High Performance Films Market

High Performance Films Market Outlook (2022-2032)

The global high performance films market registered a CAGR of 4.9% over the past five years to reach US$ 42.72 billion by the end of 2021. 

High performance films, which accounted for than 30% share of global film demand, is forecast to expand at 6.2% CAGR through 2032, thereby creating an absolute $ opportunity of US$ 38.66 billion over the next ten years.

Report Attributes	Details
High Performance Films Market Size (2021 A)	US$ 42.72 Billion
Estimated Market Value (2022 E)	US$ 44.68 Billion
Forecast Market Value (2032 F)	US$ 81.39 Billion
Global Market Growth Rate (2022-2032)	6.2% CAGR
North America Market Share (2021)	~ 34.3%
North America Growth Rate (2022-2032)	6.3% CAGR
U.S. Growth Rate (2022-2032)	6.5% CAGR
Market Share of Top 5 Companies	~60.6%
Key Companies Profiled	Dow Chemical Company The 3M Company Solvay S.A. Covestro Evonik Honeywell International Inc. Amcor Berry Global Group American Durafilm Co. Eastman Chemical Company DuPont

The global performance coatings market has witnessed substantial growth due to developments in the construction and automobile sectors, and is anticipated that the high performance films market will see lucrative benefits from the parent market. At present, high performance films account for around 23% share of the global performance coatings market.

High Performance Film Consumption Analysis (2017-2021) Vs. Market Forecast Outlook (2022-2032)

As per the detailed analysis done by Fact.MR, a market research and competitive intelligence provider, the high performance films market value is expected to witness 2X growth and reach US$ 81.39 billion by the end of 2032.

Polyester high performance films have been the most attractive material as they are high quality material for heat resistance, and reached US$ 11.49 billion at the end of 2021. EVA high performance films will give tough competition with an aggregate growth of 7.5% to reach a market valuation of around US$ 19.11 billion by the end of 2032.

The pandemic disrupted the supply chain and distribution channels of the industry due to lockdowns and travel restrictions. As per Fact.MR’s observations, value share of high performance films dropped 40%, but the market is anticipated to recover at a steady CAGR of 6.2% over the forecast period.

High performance films possess special properties such as easy to peel, shrink, and have high tensile strength. The barrier film type of high performance films is expected to keep its position high in the value share of the market. Demand for barrier high performance films is expected to increase at a CAGR of 7.3% through 2032.

Which Industry Sectors Drive Most Demand for High Performance Films?

Food Packaging

With the growing food packaging industry, the use of high performance films has increased to improve the shelf life of food products. Packaging such as tetra pack and transparent packaging have made a mark in the industry with the use of innovative high performance films to increase product visibility and ornamental touch. Additionally, its flexibility and thin wall design is popular for many manufactures of transparent packaging.

Construction

Development in the construction industry has also paved the road for high performance films to see increased usage. Current infrastructure designs have increased the infusion of transparent exteriors. High performance films increase the tensile force of glass exteriors with reinforcement of the desired texture and tint.

Rising global warming has developed the market of high performance films due to its unique properties of UV reflection and heat deflection, which is definitely an added benefit for manufacturers of glass doors and windows.

Aviation

In the aviation sector, high performance films have great relevance. Aircraft are prone to solar radiation and scorching heat at higher altitudes. High performance films provide a thermal jacket to aircraft so as to regulate cabin temperature and pressure. Moreover the craft’s windows are coated with high performance films to provide insulation and reinforcement.

Country-wise Analysis

Why is Consumption of High Performance Films Rising in China?

The China high performance films market has proliferating at a CAGR of 5.4% and is forecasted to be an attractive market over the coming years as well. China is a hub for the manufacturing of automotive, electrical, and electronic goods, which have acquired nearly 47% of the high performance films market share.

The APAC region is the largest market in terms of consumption due to the presence of highly populated countries such as India and China. India, being a developing country, is pacing up to strengthen its infrastructure. High performance films are a major component in the construction and also in automotive industry, where APAC stands prominent.

How is the United States High Performance Films Market Faring?

The U.S. stands out in the market for high performance films due to rising demand from automotive and aerospace Industries. The U.S is home to leading aircraft manufacturers such as Boeing, Lockheed Martin, and United Technology.

As high performance films are used for thermal jacketing aircraft, the U.S. will be a prominent demand generator for these high performance films. The U.S. market reached a valuation of US$ 13.46 billion in 2021, and is expected to create an absolute $ opportunity of US$ 12.81 billion over the forecast period.

Category-wise Analysis

Why Do We See High Demand for Barrier Films?

High performance films come in a wide range of types, such as barrier films, safety & security films, decorative films, microporous films.

Barrier films is the most attractive category in the market due to their diversified use in construction, aerospace, automotive, packaging, and much more. This category registered a CAGR of 6.1% with a market value of US$ 13.73 billion in 2021.

High tensile strength and flexible nature makes this type the most demanded film as it increases the strength of glass doors and windows with the added benefit of combating heat radiation.

Which High Performance Film application is the Focus of Market Players?

Automotive high performance films hold a competitive edge over other categories and stand out with an average Y-O-Y growth of 6.7% during the historical period.

Due to increasing use of automotive across the globe, the high performance films market benefits from this segment. High performance films aid vehicles with protection against damage due to heat due to their excellent insulation properties.

Growing disposable income in developing countries has increased the number of vehicles on the road, directly hiking demand for high performance films. The automotive application is forecasted to acquire around 33.1% of the global market share.

Competition Landscape

Dow Chemical Company, The 3M Company, Solvay S.A., Covestro, Evonik, Honeywell International Inc., Amcor, Berry Global Group, American Durafilm Co., Eastman Chemical Company, and DuPont are key manufacturers of high performance films.

• In December, 2021, Amcor introduced its first high-barrier, recycle-ready liquid pouch packaging solution, which is heat-resistant and for food grade use.
• Players such as Eastman and DuPont are increasing fund allocation for the research and development of high performance films that are capable of deflecting harmful UV radiations.
• Restrictions on the use of tinted films in vehicles have instigated market leaders to develop a film that has 95% transparency, but at the same time deflects UV radiations and infra-red spectrums.

Fact.MR has provided detailed information about the overall strategies adopted by players in the high performance films market, along with their detailed overviews of sales analysis of barrier films, safety & security films, decorative films, and microporous films, including SWOT analysis and revenue generated by top high performance film manufacturers positioned across geographies, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.

Key Segments Covered in High Performance Films Industry Survey

• High Performance Films Market by Material :

  • Polyester
  • EVA
  • Polyolefin
  • Polyamide
  • Fluoropolymer
  • Other Materials

• High Performance Films Market by Type :

  • Barrier Films
  • Safety & Security Films
  • Decorative Films
  • Microporous Films
  • Other Types

• High Performance Films Market by Application :

  • Automotive
  • Aerospace
  • Electrical & Electronics
  • Packaging
  • Construction
  • Other Applications

• High Performance Films Market by Region :

  • North America High Performance Films Market
  • Latin America High Performance Films Market
  • Europe High Performance Films Market
  • Asia Pacific High Performance Films Market
  • Middle East & Africa High Performance Films Market