HOME Research Insight DuPont Teijin Films (U.S.), Saint-Gobain (France), and 3M (U.S.) are the Major Players in the Industrial Films Market.

DuPont Teijin Films (U.S.), Saint-Gobain (France), and 3M (U.S.) are the Major Players in the Industrial Films Market.

The industrial films market is projected to reach 157.36 Billion square meters by 2022, at a CAGR of 4.0% from 2017 to 2022, in terms volume. The industrial films market is growing at a moderate rate across the globe. DuPont Teijin Films (U.S.), Saint-Gobain (France), 3M (U.S.), Berry Global Group (U.S.), and Mitsubishi Chemical Holdings Corporation (Japan), among others, are the key players operating in the industrial films market. These key players have adopted the strategies of expansions, new product launches, and mergers & acquisitions to strengthen their positions in the industrial films market. The years 2016 and 2017 witnessed a large number of expansions and mergers & acquisitions by the top players in the market. Expansions and new product launches form a vital part of the growth strategies of the key players that have led to enhancement of their product portfolios and increase in their shares in the emerging markets.

DuPont Teijin Films (U.S.), Saint-Gobain (France), and 3M (U.S.) are the major players in the industrial films market. DuPont Teijin Films (U.S.) leads the industrial films market across the globe with its extensive product portfolio. Saint-Gobain (France) focuses on inorganic growth strategies to enhance its business of performance plastics and augment its market presence in the European region. 3M (U.S.) focuses on the enhancement of its product portfolio to meet requirements of its customers, thereby staying competitive in the industrial films market.

DuPont Teijin Films (U.S.) focuses on expanding its presence in the industrial films market through collaborations and new product launches. In May 2017, the company entered into a collaboration with SBE Inc. (U.S.) to offer high-density and high-temperature capacitor solutions by using PEN HV film provided by DuPont Teijin Films. During the same period, the company launched Mylar AOH, which is a polyester film to be used in electrical insulation applications. In 2016, it introduced UV stable polyester films named MELINEX TCHUV films. The constant adoption of these strategic initiatives by DuPont Teijin Films has contributed to increase in its market shares and enhancement of its product portfolio.

Saint-Gobain (France) is a diversified company providing a wide range of window films, paint protection films, and specialty films. It serves various industries such as automotive, electrical & electronics, and energy, among others. In the past few years, the company adopted the strategy of mergers & acquisitions to enhance its plastics business and expand its market presence. In 2016, the company acquired h-old s.p.a. (Italy) to enhance its performance plastics business.

The major market players have adopted various diversified strategies to increase their reach to the developed and emerging economies. The Asia Pacific region is projected to be the largest market for industrial films. The growth of the Asia Pacific industrial films market can be attributed to the favoring government initiatives, growing end-use industries, and increasing use of agricultural films in the region.

Related Reports:

Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-use Industry (Transportation, Construction, Industrial Packaging, Agriculture, Medical), Region - Global Forecast to 2022

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