Global specialty & high performance films market is expected to reach USD 44.59 billion by 2020, according to a new study by Grand View Research, Inc. Specialty & high performance films market is expected to be benefited by increasing demand for durable & high tensile packaging materials possessing superior chemical properties. Technology advancement in terms of composite material films development is expected to further augment specialty & high performance films market growth.
Packaging was the largest end-use segment with demand estimated at over 6.20 million tons in 2013 owing to increasing use of films in flexible packaging of food & beverages and consumer goods. Specialty & high performance films are increasingly being used in electronics industry for semiconductor insulation in PV cells. Increasing utility solar PV cells installations as a result of sustainability initiatives by key countries including Germany, Spain and China is expected to fuel specialty & high performance films market growth.
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