Growing demand from flexible packaging industry is the key factor to drive specialty and high
performance films market. These films are extensively used as packaging material especially for
foods & beverages, constructions and decorative interiors. Increasing demand from these enduse industries is expected to boost specialty and high performance films demand over the
forecast period. These films also find wide application scope in insulating semiconductors which
are used in electronics and photovoltaic cells. Strong growth of electronics and photovoltaic
cells market is anticipated to augment the market growth over the next five years. Increasing
demand from other end-use industries such as personal care & cosmetics, automotive,
electrical and electronics is most likely to fuel the market growth over the forecast period.
Specialty and high performance films are made from engineered plastic materials and
composites. Fluctuating prices of plastics owing to fluctuations in crude oil prices is anticipated
to have negative impact on profitability of industry participants in near future. In addition,
growing environmental concerns coupled with stringent regulations from EPA to reduce plastics
usage is anticipated to hamper the market growth over the foreseeable period. Innovation in
biodegradable plastic films and sheets is anticipated to open new opportunities to market
players in near future.
To Get More Details About Specialty And High Performance Films Market:
Based on polymer types, specialty and high performance films are broadly classified into
polyester, polycarbonate, fluoropolymers, nylon and others include polypropylene, polyethylene
and engineering plastics.
Polyester films emerged as the leading product segment over the past few years on account of
superior thermal and flexibility characteristics. Increasing...