Focus on high performance film manufacturers

US, Rockville MD, May 08, 2022 (GLOBE NEWSWIRE) – According to a recent report by Fact.MR, a market research firm and competitive intelligence provider, the global high-performance film market is expected to be worth 44.68 billion in 2022, expanding at an annual growth rate Compound of about 6.2% during 2022-2032. The growing demand for high-performance films for use in thermospheres in the automotive and aerospace industries is mainly driving the market growth. The demand for high performance movies It is expected to rise during the forecast period and the market has been estimated at $42.72 billion in 2021.

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Advances in the construction industry have also paved the way for suppliers of high performance films. Existing infrastructure designs have further pumped in transparent exterior designs to increase the aesthetics of the projects. High performance films increase the tensile strength of glass facades while strengthening desired texture and color.

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The pandemic has disrupted the industry’s supply chain and distribution channels due to lockdowns and travel restrictions. According to Fact.MR observations, the share of high-performance film value is down 40%, but the market is expected to recover at a steady compound annual growth rate of 6.2% over the forecast period.

What industry sectors drive the most demand for high-performance films?
food packaging

With the growth of the food packaging industry, the use of high-performance films to improve the shelf life of food products has increased. Packages such as the Quad Pack and Clear Packaging have made a mark in the industry by using innovative high-performance films to increase product visibility and decorative touch. In addition, its flexibility and thin-walled design are popular with many transparent packaging manufacturers.

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Main parts covered in Asia Pacific High Performance Films Industry Survey

  • High Performance Films Market by Material:
    • polyester
    • Eva
    • polyolefin
    • polyamide
    • fluoropolymer
    • Other materials
  • High Performance Films Market by Type:
    • barrier films
    • Security and safety films
    • Decoration films
    • Small porous films
    • other kinds
  • High Performance Films Market by Application:
    • the cars
    • The space
    • Electro-electronic
    • Packaging
    • building
    • Other apps
  • High Performance Films Market by Region:
    • High performance film market in North America
    • Latin America High Performance Film Market
    • Europe’s high-performance film market
    • Asia Pacific High Performance Film Market
    • The Middle East and Africa High Performance Film Market

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Competition scene

Dow Chemical Company, 3M Company, Solvay SA, Covestro, Evonik, Honeywell International Inc. and Amcor, Berry Global Group, and American Durafilm Co. Eastman Chemical Company and DuPont are the major manufacturers of high performance films.

  • In December 2021, Amcor introduced the first high barrier, ready-to-recycle liquid bag packaging solution that is heat-resistant and for use in the food industry.
  • Players like Eastman and DuPont are increasing funds for research and development of high-performance films capable of deflecting harmful UV rays.
  • Restrictions on the use of color films in automobiles have prompted market leaders to develop a film that has 95% transparency, but at the same time deflects the UV and IR spectrum.

The main players in polyester high performance movies Market

  • The Dow Chemical Company
  • 3ME Company
  • Solvay S
  • Covestro
  • Evonik
  • Honeywell International Corporation
  • Amkor

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Main takeaway from North American high-performance films market study

  • Depending on the material, polyester is expected to provide an absolute opportunity of $36.69 billion over the forecast period.
  • Barrier films are expected to account for 36% of the market share by 2032.
  • The auto sector is expected to lose 3,090 BPS in market value share by 2032.
  • North America is expected to capture approximately 34.6% of the global high-performance film market share by 2032.
  • Europe is set to provide an absolute dollar opportunity of $8.37 billion by the end of 2032.

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