High-performance Film (HPF) Market Scope
High-performance Film (HPFs) are thin films made from various polymer resins such as polycarbonate, polyamide, ethylene vinyl alcohol, and polyester. The HPF has significant characteristics such as high wear resistance and abrasion, exhibits high chemical and thermal stability, and excellent mechanical properties for a wide range of temperature. The advancements in the technology, growing demand across various verticals like automotive & transport, electrical & electronics, construction, packaging, and aircraft/aerospace is driving the Global High-Performance film market.
According to AMA, the Global High-performance Film (HPF) market is expected to see growth rate of 7.23%
The Global High-Performance Film is fragmented with several players. The market players are involved in strategic alliances and expansion. In May 2017, Eastman Chemical Company announced to expand its high-performance film manufacturing capacity in Virginia for both paint protection films and window films to be used in automotive and architectural sectors. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global High-performance Film (HPF) market throughout the predicted period.
3M Company (United States), Dow Chemical Company (United States), Solvay S.A. (Belgium), Covestro (Germany), DuPont de Nemours and Company (United States), Evonik (Germany), Honeywell International Inc. (United States) and Eastman Performance Films, LLC. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sealed Air Corporation (United States), American Durafilm (United States), Bemis Company, Inc. (Germany) and Bayer AG (United States).
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 High-performance Film (HPF) market by Type (Barrier Films, Safety & Security Films, Decorative Films, Microporous Films and Others), by Application (Photography, Personal car, Clothing and Office products) and Region with country level break-up.
On the basis of geography, the market of High-performance Film (HPF) 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).
In May 2019, Eastman Performance Films, LLC announced an investment in the leading edge, 3D scanning technology for paint protection film patterns. This next-generation enhancement will transform the process of pattern development at Eastman, realizing previously unattainable levels of speed and accuracy with this innovative technique.
Market Trend
- Rapid Use of High-Performance Films in the Vacuum Packaging, Low-Oxygen, Case-Ready Technologies, and Meat Packaging
Market Drivers
- Commercialization and Development of Water-soluble and Biodegradable Film
- Rising Disposable Income among Middle-class Population
- Increasing Demand for Bioplastic Materials
Opportunities
- Rising Automotive Sector and Food & Beverage Industry
- Commercialization of Biodegradable and Water Soluble Films
Restraints
- Increase in Technical Level of Competency may Hamper the Market Growth
- High Volatility in the Price of Raw Material Like Crude Oil And Naphtha
Challenges
- Cost Requirement Affecting the Price of High-Performance Film
Key Target Audience
High-Performance Film Manufacturers, Industry Associations, Potential Investors, Marketing and Consulting Firms, Government and Regulatory Bodies, High-Performance Film Distributors/Traders/Wholesalers and High-Performance Film Subcomponent Manufacturers