Barrier Films are fastest growing segment fueling the growth of Specialty and High Performance Film Market
The global Specialty and High Performance Film Market is estimated to be valued at US$ 48.1 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Specialty and high performance films provide enhanced properties such as barrier, optical, adhesive, and stability when compared to commodity films. These films find wide applications in end use industries including food & beverage, construction, automotive and aerospace due to their ability to protect products from moisture, oxygen, grease, chemicals and provide electrical insulation. Market Key Trends: One of the key trends in the specialty and high performance film market is growing demand for barrier films. Barrier films help block transmission of gases such as oxygen, moisture, aroma and grease. These films extend the shelf life of products and find increasing usage in food and pharma packagin...