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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Functional Films Market 2017–2027

Functional films are polymer sheets that are used to improve the properties of the fragile substrate. They are widely used across solar cells and the automotive industry for enhancing the functional properties of the automotive component. These films can be classified into adhesive films, conductive films, optical films, and water-soluble films. In the healthcare industry, functional play a very important role in the development of various high-quality medical products. These films are protective, heat &chemical resistant, transparent, durable, and flexible in nature. Therefore, these films are gaining huge demand across the various end-user industry due to their excellent chemical and physical properties.

The global functional films market is estimated to surpass US$ 37 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.8% during the forecast period (2019 to 2027).

Drivers

Increasing installation of solar panel especially in the U.S country is projected to propel the market growth of the functional film. According to the Solstice, the U.S. had 64.2 GW of installed solar–enough to power 12.3 million American homes by the end of 2018. Solar energy accounts for 1.6% of total U.S. electricity generation. Therefore, the growing solar cell market is projected to propel the growth of the functional film market.

According to the World packaging, the world packaging market amounted to US$851 billion in 2017, an increase of 2.8% compared to 2016 at constant prices, and it is set to reach US$876 billion in 2018, based on the annual growth of 2.9%. The functional films are widely used in the packaging industry due to their various advantages such as lightweight as compared to other packaging materials, abrasion-resistant, durable, and flexible. Hence, the growing packaging industry is augmenting the market growth.

Regionally, Asia-Pacific dominated the global functional films market in 2018, reporting 67% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Functional Films Market, Revenue Share (%), By Region, 2018

Functional Films  | Coherent Market Insights

Fluctuating prices of raw materials to produce functional films are projected to hamper the market growth of the functional film. The volatile prices of raw materials directly impact the supply of the product which affects the manufacturing process or sales of functional films. This is expected to negatively affect the growth of the functional film over the forecast timeframe.

Lack of awareness regarding the benefits of functional film across developing and underdeveloped countries is expected to restraint the market growth over the forecast period. Moreover, the availability of substitutes such as high-performance film is also expected to restraint the market growth of the functional film.

Market Opportunities

The rising production of polymers around the globe is projected to offer numerous growth opportunities to the market of functional films. According to the World plastic production, Plastics production ramped up from 1.5 Million Ton in 1950 to approximately 322 Milion tons in 2015. In 2015 global plastic production grew by 3.4% compared to 2014. Hence, such a rise in plastic production will favor market growth over the forecast period.

Increasing production of consumer electronic especially across the Asia Pacific region is expected to fuel the market growth of the functional film. The functional film is widely used in the manufacturing of smartphones and tablets. According to the Economic Times, the appliances and consumer electronics industry is projected to double to US$ 19.9 billion by 2024-25. The industry had a total market size of US$ 10.3 billion in 2018-19, in which US$ 4.3 billion was contributed from domestic manufacturing.

Figure 2. Global Functional Films Market – Opportunity Analysis

Functional Films  | Coherent Market Insights

Market Trends

The growing trend of flexible display for making the product lightweight, durable, and reducing energy consumption is a major trend that has been observed in the market. For instance, in July 2018, China's Huawei Technologies, the world's third-largest smartphone maker, has announced to roll out the first foldable handset with a flexible screen ahead of its bigger rival Samsung Electronics, according to analysts and industry sources familiar with the matter.

Increasing sales and demand for the electric vehicle due to growing concerns over environmental pollution is expected to propel the market growth of the functional film. According to the data by electric vehicle sales in April 2019, the global EV sales totaled about 2.1 million for 2018, an increase of 64% compared to the total sold in 2017. 2018 EV sales increased by 79% in the U.S., 78% in China, and 34% in Europe as compared to 2017.

Figure 3. Global Functional Films Market, Revenue Share (%), By Product Type, in 2018

Functional Films  | Coherent Market Insights

On the basis of product type, in 2018, optical accounted the largest market share of 44% in terms of revenue, followed by adhesive and conductive, respectively.

Competitive Section

Key players operating in the global functional films market are 3M, Toray Industries, Inc., Nagase & Co. Ltd., Eastman Chemical Company, and Tatsuta Electric Wire & Cable Co., Ltd.

