U.S. High Performance Films Market is projected to cross $3.1 billion by 2024
Date: 2019-06-14   Author: Rahul Varpe  Category: #news

U.S. High Performance Films Market is projected to cross $3.1 billion by 2024

The High Performance Films Market 2019 Research Report investigates a thorough and complete study on Asphalt Mixing Plants market volume, market Share, market Trends, applications, Utilization ratio, Supply and demand analysis, manufacturing capacity and  growth forecast  from 2019 to 2024.

APAC, led by China and India high performance films market share, dominated the regional industry. It was evaluated at more than $ 9.1 billion for 2015. Rising automotive production in countries like China and India owing to key producers setting up their manufacturing centers in these regions due to low production costs and inexpensive labor is predicted to promote specialty & high performance films industry growth in the APAC.

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European industry is predicted to register CAGR of more than 4.6% during forecast timeline. Industry growth in countries like France, Germany and UK are predicted to contribute towards regional industry growth.

U.S. high performance films market share is projected to cross $3.1 billion mark by end of forecast timeframe. Rise in construction activities in U.S. is one of the key factors contributing to the regional industry growth. Other key factors contributing to the regional industry growth being rapid CAGR contribution by packaging and electrical applications owing to use of packaging in food & beverage segment along with expansion of consumer electronics sector in U.S.

Global High Performance Films Market size contributed higher than $30.1 billion for 2015 and is predicted to record CAGR of more than 6.1% during forecast timeline. Increased choice for robust and high tensile packaging substances due to its heavy chemical resistant features is predicted to propel industry expansion.New inventions in packaging in terms of barrier properties coupled with best aesthetic worth are few of the aspects predicted to propel demand for high performance films. In addition to this, development in electronics sector, pharmaceuticals and other non-food retail items sector is predicted to boost industry growth.

Rising demand for readymade diets, on-the-go foods and frozen foods is predicted to promote high performance industry expansion. Global food packaging expenditure was more than $252 billion for 2014 and projected to exceed $301 billion by end of forecast timeframe.

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Key industry participants profiled in the high performance films market include:

  • Bemis Company Incorporation
  • Sealed Air Corporation
  • The Dow Chemical Company
  • American Durafilm Company Incorporation
  • Eastman
  • Clopay Plastic Products
  • DuPont
  • Bayer MaterialScience
  • Eastman Chemical Company
  • Evonik Industries
  • Honeywell International Incorporation
  • 3M

Microporous segment is predicted to record greater than 4.1% of CAGR in future. Increasing demand for waterproofing materials in local construction activities can propel the demand for these films. Further, they have capacity to repel water penetration and permit air penetration as well as moisture to the substances that are utilized for laminating and coating purpose. All these factors are predicted to boost segment growth.

Safety & security segment is predicted to produce revenue of greater than $5.1 billion by end of forecast timeline. Rising expenditure on construction in BRICS countries and Middle East nations due to favorable government policies on local infrastructure growth can drive the demand for the segment and propel high performance films industry growth.

Global high performance films market is segmented into various products like fluoropolymer, nylon, polycarbonate and polyester. Polyester films produced revenue of about $20 billion for 2015. Strong pointers from packaging applications, construction & housing expenditure, fast modernization and retail chain growth in BRICS (Brazil, Russia, India, China and South Africa) countries can propel segment growth. Nylon films segment are predicted to experience growth of about 4.6%. Their applications in construction sector, food & beverage sector and automotive sector in Asia Pacific can promote product demand.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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