The global Industrial Film Market is estimated to be valued at US$ 39.48 Bn or in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial films are made from various polymers and are used to protect surfaces, prevent corrosion, provide safety, and increase durability in various end-use industries such as transportation, construction, electronics, and others. Some key properties of industrial films include chemical resistance, flexibility, durability, and strength. With growing industrialization worldwide, there is increasing demand for these films from various manufacturing sectors.
Market key trends:
One of the key trends in the industrial film market is the rising usage of biodegradable and sustainable films. Strict environmental regulations regarding disposal of conventional plastic films is driving many manufacturers to develop bio-based alternatives. Some major players have launched industrial films made from polymers such as Polyethylene Furanoate (PEF), bio-PET, and polyhydroxyalkanoates (PHA) to capitalize on this opportunity. Adoption of recycled films is another trend gaining foothold in the market. With the circular economy gaining traction globally, the use of recycled resins in film manufacturing is expected to grow considerably over the coming years.
Porter’s Analysis
Threat of new entrants: New entrants face high threat in Industrial Film market due to huge capital investment required for entering into manufacturing and supply chain of industrial films. Bargaining power of buyers: Buyers have moderate to high bargaining power due to availability of various options and supplier flexibility in terms of quality and price. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternate raw materials suppliers and substitutes. Threat of new substitutes: Threat of substitutes is moderate to high in long run due to development of new innovative materials and changing buyer preferences. Competitive rivalry: High as major players in the market operate at global level.
Key Takeaways
The Global Industrial Film Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period of 2023 to 2030, due to increasing industrialization and urbanization in emerging economies.
The Asia Pacific region dominated the global industrial film market with a share of around 40% in 2023, due to rapid industrialization and presence of key manufacturing bases in countries like China and India. North America and Europe are also expected to register significant growth owing to presence of major end-use industries in these regions.
Key players operating in the industrial Film market are Toray Plastics, 3M Company, Dupont Teijin Films, Eastman Chemical Company, SKC Co. Ltd., Solvay Group, Kolon Industries, The Chemours Company, Jindal Polyfilms, Polyplex, and Cosmo Films Limited. Majority of key players are focusing on new product launches, mergers & acquisitions, and capacity expansion strategies to gain competitive advantage in the market.
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Abstract: Industrial X-ray Film Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Industrial X-ray Film industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Industrial X-ray Film manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/1988/global-industrial-xray-film-2018-164 Company Segments Of Industrial X-ray Film:- Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The compnaies include: Agfa-Gevaert Group, Fujifilm, Carestream Health, QUAM, Ashland, Foma Bohemia, Tianjin Lofty sense, Shanghai ShenBei photosensitive, China Lucky Film, et al.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company.
Through the statistical analysis, the report depicts the global and Chinese total market of Industrial X-ray Film industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
Get the Complete Report @ https://www.24chemicalresearch.com/reports/1988/global-industrial-xray-film-2018-164The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
