About Functional Film
Functional films are functional sheet material used in various industries like electronics, automotive, construction, packaging, etc compatible with the advanced technology. It can be available in conductive, optical adhesive, and water-soluble types, it provides the functional benefits in the products to be used in different industries. The functional films are compatible with various types of materials like polyester, polycarbonate, polyimide, polyphenylene sulfide, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Hitachi Chemical Co., Ltd. (Japan), Toray Industries, Inc. (Japan), DuPont de Nemours, Inc. (United States), Eastman Chemical Company (United States), Toppan Printing Co., Ltd. (Japan), Covestro AG (Germany), Nippon Paper Industries Co. Ltd. (Japan), SABIC (Saudi Arabia), CCL Industries (Innovia Films) (United Kingdom), JM Holding GmbH & Co. KGaA (Renolit) Germany), Fujifilm Holdings Corporation (Japan), Panac Co.Ltd. (Japan) and TATSUTA Electric Wire & Cable Company Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Film market by Type (Conductive Films, Optical Films, Adhesive Films and Water Soluble Films), Application (Flat Panel Displays (FPD), Semiconductor, Electric Insulation and Others) and Region.
On the basis of geography, the market of Functional Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Electronics will boost the Functional Film market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyester Film will boost the Functional Film market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Functional Film in the Electronics Industry for Insulation
Market Growth Drivers:
Growing Demand for the Films in Various Industries Because of its Functional Benefits and Demand for the Sheets Compatible with Modern Technologies and Types of Materials
Challenges:
Stringent Regulatory Guidelines and Standard Associated with Functional Film
Restraints:
Risk of Adverse Impact of Functional Film on the Environment
Opportunities:
Surging Demand for the Functional Packaging will Boost the Functional Film Market and Growing Technological Advancement in the Functional Film
Market Leaders and their expansionary development strategies
On 20th July 2020, Encore Sustainable BOPP Films Launch from Innovia. Innovia Films is launching a new family of highly functional recyclable BOPP films named Encore, manufactured from renewable non-food based raw materials, helping to reduce the use of fossil-based virgin raw materials.
Key Target Audience
Functional Film Manufacturers, Functional Film International Traders, Functional Film Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.