Specialty And High Performance Films Market - Forecast(2023 - 2028)
Specialty And High Performance Films Market Overview
The specialty and high performance films market size is estimated to reach US$58.2 billion
by 2027, growing at a CAGR of around 6.5%
from 2022 to 2027. Specialty and high
performance films are transparent or opaque. These films show
excellent properties like high tensile strength, resistance to chemicals, high
impact resistance and high tear strength. Therefore, speciality and high
performance films are often used in industries such as packaging, cosmetics and
personal care, electrical & electronics and others. For instance, high
performance films like fluoropolymers film and barrier films are used in photovoltaic
systems to improve
weather resistance and durability. The increasing demand for demand for packaged food is a driving factor
of the speciality and high performance market. Owing to its high tensile and
durability, speciality and high performance films are used as a packaging
material in food packaging. The decrease in industrial production of plastic
materials and resins acts as a restraint in the speciality and high performance
films industry.
COVID-19 Impact
The COVID-19
impact increased the growth of speciality and high performance filmsmarket. This
is due to the impact on the packaging
industry due to the significant change in consumer
habits during the pandemic. There was an increase in the demand for packaged
food items because of the worldwide lockdown conditions. According to Flexible
Packaging Association, in mid-April of 2020, the packaging industry continued
to operate at between 83-95% capacity. The main drivers for speciality and high
performance films market include the rising demand for pharmaceutical packaging
during the pandemic, owing to the use of speciality and high performance films
in labeling, face shield and others. Thus, there was a positive growth of speciality and high performance films industry in the Covid pandemic period.
Report Coverage
The report: “Specialty and
high performance films Market– Forecast (2022-2027)” by IndustryARC covers
an in-depth analysis of the following segments of the Specialty and high
performance films industry.
By Product Type: Polyester,Polyethylene,
Nylon, Fluoropolymer, Polycarbonate, Others
By Application: Barrier films,
Decorative film, Microporous film, Others
By End-User: Packaging,
Cosmetics And Personal Care (Haircare, Skincare and Others), Electrical and
electronics (Displays, Flexible circuits, Capacitors and Others) ,Automotive
(Passenger cars, Commercial vehicles), Infrastructure (Residential, Commercial,
Industrial), Healthcare (Face shield, Medical test strip, Labels), Others
By Geography: North America
(USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands,
Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India,
South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest
of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South
America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and
Africa (South Africa, Nigeria, Rest of Africa)
Key Takeaways
- The rise in demand of barrier films has increased the use of specialty and high performance films in various flexible packaging for food items like dairy products, pet food and others due to its high moisture absorption property.
- The growth
of packaging industry will drive the market due to the demand of food packaging
to protect food items for safety purposes. Specialty and high performance films
are in high demand in food packaging to protect items from germs from manufacturing stage till the food items are put to display.
- Asia-Pacific will witness a significant growth in Specialty and high performance films market due to the rise in demand for high barrier films in food packaging and also new installations of photovoltaic systems.
Figure: Asia-Pacific Specialty and High Performance Films Market Revenue, 2021-2027 (US$ Billion)
For More Details on This Report - Request for Sample
Specialty And High Performance Films Market Segment Analysis – By Application
Barrier films
held the largest share in 2021 and is expected to grow at a CAGR of over 6.1% in
the forecast period. The superior gas
and water vapor barrier quality of these films, the products are protected from
moisture absorption, drying, and oxidation. Therefore, they are widely used in
the packaging industry like in food packaging. Barrier films are also used in photovoltaic
systems. For instance, 3M ultra barrier solar film is designed specifically to
replace glass films, enabling high efficiency in photovoltaic (PV) modules.
However, barrier films is majorly used in flexible packaging applications of
bakery items, pet food, snack items and others. This is because they act act as
a lamination and thereby providing protection from oil, oxygen, carbon dioxide,
aroma and others. According to Flexible packaging Europe, flexible packaging
accounts for around 10% of all packaging materials used for food items in
Europe. Thus, the demand of flexible packaging will in turn increase the use of
barrier films which will drive the speciality and high performance films market.
