At 6% CAGR, High Performance Films Market will grow at $54bn by 2024

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.

Selbyville, United States – July 29, 2019 /MarketersMedia/ —

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.

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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.

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.

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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.

Partial Chapter of the Table of Content:
Chapter 2 Executive Summary
2.1. High performance films market industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 End-use trends
Chapter 3 High Performance Films Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Increase in flexible packaging demand
3.4.1.2 Increasing packed & processed food & beverages demand
3.4.1.3 Increasing construction spending
3.4.2 Industry pitfalls & challenges
3.4.2.1 Fluctuating raw material prices
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company Market Share Analysis, 2015
3.8 PESTEL analysis
Chapter 4 High Performance Films Product Insights
4.1 Global high performance films market volume share by product, 2015 & 2024
4.2 Polyester
4.2.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.3 Nylon
4.3.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.4 Fluoropolymer
4.4.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.5 Polycarbonate
4.5.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)
4.6 Others
4.6.1 Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)
4.6.2 Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)

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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.

Key industry participants profiled in the report include Bemis Company Incorporation, Sealed Air Corporation, The Dow Chemical Company, American Durafilm Company Incorporation, Eastman, Clopay Plastic Products, DuPont, Bayer MaterialScience, Eastman Chemical Company, Evonik Industries, Honeywell International Incorporation and 3M.

Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/high-performance-films-market-report

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