Pune, India -- (SBWIRE) -- 05/24/2018 -- Industrial Films Market – Market Overview
Over the course of past few years, the Global Industrial Films Market has been growing significantly due to the growth in the application industry. The overall application scope of industrial films covers transportation, constr4uctioon, industrial, packaging, agriculture, medical and others. Growth in industrialization has been the crucial factor in the growth of this market. At the same time properties associated with Industrial Films such as excellent heat resistant, tensile strength, along with chemical stability have been establishing the importance of these films in end use application. As per our analysis, packaging industry emerge as dynamic growth driver in this market as a result of suitable properties as well as applications of the Industrial Films in this industry.
Competitive Landscape
The Global Industrial Films Market consists of established chemical industry players which have been driving the growth of this market through product innovation. The market as a whole is represents significant growth due to application scope of the Industrial Films and its consequent demand in respective industries. The major players observed in industrial films markets are DuPont Tenjin Films, SKC CO., Lts, 3M, Toray Industries, Berry Global Inc., Saint Gobain, Eastman Chemical Company, Mitsubishi Chemical Corporation, and RKE SE. The global industry players are adopting production capacity expansion, product innovation, and acquisition as major market strategies to exploit the growth offered by the global market. Industry experts have been expecting the penetration of large number of small scale players in this market to enjoy the profitability. The global market will be having high level of competition from among each other, although, established players will be holding the control of this market.
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Industry news
September 7, 2017 - Jindal polyfilms have expanded their BOPP films production capacity by overall investment of USD 150 million. The Indian based industrial films producer has expanded their production capacity by considering both Indian as well as overseas markets. Being located in Maharashtra, India, Jindal films have increased production capacity of BOPP films by 161,000 tons and the overall capacity has become 572,000 tons after this expansion activity. As per stated by one of the board member of the company, the expansion has been undertaken as part of organizational growth activity driven by the increasing demand from packaging sectors as well as construction industrial growth.
Jun 1, 2016 – Transilwrap Company Inc. completed the acquisition of the Dow Chemical's specialty films business. The U.S. based producer, distributor as well as converter of specialty films has announced the acquisition of the Dow Chemical's specialty films business by eyeing the ongoing growth for these films in healthcare, packaging, point-of care purchase application. The company has been looking to penetrate the specialty films products in abovementioned markets and Dow Chemical's more than 50 years of expertise in specialty films will avail, Transilwrap Company Inc while gauging the industry demand and to cater accordingly. Such collective efforts to cater increased demand for specialty films is expected to offer further growth in industrial films and may develop new product innovation over the forecast period.
August 5, 2016 - British Polythene Industries PLC, was acquired by RPC Group, a foremost supplier as well as producer of polythene films. The company has 19 manufacturing films across the Europe and North America and has proven reputation in polythene films market. Its acquisition expected to help RPC group, creating broad product portfolio and established market supply chain. BPI has a broad product portfolio of customers across the wide range of markets which will enable RPC group while providing the product offering in specific markets. BPI's established market image will be additional benefits for RPC group and likely to enhance their organizational growth.
November 2015 – Indian based bi-axial oriented polypropylene films producer i.e. Cosmo films have expanded their BOPP films production. They have added production of 60,000 tons of BOPP films and overall expansion has totalled at 196,000 tones thereafter. Significant investment has been made to undertake such a large production capacity expansion due to offer additional product offering demanded by end user applications in packaging industry as well as other industries. As per our analysis, the additional production capacity will help Cosmo films to cater increased demand from end use industries.
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