Specialty And High Performance Films Market Segment Analysis – By Product Type
Polyethylene films dominated the speciality and high
performance films market in 2021 and is expected to grow at a CAGR of around 6%.
Polyethylene films due to its low melting point are widely used in packaging
applications of food & beverage items, like packaging of eatables like
fruits and vegetables, tray covers of baked food products. Polyethylene films
are used as barrier protection in food packaging industry because these films
help in ensuring that the food on display is appealing, fresh, safe. According
to a study by Plastic Recyclers Europe (PRE), around 15 mega metric tons (Mt)
of flexible films are produced in Europe, out of which 9 metric tons (Mt) are
polyethylene (PE) films. Thus, the increased production of polyethylene films
will drive the market for speciality and high performance market.
Specialty And High Performance Films Market Segment Analysis – By End-User
Specialty and high performance films are widely used
in packaging industry, and is expected to grow at a CAGR of over 6.5%.
Speciality and high performance films are mostly used in food packaging because
they protect against contamination of food items, like snack items, poultery,
dairy items and others, by germs from different phases all along manufacture,
distribution, storage till display. According to an article by Novachem, a
major player of the market, around one-third of all food produced globally is
wasted every year. According to the United States Department of Agriculture (USDA),
American consumers waste about one pound of food per day per person. Therefore,
high performance film packaging keeps the food fresh for a longer period of
time and thus prevents wasting. They produce SCLAIR FP120 series of lamination film which show excellent balance
of toughness, sealability and processability. Thus, the increased use of speciality
and high performance films will drive the market growth in the forecast period.
Specialty And High Performance Films Market Segment Analysis – By Geography
Asia Pacific will be the largest and the fastest-growing region in the Specialty
and high performance films market in the forecast period with a share of around
40%.
This is because countries of Asia
Pacific region like China, India, South Korea and others witness a
signifificant growth in packaging industry, including food & beverage
packaging. Additionally, photovoltaic
systems also
witnessed a huge growth in this region. According to a report by International
Energy Agency, China remains the leader in terms of
cumulative capacity with 253,4 GW installed, almost one third of the global photovoltaic
systems installed capacity. However,
packaging industry witnessed a much higher growth in Asia-Pacific region. Specialty
and high performance films are the building blocks that give flexible packaging
the performance properties it needs for maximum shelf life. According to a report by
Indian Institute Of Packaging, Indian packaging industry is considered as a
preferred hub for global packaging industry with flexible materials share with
22% of the total packaging market. Due to the growth of packaging in the
region, there will be an increased use of speciality and high performance films
in Asia-Pacific region.
Specialty And High Performance Films Market Drivers
Increasing Awareness towards Recycling Plastics
there has been an increase in awareness of plastic pollution and
therefore, around 45% of plastic waste is found to be recycled annually in the UK
due to the growing awareness of plastic pollution. This growing awareness among
people for recycling plastics, will raise the demand for recyclable speciality
and high performance films. According to a news article by PET container
recycling Europe trade Association, DuPont Teijin Films uses LuxCR
depolymerisation process which upcycles post consumer waste into a variety of
technically advanced BOPET films serving a wide range of applications and
markets. Thus, the increased awareness of recycling methods of plastic films,
there will an increased growth of speciality and high performance films market.
Increase in new installation
of photovoltaic
systems.
There has been an increase in photovoltaic electricity generation, which will drive the demand for speciality and high performance films. According to a report by International Energy Agency, the global photovoltaic market grew from 79,2 GW in 2019, to at least 90 GW in 2020, a 14% increase year on year. Speciality films are suitable for both rigid and flexible thin film photovoltaic modules, either as deposition substrates for the active layer or as the basis for high performance barrier layers. These films provide excellent dielectric strength and excellent mechanical properties, and also provide environmental resistance. The new installations of photovoltaic systems will drive the growth of speciality and high performance films market.
Specialty And High Performance Films Market Challenges
Decline in Production of Industrial Plastic Materials and Resins
The
biggest challenge to speciality and high performance films is the decrease in the
production of plastic resins due to environmental effects of plastics. According
to Plastics Industry Association, In February 2021, the industrial production
of plastic materials and resins fell down by 28.1%. This will create a shortage
in supply of plastics for Specialty and high performance films which will challenge
the Specialty and high performance films market.
