The global high performance films market is set to witness a robust CAGR during the forecast period. High performance films are widely used across packaging verticals in different forms. PEEK, PI/PEI, POM, PTFE, PSF are some forms of high performance films used commercially. Industrial specifications for high performance films may differ in terms of application and usability.
Rise in developments for film technology, coupled with rise in application areas and surge in number of merger & acquisitions drive high performance films market. Product launches and efficient transportation are factors driving the market growth during the forecast period. Demand for printed circuit boards are most likely to boost the market growth. Rise in consumer gadgets and medical electronics is increasing all across the world. However, installation costs and compatibility issues are most likely to hinder the market growth during the forecast period.
By material, market is segmented as EVA, Polyolefin and Polyester. By type, market is segmented as safety & security and barrier. Application segment comprises packaging, automotive, construction, electrical & electronics.
High performance film market is segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions account for a significant market share in the forecast period due to significant developments and rise in disposable incomes. Increasing demand for processed food are the major key drivers for substantial market growth. Rise in investment for infrastructure and construction projects are likely to develop the APAC market.
North America accounts for a significant market share due to rising technological developments in the packaging industry. Europe market is anticipated to follow the trend. The key players in the high performance films market report are The 3M Company, Solvay S.A., E.I. DuPont de Nemours and Company, Covestro, Dow Chemical Company, Honeywell International Inc and Evonik.
Research Support Specialist, USA