Breathable Films Market– Statistics And Analysis & Forecast To 2025Posted by Mrudula Anil Karmarkar on March 15th, 2021 The global breathable films market size is expected to reach USD 24.3 billion by 2025 expanding at a CAGR of 6.0% over the forecast period, according to a new study by Grand View Research, Inc. It is estimated to be driven by increasing construction spending in Asia Pacific coupled with growth of the overall packaging market. The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor. Breathable films are widely used across key end-use industries, such as hygiene, healthcare, building and construction, industrial apparel, packaging, and sports apparel. Asia Pacific is the fastest-growing region for various end-use industries on account of rising disposable income level of consumers, mainly in emerging economies, such as China and India. Growing construction industry is majorly driving the demand for breathable films in Asia Pacific. Despite economic turmoil in most regions, the economic fundamentals in Asia remain have remained robust. The region in anticipated to witness GDP growth of around 6% per annum through the end of the decade. Asia is expected to be the fastest-growing region in the world by 2020. China is the largest regional market, followed by Japan, India, Korea, and Indonesia. Construction spending is anticipated to grow at rates above average in Bangladesh, China, India, Japan, and Vietnam in the forthcoming years. China, India, and Japan stand out in particular based on the market size, combined with growth prospects. In the long term, both China and India are set to witness high growth in construction spending. Microporous films segment is anticipated to continue holding the largest market share over the forecast period. These films contain one or more layers of polymers without fillers in combination with at least two or more microporous breathable layers. The unfilled layers provide a barrier that can effectively allow moisture vapor to pass but retain fluids and challenge materials. It is bonded with non-woven fabrics to be used as air-permeable materials, such as a dehumidifying agent, desiccant, and freshness preserving agent. It is also used to form the final layer of diapers and disposable pocket warmer packaging and building materials, where it is attached to resinous reinforcement material. Further key findings from the study suggest:
Increasing demand from building and construction industry is prominently fueling the market growth. Breathable films are used for house wraps, wall covering, under-tile roofing, and facades. Breathable films provide extra security against excessive accumulation of moisture, prolongs service life, along with retaining heat. Rising requirement for baby disposables, women’s sanitation products, and adult incontinence products is projected to propel the product demand over the forecast period. A substantial portion of the market revenue is expected to be generated through the non-porous segment and this trend is anticipated to continue in the forthcoming years. Increasing concerns pertaining to hygiene is expected to boost the market growth over the forecast period. Breathable films are widelyused in the hygiene and medical sector for the production of barrier gowns, medical sheets, patient gowns, operating cloth, wound dressing, examination gowns, drapes, under-pads, filtration, operation bed covers, diapers, napkins, wipes, sanitary towels, and incontinence pads. Rising disposable income and healthcare expenditure are anticipated to augment demand for breathable films from 2019 to 2025. Rise in the population of infant and old age population is projected to boost the demand for diapers. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/3101/ibb The market is characterized by the presence of various well-established players, such as Argotec, LLC, Arkema, Clopay Plastics, Fatrs, a.s., and Nitto Denko Corporation. The competitive rivalry is expected to remain high over the upcoming years as the key players are extensively investing in expanding geographical presence. For instance, RKW North America, Inc. strengthened its position in the Southeast Asian market with strategic multi-million Euro investments in technology, infrastructure, and workplace safety. Investments were made in a new printing line for multipack films, expansion of the total building area, and optimization of building technology at the Vietnam facility. RKW has strengthened its expansion in Vietnam, Malaysia, Indonesia, Myanmar, and Laos on the latest production technology for high-quality packaging solutions. Grand View Research has segmented the global breathable films market on the basis of raw material, product, application: Breathable Films Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Breathable Films Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Breathable FilmsApplication Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |