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Specialty Films Market Set To Rise in the Period from 2016-2022
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Global specialty films Market Information by Material (polyesters, nylons, polyolefin, and others), by Application (Electronics, Construction, Food & beverages, Personal Care and Others) and Region - Forecast to 2022
Market Synopsis of specialty films Market
The market for specialty films are highly driven by its characteristics such as high tensile strength, biodegradability, safety and protection, protective shield and barrier protection. Furthermore the growing importance of bio based polymers is stimulating the demand for such films. The specialty films are print friendly which helps to increase the brand value of products sealed off in them. Vendors are developing environmental-friendly specialty films because of implementation of stern environmental regulations and increasing awareness of sustainable development.
The market for such films is highly application based. Growth of flexible packaging industry owing to its rising demand in construction due to increased aesthetic values and food & beverages is likely to have a positive impact on the market growth over the next five years. It is also extensively used in electronic and transportation industry. The market size for global specialty films was valued at around USD 30 billion in 2015 and is expected to grow at a CAGR of approximately 5% by the end of the forecasted period.
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Regional Analysis of specialty films Market
APAC region is the highest performing region in global Specialty Films Market. The growth of APAC market relates to consolidation in specialty films. The increasing market growth is attributed to the shifting of operating bases to developing countries like China and India by key players.
The key players of specialty films market report include- Amcor ltd., Covestro Inc., Dow Chemical Inc., DuPont USA, Honeywell International Inc., Sealed Air Inc., 3M Company, Eastman Chemical Inc., Jindal Poly Films Inc., Evonik Industries Inc.
The report for Specialty Films market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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