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U.S. Specialty Films Market Worth $8 Billion & Packaging Drives Industry by 2017 Says New Research Report at ReportsnReports.com
Date:5/23/2013

Dallas, TX (PRWEB) May 23, 2013

US demand for specialty films is expected to grow 5.1 percent annually to $8.0 billion in 2017. Expansion of the market will be fostered by the increasing need for high-performance plastic films that offer such advantages as barrier properties, mechanical strength, and chemical resistance in packaging and construction applications. Additionally, the penetration of specialty films into high-growth market areas such as photovoltaic modules biodegradable products, and pharmaceuticals will bolster demand. The expansion of modified atmosphere packaging and case-ready packaging will fuel further gains, as will improved processing methods in film coating and metallization. However, demand growth will be inhibited by market maturity or weak demand for end-use products in a number of specialty film applications, such as conductive and insulative films in consumer electronics, microporous films for personal care products, and interlayer films for automotive windows.

Barrier films to remain largest product segment

Barrier films will remain the largest segment of the specialty film industry - http://www.reportsnreports.com/reports/248755-specialty-films-to-2012.html, accounting for nearly two-thirds of total demand in 2017. Growth will be driven by the continued expansion of packaging requiring high barrier properties for an array of products. However, the most rapid growth in specialty films will occur in biodegradable and water soluble films, which will see robust gains from a small base. Demand for biodegradable films, which are used to produce compostable packaging and plastic bags, will benefit from environmental concerns and increased commercialization of bio-based polymers. Water soluble film demand will be driven by innovations in medicinal and health products in dissolvable thin film form and increased use of dissolvable laundry bags in hospitals and other health care facilities.

Light control films will exhibit above average growth in demand as a result of the favorable outlook for the building construction and photovoltaic markets. In both new construction and home improvements, the growing demand for more energy efficient buildings will fuel demand for window films designed to block infrared radiation while allowing in visible light. Growth in the photovoltaic market will also benefit light control films used as frontsheets. These films allow for light transmission necessary for solar energy generation, while featuring superior mechanical strength, weatherability, and flexibility. Conductive and insulative films will also be fueled by the growing solar energy market, where they are used for backsheets and encapsulants in photovoltaic modules.

Medical, drug uses to pace dominant packaging market - http://www.reportsnreports.com/tags/packaging-market-research.html

The packaging market will be the leading outlet for specialty films, accounting for more than two-thirds of demand in 2017. Gains will be driven by packaging for medical products and pharmaceuticals needed to care for an aging population as well as by antistatic packaging used to protect electronic components. However, the fastest growth will be in construction applications, as vapor barrier, security, and light control films benefit from the increase in building construction activity. The electronics market will also register above average growth, largely driven by films used in the production of photovoltaic modules.

Company Profiles

Profiles 34 industry players such as Bemis, DuPont, Eastman Chemical and Sealed Air

Buy a copy of report @ http://www.reportsnreports.com/purchase.aspx?name=248755.

Other Reports Available are:

Food Containers to 2017: Rigid and Flexible (http://www.reportsnreports.com/reports/236802-food-containers-to-2017-rigid-and-flexible.html) - Food container demand in the US is expected to approach $28 billion in 2017. Advances will be driven by population and disposable income growth; consumer demand for foods offering a combination of convenience, quality, and value; and trends toward using value added packaging that provides enhanced freshness protection and convenience of use. Unit expansion will be aided by the growing popularity of single serving packaging, such as plastic cups and pouches, in an expanding range of applications. Such formats are increasingly chosen to meet consumer demand for food products offering convenience and portability.

Plastic Film to 2016 (http://www.reportsnreports.com/reports/213300-plastic-film-to-2016.html) - US demand for plastic film is expected to grow 1.9 percent annually to 16 billion pounds in 2016, with a market value of $19 billion. Expansion of the market will be fostered by an acceleration in economic growth and an increase in consumer spending, which will drive demand for film used in diverse applications such as retail sales, manufacturing, and construction. Advances will also be helped by an increase in the use of film in packaging, where it offers advantages in cost, performance, and source reduction over other packaging materials. The versatility of plastic film increasingly allows for the downgauging of packaging, reducing the amount of material needed and lowering production and shipping costs, while maintaining desired characteristics. Although this expands the presence of plastic film in the market, it also reduces the volume of film needed, limiting growth.

Explore more reports on Advanced Materials Market @ http://www.reportsnreports.com/market-research/advanced-material/ and Plastics Market @ http://www.reportsnreports.com/tags/plastics-market-research.html.

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