Global Specialty & High Performance Films Market by Product (Polyester, Nylon), by Application (Barrier, Safety & Security) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global market for specialty and high performance films was worth USD 32.6 billion. Over the forecast period, product demand is expected to rise due to rising demand for durable and high-tensile packaging material. These films offer excellent mechanical strength and chemical resistance, which will open up new markets in construction, food and automotive.

The market growth of the flexible Packaging industry will be influenced by the growing demand for food and drinks as well as decorative interiors. The industry is expected to face challenges due to strict regulations regarding the use of plastics and rising environmental concerns. Over the forecast period, however, R&D in the development of biodegradable and recycled plastic materials will open up new opportunities for market growth.

Market growth will be driven by a rising demand for high-performance and specialty films to act as insulators in the electronics and electrical industries. The electrical and electronics industry will be driven by rising government spending and increasing consumer demand. This is in addition to a favorable investment environment in emerging economies like China, Taiwan, Japan and India. Over the forecast period, this is expected to have positive effects on industry growth.

Due to the strong presence of many manufacturers in the industry, the industry will see high industry competition. The market growth projections will be affected by fluctuations in the prices of naphtha and crude oil, which are the main raw materials used in the industry. To reduce manufacturing costs, meet rising consumer demands, and increase profit margins, manufacturers will likely integrate across the value chain.

Manufacturers' efforts to increase film strength and durability to meet consumer demand, as well as strict specifications, are expected to drive demand in the coming years. The global market was dominated by barrier films. It has high oxygen barrier properties and thermal resistance. Superior properties like water vapor performance and gas barrier performance protect the product against corrosion, moisture absorption and oxidation.

These films will be in high demand due to reconstruction activities in Europe and North America over the forecast period. Modern glass constructions face many challenges in protecting themselves from the UV rays caused by global warming. Market growth is expected to be driven by the rising demand for UV ray protection and sunlight control films.

Product Insights

The market can be segmented by type of polymer such as nylon, polyester, fluoropolymers and polycarbonate. Polypropylene and polyamide, as well as polyethylene and engineered thermoplastics, are some of the other products. Polyesters held the largest market share, and they are expected to grow at a revenue-based rate of 6.6% during the forecast period.

Due to their excellent flexibility and thermal stability, nylon-based films and polyamide are expected to see significant growth. Product growth will be driven by a growing demand for biodegradable plastics materials over the forecast period.

Application Insights

In 2015, barrier films dominated the market and will continue to grow at a revenue-based rate of 6.7% during the forecast period. These films are used in semiconductor insulations, PVs and food processing industries. This is expected to drive demand. These films are also used in pharmaceutical blister packaging, and the food processing sector, which will fuel demand in the coming years. Due to the increasing demand for microporous and safety-and security films, their use in interior decoration and durable electronics lamination will see significant growth.

End-Use Information

In 2015, packaging accounted for more than 65.0% of the total revenue and volume. Industry growth is expected to be fueled by the increasing use of flexible and chemically inert materials for packaging food products and beverages. Demand will also be driven by consumer awareness about food safety and hygiene.

Industry growth is expected to be boosted by the expansion of the product's application in light control and safety film applications in construction. The forecast period will see a rise in demand for specialty and high performance films due to the rapid growth of the Asian Pacific, Middle East and Africa construction industries.

Regional Insights

Asia Pacific was the dominant region in the industry. It is expected to experience significant growth during the forecast period. The growth can be attributed to growing automotive-aftermarket and automotive industries. Due to the presence large-scale raw material suppliers, the industry in the region will experience alarming growth.

The region's rapid industrialization and favorable government environment are likely to drive demand. The market is expected to grow due to rising demand for processed food and frozen food over the forecast period.

Market Share Insights for Specialty and High-Performance Films

This industry is highly competitive and characterized by fierce rivalry, with very low profit margins. It is fragmented and there is no single dominant stakeholder. 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 are key players.

Report Scope

Up Market Research published a new report titled “Specialty & High Performance Films Market research report which is segmented by Product (Polyester, Nylon), by Application (Barrier, Safety & Security), By Players/Companies 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”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Specialty & High Performance Films Market Report Segments:

The market is segmented by Product (Polyester, Nylon), by Application (Barrier, Safety & Security).

Specialty & 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:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Specialty & High Performance Films Market

Overview of the regional outlook of the Specialty & High Performance Films Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Specialty & High Performance Films Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Specialty & High Performance Films Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Polyester

                2. Nylon

                1. Barrier

                2. Safety & Security

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Specialty & 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:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Specialty & High Performance Films Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.