Specialty And High Performance Films Industry Outlook
Technology
launches, acquisitions, and R&D activities are key strategies that are
adopted by the dominant players in this market. Specialty and high performance films top 10 companies include:
- 3M
- Saint-Gobain Group.
- Dupont Teijin Films
- SOLVAY
- Covestro AG
- Sealed Air
- Eastman
- Honeywell
- Uflex
- Nova Chemicals
Acquisitions/Technology Launches
- On May 2021, DuPont Teijin Films, announce the re-introduction of Kaladex polyethylene naphthalate (PEN) high performance polyester films. Kaladex PEN films are suitable for a wide range of applications including electrical applications, and a range of speciality packaging. Kaladex polyethylene naphthalate films offer excellent glass transition temperature than PET and demonstrate superior long term ageing performance at elevated temperatures.
- On September 2021, Flex Films, the global film manufacturing arm of UFlex, a major player of the market, is set to launch its new BOPET high barrier film F-UHB-M. This film is specifically designed to replace aluminium foil in flexible packaging applications. F-UHB-M films addresses the challenges faced by aluminium foil for packaging such as limitations caused due to material availability, high material cost and others.
Relevant Reports
High-Performance Films Market – Forecast (2021 - 2026)
Report Code: CMR 46533
Plastic Films & Sheets Market – Forecast (2021 - 2026)
Report Code: CMR 61011
For more Chemicals and Materials related reports, please click here
LIST OF TABLES
1.Global Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)1.1 Polyester Market 2019-2024 ($M) - Global Industry Research
1.2 Nylon Market 2019-2024 ($M) - Global Industry Research
1.3 Fluoropolymer Market 2019-2024 ($M) - Global Industry Research
1.4 Polycarbonate Market 2019-2024 ($M) - Global Industry Research
2.Global Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
2.1 Barrier Market 2019-2024 ($M) - Global Industry Research
2.2 Safety And Security Market 2019-2024 ($M) - Global Industry Research
2.3 Decorative Market 2019-2024 ($M) - Global Industry Research
2.4 Microporous Market 2019-2024 ($M) - Global Industry Research
3.Global Competitive Landscape Market 2019-2024 ($M)
3.1 American Durafilms Market 2019-2024 ($M) - Global Industry Research
3.2 Bayer Material Science Market 2019-2024 ($M) - Global Industry Research
3.3 Bemis Company Inc Market 2019-2024 ($M) - Global Industry Research
3.4 Clopay Plastic Product Market 2019-2024 ($M) - Global Industry Research
3.5 The Dow Chemical Company Market 2019-2024 ($M) - Global Industry Research
3.6 Eastman Chemical Company Market 2019-2024 ($M) - Global Industry Research
3.7 Evonik Industry Market 2019-2024 ($M) - Global Industry Research
3.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Global Industry Research
3.9 Honeywell International Inc Market 2019-2024 ($M) - Global Industry Research
3.10 Sealed Air Corporation Market 2019-2024 ($M) - Global Industry Research
3.11 3M Market 2019-2024 ($M) - Global Industry Research
4.Global Specialty And High Performance Film Product Outlook Market 2019-2024 (Volume/Units)
4.1 Polyester Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Nylon Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Fluoropolymer Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Polycarbonate Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Specialty And High Performance Film Application Outlook Market 2019-2024 (Volume/Units)
5.1 Barrier Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Safety And Security Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Decorative Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 Microporous Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Competitive Landscape Market 2019-2024 (Volume/Units)
6.1 American Durafilms Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Bayer Material Science Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Bemis Company Inc Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Clopay Plastic Product Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 The Dow Chemical Company Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Eastman Chemical Company Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 Evonik Industry Market 2019-2024 (Volume/Units) - Global Industry Research
6.8 E.I. Dupont De Nemours Company Market 2019-2024 (Volume/Units) - Global Industry Research
6.9 Honeywell International Inc Market 2019-2024 (Volume/Units) - Global Industry Research
6.10 Sealed Air Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
6.11 3M Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)
