Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Specialty and High Performance Films Market (By Product Type: Polyester, Nylon, Fluoropolymer, Polycarbonate, Others (PI, PP, COC, PEN); By Application: Barrier, Safety and security, Decorative, Microporous, Others; By End Use Industry: Packaging, Personal care products, Electrical & electronics, Automobiles, Construction, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, March 26, 2019 (GLOBE NEWSWIRE) -- According to Acumen Research and Consulting the global specialty and high performance films market is forecasted to grow at a stable CAGR around 6% during the forecast period 2018 to 2026.
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According to the report named “Specialty and High Performance Films Market” - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”, rising demand for packaging industry, increasing technological advancements, ever-increasing hygiene consciousness among consumers, development of retail, electronics and pharmaceutical industries, escalating demand for food and beverage and shifting consumer preference to high tensile and long lasting packaging materials are some of the fundamental factors propelling the specialty and high performance films market growth across the globe. Specialty and high performance films are thin films prepared from a variety of polymers, such as fluoropolymer polyester and polycarbonate. Specialty and high performance films are different from conservative films as they have exceptional barrier properties, chemical stability, high tensile strength and resistance to heat and impact. Asia Pacific is anticipated to witness the highest growth rate over the forecast period owing to the growing automotive-aftermarket and automotive industries and growing technological innovations.
Growing Demand for Specialty and High Performance Films in Electrical and Electronics Industry and Presence of Large Number of Manufacturers to Drive the Global Specialty and High Performance Films Market Growth
Growing demand for specialty and high performance films in electrical and electronics industry as an insulator is driving the overall market growth and also expected to create immense opportunities for the market in the forecast period. Growing consumer demand along with favourable investment and increasing government expenditure in the emerging economies are some of the fundamental factors positively influencing the electrical & electronics sector growth and this will further boost the global specialty and high performance films market over the forecast time frame. The specialty and high performance films market across the globe is anticipated to witness high industry competition due to the presence of several manufacturers with tough grip in the industry. Multiple manufacturers are focusing on integration across the value chain in order to meet rising consumer demand, decrease manufacturing cost and increase the profit margins. Furthermore, various initiatives taken by manufacturers in order to enhance the films durability, quality, strength and overall performance which will cater the ever increasing consumer demand as well as stringent specifications are some of the factors anticipated to fuel the global specialty and high performance films market throughout the forecast period. Moreover, ongoing research on the development of specialty and high performance films that are soluble in water as well as bio-degradable due to increasing demand for eco friendly products is also expected to create large number of opportunities in coming years.
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Asia Pacific to Grow at Highest Rate in Specialty and high performance films Market
Geographically, the global specialty and high performance films market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is expected to dominate the overall market and grow at highest CAGR during the forecast period owing to the growing automotive-aftermarket and automotive industries and growing technological innovations. Moreover, the presence of large number of raw material suppliers in the region is also boosting the regional growth. Rapid growth in the flexible packaging sector in this region is anticipated to boost the growth of the regional specialty and high performance films market. Growing production as well as consumption of the bakery products, soft drinks and other food products is also propelling the growth of the regional market. North America is also expected to show significant growth during the forecast period due to expansion of food and beverage amenities and continuous technological innovations. Growth in the semiconductor and solar cell manufacturing industries and increasing government spending are some of the key factors fueling the regional market growth.
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Market Players
The specialty and high performance films market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Bayer AG, The Dow Chemical Company, Sealed Air Corporation, E. I. du Pont de Nemours and Company, Bemis Company Inc., Honeywell International, Inc., Evonik Industries, Eastman Chemical Company and The 3M Company.
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