Hydrolysis Stable Polyester Films Market: An Overview
Polyester films are produced from polyethylene terephthalate resins and are also known as Polyethylene Terephthalate (PET) films. Hydrolysis is a phenomenon of the chemical breakdown of a compound upon contact with water. In polyester films, the water breaks down the polyester into alcohol and acid groups. Hydrolysis stable polyester films are a type of polyester films that do not chemically break down when they come in contact with water. Hydrolysis stable polyester films are essential to prevent the packaged product against hydrolysis. Hydrolysis stable polyester films can be used as outer as well as an inner layers in packaging material. Hydrolysis stable polyester films are preferred due to their high barrier properties, high tensile strength and easy printability. The easy printability provided by hydrolysis stable polyester films makes them an ideal tool for advertisement for manufacturers. Moreover, hydrolysis stable polyester films provide excellent properties in high-humidity and high-temperature conditions. Hydrolysis stable polyester films, because of their enhanced properties, are also used to laminate photovoltaic or solar cells. Hydrolysis stable polyester films are used in multi-layers for various packaging and industrial purposes.
Hydrolysis Stable Polyester Films Market: Dynamics
The hydrolysis stable polyester films market is expected to witness significant growth owing to the increased demand for water-resistant packaging in the packaging industry. The growth of the packaging industry is expected to fuel the growth of the hydrolysis stable polyester films market. The need for better-packaged products is also expected to contribute to the growth of the hydrolysis stable polyester films market. The growth of end-user industries such as food and beverages is expected to boost the global hydrolysis stable polyester films market. Moreover, the increased penetration of e-commerce is expected to drive the hydrolysis stable polyester films market.
However, problems associated with the biodegradation of hydrolysis stable polyester films is one of the factors restraining the growth of the global hydrolysis stable polyester films market because of the growing regulations and concerns regarding the usage of environmentally friendly plastic. Some of the key players in the global hydrolysis stable polyester films market are relying on acquisitions to increase their market share. For instance, in 2018, Mitsubishi Chemical Holdings Limited completed the acquisition of ABC Plastindo and Piper Plastics, Inc.
Hydrolysis Stable Polyester Films Market: Segmentation
Globally, the hydrolysis stable polyester films market is segmented on the basis of product application type, thickness, packaging type and end-use industry. It is further segmented as follows:
On the basis of product application type, the global hydrolysis stable polyester films market is segmented as:
On the basis of thickness, the global hydrolysis stable polyester films market is segmented as:
- Less than 50 micron
- 50- 100 micron
- 100-200 micron
- 200 micron and above
On the basis of packaging type, the global hydrolysis stable polyester films market is segmented as:
- Multilayer films
On the basis of end-use industry, the global hydrolysis stable polyester films market is segmented as:
- Food & Beverages
- Building and Construction
- Electrical & Electronics
- House Care
- Personal Care & Cosmetics
Hydrolysis Stable Polyester Films Market: Key players
Some of the key players operating in the global hydrolysis stable polyester films market are –
- Mitsubishi Chemical Holdings Corporation
- Toray Industries, Inc.
- SKC Inc.
- Grafix Gmbh
- Dupont-Teijin Films
- Ester Industries Limited
- Flexfilm Limited
- Innovia Films Limited
- Primex Plastics corp.
- Jindal Poly Films Limited
Several small and unrecognized players are expected to contribute to the global hydrolysis stable polyester films market during forecast period.
Hydrolysis Stable Polyester Films Market: Regional outlook
Asia Pacific is projected to register the maximum CAGR in the hydrolysis stable polyester films market owing to the presence of fast-growing economies such as China and India in the region. The higher demand for packaging material for food & beverages in the region is also expected to bolster the growth of the hydrolysis stable polyester films market. North America is expected to witness growth in the hydrolysis stable polyester films market because of the presence of key packaging companies in the region. However, Europe is expected to witness lower growth in the hydrolysis stable polyester films market as compared to other regions because of the maturity of the end-user industries in the region. The Middle East & Africa is expected to create a lower incremental opportunity because of the lower penetration of the hydrolysis stable polyester films market in the region.
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