The global specialty & high performance films market size is anticipated to reach USD 67.43 billion by 2030, growing at CAGR of 6.1% from 2024 to 2030. The demand for the product is primarily driven by robust and high tensile packaging application. Increasing demand for the product in premium food and cosmetics products owing to superior barrier properties is likely to augment growth over the projected period.
Superior flexibility, chemical inertness and light weight offered by the product as compared to its counterparts including metal and glass packaging are expected to provide a competitive advantage in packaging application over the next eight years.
Growing demand for the product in automotive applications to protect sunroofs, rear and side windows, windshields and to mask dashboards is expected to drive growth. In addition, the product is used as an insulating material for semiconductors in the electronics industry. High thermal resistivity of product is expected to propel its demand in electronic application over the next few years.
The industry is characterized by the presence of numerous players with wide product portfolio. The manufacturers are consolidating in order to reduce operational cost and increase profit margins. Rapid industrialization, rising consumer demand and low labor cost in Asia Pacific is anticipated to compel manufacturers to establish their production plants near close vicinity. However, volatile raw material prices and high competition is expected to pose a challenge for the industry players.
Superior flexibility, chemical inertness and light weight offered by the product as compared to its counterparts including metal and glass packaging are expected to provide a competitive advantage in packaging application over the next eight years.
Growing demand for the product in automotive applications to protect sunroofs, rear and side windows, windshields and to mask dashboards is expected to drive growth. In addition, the product is used as an insulating material for semiconductors in the electronics industry. High thermal resistivity of product is expected to propel its demand in electronic application over the next few years.
The industry is characterized by the presence of numerous players with wide product portfolio. The manufacturers are consolidating in order to reduce operational cost and increase profit margins. Rapid industrialization, rising consumer demand and low labor cost in Asia Pacific is anticipated to compel manufacturers to establish their production plants near close vicinity. However, volatile raw material prices and high competition is expected to pose a challenge for the industry players.
Specialty & High Performance Films Market Report Highlights
- Polyester dominated the market and accounted for a market revenue share of 68.6% in 2023. Polyester films are widely utilized as substrates for flexible circuits, displays, and touchscreens due to their superior electrical insulation and thermal stability.
- Barrier accounted for the largest market revenue share in 2023. Barrier films, known for their ability to protect products from external elements such as moisture, oxygen, and UV light, are crucial in maintaining freshness and extending the shelf life of packaged goods.
- The packaging segment accounted for the largest market revenue share in 2023. Specialty films provide excellent barrier properties that protect products from moisture, oxygen, and light, helping to preserve the freshness and quality of food and beverages.
- Asia Pacific specialty & high performance films market accounted for the largest market revenue share of 39.1% in 2023.
The leading players in the Specialty & High Performance Films market include:
- BASF SE
- Clariant AG
- Albemarle Corporation
- Songwon Industrial Co., Ltd.
- Nouryon
- LANXESS AG
- Evonik Industries AG
- Kaneka Corporation
- The Dow Chemical Company
- ExxonMobil Corporation
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Specialty & High Performance Films Market Variables, Trends, & Scope
Chapter 4. Specialty & High Performance Films Market: Product Estimates & Trend Analysis
Chapter 5. Specialty & High Performance Films Market: Application Estimates & Trend Analysis
Chapter 6. Specialty & High Performance Films Market: End Use Estimates & Trend Analysis
Chapter 7. Specialty & High Performance Films Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Specialty & High Performance Films market include:- BASF SE
- Clariant AG
- Albemarle Corporation
- Songwon Industrial Co., Ltd.
- Nouryon
- LANXESS AG
- Evonik Industries AG
- Kaneka Corporation
- The Dow Chemical Company
- ExxonMobil Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 44.6 Billion |
| Forecasted Market Value ( USD | $ 67.43 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
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