PUBLISHER: The Business Research Company | PRODUCT CODE: 1425870
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425870
Textile Films Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on textile films market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for textile films? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The textile films market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Textile films refer to material films comprised of polymers and advanced composites, offering mechanical properties such as strength and flexibility. These films are specifically designed to impart comfort-related attributes like water resistance, breathability, and lightweight characteristics. They play a pivotal role in enhancing the comfort and functionality of textiles to meet the diverse requirements across industries such as packaging, medical, and technical clothing.
The primary types of textile films include breathable films and non-breathable films. Breathable films, widely utilized in various applications, are polymer-based films that aid in moisture regulation, commonly found in products like diapers and feminine hygiene items. Textile films utilize materials such as polyethylene (PE), polypropylene (PP), polyurethane (PU), and other similar substances, applied across a spectrum of industries including hygiene, medical, sportswear, protective apparel, and other related applications.
The textile films market research report is one of a series of new reports from The Business Research Company that provides textile films market statistics, including textile films industry global market size, regional shares, competitors with a textile films market share, detailed textile films market segments, market trends and opportunities, and any further data you may need to thrive in the textile films industry. This textile films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The textile films market size has grown strongly in recent years. It will grow from $5.78 billion in 2023 to $6.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to various factors, including the increasing demand for protective clothing, growth within the healthcare sector, the implementation of environmental regulations, and the overall expansion of the textile industry. These elements collectively contributed to the growth and development of textile films during that period.
The textile films market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for sustainable materials, rising healthcare sector demands, expanding applications within the automotive industry, heightened usage in health and hygiene products, and the adoption of functional textiles across various industries. Major trends expected in the forecast period encompass advancements in advanced manufacturing techniques, developments in healthcare and medical textiles, enhancements in packaging materials, integration of consumer electronics and technology, innovations in energy-efficient construction materials, the evolution of weather-resistant materials, and advancements in sports and outdoor gear. These trends collectively contribute to the anticipated growth and diversification within the textile films industry.
The dynamic growth of the urban population is anticipated to be a key driver for the textile film market. Urbanization, characterized by the migration of populations to urban areas, brings about positive effects such as economic development, increased access to education and employment, and an enhanced quality of life. These factors contribute to a higher disposable income, fostering a preference for high-quality textiles and driving the development of innovative textile films and techniques. The World Bank estimates that the urban population in South Asia will increase by 250 million by 2030. Additionally, according to a report by PricewaterhouseCoopers (PwC), urbanization is projected to represent 60% of the global population by 2030. This rapid urbanization trend is expected to significantly boost the demand for textile films in the market.
The surge in construction activities is poised to fuel the growth of the textile films market. Textile films find extensive applications in various construction aspects, including architectural membranes, roofing systems, facades, and interior design. Their lightweight properties, coupled with attributes such as energy efficiency, sustainability, and versatility, make them ideal for diverse construction applications. The growing demand for innovative and technologically advanced solutions in smart building technologies, coupled with the global emphasis on infrastructure development, is driving the adoption of textile films in the construction industry. A report by Oxford Economics reveals that global construction production, valued at $10.7 trillion in 2020, is projected to increase by 42%, reaching $15.2 trillion between 2020 and 2030. This surge in construction activities is a significant factor propelling the growth of the textile films market.
Key players in the textile films market are leveraging new technologies to maintain their market position. In April 2023, Justrite, a US-based industrial safety solutions provider, introduced the PetroPad Smart Polymer Spill Pad designed to absorb and permanently solidify hydrocarbons like oil, diesel, and gas. The geotextile fabric of the PetroPad incorporates a unique polymer technology capable of transforming hazardous hydrocarbons into a rubber-like substance. This innovative spill-control technology offers increased oil capacity, reduces waste disposal costs, and eliminates the risk of environmental disasters, reinforcing the commitment to sustainability and technological advancement in the textile films market.
Prominent players in the textile films market are actively pursuing the development of new materials with enhanced wash durability as a strategic approach to gain a competitive advantage. In a notable move in October 2022, 3M, a US-based conglomerate company, introduced the next generation of Industrial Wash Reflective Transfer Films. Specifically designed for high-performance safety garments, the 9725 and 9745 films offer unparalleled wash durability, boasting lifespans of up to 75 and 100 industrial wash cycles, respectively. Tailored for diverse industries, including manufacturing and utilities, these films significantly enhance wearer visibility in low-light conditions. The innovation not only prioritizes performance but also aligns with sustainability goals, as evidenced by their Oeko-Tex Standard 100 certification. Emphasizing durability, brightness, and disinfectant washability, these films represent a substantial leap forward in the realm of safety wear for industrial settings.
In a strategic move in May 2022, Bemis Associates Inc., a US-based plastic fabrication company, completed the acquisition of Protechnic for an undisclosed amount. This acquisition positions Bemis to develop new and innovative items on a global scale, particularly in key regions such as the United States, Europe, and Asia. Protechnic, based in France, specializes in the manufacturing of adhesives and plastic printed films. This strategic acquisition enhances Bemis's capabilities and market presence, enabling the company to offer a broader range of solutions to meet evolving industry demands.
Major companies operating in the textile films market report are RKW Group, Covestro AG, Berry Global Group Inc., Mitsui Hygiene Materials Co Ltd., Schweitzer-Mauduit International Inc., Toray Industries Inc., Jindal Poly Films Ltd., Chirpal Poly Film Ltd., Arkema S.A, American Polyfilm Inc., Dongying Gaolart Import & Export Co, Fatra A.S., Trioplast Industrier AB, Cosmo First Limited, Nahar Poly Films Limited, 3M Company, AEP Industries Inc., Amcor Limited, Avery Dennison Corporation, Bemis Company Inc., Bonset America Corporation, CCL Industries Inc., DuPont de Nemours Inc., DSM Engineering Plastics Inc., Eastman Chemical Company, ExxonMobil Chemical Company, Flex Films Inc., Formosa Plastics Corporation, Futamura Chemical Co. Ltd., Garware Polyester Ltd., GBC Industrial Tools S.p.A.
Asia-Pacific was the largest region in the textile films market in 2023. The regions covered in the textile films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the textile films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The textile films market consists of sales of acrylics, nylon, and urethane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.