7.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
7.2 Nylon Market 2019-2024 ($M) - Regional Industry Research
7.3 Fluoropolymer Market 2019-2024 ($M) - Regional Industry Research
7.4 Polycarbonate Market 2019-2024 ($M) - Regional Industry Research
8.North America Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
8.1 Barrier Market 2019-2024 ($M) - Regional Industry Research
8.2 Safety And Security Market 2019-2024 ($M) - Regional Industry Research
8.3 Decorative Market 2019-2024 ($M) - Regional Industry Research
8.4 Microporous Market 2019-2024 ($M) - Regional Industry Research
9.North America Competitive Landscape Market 2019-2024 ($M)
9.1 American Durafilms Market 2019-2024 ($M) - Regional Industry Research
9.2 Bayer Material Science Market 2019-2024 ($M) - Regional Industry Research
9.3 Bemis Company Inc Market 2019-2024 ($M) - Regional Industry Research
9.4 Clopay Plastic Product Market 2019-2024 ($M) - Regional Industry Research
9.5 The Dow Chemical Company Market 2019-2024 ($M) - Regional Industry Research
9.6 Eastman Chemical Company Market 2019-2024 ($M) - Regional Industry Research
9.7 Evonik Industry Market 2019-2024 ($M) - Regional Industry Research
9.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Regional Industry Research
9.9 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
9.10 Sealed Air Corporation Market 2019-2024 ($M) - Regional Industry Research
9.11 3M Market 2019-2024 ($M) - Regional Industry Research
10.South America Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)
10.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
10.2 Nylon Market 2019-2024 ($M) - Regional Industry Research
10.3 Fluoropolymer Market 2019-2024 ($M) - Regional Industry Research
10.4 Polycarbonate Market 2019-2024 ($M) - Regional Industry Research
11.South America Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
11.1 Barrier Market 2019-2024 ($M) - Regional Industry Research
11.2 Safety And Security Market 2019-2024 ($M) - Regional Industry Research
11.3 Decorative Market 2019-2024 ($M) - Regional Industry Research
11.4 Microporous Market 2019-2024 ($M) - Regional Industry Research
12.South America Competitive Landscape Market 2019-2024 ($M)
12.1 American Durafilms Market 2019-2024 ($M) - Regional Industry Research
12.2 Bayer Material Science Market 2019-2024 ($M) - Regional Industry Research
12.3 Bemis Company Inc Market 2019-2024 ($M) - Regional Industry Research
12.4 Clopay Plastic Product Market 2019-2024 ($M) - Regional Industry Research
12.5 The Dow Chemical Company Market 2019-2024 ($M) - Regional Industry Research
12.6 Eastman Chemical Company Market 2019-2024 ($M) - Regional Industry Research
12.7 Evonik Industry Market 2019-2024 ($M) - Regional Industry Research
12.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Regional Industry Research
12.9 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
12.10 Sealed Air Corporation Market 2019-2024 ($M) - Regional Industry Research
12.11 3M Market 2019-2024 ($M) - Regional Industry Research
13.Europe Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)
13.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
13.2 Nylon Market 2019-2024 ($M) - Regional Industry Research
13.3 Fluoropolymer Market 2019-2024 ($M) - Regional Industry Research
13.4 Polycarbonate Market 2019-2024 ($M) - Regional Industry Research
14.Europe Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
14.1 Barrier Market 2019-2024 ($M) - Regional Industry Research
14.2 Safety And Security Market 2019-2024 ($M) - Regional Industry Research
14.3 Decorative Market 2019-2024 ($M) - Regional Industry Research
14.4 Microporous Market 2019-2024 ($M) - Regional Industry Research
15.Europe Competitive Landscape Market 2019-2024 ($M)
15.1 American Durafilms Market 2019-2024 ($M) - Regional Industry Research
15.2 Bayer Material Science Market 2019-2024 ($M) - Regional Industry Research
15.3 Bemis Company Inc Market 2019-2024 ($M) - Regional Industry Research
15.4 Clopay Plastic Product Market 2019-2024 ($M) - Regional Industry Research
15.5 The Dow Chemical Company Market 2019-2024 ($M) - Regional Industry Research
15.6 Eastman Chemical Company Market 2019-2024 ($M) - Regional Industry Research
15.7 Evonik Industry Market 2019-2024 ($M) - Regional Industry Research
15.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Regional Industry Research
15.9 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
15.10 Sealed Air Corporation Market 2019-2024 ($M) - Regional Industry Research
15.11 3M Market 2019-2024 ($M) - Regional Industry Research
16.APAC Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)
