Thermoplastic Films Market Scope
Thermoplastic films are plastic polymer material that becomes mouldable at a certain temperature and back in solid-state while cooling. Thermoplastic can be reshaped by various processing techniques such as injection molding, compression molding, calendaring, and extrusion. A decorative thermoplastic film is a thin laminate film having a clear or colored pattern that can be applied on the exterior or interior surfaces of materials. These films are produced from thermoplastic materials such as Poly Vinyl Chloride, Polyethylene terephthalate (PET) and Polypropylene through processes such as calendaring and extrusion. Thermoplastic films are used in wooden substrates such as windows, doors, and furniture. The increasing demand in the automotive industry leads to the growth in thermoplastic films.
According to AMA, the Global Thermoplastic Films market is expected to see growth rate of 5.86%Global Thermoplastic Films is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that North America and Asia Pacific Vendors will contribute to the maximum growth of Global Thermoplastic Films market throughout the predicted period.
The 3M Company (United States), Wiman Corporation (United States), Swasan Chemicals Private Limited (India), SWM International (United States), Petro Extrusion Technology (United States), Avery Dennison Corporation (United States), AVI Global Plast Pvt. Ltd. (United States), Nihon Matai Co. Ltd. (Japan), Ergis Chemicals company (Poland), Covestro AG (Germany), Mondoplastico S.p.A. (Italy), Permali Gloucester Ltd (United Kingdom), Nippon Polyurethane Industry Co., Ltd. (Tokyo) and The Lubrizol Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Thermoplastic Films market by Type (Thermoplastic Polyurethane (TPU), Polycarbonate (PC), PETG/Copolyester, Acrylic (PMMA), Rigid and flexible PVC and Ethylene Vinyl Acetate (EVA)), by Application (Automotive, Energy, Building & Construction, Furniture, Aerospace, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Thermoplastic Films 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).
Market Leaders and their expansionary development strategies
In 2021, Avery Dennison Corporation acquired the business of Ohio-based ACPO Ltd. The acquisition of ACPO will further strengthen Avery's leadership in core label materials segments.
In 2021, SWM International acquired Scapa Group Plc. The acquisition adds to SWM’s already extensive portfolio of precision-engineered performance materials, significantly expands the Company’s innovation, design, and formulation capabilities, and brings a variety of new coating and converting technologies.
Market Trend
- The Use of Biodegradable Thermoplastic Films in Food Packaging Are Increasing
Market Drivers
- The Rising Demand in Automotive Industry
- The Growing Use of Thermoplastic Films Replacing Metal and Plastics in Aerospace Industry
Opportunities
- Use of Thermoplastic Polyurethanes Films Are Rapidly Increasing In Sports Industry As They Help In Making Waterproof Gloves and Costumes
Restraints
- Biodegradable Thermoplastic Films Are Breakable As Compare to Synthetic Thermoplastic Films
Challenges
- Thermoplastic Film May Melt In Exposure to Direct Sunlight for a Large Period of Time
Key Target Audience
New Entrants/Investors, Thermoplastic Films Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of thermoplastic films, Government Regulatory and Research Organizations and End Use Industry