Nylon high performance films market to cross $2 bn revenue growing at 6% CAGR by 2024

Global High Performance Films Market size was over 8 tons in 2015. Packaging and electrical & electronics were major contributing industries.

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.

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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.

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.

Product Trends
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.

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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.

Application Trends
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.

Regional Trends
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.

Competitive Trends
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.

Read our Press Release@ https://www.gminsights.com/pressrelease/high-performance-films-market

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