According to a report ,” Breathable Film Market Analysis By Raw Material (Polyester, Polyethylene, Polypropylene), By Product (Microporous, Microvoid, Non-Porous), By Application (Hygiene, Healthcare, Building & Construction, Industrial Protective Apparels, Packaging, Sports Apparels) And Segment Forecasts To 2024″ published by Grand View Research, Inc., The global breathable film market is expected to reach USD 22.83 billion by 2024 . The growing demand for breathable films in the packaging, healthcare, hygiene, and apparel industry is anticipated to drive market demand over the coming years.
Key Takeaways from the report:
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The global breathable film market demand was 5.48 million tons in 2015 and is expected to reach 8.92 million tons by 2024, growing at a CAGR of 5.6% from 2016 to 2024
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Polyester dominated the breathable film market in 2015 accounting for around 33% of the global market demand in the raw material segment. It is also expected to witness the highest growth of 6.0% over the forecast period.
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Non-porous films were the leading product segment and accounted for over 70% of global demand in 2015. Increasing penetration for healthcare and food packaging application is expected to drive this segment over the forecast period.
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The packaging segment occupied the largest share in 2015, on account of growing demand for breathable films in the convenience food, confectionery & bakery products, meat, and processed food market.
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Asia Pacific is anticipated to witness a significant growth over the forecast period on account of the growing building & construction and manufacturing sector
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The increasing demand for protective apparel in the medical and industrial sector of North America and Europe is anticipated to boost future market growth in this region.
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Major companies identified in the market include Argotec LLC., Arkema, Clopay Plastics, Fatra, a.s., Kimberley-Clark, and Nitto Denko Corporation among others.
U.S. Breathable Film Market revenue by raw material, 2014 – 2024 (USD Million)
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The market exhibits the presence of a large number of substitutes, including living roofs, restoration coatings, and solar and SPF roofs. These materials have better performance characteristics as compared to common roofing materials available in the market. However, high maintenance and installation cost are expected to limit their growth, resulting in moderate threat of substitutes.
The industry is characterized by high brand loyalty, coupled with established long-term relationships between customers and manufacturers. Major market players are focusing on enhancing their brand reputation by offering a wide range of products with better quality standards as compared to competitors.
Grand View Research has segmented the global roofing materials market on the basis of product, application, and region:
Roofing Materials Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 – 2025)
- Asphalt Shingles
- Concrete & Clay Tile
- Metal Roofs
- Elastomers & Plastic
- Others
Roofing Materials Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 – 2025)
- Residential
- Non-Residential
Roofing Materials Regional Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 – 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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