High Performance Films Market Size Poised to Exceed Revenue of Usd 54 Billion by 2024

High Performance Films Market size poised to exceed revenue of USD 54 billion by 2024; according to a new research report by Global Market Insights, Inc.

Packaging industry growth owing to electronics, pharmaceuticals, and retail sector expansion should favor high performance films market size growth. Durability, flexibility and chemical resistance are key features making the product ideal for packaging industry.

Growing consumer demand for fast food, ready to eat meals, and frozen food due to change in lifestyle and eating habits are factors which should drive specialty & high performance films demand. Moreover, easy handling and various size availability makes the product ideal for tetra packaging beverages.

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North America barrier films market size valued at over USD 4.3 billion in 2015, with Canada and U.S. being major contributors due to food & beverages industry expansion. Moreover, growing barrier films demand in solar PV cells and semiconductors manufacturing due to UV and moisture resistance properties may drive regional growth.

Fluoropolymer films demand should witness highest gains, growing at over 7%. Exhibiting good thermal and corrosion resistance, high mechanical toughness to material and low friction properties makes the product suitable for automotive, construction, electronics, and aerospace applications.

Europe, driven by UK and Germany high performance films market size, has observed notable growth in packaging application. Europe packaging films market size may exceed USD 11 billion valuation by 2024 with 6.3% CAGR. Polyester films market size in Latin America witnessed significant growth with automotive and construction industry expansion in Brazil being driving factors.

Polyester, nylon, polycarbonate and fluoropolymer are the key materials used to make the final product and their prices are related to crude...