Market Overview:
The growth of industrial films market can be attributed to the growing consumption in the end user industries such as agriculture, transportation, industrial packaging, medical and others. The growing industrialization, and urbanization in the developing regions throughout the globe is expected to boost the market during the forecast years. The global market of industrial films is a lucrative one and is expected to expand at an encouraging CAGR during the forecast years. The excellent heat resistance, tensile strength, and chemical stability of industrial films makes it ideal for the packaging of various food, pharmaceutical and electronics which is a major factor driving the market positively.
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Market Segmentation:
The global Industrial Films Market Is Segmented into Product Type and End User industry.
By Product Type-
• Linear low-density polyethylene (lldpe),
• Low-density polyethylene (ldpe),
• High-density polyethylene (hdpe),
• Polyethylene terephthalate/bi-axially-oriented polyethylene terephthalate (pet/bopet),
• Polypropylene/bi-axially oriented polypropylene (pp/bopp),
• Cast polypropylene (cpp),
• Polyvinyl chloride (pvc),
• Polyamide/bi-axially oriented polyamide (bopa),
• And Others
By End User-
• Transportation,
• Construction,
• Industrial packaging,
• Agriculture,
• Medical
Top Global Key Players:
Some of the top players operating in the Global Industrial Films Market are-
• DuPont Teijin Films (U.S.),
• SKC (South Korea),
• 3M (U.S.),
• Toray Industries (Japan),
• Berry Global (U.S.),
• Saint-Gobain (France),
• Eastman Chemical (U.S),
• Mitsubishi Chemical (Japan),
• RKW SE (Germany)
Regional Analysis:
The global Industrial Films Market is spanned across Five Key Regions namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa.
Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance during the forecast period. The developing end user industries in the region such as construction and automotive is expected to fuel the market growth.
North America is the dominant region for the market Industrial Films. The developed end user industries coupled with the growing adoption of industrial films are the major factor contributing to the growth of the market.
The European market of Industrial Films is mainly driven by the developed automobile and medical industry.
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