Specialty and high performance films are thin films prepared from a variety of polymers, such as fluoropolymer polyester and polycarbonate. Specialty and high performance films are different from conservative films as they have exceptional barrier properties, chemical stability, high tensile strength and resistance to heat and impact.

Specialty and High Performance Films Market Report Statistics

• Global specialty and high performance films market revenue is projected to reach USD 84.3 Billion by 2030 with a CAGR of 7.1% from 2022 to 2030
• Asia-Pacific specialty and high performance films market share generated over 36% shares in 2021
• North America specialty and high performance films market growth will record CAGR of over 7.5% from 2022 to 2030
• Based on application, barrier recorded over 66% of the overall market share in 2021
• Among end-user industry, packaging sub-segment generated USD 29.7 billion in 2021
• Growing demand for disposable food & beverage packaging is a popular specialty and high performance films market trend that fuels the industry demand

Global Specialty and High Performance Films Market Dynamics

Market Drivers

• Rising trend of flexible packaging
• Growing demand for packaged and frozen food
• Initiatives undertaken by manufacturers in order to enhance these films

Market Restraints

• Volatility in raw material prices
• Lack of awareness in emerging countries

Market Opportunities

• Surging demand for modern commercial and residential buildings with glass exterior
• Rising urbanization in Asian countries such as China, India, Japan

Specialty and High Performance Films Market Report Coverage

Specialty and High Performance Films Market Growth Factors

Rising demand for packaging industry, increasing technological advancements, ever-increasing hygiene consciousness among consumers, development of retail, electronics and pharmaceutical industries, escalating demand for food and beverage and shifting consumer preference to high tensile and long lasting packaging materials are some of the fundamental factors that are driving the specialty and high performance films market growth across the globe. Changing consumer inclination towards durable packaging and high tensile materials is projected to drive the global specialty and high performance films market in near future. Furthermore, various initiatives taken by manufacturers in order to enhance the films durability, quality, strength and overall performance which will cater the ever increasing consumer demand as well as stringent specifications are some of the factors anticipated to fuel the global specialty and high performance films market throughout the forecast period. Moreover, increasing consumer consciousness for food hygiene and safety is anticipated to spur the demand for specialty and high performance films, thereby fueling the overall market growth.

Increasing infrastructure development and rapid growth of construction industry is also expected to augment the demand for specialty and high performance films throughout the forecast period. Growing demand for packaging specialty and high performance films in agriculture, food & beverage, and personal care industries is further supplementing the growth of the global market. In addition, the positive financial outlook of emerging economies, expansion of the automotive, construction and electronics industries and consumer spending behavior are positively affecting the specialty and high performance films across the globe. However, variable prices of various primary raw materials such as naphtha and crude oil may hinder the growth of the global specialty and high performance films market.

Specialty and High Performance Films Market Segmentation

The global specialty and high performance films market is segmented based on product type, application, end-user industry, and geography.

Specialty and High Performance Films Market By Product Type

• Polyester
• Nylon
• Fluoropolymer
• Polycarbonate
• Others (PI, PP, COC, PEN)

According to our specialty and high performance films industry analysis, the polyester sub-segment acquired the utmost revenue in 2021. Rapidly changing fashion trends, combined with modern living standards, will create opportunities for high polyester fibres with high durability, quick-drying, and easy-to-clean properties. Over the forecast period, the emergence of the e-commerce industry is expected to boost the polyester market share.

Specialty and High Performance Films Market By Application

• Barrier
• Safety and Security
• Decorative
• Microporous
• Others

Based on applications, barrier hold the utmost market shares in 2021. The barrier application is also expected to perform well throughout the forthcoming years. Increasing urbanization and mall culture in cities are driving a strong growth for packaged and disposable food products. This increases demand for vacuum packaging and meat packaging, which fuels market growth in the barrier films segment.

Specialty and High Performance Films Market By End-User Industry

• Packaging
• Personal Care Products
• Electrical & electronic
• Automobiles
• Construction
• Others

As per our specialty and high performance films market forecast, the packaging segment is anticipated to lead the market with majority of the shares from 2022 to 2030. Increasing the use of flexible and chemically inert materials for food and beverage packaging is expected to drive industry growth. Furthermore, rising consumer awareness of food hygiene and safety is expected to drive demand.

Specialty and High Performance Films Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Specialty and High Performance Films Market Regional Analysis

Asia-Pacific among all the regions dominated the specialty and high performance films market accounting for USD 16.6 billion in 2021. Increased use of flexible and chemically inert component for food & beverage packaging will drive industry growth. Additionally, increasing consumer awareness of food hygiene and safety will drive demand. Furthermore, rapid industrialization in the region, combined with a favorable government scenario, is likely to drive demand. Additionally, rising demand for processed and frozen food is expected to drive market growth over the forecast period.

Specialty and High Performance Films Market Players

The global specialty and high performance films market is characterized by the presence of experienced and established players. Some of the key players include Bayer AG, The Dow Chemical Company, Sealed Air Corporation, E. I. du Pont de Nemours and Company, Bemis Company Inc., Honeywell International, Inc., Evonik Industries, Eastman Chemical Company and The 3M Company.