The Industrial Films Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Films Global Market Report 2024, The industrial films market size has grown strongly in recent years. It will grow from $42.58 billion in 2023 to $45.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to cost-effectiveness, shift from rigid to flexible packaging, increased demand for barrier films, textile industry use, medical and healthcare..
The industrial films market size is expected to see strong growth in the next few years. It will grow to $57.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to continued industrialization, sustainable packaging, construction sector growth, agricultural applications expansion, rapid advancements in electronics.. Major trends in the forecast period include functional coatings, optical films, heat-shrink films, uv-resistant films, multilayered films..
Increasing construction activities and projects in developing countries are expected to propel the growth of the industrial film market going forward. Construction activities refer to a business that is engaged in the design, development, and construction of buildings using construction materials. Industrial films are used to create unique lighting and appearance effects in the construction of buildings and commercial offices. For instance, October 2023, Upmetrics, a US-based AI-powered business plan software solutions company published an article according to which the construction industry of the USA is worth $1.8 trillion, while the global construction industry is valued at $8.9 trillion in 2023 and the global residential construction market is expected to grow to $8.3 trillion by 2032, with a 4.8% annual growth rate. Therefore, increasing construction activities and projects is driving the industrial films market. .
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The industrial films market covered in this report is segmented –
1) By Type: Linear Low Density Polyethylene (LLDPE) , Low-Density Polyethylene (LDPE) , High-Density Polyethylene (HDPE) , Polyethylene Terephthalate (PET) , Polypropylene (PP) , Polyvinyl Chloride (PVC) , Polyamide, Other Types
2) By Application: Coated Non-Woven Products, Dry Film Adhesives, Electronic and Battery, Barrier and Breathable, Puncture Resistant Coatings and Films
3) By End-Use Industry: Agriculture, Industrial Packaging, Construction, Medical, Transportation, Other End-Use Industries
Product innovations are a key trend gaining popularity in the industrial film market. Major companies operating in the industrial film market are focused on developing new product solutions to strengthen their position in the market. For instance, in March 2021, DuPont, a US-based company operating in industrial films, launched DuPontTM Tedlar® polyvinyl fluoride (PVF) film for laminating metal roofing and building wall panels. The product has unique features such as resistance to harsh chemicals and corrosion, which are two key attributes of Tedlar®-laminated metal. These features have been combined with resistance to fading, chalking, cracking, and blistering caused by UV exposure, plus unmatched flexibility, rounding out an overall robust product for commercial and residential applications.
The industrial films market report table of contents includes:
- Executive Summary
- Industrial Films Market Characteristics
- Industrial Films Market Trends And Strategies
- Industrial Films Market – Macro Economic Scenario
- Global Industrial Films Market Size and Growth
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- Global Industrial Films Market Competitive Benchmarking
- Global Industrial Films Market Competitive Dashboard
- Key Mergers And Acquisitions In The Industrial Films Market
- Industrial Films Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Mitsui Chemicals Inc
- Toyobo Co. Ltd
- Eastman Chemical Company
- Compagnie de Saint-Gobain SA
- DuPont de Nemours Inc
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