High-Performance Thermoplastic Films Market - Size, Share, Trends, Forecast and Industry Analysis
The high-performance thermoplastic films market remains salubrious with consequential growth opportunities in the long-term scenario. The market for high-performance thermoplastic films is estimated to reach US$ 802.8 million in 2025, expecting a healthy rebound from 2021 onwards after registering a steep fall in 2020. The growing interest towards the use of thermoplastic films on account of their recyclability, trend of miniaturization in the electronics industry, superior injection molding properties assisting in the reduction of part cycle time, and films’ suitability as an insulator in the electrical & electronics industry are some key factors keep fueling the growth of high-performance thermoplastic films in the major end-use industries. Further, the leading players are also forming long-term contracts in the market to smoothen their supply bottlenecks. For instance, in 2019, Solvay and Safran went under a long-term agreement for the supply of Halar®, ECTFE high-performance film, for Safran’s LEAP aircraft engine acoustic panels.
