Global High Performance Films Market size contributed higher than $30.1 billion for 2015 and is predicted to record CAGR of more than 6.1% during forecast timeline. Increased choice for robust and high tensile packaging substances due to its heavy chemical resistant features is predicted to propel industry expansion. New inventions in packaging in terms of barrier properties coupled with best aesthetic worth are few of the aspects predicted to propel demand for high performance films. In addition to this, development in electronics sector, pharmaceuticals and other non-food retail items sector is predicted to boost industry growth.
Rising demand for readymade diets, on-the-go foods and frozen foods is predicted to promote high performance industry expansion. Global food packaging expenditure was more than $252 billion for 2014 and projected to exceed $301 billion by end of forecast timeframe.
Shifting customer choice towards frivolous and easy to dispose beverage packaging can improve product expansion. Rising tetra packs use for beverages packaging due to easy handling and accessibility of various shapes as well as sizes is predicted to enhance industry growth.
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These high performance films are utilized for safety purpose on windows and doors of houses. Further, they also possess specific characteristics like high aesthetic worth, light control, protection from ultra violet rays and temperature control. Expansion of commercial construction sector in countries like UK, China, Germany and India is anticipated to boost high performance films market trends during forecast timeline. Product development is predicted to offer many new avenues for industry growth.
Polycarbonate, polyester, fluoropolymer and nylon are used to produce the films and costs are associated with crude oil index. But civil disturbance in Middle East regions along with changes in crude oil index can hinder industry growth and affect specialty & high performance films industry demand.
Global high performance films industry is segmented into various products like fluoropolymer, nylon, polycarbonate and polyester. Polyester films produced revenue of about $20 billion for 2015. Strong pointers from packaging applications, construction & housing expenditure, fast modernization and retail chain growth in BRICS (Brazil, Russia, India, China and South Africa) countries can propel segment growth. Nylon films segment are predicted to experience growth of about 4.6%. Their applications in construction sector, food & beverage sector and automotive sector in Asia Pacific can promote product demand.
Polycarbonate films segment can experience substantial gains at more than 6.6% and exceed 551 kilo tons of output by end of forecast timeline. The factors predicted to contribute towards segment growth are properties like high durability, high glass transition temperature and high resistance of these films along with its applications in manufacturing of data storage disks, parts of aircraft, electronic parts, automotive components and construction materials.
Global high performance films market is segmented into decorative applications, safety & security films applications, microporous applications and barrier films applications.
Barrier films segment contributed more than $15.1 billion for 2015. Rising scope of application in semiconductors and solar photovoltaic cells due to oxidation and moisture resisting properties are few aspects driving the segment demand.
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Microporous segment is predicted to record greater than 4.1% of CAGR in future. Increasing demand for waterproofing materials in local construction activities can propel the demand for these films. Further, they have capacity to repel water penetration and permit air penetration as well as moisture to the substances that are utilized for laminating and coating purpose. All these factors are predicted to boost segment growth.
Safety & security segment is predicted to produce revenue of greater than $5.1 billion by end of forecast timeline. Rising expenditure on construction in BRICS countries and Middle East nations due to favorable government policies on local infrastructure growth can drive the demand for the segment and propel high performance films industry growth.
Global high performance films industry is segmented into various end use applications like construction, personal care products, automobiles, packaging and electrical & electronics.
Packaging segment led the end use segment by contributing revenue higher than $20.1 billion. Its growing in oxygen scavenging, low oxygen case ready techniques in meat sector and vacuum packaging are few of the main factors contributing to the segment expansion.
Electrical & electronics end use applications segment is predicted to make heavy gains. Properties like chemical inertness, low friction coefficient property, dielectric feature, low moisture absorption property, optical feature, Ultra violet & weather resistant property and temperature performance are predicted to contribute towards segment growth. Further, its end use applications in microwave circuitry, photovoltaic cells, rupture disks, microphone and cable insulation are projected to propel growth of this end use application segment.
Construction segment is predicted to experience substantial gains by registering CAGR of more than 7.51% during forecast timeframe. It is projected to produce more than $3.6 billion revenue by end of 2023. The growth of the segment is attributed to the application of high performance films in construction for enhancing aesthetic and functional features and aid functions like light control and security of the segment.
Read full market research report “High Performance Films Market Size By product (Nylon, Polyster, Polycarbonate, Fluoropolymer), By Application (Safety & Security films, Barrier Films, Microporous, Decorative), By End-Use (Personal care products, Packaging, Electrical & Electronics, Automobiles, Construction), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Thailand, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024.”, please click on the link below:
Global high performance films market is segmented into geographical locations like APAC, MEA, North America, LATAM and Europe.
APAC, led by China and India high performance films market share, dominated the regional industry. It was evaluated at more than $ 9.1 billion for 2015. Rising automotive production in countries like China and India owing to key producers setting up their manufacturing centers in these regions due to low production costs and inexpensive labor is predicted to promote specialty & high performance films industry growth in the APAC.
European industry is predicted to register CAGR of more than 4.6% during forecast timeline. Industry growth in countries like France, Germany and UK are predicted to contribute towards regional industry growth.
U.S. high performance films market share is projected to cross $3.1 billion mark by end of forecast timeframe. Rise in construction activities in U.S. is one of the key factors contributing to the regional industry growth. Other key factors contributing to the regional industry growth being rapid CAGR contribution by packaging and electrical applications owing to use of packaging in food & beverage segment along with expansion of consumer electronics sector in U.S.
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