Global Industrial Films Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Industrial Films Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Industrial films are a type of adhesive film that are used in many different industries. Industrial films are made from a number of different types of adhesive, and they can be used to adhere paper, plastic, metal, and other materials together.

Market Overview:

The latest research study on the global Industrial Films market finds that the global Industrial Films market reached a value of USD 43513.82 million in 2023. It’s expected that the market will achieve USD 95448.41 million by 2029, exhibiting a CAGR of 13.99% during the forecast period.

Industrial films are widely used

Industrial films are films used in a variety of industrial applications with an extremely wide range of downstream applications, from construction applications to consumer electronics. According to the classification, industrial films mainly include dielectric/capacitor films, co-extruded plastic sheets, thermoforming liners, and cast extruded films. Due to high insulation resistance and excellent reliability, film capacitors exist in a variety of circuits such as motors, inverters, and on-board chargers (OBC), and are used in household appliances, on-board electronic equipment, industrial equipment, and power electronic equipment. With the expanding demand for inverters used in environment-related equipment such as electric vehicles/hybrid electric vehicles, solar/wind power systems and so on, the need for long-term use and high safety applications will drive the development of the film capacitor industry. Multi-layer co-extruded film is a functional composite plastic film, which can give full play to the advantages of different plastic materials, with good barrier property, good heat sealing, strong adhesion, good anti-fog, high strength, strong puncture resistance and other characteristics, mainly used in medicine, food, cosmetics, daily chemical supplies, agriculture and so on. For example, in the field of agriculture, multi-layer co-extruded films can be used for agricultural film covering to control soil moisture and temperature. Thermoforming liner has a wide range of applicable materials, flexible processing applications, high production efficiency, and is increasingly used in packaging, household appliances, automotive parts, building products and chemical containers. Due to lightweight and energy-saving requirements, thermoformed liner is also in growing demand in the automotive industry, such as automotive floor MATS, engine heat shield surface protectors, etc. Cast extruded film is a flexible packaging solution, such as film for transport vehicles. Therefore, the industrial film has a wide range of uses and a wide variety of applications, making its application market very large, and the industry is developing rapidly.

Region Overview:

China is projected to account for a considerable share of the Industrial Films market and is expected to become the largest region by 2028.

Company Overview:

Toray is one of the major players operating in the Industrial Films market, holding a share of 29.25% in 2023.

Toray Group combines nanotechnology with its core technologies of organic synthetic chemistry, polymer chemistry and biotechnology, based on which it globally develops the Foundation Businesses of fibers & textiles and plastics & chemicals as well as businesses such as IT-related products, carbon fiber composite materials, pharmaceuticals & medical products, environment & engineering including water treatment.

Segmentation Overview:

By type, Cast Extruded Films segment accounted for the largest share of market in 2022.
Dielectric/Capacitor Films Film capacitor and power film capacitor are a kind of insulating plastic film as a dielectric.
Coextruded Plastic Sheets Coextruded multi-layer film is produced by a compound molding technique that simultaneously extrudes thermoplastic resin with multiple extruders and passes that through a single die to build up layers of melted resin both on the inside and outside of a film. It can be used as a solar cell backplane, building cladding, agricultural film, packaging industry, etc.
Thermoformed Liners Thermoforming liner is a film produced by thermoforming technology, which is mainly used in packaging, household appliances, automotive parts, building products and chemical containers.
Cast Extruded Films Cast film extrusion is the process of melting plastic resins and wounding them into rolls. The product of the cast film extrusion process is plastic films with a vast range of colors, finishes, and printing. It is ideal for producing food packaging and technical, stretch, and bubble film (PE, PET, PP, PVB, PS...).

Application Overview:

By application, the Packing segment occupied the biggest share from 2018 to 2022.

Industrial films can be used in packaging, white goods, consumer electronics, tires, electric vehicles, solar and wind energy systems, and more. In the field of packaging, industrial film has many characteristics such as transparency, fit and easy to apply to many surfaces, and can be used for flexible packaging in many industries such as medicine, food and pallets; In the white goods sector, thermoformed liners can be used in refrigerators. Lining, shell, etc., of white goods such as washing machines; In the field of consumer electronics, thermoformed liners can be used to manufacture enclosures for electronic appliances; In tire applications, embossed film can be used to manufacture tires, in addition to ordinary film can also manufacture conveyor belts; In the field of electric vehicles, solar and wind energy systems, thin film capacitors manufactured by dielectric films are present in several key components such as inverters and motors of these products. In addition, industrial films can also be used in other fields, including agriculture, automotive decoration, construction, printing and so on.

Key Companies in the global Industrial Films market covered in Chapter 3:

Mondi
Shin-Etsu Chemical
3M
DuPont Teijin Films
RKW
XPRO India Ltd
Sumitomo Bakelite Co., Ltd.
Tervakoski Film
BC Jindal
Mitsubishi Chemical Holdings Corporation
Berry Global
Ulfex
Bollore Group
Toray

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Films market from 2019 to 2030 is primarily split into:

Dielectric/Capacitor Films
Coextruded Plastic Sheets
Thermoformed Liners
Cast Extruded Films
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Films market from 2019 to 2030 covers:

Packing
White Goods
Consumer Electronics
Tyre
Electric Vehicle
Solar & Wind Energy Systems
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)