According to the latest report by IMARC Group, “Global Specialty Films Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, the global specialty films market size reached US$ 39.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Specialty films are high-performance polymers (HPP) that are flexible, extensible, and made of various resins, including polyesters, ethylene vinyl alcohol (EVOH), polyvinylidene chloride, nylons, and fluoropolymers. They offer superior characteristics, such as better flex crack resistance, heat-sealing, high tensile strength, superior adhesion, and cost-effectiveness. They are used for conduction and insulation purposes and effectively protect products against external contamination. Currently, specialty films are available in varying types, including stretch, shrink, conductive, and barrier films across the globe.
Specialty Films Market Trends and Drivers:
The global specialty films market is primarily driven by the increasing demand for high-quality food and beverage packaging that offers excellent barrier properties to protect products from environmental factors, such as moisture and oxygen. Moreover, the rising use of specialty films in cosmetics and personal care applications due to their unique properties is positively influencing the market growth.
Additionally, the increasing usage of barrier films in food and pharmaceutical packaging and the rising demand for conduction and insulation films have catalyzed market growth. Furthermore, the escalating demand for specialty films that offer exceptional chemical resistance and mechanical strength in packaging applications is contributing to the market growth.
Other factors, including the rising need for customized and high-performance films in the electrical and electronics industry, escalating demand for packaged food products, and rapid expansion in the construction industry, are also anticipated to drive the market further.
Global Specialty Films Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Specialty Films Companies:
DuPont de Nemours Inc., Evonik Industries AG, Honeywell International Inc., Inteplast Group Corporation, 3M Company, Avery Dennison Corporation, Covestro AG, Kaneka Corporation, Mondi plc, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Toray Industries Inc. and Ube Industries Ltd.
The report has segmented the market on the basis of resin, function, end use industry and region.
Breakup by Resin:
- Polyester
- Nylon
- Polyacrylamide
- Fluoropolymer
- Polyimide
- Polyolefin
- Others
Breakup by Function:
- Barrier
- Conduction and Insulation
- Microporous
- Safety and Security
- Others
Breakup by End Use Industry:
- Packaging
- Personal Care
- Electrical and Electronics
- Transportation
- Construction
- Medical
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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