The global textile films market is forecast to reach USD 8,518.1 Million by 2028, according to a new report by Reports and Data. The market growth is attributed to a combination of various market factors.
One of the mentionable factors in this regards are changing preference among end-users and raising awareness & demand for eco-friendly products. This changing preference among end-users have increased the demand for Polyurethane (PU) based films which are sustainable, eco-friendly, and it is considered to be a low-VOC material. These films also give the scope of laminating and bonding different textiles. For this purpose, hot melt adhesive films are highly preferred among manufacturers. Thus, with the help of these films, multi-layer home textiles can be produced. These films also enable the users to apply iron-on labels to clothes. Some of its other advantages are effective detergent resistance, easy processability, and high resistance to oils, grease, and fuels. The scope of customization of textile coatings, improving the durability of textile and imbibing hand feel to the product are also contributing to the growth of the market. In addition to the mentioned factors, rising investment in the sports sector, continuous expansion of the technical textile market in regions like North America, and a stable and protective market in the US are also supporting the expansion of the market.
In context to region, North America occupies a prominent market position. The market share held by this region is the resultant of its strong technical textile market, continuous expansion of its sports and construction industry, which are increasing the demand for textile films in North America.
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Market Dynamics:
The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Textile Films market is projected to register robust revenue CAGR during the forecast period between 2024 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
The report offers in depth insight about prominent players in the market, their market position, global and financial standing, license agreement, brand promotions and product portfolio. The global Textile Films market is highly competitive and consist of various key players at global and regional levels. These players are adopting various strategies like joint ventures, collaborations, partnerships, and new product launches to strengthen their market position.
Leading companies operating in the market and profiled in the report include: Schweitzer-Mauduit International, Berry Global, Mitsui Hygiene Materials (Thailand) Co., Ltd., RKW Group, Toray Industries, Covestro, American Polyfilm, Inc., Arkema SA, Trioplast Industrier AB, Fatra A.S.
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Textile Films Market Segmentation:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Non-Breathable Films
- Breathable Films
Availability Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- White Textile film
- Textile Gold
- Textile Silver
Raw Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Polypropylene (PP)
- Polyethylene (PE)
- Polyurethane (PU)
- Others
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Medical
- Hygiene
- Protective Apparel
- Sportswear
- Others
Rapid adoption of digital technologies to improve efficiency and production, prioritization of environment sustainability, enhancement of global supply chain, and rising import/export of chemicals and materials have significantly contributed to the revenue growth of the market. Increasing demand for personal care and consumer products such as soaps and other materials, growing focus on the production of petrochemicals, increasing capital expenditures, and rising emphasis on decarbonization have further fueled the revenue growth of the materials and chemicals industry.
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The Textile Films market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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