaging was the largest end-use segment in 2015, accounting for over 65.0% share in terms of revenue and volume. Increasing application of flexible and chemically inert material for packaging food and beverages is projected to fuel industry growth. Moreover, rising consumer awareness regarding food hygiene and safety is likely to boost the demand.

Global specialty & high performance films market

Expanding application scope of the product in light control and safety films in the construction industry is projected to have a positive impact on industry growth. High spending on infrastructure and rapid growth of the construction industry in Asia Pacific and Middle East and Africa are anticipated to augment the demand for specialty and high performance films over the forecast period.

Regional Insights

Asia Pacific dominated the industry and is anticipated to witness substantial growth over the forecast period. The growth can be attributed to growing automotive-aftermarket and automotive industries. The industry in the region is expected to witness alarming growth due to the presence of large scale raw material suppliers in the region.

Rapid industrialization, coupled with favorable government scenario in the region, is likely to drive the demand. Furthermore, rising demand for processed and frozen food is anticipated to boost the market growth over the forecast period.

Specialty & High Performance Films Market Share Insights

The industry is characterized by high competition and rivalry with low profit margins. The market is highly fragmented with no clear cut majority stake holder. Key players in the market include The Dow Chemical Company; E. I. du Pont de Nemours; Bayer AG; Bemis Company Inc.; Evonik Industries; Honeywell International, Inc.; Eastman Chemical Company; Sealed Air Corporation; and The 3M Company.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2014

Forecast period

2016 - 2024

Market representation

Volume in Tons, Revenue in USD Million, and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, Germany, U.K., China, Japan, India, and Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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