Monday, 21 July 2014

The global demand for specialty and high performance films was 8.3 million tons in 2012 and is expected to reach 12.2 million tons in 2019, growing at a CAGR of 5.7% from 2013 to 2019. In terms of revenue, the market was valued at USD 27.42 billion in 2012 and is expected to be USD 42.21 billion in 2019, growing at a CAGR of 6.4% from 2013 to 2019.


Demand for specialty and high performance is substantial in packaging due to excellent barrier properties, high tensile strength and chemical resistance. Growth of packaging industry, particularly flexible packaging industry is expected to drive the demand for these films. In addition, usage of these films in semiconductors which are used in photovoltaic (PV) systems and the growing number of installations of PV systems is further expected to fuel the demand for these films.

Specialty and high performance films are made of polymers such as polyester, fluoropolymer and polycarbonate among others. Volatility in the prices of crude oil, which consequently affects the prices of its downstream products, is expected to restrain the demand for specialty and high performance films. Development and commercialization of bio-degradable and water soluble films is expected to open new opportunities for this market as there is a growing demand for eco-friendly products.

Use of specialty and high performance films in packaging accounted for over 65% of the market in 2012. Growing demand for packaged goods on account of rising consumer awareness regarding hygiene is consequently expected to drive the market for packaging industry. Rising construction activities in various countries such as U.S. and Japan and particularly in emerging economies such as China and India have led to a growing demand for light control films. Thus, the construction industry is expected to show the fastest growth over the forecast period.

Polyester is extensively used in packaging, thus, the demand for polyester specialty and high performance films was highest accounting for approximately 80% of the market in 2012. However, growing number of PV installations all across various developed and developing countries on account of shortage of electricity is expected to boost the demand for polycarbonate films which are an integral part of semiconductor units.


The demand for specialty and high performance films in Asia Pacific was 3,000.9 kilo tons in 2012. Asia Pacific is expected to show the highest growth over the forecast period on account of growing demand for electronic goods and automobiles. In addition, construction activities are highly prevalent in this region due to rapid industrialization, which is expected to consequently drive the films demand. Furthermore, growth of packaging and re-construction sectors in developed nations such as North America and Europe are expected to contribute to the growth of specialty and high performance films market.

Some of the key participants which are profiled in the report include Bemis Corporation, Sealed Air Corporation, Eastman Chemical Company, Honeywell International, DuPont, 3M and Clopay Plastic Products among others.

The report gives a comprehensive view of the specialty and high performance films market in terms of volume and revenue. In addition, the report includes demand forecast for each product segment, application and end-use in North America, Europe, Asia Pacific and Rest of the World. The report comprises of the following segments:

Specialty and High Performance Films Market: Product Segment Analysis,
Polyester
Nylon
Fluoropolymer
Polycarbonate
Others (Polyimide, propylene, polyethylene naphthalate)

Specialty and High Performance Films Market: Application Analysis,
Barrier
Safety and security
Decorative
Microporous
Others (Biodegradable, water soluble, light control)

Specialty and High Performance Films Market: End-use Analysis,
Packaging
Personal care products
Electrical & electronic
Automobiles
Construction
Others (Bags, agriculture & gardening, mass media)

The report comprises of specialty and high performance films demand for every product segment, application and end-use in the following regions:
North America
Europe
Asia Pacific
Rest of World

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