The Global Specialty And High-Performance Films Market size is projected to grow at a CAGR of 2.6% during the forecast period, owing to increasing demand for specialty films in various applications such as safety and security films, decorative films, microporous films among others.
Specialty films are thermoplastic polymers that have high strength, stiffness, and toughness. These properties allow for an array of applications in various industries such as automotive, adhesives & sealants, consumer electronics, etc. High-performance films are generally used for electrical insulation purposes due to their ability to withstand harsh conditions like extreme temperatures (low or high). High-performance films are widely used in a variety of applications such as food packaging, automotive, and building & construction. For instance, high-performance films can be found in the transport sector for protecting delicate cargo against damaging forces during transportation. High-performance films provide excellent barrier properties to packed items making them perfect for preventing moisture from getting into the package and causing product damage. Specialty films are used in niche applications such as liquid packaging, pharmaceuticals, or semiconductor fabrication industry where other types of the film fail to provide adequate protection. For instance, specialty films are used in pharmaceutical packaging to provide a secure seal for the product while also ensuring that it reaches the recipient safely.
On the basis of Type, the global specialty and high-performance films market is segmented into specialty films and high-performance films.
Specialty films are thinner and lighter than other conventional film products. They offer excellent optical properties such as clarity, gloss, and opacity along with functional benefits like moisture barrier protection, static control, or high-energy radiation shielding. Specialty films can be used across various industries including automotive, packaging & converting, food & beverages (F&B), consumer goods, and healthcare.
High-performance films are produced by adding additives such as carbon fibers or metallic materials into the polymer, with the purpose of increasing the properties like stiffness and strength. The demand for high-performance films is expected to be higher in the automotive industry where improvement in fuel economy is leading towards lightweight cars that require increased self-repair abilities. High-performance films are known to be a higher version of the standard specialty films. They have high-performance levels, which make them suitable for use in various applications such as food packaging and the medical device industry. These features include improved puncture resistance, good heat sealability, excellent optical clarity, etc. In addition to this, they also provide increased chemical stability along with enhanced electrical properties when compared to traditional specialty film products.
On the basis of Application, the global specialty and high-performance films market is segmented into barrier films, decorative films, microporous films, and safety & security films.
Barrier films are used in the packaging of pharmaceutical, food, and beverage products. They protect against humidity, gas, or liquid transfer into the container. The barrier film must have the high tensile strength to prevent breakage during transit while being easy to open by customers at home. Barrier films share many similarities with other plastic films but they possess unique properties that differentiate them from conventional plastics such as clingy nature which allows for single-handed opening, metalizing capabilities for improved glossiness & clarity, and non-stick ability which inhibits package sticking inside a refrigerator compartment among others.
Decorative films are those which help beautify the home or office premises through colorful graphics. They can be used as window dressing for walls and doors; printed posters that one use for decorating living rooms, bedrooms, halls, etc.; or as an alternate option for wallpaper on ceilings and floors among others. Specialty films are applied for decorative applications to increase the aesthetic appeal of the product. Decorative films are used in automotive, appliances, packaging & labels, and the building & construction industry for their decoration properties.
Specialty and high-performance films are used as microporous films in various applications. Microporous films are used to control the flow of water and gases through them. These films find their application in food packaging, automotive, the medical device industry, building & construction, consumer electronics products, etc. Microporous films can be made by altering or modifying a base film such as plastic via different methods like; phase separation method, gas plasma treatment, etc.
Safety and security films are used to protect the glass surfaces of buildings, automobiles, aircraft, etc. from getting damaged by stones or any other sharp objects thrown at them during riots or violent protests. High-performance films are used for security and safety purposes as they provide a measure of protection from natural elements, water, or other damages. They have been utilized in the automotive industry to enhance fuel efficiency by reducing wind resistance and increasing performance.
On the basis of Region, the global specialty and high-performance films market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to continue being dominant in the global specialty and high-performance market throughout the forecast period due to increasing demand for personal care products across the region. The Asia Pacific will be the fastest-growing regional segment during 2016 – 2028 mainly driven by increasing demand for specialty and high-performance films in the region.
Middle East & Africa is expected to witness significant growth due to a surge in demand from the automotive industry across this region. Latin America has witnessed the highest CAGR during 2016 – 2028 mainly driven by increased sales of personal care products such as baby diapers, feminine hygiene pads, adult diapers, etc. Currently, the market for specialty and high-performance films in the European market is growing at a very fast rate. The increasing demand for these films from various end-users across Europe such as the food & beverage packaging industry, automotive sector, etc. is expected to drive the growth of specialty and high-performance films over the next few years.
The factors driving the growth of this market are increasing demand for plastics in end-user industries, such as transportation and electronics & electrical equipment; rising demand for flexible packaging (including food and beverages) on account of increased consumption rate; technological advancement towards new product development; increase in R&D activities across Asia Pacific countries which provide opportunities through investments made in research laboratories. Furthermore, The major drivers behind the growth trajectory in this market include technological advancements, product innovations, growing demand for transparent electrodes at both consumer & industrial levels. These are a few major factors that are fueling the growth of the specialty and high-performance films market.
Up Market Research published a new report titled “Specialty and High performance Films Market research report which is segmented by Types (Specialty Films, High-performance Films), By Applications (Barrier Films, Decorative Films, Microporous Films, Safety and Security Films), By Players/Companies 3M, Amcor, Covestro, Honeywell, Transilwrap”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Specialty and High performance Films Market Research Report|
|By Type||Specialty Films, High-performance Films|
|By Application||Barrier Films, Decorative Films, Microporous Films, Safety and Security Films|
|By Companies||3M, Amcor, Covestro, Honeywell, Transilwrap|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||224|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The market is segmented by Type Specialty Films, High-performance Films and By Application Barrier Films, Decorative Films, Microporous Films, Safety and Security Films.
Some of the companies that are profiled in this report are:
Specialty and High performance Films Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
We have studied the Specialty and High performance Films Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Specialty and High performance Films Market Report:
Some other reports from this category!