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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the industrial films market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the industrial films market report are Mitsui Chemicals Inc., Toyobo Co. Ltd., Eastman Chemical Company, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Berry Global Inc., SKC Co. Ltd., Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Solvay SA, FUJIFILM Holdings Corporation, Sigma Plastics Group, Muraplast d.o.o., Unitika Ltd., Jindal Films Europe Virton Sprl, Transcendia Inc., Mondi plc, Hi-Fi Industrial Film Ltd., Bogucki Folie Sp zoo, Inteplast Group Corporation, 3M Company, Avery Dennison Corporation, Bemis Company Inc., Covestro AG, Filmquest Group Inc., Uflex Ltd., Hyplast NV, Kuraray Co. Ltd., Novamont SpA, Plastipak Holdings Inc., Polifilm Group, Raven Industries Inc., Renolit Group, RKW Group, Saudi Basic Industries Corporation, Saint-Gobain SA, Sealed Air Corporation, SRF Limited, Technipaq Inc., Tredegar Corporation
The industrial films market report table of contents includes:
1. Executive Summary
2. Industrial Films Market Characteristics
3. Industrial Films Market Trends And Strategies
4. Industrial Films Market – Macro Economic Scenario
5. Global Industrial Films Market Size and Growth
………………..
31. Global Industrial Films Market Competitive Benchmarking
32. Global Industrial Films Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Films Market
34. Industrial Films Market Future Outlook and Potential Analysis
35. Appendix
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