Specialty & High Performance Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Specialty & High Performance Films Market Analysis
The global specialty and high-performance films market is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily.
- The increasing use of specialty and high-performance films in the construction and packaging industries is expected to fuel the market's growth.
- On the other hand, the high cost of specialty and high-performance films is expected to hinder the market's growth during the forecast period.
- Among the product types, barrier films will likely account for the highest market share during the forecast period.
- The Asia-Pacific region dominated the global market, with the largest consumption from countries such as China, India, and Japan.
Specialty & High Performance Films Market Trends
This section covers the major market trends shaping the Specialty & High Performance Films Market according to our research experts:
Increasing Demand from Construction Industry
- The Specialty and High-Performance Films market is anticipated to be driven by increasing construction activities in nations like China, India, and the United States.
- Owing to rapid industrialization in developing countries, these films are used in the construction sector for aesthetic and functional purposes like safety, security, and light control.
- Furthermore, reconstruction initiatives are common in nations such as North America and Europe. Hence, the demand for Specialty and High-Performance Films is anticipated to be driven by rising film usage in residential and nonresidential structures.
- Commercial building construction activities have increased significantly with the demand from technology, e-commerce, and banking-financial service companies. For example, China is one of the leading countries concerning the construction of shopping centers. China includes almost 4,000 shopping centers, while 7,000 more are estimated to be open by 2025. Thereby creating a huge demand for Specialty and High-Performance Films in the construction sector.
- Furthermore, the construction industry is also expanding in the United States. According to the US Census Bureau, the annual value for new construction put in place in the United States accounted for USD 1,626.4 billion in 2021, compared to USD 1,499.6 billion in 2020. Hence, supporting the growth of the market studied during the forecast period.
- Therefore, owing to the factors above, the growing construction sector is expected to drive the Specialty and High-Performance Films market during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific accounted for the largest specialty and high-performance film market in the past few years.
- There is a significant growth in the demand for specialty and high-performance films from southeast Asian countries for application areas like barrier films, decorative films, etc.
- The growing construction industry in various countries in the Asia-Pacific region is driving the market studied in the Asia-Pacific region.
- According to the National Bureau of Statistics of China, the output value of the construction works in the country accounted for CNY 25.92 trillion (USD 3.82 trillion) in 2021, compared to CNY 23.27 trillion (USD 3.43 trillion) in 2020, thereby enhancing the demand for the market studied.
- Furthermore, according to Statistics Korea, construction orders collected by local builders at home and overseas totaled USD 245.9 billion in 2021, up to KRW 31 trillion from the previous year.
- Moreover, the growing packaging industry, increasing automotive production, massive electronics production industry in China and India, and the demand for specialty and high-performance film are expected to rise significantly.
- According to the Ministry of Electronics and IT's 'A call to action for broadening and deepening electronics manufacturing' study, India intends to generate USD 300 billion in electronics manufacturing by 2026.
- Hence, for the above reasons, Asia-Pacific will likely dominate the market studied during the forecast period.
Specialty & High Performance Films Industry Overview
The global specialty and high-performance films market is consolidated in nature. Some of the major players in the market include 3M, Saint-Gobain, Dupont Teijin Films, Solvay, and Covestro AG, among others (in no particular order).
Specialty & High Performance Films Market Leaders
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3M
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Covestro AG
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Solvay
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Dupont Teijin Films
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Saint-Gobain
*Disclaimer: Major Players sorted in no particular order
Specialty & High Performance Films Market News
- January 2023: Covestro and Lanxess have collaborated to generate more sustainable raw materials with a CO2 footprint reduction of up to 120,000 tons annually.
- August 2022: Effective August 1, 2022, DuPont Teijin Films U.S. Limited Partnership announced the increase in pricing on all Mylar and Melinex polyester film grades. This price increase is necessitated by the ongoing rise in raw materials and energy costs associated with the production of polyester films.
Specialty & High Performance Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand from the Packaging Industry
- 4.1.2 Increasing Use in Construction Industry
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4.2 Restraints
- 4.2.1 High Cost of Fluoropolymers
- 4.2.2 Other Restraints
- 4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Material Type
- 5.1.1 Polyester
- 5.1.2 Fluoropolymers
- 5.1.3 Nylon
- 5.1.4 Polycarbonate
- 5.1.5 Polyimide
- 5.1.6 Other Material Types
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5.2 Product Type
- 5.2.1 Barrier Films
- 5.2.2 Safety and Security Films
- 5.2.3 Decorative Films
- 5.2.4 Microporous Films
- 5.2.5 Other Product Types
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.2.4 Rest of North America
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 American Durafilm
- 6.4.3 Bemis Associates Inc.
- 6.4.4 Covestro AG
- 6.4.5 Dupont Teijin Films
- 6.4.6 Eastman Chemical Company
- 6.4.7 Evonik Industries AG
- 6.4.8 Honeywell International Inc.
- 6.4.9 Raven Industries, Inc.
- 6.4.10 Saint-Gobain
- 6.4.11 Sealed Air
- 6.4.12 Solvay
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Specialty & High Performance Films Industry Segmentation
The specialty and high-performance films possess unique properties such as high tensile strength, high impact resistance, resistance to chemicals, and high tear strength. These films are transparent or opaque and are often used in industries such as packaging, electrical & electronics, cosmetics, personal care, and others. The specialty and high-performance films market is segmented by material type, product type, and geography. By material type, the market is segmented into polyester, fluoropolymers, nylon, polycarbonate, polyimide, and other material types. By product type, the market is segmented into barrier films, safety and security films, decorative films, microporous films, and other product types. The report also covers the market size and forecasts for specialty and high-performance films in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Material Type | Polyester | |
| Fluoropolymers | ||
| Nylon | ||
| Polycarbonate | ||
| Polyimide | ||
| Other Material Types | ||
| Product Type | Barrier Films | |
| Safety and Security Films | ||
| Decorative Films | ||
| Microporous Films | ||
| Other Product Types | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Specialty & High Performance Films Market Research FAQs
What is the current Specialty and High Performance Films Market size?
The Specialty and High Performance Films Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Specialty and High Performance Films Market?
3M, Covestro AG, Solvay, Dupont Teijin Films and Saint-Gobain are the major companies operating in the Specialty and High Performance Films Market.
Which is the fastest growing region in Specialty and High Performance Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Specialty and High Performance Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Specialty and High Performance Films Market.
What years does this Specialty and High Performance Films Market cover?
The report covers the Specialty and High Performance Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Specialty and High Performance Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Specialty and High Performance Films Industry Report
Statistics for the 2024 Specialty and High Performance Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Specialty and High Performance Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
