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The Global Specialty Films Market is examined in great detail in the new research report from Market Research Future (MRFR). The key drivers and restraints affecting the Global Specialty Films Market and the major players operating in the Global Specialty Films Market are assessed in the report to provide readers with a complete overview of the market’s movement over the forecast period from 2018 to 2023.Specialty Films are plastic films treated to enhance their characteristics in particular ways to make them more useful in specific applications. The modifications carried out on Specialty Films are usually highly dependent on the intended end use of the films and may include increased protection against moisture, metallization, or the addition of additives to enhance properties such as mechanical strength and durability, moisture protection, etc.
The growing demand for food packaging is likely to be a major driver for the Global Specialty Films Market. Food packaging remains one of the leading end-use sectors for the Global Specialty Films Market and is likely to retain this position over the forecast period due to the growing demand for packaged food around the world. The growing demand for packaging fresh food such as fruits and vegetables is likely to be a major driver for the Global Specialty Films Market over the forecast period.
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Other major applications of specialty films include agriculture, consumer electronics, construction, and automotive. Specialty Films have become widely popular for packaging and transporting electronic products and devices, chemicals, and other sensitive materials as well as metal components. The high level of moisture protection offered by Specialty Films is likely to drive their demand in these application sectors over the forecast period. In the agriculture industry, Specialty Films are used to protect grain and hay from pests and environmental contaminants such as moisture. The demand for Specialty Films as fumigation covers is also increasing due to their imperviousness towards environmental contaminants. The construction, automotive, and aerospace industries are also likely to emerge as leading end users in the Global Specialty Films Market over the forecast period due to the rising demand in these industries for effective, lightweight insulation materials.
Competitive Analysis:
Leading players in the Global Specialty Films Market include Saint-Gobain Performance Plastics, Berry Global Inc., SABIC, Toray Plastics Inc., Honeywell International Inc., Specialty Polyfilms Pvt. Ltd., Trico Specialty Films, Tufpak Inc., Amcor Limited, Covestro AG, The Dow Chemical Company, Solvay SA, Bemis Company Inc., and Madico Inc.
In February 2019, Jet Technologies, a leading producer of Specialty Films and laminates, announced Stockman Paper Merchants as its distribution partner in Western Australia.
Segmentation:
The Global Specialty Films Market has been classified based on Type of Film, Material, End-Use Industry, and Region.
Based on Type of Film, the Global Specialty Films Market has been segmented into barrier, decorative, microporous, antimicrobial, protective, and others.
On the Basis of Material, the Global Specialty Films Market has been segmented into polyester, fluoropolymer, polyamide, polyolefin, polycarbonate, and others.
By End Use, the Global Specialty Films Market is segmented into packaging, automotive, construction, aerospace, food & beverage, electronics, personal care and cosmetics, and others. The packaging industry holds a dominant share of 38% in the Global Specialty Films Market and is likely to dominate the demand from the Global Specialty Films Market over the forecast period due to the growing demand for packaged food in emerging regions across the world.
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Regional Analysis:
The Global Specialty Films Market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa on the basis of region. Asia Pacific dominates the Global Specialty Films Market due to the growing demand for Specialty Films in the food packaging and construction industries. The high moisture resistance offered by Specialty Films makes them perfect for use in aerospace and automotive applications as a moisture barrier, which is a major driver for the Specialty Films Market in Asia Pacific.
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Website: https://www.marketresearchfuture.com/reports/specialty-films-market-1944
Release ID: 504544
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