The global high performance film market is expected to grow and reach $42.25 growing at a CAGR of 8% in the forecast period. The growth is projected due to the advancements in the technology, growing demand across various verticals like automotive & transport, electrical & electronics, construction, packaging, and aircraft/aerospace and more. Also, there has been increase in the number of collaborations & agreements and launch of new products in the market. There has been a growing demand for high tensile & durable packaging materials that are chemical résistance which fuel the market growth. In the recent years there has been development in the packaging market, especially the flexible packaging used by various industries like the construction, food & beverage, and decorative interiors accelerating the market growth. Specialty & high-performance films are applied in insulating semiconductors that are used in photovoltaic cells (PV) and electronics. The growth of solar PV market and electronics in turn boost the market growth for high performance film market. Positive impact is expected due to the development of composite material films.

On the basis of polymer type the global high performance film market is segmented into polycarbonate, polyesters, nylon, and fluoropolymers. The largest market share is held by polyester film due to its flexibility and thermal properties. On the basis of application, Barrier films occupy the market segment, due to its application in semiconductor insulations.

The restraining factors for the growth of the global high performance film market are the volatility in the prices of raw material like crude oil and naphtha, as the high-performance films are composed of composite and engineered plastic materials. Also, the growing environmental regulation to curb the use of plastics, due to the increasing concern for environment is expected to hamper the growth of this market. Though, the environmental regulations pose to be a restraining factor, it has also brought in the opportunity for the market growth in terms of the increased demand for biodegradable plastic film/sheets manufactured with recyclable engineered plastics.

The largest market for high performance film market is estimated to be Asia-Pacific, holding more than half of the market share globally. China dominates the market, followed by Japan. Also, major developments in the growth have been seen in the regions like South Korea, Indonesia, and India. Major factors fueling the growth of this market in Asia Pacific region is the growing demand across various industries for the applications(construction, packaging, automotive and more), high rate of economic growth, lower cost of labor, expansion of the production capacity, and the competitive costs of manufacturing. Also, the increase in the disposable income of the people, rising investments in the activities like infrastructure development and other construction projects, and the rising demand for processed food fuel the growth of the global high performance film market in the region.

Major market players of the global high performance film market are Dow Chemicals, Sealed Air Corporation, Honeywell, Bayer, Evonik Industries, DuPont, Eastman, Bemis Company Inc., and 3M Company and more. Low profitability and high Industrial rivalry are the characteristics of the global high performance film market. To remain competitive in the market and achieve growth companies have adopted various strategies like collaborations, agreements, expansions and new product development.

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