Global High-performance Water Vapor Barrier Films Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High-performance Water Vapor Barrier Films Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Barrier Films Are Generally Based On Plastics, On Which Inorganic Oxides Are Deposited On The Substrate By Magnetron Sputtering, Electron Beam Evaporation, Or Plasma Enhanced Chemical Vapor Deposition To Form A Water Vapor Barrier. High-Performance Water Vapor Barrier Film Refers To A Barrier Film That Has Very Low Permeability To Water And Gas, So As To Effectively Maintain The Original Performance Of The Product And Extend The Life Of The Product.

Market Overview:

The latest research study on the global High-performance Water Vapor Barrier Films market finds that the global High-performance Water Vapor Barrier Films market reached a value of USD 1885.57 million in 2022. It’s expected that the market will achieve USD 3687.44 million by 2028, exhibiting a CAGR of 11.83% during the forecast period.

Epidemic risk

After the outbreak of novel coronavirus, countries around the world issued policies to prevent and control the epidemic according to the national deployment. The epidemic affected a wide range, and the production, operation and consumer markets of various industries were affected. Suppliers, customers and other stakeholders are also affected to varying degrees, which leads to delays in procurement, production and sales, which has a certain impact on the company's operations in the industry. If the novel coronavirus outbreak breaks out again or becomes normal, it will have a certain impact on the overall production and operation of the company and the industry.

Market Drivers

Driven by the strong market demand of food, medicine, electronic devices and photovoltaic cells, packaging film materials continue to develop rapidly, and products have higher requirements for film materials, requiring the use of multifunctional film materials such as high barrier property, freshness, heat resistance and antibacterial property.
High barrier property refers to the low permeability of the package to a certain medium. High barrier film material is a transparent film material with high barrier to oxygen, water vapor, oil and other media, which can be used in many fields such as new display, food and drug packaging, electronic device packaging and so on. Depending on the material composition, high barrier film materials can include multilayer composites of ethylene vinyl alcohol copolymer (EVOH), polyvinylidene chloride (PVDC), polyamine (PA), polyethylene terephthalate (PET) and silicon oxide vapor-deposited films, among which silicon oxide vapor-deposited films have the best barrier performance and the widest high-end application prospect.
Facing the requirements of different industries for oxygen resistance and water resistance of membrane materials, high-performance water vapor barrier films stand out with its excellent barrier performance and become the first choice for packaging products in many industries. The continuous growth of downstream demand has become the main driving force for the development of high-performance water vapor barrier films market.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The High-performance Water Vapor Barrier Films industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Asia Pacific dominated the High-performance Water Vapor Barrier Films market in 2022, with a market share of 63.35%.

Company Overview:

Samsung SDI is one of the major players operating in the High-performance Water Vapor Barrier Films market, holding a share of 37.23% in 2021.

Samsung SDI

Samsung SDI Co., Ltd. is a battery and electronic materials manufacturer. Samsung SDI operates its business with Energy Solutions and Electronic Materials segment. The Energy Solution segment manufactures rechargeable batteries used for IT device, automotive, and Energy Storage System (ESS) applications, and the Electronic Materials segment produces materials for semiconductors and displays.

LG Chem

LG Chem is a globally diversified chemical company which established in petrochemical, advanced materials and bio-technology. LG Chem will lead forward for a better future of our earth and living based on ESG management.

Segmentation Overview:

By type, WVT:＜10^-6g/㎡/day segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Flexible OLED Package, with a market share of 65.94% in 2022.

Key Companies in the global High-performance Water Vapor Barrier Films market covered in Chapter 3:

Fujifilm
BASF(Rolic)
i-Component
UDC (Universal Display Corporation)
Beijing Kangde Xin Composite Material Co Ltd
Kuraray
3M
Mitsui Chemicals
Honeywell
Samsung SDI
Mitsubishi Chemical
Shantou Wanshun New
LG Chem

In Chapter 4 and Chapter 14.2, on the basis of types, the High-performance Water Vapor Barrier Films market from 2018 to 2029 is primarily split into:

WVT:＜10g/㎡/day
WVT:＜0.1g/㎡/day
WVT:＜0.01g/㎡/day
WVT:＜10^-6g/㎡/day

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High-performance Water Vapor Barrier Films market from 2018 to 2029 covers:

Flexible OLED Package
Consumer Electronics Packaging
Household Electric Appliances
Vehicle
Food and Drug Packaging
Photovoltaic Cells
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)