Specialty and High Performance Films Market Outlook Till, 2014 - 2025

Growing need for electronics and solar PV coupled with increasing applications is expected to steer the market growth. These films are extensively used in semiconductors and PV cells Technological innovation and advancements of material films are anticipated to boost the market demand  Specialty & high-performance films are made of engineered and composite plastic materials produced from different polymers including fluoropolymer, polycarbonate and polyester and exhibit exceptional properties such as chemical stability, resistance to heat, high barrier and tensile strength. The major factor that pose a challenge to the market is expected to the fluctuating prices of raw materials including naphtha and crude oil.

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Growing environmental concerns and increasing regulations on the use of plastics is expected to restraint market growth over the next six years. Innovation and development of reusable engineered plastics and increasing demand for biodegradable plastic film is anticipated to generate future opportunities for the industry players. On the basis of polymer type the global market has been segmented into nylon, fluoropolymers, polycarbonate, polyesters, polypropylene, and polyethylene. Polyester film is expected to have the largest share in the market owing to its excellent flexible and thermal properties. Nylon and polycarbonate are expected to be the fastest growing segments in the market. Polycarbonate is a transparent film that can be easily thermoformed and molded. It also provides excellent ink adhesion and is widely being used in graphic, blended and light diffusing films.

Fluoropolymers are expected to have low growth rate over the forecast period due to increasing regulations for halo polymers by environmental protection agency and REACHGrowing demand for bio based materials is anticipated to produce new dynamic product trends in the future. On the basis of applications, the specialty and high performance films has been segmented into Safety and security, Microporous, Barrier, Decorative. Other niche applications include water soluble, Biodegradable, and light control. Barrier is expected to constitute the highest market share owing to increasing demand for these films in semiconductor insulators and solar PV modules. Growing adoption of renewable forms of energy sources such as solar panels to generate electricity is expected to be the driving factor for the market growth in this segment.

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