Polyester Film Market Segmentation:
Type Segment Analysis
Biaxially Oriented segment is projected to account for around 38% polyester film market share by 2035. The segment growth can be connected to the wide applications of biaxially oriented polyester film due to its unique attributes such as favorable barrier to water vapor, different surface textures, dimensional stability, and high resistance to oil, grease, pollution, harmful chemicals, and recyclability. The biaxially oriented polyester film is the ideal choice for packaging when transporting goods due to their ability to keep the product secure, and resistant to elements. It’s also extensively used in printing, laminations, electrical appliances, adhesives, wrapping, and others. The primacy of this particular segment of polyester film is due to the fact that much lesser material is required to produce it, thereby leading to lesser wastage. Many innovations are still underway to produce even thinner films, all while preserving the distinguishable properties of the biaxially oriented polyester film. The low density of 900 kg/m3 with a width of 12–25 μm, allows its application even as a battery separator.
Product Segment Analysis
By 2035, <50 microns segment is expected to capture over 30% polyester film market share. The factors responsible for the growth of this segment are the high mechanical strength and elasticity. It also offers a greater operation temperature, upwards of 100°C, and offers top-notch dimensional stability. It is extensively used in lamination processes, providing stiffness, and adequate adhesion. These films are also utilized in electrical device production, with the support of the high stability of their loss tangent, and the dielectric constant over a broad frequency range. Polyester film is the most used substructure for apparel.
Application Segment Analysis
The pharmaceuticals segment in the polyester film market is estimated to gain the largest revenue share of 29% by the end of 2035. The segment growth can be credited to the uniform surface attributes, and opacity or transparency that is vital in the packaging of the medicines. The non-reactibility of the polyester films with the chemical components of the medicines makes them appropriate for use in the pharmaceutical industry. Additionally, they are also used in medical labeling, plastic face shields, and medical adhesives. The importance of polyester films has been underscored By the National Center for Biotechnology Information, which notes that 25-50% of polyester films are utilized in medical packaging as of 2022.
Our in-depth analysis of the polyester film market includes the following segments
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