Title: High Performance Films Market size poised to exceed revenue of USD 54 billion by 2024: Global Market Insights, Inc.
1High Performance Films Market Size, Share,
Industry Outlook Forecast 2016-2024
High Performance Films Market size poised to
exceed revenue of USD 54 billion by 2024
2 Global Market Scenario of High Performance Films
Industry
- High Performance Films Market size poised to
exceed revenue of USD 54 billion by 2024
according to a new research report by Global
Market Insights, Inc. - Packaging industry growth owing to electronics,
pharmaceuticals, and retail sector expansion
should favor high performance films market size
growth. Durability, flexibility and chemical
resistance are key features making the product
ideal for packaging industry. - Growing consumer demand for fast food, ready to
eat meals, and frozen food due to change in
lifestyle and eating habits are factors which
should drive specialty high performance films
demand. Moreover, easy handling and various size
availability makes the product ideal for tetra
packaging beverages.
3- North America barrier films market size valued at
over USD 4.3 billion in 2015, with Canada and
U.S. being major contributors due to food
beverages industry expansion. Moreover, growing
barrier films demand in solar PV cells and
semiconductors manufacturing due to UV and
moisture resistance properties may drive regional
growth. -
- Fluoropolymer films demand should witness highest
gains, growing at over 7. Exhibiting good
thermal and corrosion resistance, high mechanical
toughness to material and low friction properties
makes the product suitable for automotive,
construction, electronics, and aerospace
applications. -
- Europe, driven by UK and Germany high performance
films market size, has observed notable growth in
packaging application. Europe packaging films
market size may exceed USD 11 billion valuation
by 2024 with 6.3 CAGR. Polyester films market
size in Latin America witnessed significant
growth with automotive and construction industry
expansion in Brazil being driving factors. -
- Polyester, nylon, polycarbonate and fluoropolymer
are the key materials used to make the final
product and their prices are related to crude
oil. Tight raw material supply due political
unrest in Middle East may impact high performance
films market price trend and affect industry
profitability. Additionally, regulatory
compliance pertaining to plastic films disposal
may threat industry growth.
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5Application Insights
- Barrier films were valued over USD 15 billion in
2015. Growing application scope in solar PV cells
and semiconductors owing to moisture and
oxidation resistance properties are factors
driving product demand. Microporous based
application may expect more than 4 gains.
Growing waterproofing materials demand
applications in domestic construction may fuel
microporous films demand. In addition,
microporous films have ability to repel water,
allow air penetration and moisture to the
material used for coating and laminating. - Safety security applications may generate over
USD 5 billion by 2024. Increasing construction
spending in BRICS and Middle East countries owing
to favorable regulatory policies on domestic
infrastructure improvement may drive product
demand and fuel specialty high performance
films market size.
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6Products Insights
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om/industry-analysis/high-performance-films-market
- Polyester films generated over USD 20 billion in
2015. Strong indicators from packaging
applications, rapid urbanization, housing
construction spending and retail chains
development in BRICS nations may fuel polyester
high performance films market. - Nylon films market should witness over 4.5
growth. Application in food beverage,
automotive and construction industries in APAC,
may drive product demand. Polycarbonate films
market may witness significant gains at over 6.5
and surpass 550 kilo tons by 2024. They exhibit
high glass transition temperature, good impact
resistance and high durability and are used in
the production of electronics components,
construction materials, data storage discs (DVDs,
CDs and Blue-ray Disc), automotive and aircraft
components.
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15
Regional Analysis
- APAC, driven by India and China high performance
films market size, led the regional industry.
APAC market was valued at over USD 9 billion in
2015. - Increasing automobile production in India and
China as a result of key manufacturers setting up
bases in the region owing to low manufacturing
cost and cheap skilled labor availability should
drive specialty high performance films market
size in the region. - Europe, with automobile industry growth in
Germany, UK and France, may witness gains at over
4.5 CAGR up to 2024. Shift of automobile
manufacturing bases of major vehicle companies
from European countries to high potential regions
of Asia Pacific and Latin America may contribute
to the below average growth rates in the region. - U.S. high performance films market share, with
the construction industry taking an upturn, looks
set to surpass USD 3 billion in revenue by 2024.
Packaging and electrical end-use is poised to
grow at the fastest CAGR as a result of
increasing flexible packaging used in food
beverage industry along with rapid growth of the
consumer electronics industry in the U.S. This
factor may fuel specialty high performance films
market size growth.
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