DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities in the Global Specialty Film Market" report to their offering.
The global specialty film market is expected to reach an estimated $41.3 billion by 2022 and is forecast to grow at a CAGR of 7.1% from 2017 to 2022.
The future of the specialty film market looks promising with opportunities in the packaging, automotive, construction, and electrical & electronic industries. The major growth drivers for this market are increasing demand in packaging industry due to the growth in pharma & food packaging, and growth in the automotive and electrical & electronic industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of bio-degradable and water soluble film and increasing use in photovoltaic market.
The report forecasts that polyester film is expected to remain the largest segment; it is also expected to witness the highest growth in the forecast period supported by its low cost, ease of availability, excellent dimensional stability, high tensile strength, and low moisture absorption properties.
Within the specialty film market, barrier film is expected to remain the largest functional segment due to the increasing demand in flexible packaging applications and its better protection properties: specialty film can protect from permeation of water and loss of aroma while also increasing self-life and maintaining taste. Lucintel predicts that the demand for specialty film in safety functions is likely to experience the highest growth in the forecast period supported by the growing demand for laminated glass interlayers.
Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of growth in packaging, automobile, and construction sectors due to economic expansion in India and China.
Scope of the Report
By product [Volume (Kilotons) and $M shipment analysis for 2011 - 2022]:
By function [Volume (Kilotons) and $M shipment analysis for 2011 - 2022]:
By end use industry [Volume (Kilotons) and $M shipment analysis for 2011 - 2022]:
- Electrical and Electronics
- DuPont Teijin Films
- Jindal Poly Films Ltd.
- Mitsubishi Plastics, Inc.
- Uflex Limited
For more information about this report visit http://www.researchandmarkets.com/research/ksgfw7/growth