IRVING, Texas, March 30, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global specialty film market is expected to reach an estimated $41.3 billion by 2022 and is forecast to grow at a CAGR of 7.1% from 2017 to 2022. The major growth drivers for this market are increasing demand in packaging industry due to the growth in pharma & food packaging, and growth in the automotive and electrical & electronic industries.
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Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of growth in packaging, automobile, and construction sectors due to economic expansion in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of bio-degradable and water soluble film and increasing use in photovoltaic market. DuPont Teijin, Toray, Mitsubishi, Uflex, and Jindal Poly are among the major suppliers of specialty film.
The study includes a forecast for the global specialty film market by product, function, end use industry, and region as follows:
Specialty film market by product [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
Specialty film market by function [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
Specialty film market by end use industry [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Electrical and Electronics
Specialty film market by region [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- North America
- Asia Pacific
- Rest of the World
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