22-Apr-2022 | Facts and Factors
According to Facts & Factors, The global high-performance film market was worth around USD 39,659.4 million in 2021 and is estimated to grow to about USD 60,865.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.4% over the forecast period. The report analyzes the high-performance film market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the high-performance film market.
High-performance films have gained popularity in recent years as the demand for durable packaging bolsters on a global scale. These films have high thermal and environmental resistance and hence are suitable for packaging multiple components and this factor is expected to propel the popularity of high-performance film over the forecast period.
Browse the full “High-performance Film Market By Material (Polyester, EVA, Polyolefin, Polyamide, Fluoropolymers, Polycarbonate, Others), By Type (Barrier Films, Safety & Security Films, Decorative Films, Microporous Films, Others), By Application (Automotive & Transport, Aircraft/Aerospace, Electrical & Electronics, Packaging, Construction, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” report at https://www.fnfresearch.com/high-performance-film-market
Increasing industrialization on a global scale and rising demand for packaging solutions is expected to majorly boost the adoption of high-performance film in the packaging industry which is a major application area for the global high-performance film market potential over the forecast period. The increasing use of packaging in automotive, food, and beverages industries is also expected to boost sales of high-performance film.
However, stringent mandates to reduce the use of plastics in packaging and norms to curb the use of toxic chemicals in the manufacturing of high-performance film are expected to hamper the high-performance film market potential in the long run. High-performance film manufacturing companies are expected to invest in the research and development of new eco-friendly products to boost the high-performance film market growth through 2028.
The increasing use of high-performance film in the packaging of industrial components and consumer electronics is also expected to boost the adoption of high-performance film over the forecast period. The high-performance film market is anticipated to grow at a moderate CAGR over the forecast period and is expected to see good growth beyond as well.
The pandemic of 2020 resulted in a major change in the industrial sector and this led to a downfall in the global high-performance film market potential. This sudden change in demand and supply impacted the overall packaging market and had a substantially adverse impact on demand for high-performance film in 2020 as this led to low sales of high-performance film.
Lack of raw materials and shuttering of multiple sales and distribution channels also had a negative impact on the high-performance film market growth in 2020. However, the high-performance film market is expected to make see good growth in the post-pandemic era and is expected to surge as the world returns to normalcy and demand for high-performance films through 2028 bolsters.
The global high-performance film market is segregated based on material, type, application, and region. Based on material, the global market is distinguished into Polyester, EVA, Polyolefin, Polyamide, Fluoropolymers, Polycarbonate, and Others. The polyester segment will have a bright outlook over the forecast period owing to high use in the packaging industry. Rising demand for durable packaging is anticipated to be the most prominent segment for global high-performance film market growth over the forecast period.
Asia Pacific region is expected to hold a dominant outlook in the global high-performance film industry landscape and this growth can be attributed to high industrial activity in this region this trend is projected to drive the market through 2028. India and China are projected to be the most prominent countries for high-performance film manufacturers over the forecast period. Rising investments in the industrial sector and favorable government policies are expected to further bolster the high-performance film market potential in the coming years.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 39,659.4 Million |
Projected Market Size in 2028 |
USD 60,865.5 Million |
CAGR Growth Rate |
7.4% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
3M Company (U.S.), Dow Chemical Company (U.S.), Solvay S.A. (Belgium), Covestro (Germany), E.I. DuPont de Nemours and Company (U.S.), Evonik (Germany), and Honeywell International Inc. (U.S.), among others |
Key Segment |
By Material, Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key players functioning in the global high-performance film market include 3M Company (U.S.), Dow Chemical Company (U.S.), Solvay S.A. (Belgium), Covestro (Germany), E.I. DuPont de Nemours and Company (U.S.), Evonik (Germany), and Honeywell International Inc. (U.S.).
Recent developments:
In January 2020, SWM a leading name in the industry announced the acquisition of two firms Tekra LLC and Trient, LLC which are known for high-performance film and substrates to increase product offerings.
The global high-performance film market is segmented as follows:
By Material
- Polyester
- EVA
- Polyolefin
- Polyamide
- Fluoropolymers
- Polycarbonate
- Others
By Type
- Barrier Films
- Safety & Security Films
- Decorative Films
- Microporous Films
- Others
By Application
- Automotive & Transport
- Aircraft/Aerospace
- Electrical & Electronics
- Packaging
- Construction
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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