Ocean View, Delaware, June 13, 2017 (GLOBE NEWSWIRE) --
High Performance Films Market share is set to exceed USD 54 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing packaging industry demand owing to expansion of retail sector, electronics and pharmaceuticals will drive the high performance films market share over forecast period. Enhanced flexibility, chemical resistance, and durability are some of the features which makes it preferable over other available alternatives.
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Increasing demand for food and beverage including ready to eat meals, frozen food and fast food coupled with change in consumer taste preference will stimulate the high performance films market share. Availability of wide product range with easy handling makes it favorable for tetra packaging.
Fluoropolymer high performance films market share is set to witness growth over 5% from 2016 to 2024. These are primarily used in construction, aerospace, automotive and electronics industry due to its high mechanical toughness to material, good thermal, low friction, and corrosion resistance property. The global polyester demand was over 7,200 kilo tons in 2015 and is predicted to witness significant growth owing to its ability to retain its shape and wrinkle resistant property. It also finds application in industrial and consumer textiles.
Browse key industry insights spread across 121 pages with 171 market data tables & 18 figures & charts from the report, “High Performance Films Market Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/high-performance-films-market-report
Global high performance films market demand for 2015 was over 9,100 kilo tons. Positive outlook towards electrical & electronics and packaging industries will favor the business landscape. Increasing demand for waterproofing material will spur the industry growth in future. Nylon share is expected to exceed USD 6 billion by 2024 owing to its moisture absorption, thermal resistance, and heat resistance properties.
North America high performance films market size was valued at over USD 4 billion in 2015 and is expected to witness substantiate growth on account of increasing demand for food and beverage industry. Increasing barrier film demand from semiconductor and PV cell manufacturing industry owing to its water repellant property will further augment the industry landscape.
Asia Pacific automotive applications are predicted to reach over 230 kilo tons with growth over 5% by 2024. Growing automobile production rate due to easy and low price labor availability will positively impact the industry outlook.
Middle East high performance films market size is expected to witness growth at over 3% from 2016 to 2024. Increasing demand for packaging and construction industry may propel the business growth.
High performance films market size demand from personal care is expected to exceed 940 kilotons with growth of over 4% by 2024. It finds application in adult and feminine incontinence products and disposable diapers. Increasing awareness towards personal hygiene along with economy growth in Latin America and Asia Pacific may propel industry growth.
Global high performance films market size is highly fragmented in nature. Key player includes Covestro, Bernis, 3M, Evonik, DuPont, Sealed Air Corporation, Honeywell, Clopay Plastic, Eastman and Dow Chemical.
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Browse Related Reports:
- High Density Polyethylene (HDPE) Market 2016 – 2024
High Density Polyethylene (HDPE) Market size was valued at approximately USD 60 billion in 2015 with gains of over 4% CAGR between 2016 and 2024. HDPE is widely used for packaging in personal care products, pharmaceuticals, and food & beverages. It has a greater strength to density ratio and better mechanical properties as compared to low density polyethylene (LDPE).
https://www.gminsights.com/industry-analysis/high-density-polyethylene-HDPE-market
- Polyvinyl Alcohol (PVA) Films Market Size 2016 – 2024
Water Soluble Polyvinyl Alcohol (PVA) Films Market size was valued nearly USD 241 million in 2015 and is anticipated to reach the mark of USD 376 million by 2024. Whereas polarizing application of PVA films market was valued at USD 5 billion in 2015. The growing concerns about health hazards from waste disposal of products packaging have given rise to the need of biodegradable packaging solutions. This has ultimately given a boost to the polyvinyl alcohol films market in recent years.
https://www.gminsights.com/industry-analysis/polyvinyl-alcohol-PVA-films-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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