The global demand for specialty and high performance films was 8.3 million tons in 2012, and is expected to reach 12.2 million tons by 2019 – growing at a CAGR of 5.7%. This comes from a new report published by Transparency Market Research.

In terms of revenue, the market was valued at USD 27.42 billion in 2012 and is expected to be USD 42.21 billion in 2019, growing at a CAGR of 6.4% from 2013 to 2019.

The demand for specialty and high performance films is substantial in packaging, due to the materials’ excellent barrier properties, high tensile strength and chemical resistance. The growth of the packaging industry, particularly flexible packaging industry is expected to drive the demand for these films.

In addition, usage of these films in semiconductors which are used in photovoltaic (PV) systems and the growing number of installations of PV systems is further expected to fuel the demand for these films.

Specialty and high performance films are made of polymers such as polyester, fluoropolymer and polycarbonate among others. Volatility in the prices of crude oil, which consequently affects the prices of its downstream products, is expected to restrain the demand for specialty and high performance films. Development and commercialization of bio-degradable and water soluble films is expected to open new opportunities for this market as there is a growing demand for eco-friendly products.

This information is from this report, published by Transparency Market Research:

“Specialty and High Performance Films (Polyester, Nylon, Fluoropolymer, Polycarbonate and Others)Marketfor Barrier, Safety, Decorative, Microporous and Other Applications in Packaging, Personal Care, Automotive and Construction-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019 “.