According to
a new market report published by Lucintel, the future of the specialty film
market looks promising with opportunities in the packaging, automotive, construction,
and electrical & electronic industries. The global specialty film market is
expected to reach an estimated $41.3 billion by 2022 and is forecast to grow at
a CAGR of 7.1% from 2017 to 2022. The major growth drivers for this market are
increasing demand in packaging industry due to the growth in pharma & food
packaging, and
growth in the automotive and electrical & electronic industries.
In this
market, polyester, fluoropolymer, nylon, polyimide, and polycarbonate are the
major resin used to manufacture specialty film. Lucintel forecasts that
polyester film is expected to remain the largest segment; it is also expected
to witness the highest growth in the forecast period supported by its low cost,
ease of availability, excellent dimensional stability, high tensile strength,
and low moisture absorption properties.
Within the
specialty film market, barrier film is expected to remain the largest
functional segment due to the increasing demand in flexible packaging
applications and its better protection properties: specialty
film can protect from permeation of water and
loss of aroma while also increasing self-life and maintaining taste. Lucintel predicts that the demand for
specialty film in safety functions is likely to experience the highest growth
in the forecast period supported by the growing demand for laminated glass
interlayers.
Asia Pacific
is expected to remain the largest market by value and volume and is also
expected to witness the highest growth over the forecast period because of growth
in packaging, automobile, and construction sectors due to economic expansion in
India and China.
For business
expansion, the report suggests innovation and new product development to high
optical quality, excellent chemical and ultraviolet (UV) resistance.
Emerging trends, which have a direct impact
on the dynamics of the industry, include emergence of bio-degradable and water
soluble film and increasing use in photovoltaic market. DuPont Teijin, Toray,
Mitsubishi, Uflex, and Jindal Poly are among the major suppliers of specialty
film.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global specialty film market by product, function, end use industry, and
region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Specialty Film Market 2017-2022: Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a springboard for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global specialty film market by product,
function, end use industry, and region as follows:
By product [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- Polyester
- Fluoropolymer
- Nylon
- Polyimide
- Polycarbonate
- Others
By function [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- Barrier
- Safety
- Decorative
- Microporous
- Others
By end use
industry [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Packaging
- Electrical and Electronics
- Construction
- Automobiles
- Aerospace
- Others
By region [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This
238-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global specialty film market by product
type (polyester, fluoropolymer, nylon, polyimide, polycarbonate, and others),
function type (barrier, safety, decorative, microporous, and others), end use
industry (packaging, electrical and electronics, construction, automobiles,
aerospace and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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