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High-performance Film Market Size, Share Global Analysis Report, 2022–2028
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
Industry Insights
[211+ Pages Report] According to Facts and 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.
Market Overview
High-performance films are expected to see high demand over the forecast period as demand and focus on durable packaging increases. Increasing demand for packaging with high mechanical and temperature resistance is also expected to favor high-performance film market potential through the forecast period.
Rising demand from automotive, electronics, food and beverages industries is expected to prominently drive the high-performance film market growth in the coming years. The increasing popularity of flexible packaging is also expected to favor high-performance film market potential through 2028.
However, stringent mandates to curb the use of plastics in packaging are anticipated to have a hampering effect on the global high-performance film market landscape over the forecast period.
COVID-19 Impact:
The COVID-19 pandemic led to a downfall of the high-performance film market and this was due to a slump in industrial activity across the world. Lockdown restrictions were put in place to curb the spread of coronavirus infections and this further created an adverse situation for high-performance film companies to run their businesses in an efficient manner in 2020.
Shortage of raw materials and closure of multiple sales and distribution channels further made it difficult for the high-performance film market to flourish in these adverse times. The high-performance film market is expected to make a comeback in the post-pandemic as the world returns to normal.
Resumption of industrial activity and trade activity across the world will favor the high-performance film market potential in the post-pandemic era and is expected to drive the high-performance film market potential through 2028.
Growth Drivers
- Increasing demand For Durable Packaging
Advancements in packaging have bolstered the demand for high-performance film and increasing focus on changing trends of packaging is expected to have a positive impact on the high-performance film market growth over the forecast period. Increasing research and development activities to create sustainable high-performance film is also expected to majorly boost the high-performance film market potential in the long run. Increasing demand for durable packaging from sectors of automotive, consumer electronics, and food and beverages is also expected to favor high-performance film market growth through 2028.
Restraints
- Stringent Mandates to Limit Use of Plastics
The high-performance films market is expected to be negatively impacted by the stringent regulatory norms that are being implemented across the world to curb the use of plastics and minimize harmful impacts on the environment. High-performance film companies are focusing on reducing the use of plastics and other harmful materials to increase compliance with sustainability norms that are becoming a popular trend across the world.
Segmentation Analysis
The global high-performance film market is segregated based on material, type, application, and region.
By material, the market is divided into Polyester, EVA, Polyolefin, Polyamide, Fluoropolymers, Polycarbonate, and Others. The polyester segment is anticipated to hold a dominant market share in the global high-performance film market landscape. This is due to the high use of polyester in multiple packaging applications and this trend is projected to further bolster the growth of this segment through the forecast period.
By Application, the high-performance film market is segmented into Automotive & Transport, Aircraft/Aerospace, Electrical & Electronics, Packaging, Construction, and Others. The increasing demand for durable packaging is expected to drive the adoption of high-performance film in packaging applications at the fastest pace over the forecast period through 2028.
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.). |
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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Regional Landscape
The Asia Pacific region is projected to be the most lucrative market for High-performance film over the forecast period. Increasing manufacturing and production activity in this region is spawning a high demand for durable packaging and this is subsequently driving the high-performance film market potential through 2028. India and China are anticipated to be the most lucrative markets in this region for high-performance film through 2028. Increasing demand from the food and beverages sector is anticipated to be the most prominent driver for the high-performance film market over the forecast period. Rapid industrialization and favorable government policies are expected to be other trends influencing high-performance film market growth over the forecast period.
Recent Developments
- In January 2020 – Coveris a leading name in the packaging solutions industry landscape announced the launch of a new high-performance film named Coveris Print Layer which will be used for food and beverage packaging.
Competitive Landscape
Some of the main competitors dominating 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)
- Honeywell International Inc. (U.S.)
The global high-performance film market is segmented as follows:
By Material Segment Analysis
- Polyester
- EVA
- Polyolefin
- Polyamide
- Fluoropolymers
- Polycarbonate
- Others
By Type Segment Analysis
- Barrier Films
- Safety & Security Films
- Decorative Films
- Microporous Films
- Others
By Application Segment Analysis
- Automotive & Transport
- Aircraft/Aerospace
- Electrical & Electronics
- Packaging
- Construction
- Others
By Regional Segment Analysis
- 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
Table of Content
Industry Major 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)
- Honeywell International Inc. (U.S.)
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