Specialty and High Performance Film Market Insights, and Industry Forecast till 2025
Polymer films with transparent or opaque are known as specialty and high performance film. The basic raw materials for production of these films include polyesters, fluoropolymers and polycarbonates. Packaging, automotive, electrical & electronics, and construction are the major end-use industries of specialty and high performance films. These films are gaining major traction across industries, mainly due to their high resistance to chemicals, high tensile strength and high impact resistance. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/354 Growing demand for packaged and frozen food in developed countries, owing rampant growth of end-use industries is expected to provide growth impetus for the specialty and high performance film market during the forecasted period. Moreover, rising demand for disposable food and beverage packaging such as tetra pack products is projected to provide further traction for market growth. The primary focus of packaged food industry is to improve hygiene to protect the food from UV, sunlight, dust, temperature and air. Barrier films and UV control films are few products used in food and beverages industry. Moreover, it increases the life span of the food and helps to maintain the quality of food for a longer duration of time. Increasing population and growing urbanization in emerging economies such as China, India, Brazil, and Middle East is fueling leading to surge in construction activities in these regions. Increasing demand for improved and modern commercial complex and residential buildings with glass exterior is growing. Moreover, reconstruction and renovation activities in North America and Europe is expected to boost the specialty and high performance film market. For instance, due to global warming, UV rays protection is one the major challenges for modern glass buildings and complexes. Increasing use of UV rays and sunlight control film is forecasted to drive the film market as per study conducted by Coherent Market Insights. The global Specialty and High Performance Film market size is estimated at US$ 34.92 billion (revenue) and 10,999.25 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 6.5% in terms of revenue and 5.8% in terms of volume during the period 2017 – 2025.