16.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
16.2 Nylon Market 2019-2024 ($M) - Regional Industry Research
16.3 Fluoropolymer Market 2019-2024 ($M) - Regional Industry Research
16.4 Polycarbonate Market 2019-2024 ($M) - Regional Industry Research
17.APAC Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
17.1 Barrier Market 2019-2024 ($M) - Regional Industry Research
17.2 Safety And Security Market 2019-2024 ($M) - Regional Industry Research
17.3 Decorative Market 2019-2024 ($M) - Regional Industry Research
17.4 Microporous Market 2019-2024 ($M) - Regional Industry Research
18.APAC Competitive Landscape Market 2019-2024 ($M)
18.1 American Durafilms Market 2019-2024 ($M) - Regional Industry Research
18.2 Bayer Material Science Market 2019-2024 ($M) - Regional Industry Research
18.3 Bemis Company Inc Market 2019-2024 ($M) - Regional Industry Research
18.4 Clopay Plastic Product Market 2019-2024 ($M) - Regional Industry Research
18.5 The Dow Chemical Company Market 2019-2024 ($M) - Regional Industry Research
18.6 Eastman Chemical Company Market 2019-2024 ($M) - Regional Industry Research
18.7 Evonik Industry Market 2019-2024 ($M) - Regional Industry Research
18.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Regional Industry Research
18.9 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
18.10 Sealed Air Corporation Market 2019-2024 ($M) - Regional Industry Research
18.11 3M Market 2019-2024 ($M) - Regional Industry Research
19.MENA Specialty And High Performance Film Product Outlook Market 2019-2024 ($M)
19.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
19.2 Nylon Market 2019-2024 ($M) - Regional Industry Research
19.3 Fluoropolymer Market 2019-2024 ($M) - Regional Industry Research
19.4 Polycarbonate Market 2019-2024 ($M) - Regional Industry Research
20.MENA Specialty And High Performance Film Application Outlook Market 2019-2024 ($M)
20.1 Barrier Market 2019-2024 ($M) - Regional Industry Research
20.2 Safety And Security Market 2019-2024 ($M) - Regional Industry Research
20.3 Decorative Market 2019-2024 ($M) - Regional Industry Research
20.4 Microporous Market 2019-2024 ($M) - Regional Industry Research
21.MENA Competitive Landscape Market 2019-2024 ($M)
21.1 American Durafilms Market 2019-2024 ($M) - Regional Industry Research
21.2 Bayer Material Science Market 2019-2024 ($M) - Regional Industry Research
21.3 Bemis Company Inc Market 2019-2024 ($M) - Regional Industry Research
21.4 Clopay Plastic Product Market 2019-2024 ($M) - Regional Industry Research
21.5 The Dow Chemical Company Market 2019-2024 ($M) - Regional Industry Research
21.6 Eastman Chemical Company Market 2019-2024 ($M) - Regional Industry Research
21.7 Evonik Industry Market 2019-2024 ($M) - Regional Industry Research
21.8 E.I. Dupont De Nemours Company Market 2019-2024 ($M) - Regional Industry Research
21.9 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
21.10 Sealed Air Corporation Market 2019-2024 ($M) - Regional Industry Research
21.11 3M Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Specialty And High Performance Films Market Revenue, 2019-2024 ($M)2.Canada Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
3.Mexico Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
4.Brazil Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
5.Argentina Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
6.Peru Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
7.Colombia Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
8.Chile Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
9.Rest of South America Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
10.UK Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
11.Germany Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
12.France Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
13.Italy Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
14.Spain Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
15.Rest of Europe Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
16.China Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
17.India Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
18.Japan Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
19.South Korea Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
20.South Africa Specialty And High Performance Films Market Revenue, 2019-2024 ($M)
21.North America Specialty And High Performance Films By Application
22.South America Specialty And High Performance Films By Application
23.Europe Specialty And High Performance Films By Application
24.APAC Specialty And High Performance Films By Application
25.MENA Specialty And High Performance Films By Application