Specialty Films Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Resin (Polyester, Nylon, Polyacrylamide, Fluoropolymer, Polyimide, Polyolefin, and Other Resins), Function (Barrier, Conduction and Insulation, Microporous, Safety and Security, and Other Functions), End-user Industry (Packaging, Personal Care, Electrical and Electronics, Transportation, Construction, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Specialty films market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

Key Players:

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Market Overview

The market for specialty films is expected to grow at a CAGR of 5.5% during the forecast period of 2019-2024. One of the major factors driving the market studied is the growing demand for conduction and insulation films. However, hindrances for multilayer film growth are likely to restrain the market's growth.

  • Increasing usage of barrier films in food and pharmaceutical packaging is also likely to boost the demand for specialty films during the forecast period.
  • The development of technologically advanced materials regarding specialty films is likely to act as an opportunity for market growth in the future.
  • Asia-Pacific is likely to register the highest growth rate during the forecast period.

Scope of the Report

The specialty films market report includes:

Resin
Polyester
Nylon
Polyacrylamide
Fluoropolymer
Polyimide
Polyolefin
Other Resins
Function
Barrier
Conduction and Insulation
Microporous
Safety and Security
Other Functions
End-user Industry
Packaging
Personal Care
Electrical and Electronics
Transportation
Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Packaging Industry to Dominate the Market

  • The rising use of barrier films in food and pharmaceuticals is driving the market for specialty films in the packaging industry.
  • The advantages of specialty barrier films, like moisture resistance, very low permeability to air, and flexibility, are expected to drive the demand for barrier films in the packaging segment, especially in food and pharmaceutical packaging.
  • The growing demand for packed ready-to-eat food products is also one of the key factors that are driving the specialty films market.
  • In the United States, the total retail value of packaged food increased by 4% in 2018 over the value in 2017.
  • Hence, the packaging industry is likely to account for the highest market share during the forecast period.
Specialty films market - Segmentation

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Asia-Pacific to Witness the Highest Growth Rate

  • Asia-Pacific is one of the major regional markets in the global specialty films market in 2018 and the same is expected to register the fastest growth through the forecast period.
  • China, which has the largest market for specialty films in Asia-Pacific dominated the market in this region.
  • In China, the market is expected to register a growth rate of around 7% in the upcoming years owing to the increasing usage of specialty films in end-user industries such as packaging, electrical & electronics, transportation and construction sector.
  • Rising middle class population, increasing disposable income and changing lifestyle preferences is expected to drive the manufacturing sector in Asia-Pacific region, which, in turn, is expected to drive the specialty films market through the forecast period.
  • Hence, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
Specialty films market - regional trends

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Competitive Landscape

The specialty films market is a partially fragmented one, as there are numerous players present in the market. Key players in the specialty films market include Honeywell, SABIC, Kuraray America, Inc, and Covestro. 

Major Players

  1. Honeywell International Inc
  2. SABIC
  3. Covestro AG

* Complete list of players covered available in the table of contents below

Specialty Films Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Conduction and Insulation Films

      2. 4.1.2 Increasing Usage of Barrier Films in Food and Pharmaceutical Packaging

    2. 4.2 Restraints

      1. 4.2.1 Hindrances for Multilayer Film Growth

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin

      1. 5.1.1 Polyester

      2. 5.1.2 Nylon

      3. 5.1.3 Polyacrylamide

      4. 5.1.4 Fluoropolymer

      5. 5.1.5 Polyimide

      6. 5.1.6 Polyolefin

      7. 5.1.7 Other Resins

    2. 5.2 Function

      1. 5.2.1 Barrier

      2. 5.2.2 Conduction and Insulation

      3. 5.2.3 Microporous

      4. 5.2.4 Safety and Security

      5. 5.2.5 Other Functions

    3. 5.3 End-user Industry

      1. 5.3.1 Packaging

      2. 5.3.2 Personal Care

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Transportation

      5. 5.3.5 Construction

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1

      2. 6.4.2 AkzoNobel

      3. 6.4.3 Honeywell

      4. 6.4.4 SABIC

      5. 6.4.5 Covestro

      6. 6.4.6 DuPont Teijin Films

      7. 6.4.7 Avery Dennison

      8. 6.4.8 The Chemours Company

      9. 6.4.9 Evonik

      10. 6.4.10 Inteplast Group

      11. 6.4.11 Kuraray America Inc.

      12. 6.4.12 Toray Industries Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Technologically Advanced Materials

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