Stratview Research announces the launch of a new research report on High-Performance Thermoplastic Films Market by Material Type (PPS, PAEK, PSU, LCP, PEI, HPPA, and Others), by End-Use Industry Type (Aerospace, Automotive, Electrical & Electronics, Industrial, and Others), by Application Type (Barrier, Safety & Security, Microporous, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s high-performance thermoplastic films market realities and future possibilities for the forecast period of 2020 to 2025. After a continuous interest in our reports on the High-Performance Thermoplastic Composites Market and High-Temperature Composite Resins Market from the industry stakeholders, we have tried to further accentuate our research scope to the high-performance thermoplastic films market in order to provide the most thorough picture of the market. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
High-Performance Thermoplastic Films Market: Highlights
Thermoplastic is a plastic polymer material that is moldable at a certain elevated temperature and solidifies upon cooling. There are three types of thermoplastics that include standard thermoplastics (for continuous use under 100°C), engineering thermoplastics (for continuous use between 100°C-150°C), and high-performance thermoplastics (for continuous use above 150°C). Thin layers of high-performance thermoplastic are called high-performance thermoplastic films. These films can stretch over 200% with extrusion being the major production method. High-performance thermoplastic films offer better temperature stability, chemical resistance, and mechanical properties in comparison to standard and engineering thermoplastic films but at a higher price.
The year 2020 is likely to be burdensome because of the recent outbreak of novel coronavirus (COVID-19), which has already started hampering various industries with a colossal adverse impact on economic growth. All major end-use industries, such as electrical & electronics, automotive, aerospace, and construction, have already started portraying huge shortfalls with many manufacturing facilities being temporarily shut down for an undetermined timeline due to the outbreak of this virus. The high-performance thermoplastic film market is also not untouched with such severity owing to the halt of operations of many manufacturing facilities of the major markets, such as China, the USA, Italy, and France. Currently, the assessment of the real impact of coronavirus on each industry is unpredictable as the disease is continuously spreading and imprinting its dreadful impact on mankind. However, we expect the market to gradually recover in the coming years with long-term market outlook to be favorable.
As per Stratview Research, the high-performance thermoplastic films market remains salubrious with consequential growth opportunities in the long-term scenario. The market is estimated to reach US$ 802.8 million in 2025, expecting a healthy rebound from 2021 onwards after registering a steep fall in 2020. The growing interest towards the use of thermoplastic films on account of their recyclability, trend of miniaturization in the electronics industry, superior injection molding properties assisting in the reduction of part cycle time, and films’ suitability as an insulator in the electrical & electronics industry are some key factors fueling the growth of high-performance thermoplastic films in the major end-use industries. Further, the leading players are also forming long-term contracts in the market to smoothen their supply bottlenecks. For instance, in 2019, Solvay and Safran underwent a long-term agreement for the supply of Halar®, ECTFE high-performance film, for Safran’s LEAP aircraft engine acoustic panels.
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Based on the material type, the market is segmented as PPS, PAEK, PSU, LCP, PEI, HPPA, and others. HPPA is expected to remain the most dominant material type over the next five years. The high share is attributed to the huge demand from the automotive and electrical & electronics end-use industries, owing to properties of HPPA films such as good flexibility, excellent insulation, and superior heat resistance. LCP films also hold a significant share of the market. These films are a preferred choice for flexible electronics applications, such as flexible solar cells and electronic circuit boards for computers as well as mobile phones, owing to their superior electrical characteristics, dimensional stability, low moisture absorption, and excellent heat resistance.
Based on the end-use industry type, electrical & electronics segment is likely to remain the biggest demand generator for high-performance thermoplastic films among automotive, aerospace, electrical & electricals, industrial, and others during the forecast period. High-performance films are preferably used in printed circuit boards as they fulfill key requirements, such as thermal conductivity and low moisture absorption. There is also an urge in the market demand for high-performance films from flexible electronics applications, especially from consumer electronics such as computers and mobile phones.
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In terms of region, Asia-Pacific is projected to remain the largest as well as the fastest-growing region for high-performance thermoplastic films during the forecast period. The high growth is attributed to the growing electrical & electronics industry in the region especially in India and China. The presence of major electronic device manufacturers (Sony, Panasonic, Toshiba, and LG) and growing demand for flexible electronics are substantiating the market growth for high-performance thermoplastic films in the region. Further, there is also a continuous shift of the electronics industry from the developed western economies to the developing Asian economies. The outbreak of COVID 19 in major Asian economies may fade the growth trajectory temporarily, especially in 2020, but the region’s attractiveness among all regions remains ubiquitously in terms of market growth and size.
Key players in the high-performance thermoplastic films market are The 3M Company, Covestro AG, Honeywell International Inc., Evonik Industries AG, Solvay SA, Dow Chemical Company, Toray, E.I. DuPont De Nemours and Company, Eastman Chemical Company, and Sealed Air Corporation.
Some of the Key Merger & Acquisition and Strategic Alliances in the Market: The market’s attractiveness has led to a series of acquisitions of small fishes by the big guns, rolling the market towards greater consolidation.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the high-performance thermoplastic films market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
High-Performance Thermoplastic Films Market, By Material Type:
High-Performance Thermoplastic Films Market, By End-Use Industry Type:
High-Performance Thermoplastic Films Market, By Application Type:
High-Performance Thermoplastic Films Market, By Region:
Stratview Research has several high value market reports in the composites industry. Please refer to the following link to browse through our reports:
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