High Performance Films Market Analysis

High Performance Films Market Analysis

Polyester high performance films market size for 2015 was over USD 20 billion. Rapid urbanization coupled with increasing investment in construction and housing sector will augment industry landscape. In addition, retail chain development in BRIC may positively impact the business. Nylon is predicted to witness growth over 4% by 2024 owing to its increasing demand from automotive, construction and food processing industries.

Polycarbonate high performance films market share is set to cross 500 kilo tons by 2024 owing to its good impact resistance, high glass transition temperature and durability features. It is used in production of construction materials, automotive, aircraft, electronics component and data storage discs such as Blue ray disc, DVD, CDs.

Barrier high performance films market is predicted to witness a considerable growth owing to its oxidation resistance and moisture properties. It finds application in semiconductors and solar cells. Microporous application segment is set to cross 4% by 2024 on account of its water repel, air penetration and moisture properties. Increasing demand for waterproofing materials from domestic construction may propel the business growth in future.

Safety and security applications is anticipated to exceed USD 5 billion by 2024. Increasing spending in construction sector coupled with stringent regulatory standards towards domestic infrastructure development in Middle East and BRICS is expected to positively encourage the business outlook.

Packaging applications were valued at over USD 20 billion in 2015. It finds applications in oxygen scavenging, vacuum packaging, and low oxygen technologies in meat processing industries. High performance films market share demand from electrical and electronics will witness strong growth on account of its low friction coefficient, chemical inertness, dielectric and low moisture absorption properties. It finds applications in cable insulation, microphone and photovoltaic. The global revenue generated from construction is predicted to reach over USD 3 billion by 2024.

North America is expected to exceed USD 16 billion by 2024 owing to expansion of food and beverage facilities. Increasing demand for barrier films from semiconductor and solar cell manufacturing industries subject to its moisture resistant property may propel the growth of high-performance films market.

Asia Pacific high performance films market size for 2015 was valued above USD 9 billion. Rising automobile production primarily in China and India coupled with availability of cheap skilled labour and low manufacturing cost is expected to augment the industry landscape.