Functional films are the type of films or sheet which are used for increasing the potential of a product by improving the functionality of the substrate. Along with providing the dimensional benefits, these functional films are also compatible with a wide-range of materials and recent modern technologies. In addition to this, they exhibit other benefits, such as lesser energy is required for their processing as well as functional films can also be fabricated to customized composite structures based on the requirement.

Market Dynamics

The global functional films market has witnessed an increase in growth in terms of revenue, in recent past years, owing to the rising growth in demand for functional films in electronics industry across the globe. The steady surge in growth of demand for advanced functional films is majorly driven by the rising adoption of miniaturization of devices and technological advancements in electronics industry. This scenario is anticipated to provide lucrative growth to global functional films market in the forthcoming years.

On the basis of product type, the global functional films market is bifurcated in to conductive, optical, adhesive, and water-soluble. Among regions, Asia-pacific is expected to observe substantial growth in term of revenue, during the forecast period, owing to the steady rise in growth of various end-user industries such as electronics, automotive, pharmaceutical, packaging, construction and energy.

Key features of the study:

  • This report provides in-depth analysis of global functional films market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global functional films market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes 3M, Toray Industries, Inc., Nagase & Co. Ltd., Eastman Chemical Company, and Tatsuta Electric Wire & Cable Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global functional films market report caters to various stakeholders in this industry including investors, suppliers, global functional films manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global functional films market

Detailed Segmentation:

  • Global Functional Films Market, By Product Type:
    • Conductive
    • Optical
    • Adhesive
    • Water-soluble
  • Global Functional Films Market, By Application:
    • Flat Panel Display (FPD)
    • Electronics & Semiconductors
    • Automotive
    • Construction
    • Energy
    • Healthcare & Pharmaceuticals
    • Packaging
  • Global Functional Films Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Canada
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
    • Latin America
      • Brazil
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Argentina
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Mexico
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Rest of Latin America
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
    • Europe
      • France
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Germany
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Italy
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Spain
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • U.K.
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Nordic
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Benelux
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Russia
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Poland
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Rest of Europe
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
    • Asia Pacific
      • China
        • By Product Type
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • India
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Japan
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • ASEAN
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Australia & New Zealand
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Rest of Asia Pacific
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
    • Middle East & Africa
      • GCC
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • South Africa
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
      • Rest of Middle East & Africa
        • By Product Type
          • Conductive
          • Optical
          • Adhesive
          • Water-soluble
        • By Application
          • Flat Panel Display (FPD)
          • Electronics & Semiconductors
          • Automotive
          • Construction
          • Energy
          • Healthcare & Pharmaceuticals
          • Packaging
  • Company Profiles
    • 3M *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Toray Industries, Inc.
    • Nagase & Co. Ltd.
    • Eastman Chemical Company
    • Tatsuta Electric Wire & Cable Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Functional Films Market, By Product Type, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Conductive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Optical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Adhesive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Water-soluble
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
  5. Global Functional Films Market, By Application, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Flat Panel Display (FPD)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Electronics & Semiconductors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Energy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Healthcare & Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
  6. Global Functional Films Market, By Region, 2017- 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • 3M
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Toray Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nagase & Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Eastman Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tatsuta Electric Wire & Cable Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Functional Films Market” – global forecast to 2027

Frequently Asked Questions

The global functional films market is estimated to surpass US$ 37 Billion by the end of 2027, in terms of revenue.
Major players operating in the global functional films market include 3M, Toray Industries, Inc., Nagase & Co. Ltd., Eastman Chemical Company, and Tatsuta Electric Wire & Cable Co., Ltd.
Fluctuating prices of raw materials to produce functional films is one of the major factors that is expected to hamper growth of the market over the forecast period.
Increasing installation of solar panel especially in the U.S. is one of the major factors that is expected to propel growth of the market over the forecast period.
The global functional films market is estimated to exhibit a CAGR of 4.8% during the forecast period (2019-2027).
Among regions, Asia Pacific held a dominant position in the global functional films market in 2018, accounting for 67% market share, in terms of revenue, followed by North America and Europe, respectively.
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