Global Specialty Films Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Specialty films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global specialty films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 refer to thin, flexible materials with tailored properties that make them suitable for specific applications. They comprise barrier films, adhesive films, and optical films, which include anti-reflective polarizing and light diffusing films, that are used in displays, lenses, and optical components. They also consist of conductive films and specialty laminates, which combine different materials to create multifunctional features, such as barrier and antimicrobial properties. They are engineered to meet precise requirements, allowing manufacturers to tailor properties like thickness, color, opacity, and flexibility to their specific needs. They offer superior barrier properties against moisture, gases, and ultraviolet (UV) radiation, making them ideal for protective packaging and preservation. They are designed to have exceptional optical clarity, ensuring that the products they protect or enhance remain visually appealing. They are also available in eco-friendly variants made from biodegradable materials or those with recyclable properties.
Global Specialty Films Market Trends and Drivers:
At present, the increasing utilization of specialty films in the food packaging industry to provide barrier properties against moisture, oxygen, and UV light represents one of the crucial factors impelling the market growth. Besides this, the rising employment of UV-stabilized specialty films in the agriculture sector as greenhouse covers, promoting optimal plant growth by controlling light transmission and temperature, is positively influencing the market. In addition, the growing need for specialized films for applications like medical packaging, wound care, and drug delivery systems is offering a favorable market outlook. Apart from this, the increasing adoption of specialty films in the automotive sector, for cladding automotive interiors, exterior films for protection and aesthetics, and window films for heat and UV protection, is supporting the growth of the market. In addition, the rising proliferation of e-commerce and the consequent increment in online shopping activities are catalyzing the demand for specialty films used in protective packaging.
Global Specialty Films Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 3M Company, Avery Dennison Corporation, Covestro AG, DuPont de Nemours Inc., Evonik Industries AG, Honeywell International Inc., Inteplast Group Corporation, Kaneka Corporation, Mondi plc, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Toray Industries Inc. and Ube Industries Ltd.
The report segmented the market on the basis of region, resin, function and end use industry.
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
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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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