Specialty and High Performance Film Market Overview and Key Market Trends

Specialty and high-performance films are made of polymer films that are either transparent or opaque. Polyesters, fluoropolymers, and polycarbonates are the most common raw ingredients used to make these films. The key end-use sectors for speciality and high performance films include packaging, automotive, electrical and electronics, and construction. These films are gaining popularity in a variety of industries, owing to their chemical resistance, tensile strength, and impact resistance.

During the anticipated period, the specialty and high performance film market is expected to benefit from rising demand for packaged and frozen food in developed countries, leading to rapid growth of end-use industries. Furthermore, increased demand for disposable food and beverage packaging, such as tetra pack goods, is expected to fuel market expansion. The packaged food industry's main goal is to increase hygiene in order to protect food from UV, sunlight, dust, temperature, and air. A few goods utilised in the food and beverage sector are barrier films and UV control films. Furthermore, it extends the shelf life of food and aids in the preservation of food quality for a longer period of time.

 

Specialty and High Performance Film Market

Key Market Trends

Product Type Barrier Films to Dominate the Market

By product type, the barrier film segment currently dominates the global market. Ultra-high oxygen barrier characteristics, flex crack and thermal resistivity, and a variety of other functional benefits are all provided by specialty and high-performance barrier films.

Superior gas and water vapour barrier performance serves to protect the products against corrosion, rotting, moisture absorption, drying, and oxidation.

As a result, they're frequently employed in the packaging sector, particularly in the food packaging industry.

Barrier films are also commonly utilised in vacuum insulated panels and electronic applications such as displays and organic-based electronics.

As a result of the rising demand from the aforementioned application areas, barrier films are expected to dominate the market examined over the forecast period.