The globalPolyester Film marketis expected to reach USD 66.91 Billion by 2030, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of Polyester amongst the end-user industries.
Polyester find widespread application as a lamination substrate, as it offers exceptional durability, oxygen barrier, and heat resistance. Also, when laminated on other specific materials, it provides a robust UV protection and water barrier. Polyester is considered safe for the packaging of food products as compared to other conventional materials. It is less susceptible to contamination, along with pilferage, thereby increasing the shelf-life of food products. Polyester offers an aesthetic appeal to food items and is beneficial for branding purposes. Moreover, films made from PET Film can be recycled and reused.
The application of Polyester in the electrical electronic industry is likely to boost market demand in the upcoming years. Polyester is often used to cover, seal, and insulate delicate, pressure-sensitive underwater cables, microelectronic components, and PCBs (Printed Circuit Board). It is also deployed to cater to a diverse range of thermal, physical, and electrical properties. They shield electronic products by providing exceptional adhesive and dielectric properties, along with excellent water, solvent, and temperature resistance.
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Key participants includeMitsubishi Polyester Inc., Polyplex Corporation, Toyobo Co. Ltd., Kolon Industries, HuanYuan Plastic Film Co. Ltd., Ester Industries Ltd., Sumilon PET Film Ltd., Toray Plastics, Cosmo Films Ltd., and Impak Films USA, among others.
Theglobal materials chemicals industryinvolves the production, distribution, sales, and consumption of industrialchemicals, specialty chemicals, commodity (bulk) chemicals, andraw materialssuch asnatural gas,oil,paper pulp, andmetalsminerals. The growth of the global materials chemicals industryis mainly attributed to fast-paced industrialization and extensive usage of bulk petrochemicals, electronic chemicals, polymers,inorganic chemicals,fertilizers, adhesives, sealants, coatings, and various other products in different industries including oil gas, pharmaceutical, food beverage, cosmetics personal care, textile, manufacturing, petrochemical, and water, and wastewater treatment industries. Technological innovations in the electronics and semiconductor industries, rising demand for nanomaterials, and increasing preferences for environmentally sustainable chemicals and materials are other major factors contributing to the global materials chemicals industrygrowth.
Type Outlook (Revenue, USD Billion; 2019-2030)
- Biaxially Oriented
- Bubble Extruded
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- 15 microns PET Film
- 15-30 microns PET Film
- 30-60 microns PET Film
- 60 microns PET Film
Application Outlook (Revenue, USD Billion; 2019-2030)
- Packaging
- Imaging
- Lamination
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Food and Beverage
- Electrical and Electronics
- Pharmaceutical
- Cosmetics
- Others
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The global PET Film markets are segmented into:
- North America(U.S.A., Canada, Mexico)
- Europe(Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific(China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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