According to Stratistics MRC, the Global Specialty Films market is estimated at $25.5 billion in 2015 and is poised to reach $38.3 billion by 2022, growing at a CAGR of 5.96% during the forecast period. Growing significance of bio-based polymers and financial growth of BRIC countries are some of the factors driving the specialty films market. Huge demand is anticipated for Specialty films used in photovoltaic modules in the near future. Use of ecological specialty films to decrease environmental pollution is a major opportunity for the global specialty films market. High demand for packaged food and beverages in the developing economies is an additional factor driving the market growth. Environmental concerns associated to plastic based specialty are hampering the market.
Barrier films will remain the leading segment of the specialty films industry, accounting for more than half of total demand in 2012. North America and Europe have been the key markets for specialty films in both consumption as well as production. South America, Eastern Europe and Asia-Pacific have quicker growth and are anticipated to be the prevailing markets in terms of price competitiveness and incessant growth.
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Some of the key players in the market include 3M Company, Bayer Material Science Functional Films, Dow Specialty Packaging & Films, Creative Film Corp., Evonik, Bemis, Honeywell International Specialty Films, Eastman Kodak, Clopay Plastic Products, Biaxis Oy Ltd., American Durafilm Co., Ensinger/Penn Fibre, Altuglas International and Extrusion Dies Industries.
o Moisture barrier films
o Oxygen and other gas barrier films
Light control films
Imaging and graphic films
Food contact films
Safety and security films
o Surface protection films
o Pressure-sensitive security labels
o Interlayer films
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Polyvinyl Chloride (PVC)
Ethylene vinyl alcohol film (EVOH)
Liquid crystal polymer film (LCP)
Polystyrene film (PS)
Polyvinyl alcohol film (PVOH)
Polyvinylidene chloride film (PVdC)
Polychlorotrifluoro ethylene film (PCTFE)
Polyvinyl Butyral film (PVB)
Ethylene Vinyl Acetate film (EVA)
Cyclic Olefin Copolymer film (COC)
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