Industrial Films Market by Film Type, End-use Industry, Region - Global Forecast to 2022
NEW YORK, Oct. 16, 2017 /PRNewswire/ --
The rising demand for industrial films from emerging economies and their increasing use in various applications are the factors driving the growth of the industrial films market across the globe.
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The industrial films market is projected to grow from USD 45.43 billion in 2017 to USD 55.73 billion by 2022, at a CAGR of 4.2% from 2017 to 2022. The growth of the industrial films market across the globe can be attributed to the increasing demand for bi-axially oriented films, coupled with their rising use in various end-use industries such as agriculture, transportation, and construction, among others. However, strict implementation of various environmental regulations across the globe is expected to inhibit the growth of the industrial films market.
The agriculture end-use industry segment of the industrial films market is projected to grow at the highest CAGR from 2017 to 2022, in terms of both vale and volume.
Based on end-use industry, the industrial films market has been segmented into transportation, agriculture, construction, industrial packaging, medical, and others. The agriculture end-use industry segment of the market is projected to grow at the highest CAGR during the forecast period, owing to the increased need for both, preserving the quality of agriculture produce and improving crop yields by using industrial films. Growing demand for food and decreasing arable land across the globe have led to increased use of industrial films in the agriculture end-use industry for constructing greenhouses, silage, mulch and tunnels, among others.
"The Asia-Pacific industrial films market is projected to grow at the highest CAGR between 2017 and 2022 in terms of both value and volume."
Rapid industrialization and growth of various end-use industries in the Asia-Pacific region due to foreign investments are the factors driving the demand for industrial films in the region. Economic contraction and saturation in the North American and European markets have resulted in shifting of manufacturing units of various companies to the Asia-Pacific region, which, in turn, has fueled the demand for industrial films in the region. The emergence of China as a global manufacturing hub has resulted in increased demand for industrial films from the country. Moreover, infrastructure developments taking place in countries such as India and Thailand, among others, favoring government initiatives, and rising demand for increasing agriculture produce are further fueling the demand for the industrial films, thereby leading to the growth of the Asia-Pacific industrial films market.
In the process of determining and verifying the market size gathered through secondary research for different segments of the industrial films market, extensive primary interviews have been conducted. The break-up of profiles of primary participants has been given as follows:
? By Company Type: Tier 1 - 50%, Tier 2 - 35%, and Tier 3 - 15%
? By Designation: C Level - 25%, Director Level - 35%, and Others - 40%
? By Region: Asia-Pacific - 40%, North America - 20%, Europe - 20%, Middle East & Africa - 10%, and South America - 10%
The key players profiled in the report include DuPont Teijin Films (U.S.), Saint-Gobain (France), 3M (U.S.), RKW SE (Germany), Berry Global Group (U.S.), Toray (Japan), SKC Co., Ltd. (South Korea), Mitsubishi Chemical Holdings Corporation (Japan), DuPont (U.S.), and Eastman (U.S.), among others.
Study Coverage:
This report segments the industrial films market based on film type, end-use industry, and region. The major film types covered in the report are 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. Based on end-use industry, the market has been classified into transportation, construction, agriculture, industrial packaging, medical, and others. The industrial films market has been studied for Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Reasons to Buy This Report:
This research report on the industrial films market is focused on various levels of analyses?industry analysis (industry trends), market strategies analysis of top players, Porter's five forces analysis, company profiles, and competitive benchmarking. These insights together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the industrial films market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
? Market Penetration: Comprehensive information on industrial films offered by the top players in the global market
? Market Development: Comprehensive information about lucrative emerging markets ? the report analyzes the markets for industrial films across different regions
? Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the industrial films market
? Competitive Assessment: In-depth assessment of the market strategies, products, and recent developments of the leading players in the industrial films market
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