Overview:

The global functional films market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Functional films or sheet are widely used in packaging, electronics, automobiles, energy and life sciences in order to increase the product potential. These films are applied in the product substrate that improves the functionality of product. Functional films are conductive, adhesive, optical, and water soluble and have additional properties such as less energy in processing and easily fabricated to complex structure.

Market Dynamics:

Flourishing consumer electronics sector in developing countries, rising demand for smart wearable devices is major factor expected to support the growth of target market. In addition, major players approach towards business presence improvement and the profit ratio enhancement is another factor expected to impact growth of the target market positively.

However, fluctuation in raw material prices is a key factor expected to hamper the growth of global market. In addition, stringent government regulations related to product approval is another factor expected to challenge growth of the global functional films market.

Key Trends:

Rising demand for eco-friendly films and growing demand for flexible films is a key trend supporting growth of the global market. In addition, growing merger and acquisition activities among key players is another key trend resulting in overall market growth. For instance, in 2016, Nitto Denko Corporation acquired Nolax Holding A.G. business of functional films, which are used in automotive side curtain airbags.

Regional Analysis:

For detailed understanding of market dynamics, the global functional films market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is expected to hold significant revenue share owing to rising demand from automotive and semiconductor sector. In addition, rising penetration of electric vehicles and adoption of films for automotive side curtain airbags is expected to support the growth of regional market. Rising solar project and solar panel installations in countries in the North America and Europe regions is expected to drive functional films market growth in the these region.

Scope of the Report:

Detailed Segmentation:

Global Functional Films Market, By Product Type:

• Conductive Films
• Optical Films
• Adhesive Films
• Water-soluble Films

Global Functional Films Market, By Application:

• Flat Panel Display (FPD)
• Electronics & Semiconductor
• Automotive
• Construction
• Energy
• Healthcare/Pharmaceutical
• Packaging

Key Players Covered:

Key players operating in the functional films market includes, LG Chem Ltd., Sumitomo Chemical Co., Ltd., Beijing Kangde Xin Composite Material Co., Ltd., Eastman Chemical Company, Nitto Denko Corporation, Samsung SDI, Bayer AG, Toray Industries Inc., SKC, Sekisui Chemical, Toppan Printing Co., Ltd., 3M Co., and Honeywell International Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Functional Films Market by product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global functional films market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.