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Functional films market to reach USD 40.28 billion by 2027.

Functional films market size study by Type (Conductive films, Optical films, Adhesive films, Water soluble films), by Applications(Flat Panel Displays (FPD),Electronics and Semiconductor, Automotive, Construction, Energy, Healthcare/Pharmaceutical, Packaging) by End-users (Residential, Commercial, Industrial)and Regional forecasts by 2021-2027.

Product Code: CAMP_97728129
Publish Date: 28-01-2021
Page: 200

Functional films Market is valued approximately USD 31.60 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2021-2027.
Functional films are polymer sheets used to improve the properties of brittle substrates. They are commonly used in solar cells and the automotive industry to improve the functional properties of automotive components. Functionality is very important in the development of various high-quality medical products in the healthcare industry. These films are designed to be protective, heat and chemical resistant, transparent, long-lasting, and flexible. As a result of their excellent chemical and physical properties, these films are in high demand across a wide range of end-user industries The demand for functional film is expected to grow due to rising solar panel installation, especially in the United States. According to the Solstice, the United States had 64.2 GW of solar installed by the end of 2018, enough to fuel 12.3 million American homes. Solar energy accounts for just 1.6 percent of overall power production in the United States. As a result, the functional film market is expected to rise in parallel with the solar cell market. One of the major factors driving the growth of the functional film market is the increasing use of green technology in the manufacturing of functional film. According to the World Packaging Organization, the global packaging industry reached US$851 billion in 2017, up 2.8 percent at constant prices from 2016, and is expected to reach US$876 billion in 2018, based on annual growth of 2.9 percent. Functional films are commonly used in the packaging industry for a variety of reasons, including their light weight relative to other packaging products, abrasion resistance, durability, and flexibility. As a result, the market’s growth is boosted by the rising packaging industry. Lack of awareness about the benefits of functional film in developing and underdeveloped countries is expected to limit market growth during the forecast period. Furthermore, the availability of substitutes such as high-performance film is expected to limit the growth of the functional film market. The increasing use of functional film to protect product quality from moisture, gas barrier, and other factors in industries such as healthcare, homes, automobile, electronics, building, and others is driving up demand for the product.North America, Europe, Asia Pacific, and the Middle East and Africa are some of the main regions in the functional films industry. For many years, North America has been a surprisingly profitable regional market. The high demand for high-end polymer materials, as well as the availability of modern polymer processing technologies, have fueled the development. Europe and Asia are expected to contribute a sizable portion of the functional film market. The prospects are bolstered by extensive research and development efforts to engineer polymers that can meet a diverse range of demands in a variety of end-use industries.
Major market player included in this report are:
LG Chem
Sumitomo Chemical
Nitto Denko Corporation
Samsung SDI
Toray Industries
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Conductive films
Optical films
Adhesive films
Water soluble films
By Applications
Flat Panel Displays (FPD)
Electronics and Semiconductor
By End-users
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Functional films in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Functional Films Market, by Region, 2019-2027 (USD Million)
1.2.2. Functional Films Market, by Type,2019-2027 (USD Million)
1.2.3. Functional Films Market, by Application,2019-2027 (USD Million)
1.2.4. Functional Films Market, by End-user 2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Functional Films Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Functional Films Market Dynamics
3.1. Functional Films Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing installation of solar panel Adoption of green technology Growing packing industry Increasing sales and demand of electric vehicle
3.1.2. Market Challenges Lack of awareness Fluctuation in price
3.1.3. Market Opportunities Increasing production of consumer electronic Rising production of polymers Protect product quality.
Chapter 4. Global Functional Films Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Functional Films Market, by Type
5.1. Market Snapshot
5.2. Global Functional Films Market by Type, Performance – Potential Analysis
5.3. Global Functional Films Market Estimates & Forecasts by Type2018-2027 (USD Million)
5.4. Functional Films Market, Sub Segment Analysis
5.4.1. Conductive Functional films Market
5.4.2. Optical Functional films Market
5.4.3. Adhesive Functional films Market
5.4.4. Water soluble Functional films Market
Chapter 6. Global Functional Films Market, byApplication
6.1. Market Snapshot
6.2. Global Functional Films Market by Application, Performance – Potential Analysis
6.3. Global Functional Films Market Estimates & Forecasts by Application2018-2027 (USD Million)
6.4. Functional Films Market, Sub Segment Analysis
6.4.1. Flat Panel DisplayFunctional Films Market
6.4.2. Electronic and SemiconductorFunctional Films Market
6.4.3. AutomotiveFunctional Films Market
6.4.4. ConstructionFunctional Films Market
6.4.5. Energy Functional Films Market
6.4.6. Healthcare/ Pharmaceutical Functional Films Market
6.4.7. Packaging Functional Films Market
Chapter 7. Global Functional Films Market, by End-user
7.1. Market Snapshot
7.2. Global Functional Films Market by End-user, Performance – Potential Analysis
7.3. Global Functional Films MarketEstimates & Forecasts by End-user2018-2027 (USD Million)
7.4. Functional Films Market, Sub Segment Analysis
7.4.1. Residential Functional Films Market
7.4.2. Commercial Functional Films Market
7.4.3. Industrial Functional Films Market

Chapter 8. Global Functional Films Market, Regional Analysis
8.1. Functional Films Market, Regional Market Snapshot
8.2. North America Functional Films Market
8.2.1. U.S.Functional Films Market Typebreakdown estimates & forecasts, 2018-2027 Applicationbreakdown estimates & forecasts, 2018-2027 End-userbreakdown estimates & forecasts, 2018-2027
8.2.2. CanadaFunctional Films MarketMarket
8.3. Europe Functional Films Market Snapshot
8.3.1. U.K. Functional Films MarketMarket
8.3.2. Germany Functional Films MarketMarket
8.3.3. France Functional Films MarketMarket
8.3.4. Spain Functional Films MarketMarket
8.3.5. Italy Functional Films Market
8.3.6. Rest of EuropeFunctional Films Market
8.4. Asia-PacificFunctional Films Market Snapshot
8.4.1. China Functional Films Market
8.4.2. India Functional Films Market
8.4.3. JapanFunctional Films Market
8.4.4. Australia Functional Films Market
8.4.5. South Korea Functional Films Market
8.4.6. Rest of Asia PacificFunctional Films Market
8.5. Latin America Functional Films Market Snapshot
8.5.1. Brazil Functional Films Market
8.5.2. Mexico Functional Films Market
8.6. Rest of The World Functional Films Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. LG Chem Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Sumitomo Chemical
9.2.3. KangdeXin
9.2.4. Eastman
9.2.5. Nitto Denko Corporation
9.2.6. Samsung SDI
9.2.7. Bayer
9.2.8. Toray Industries
9.2.9. MNTech
9.2.10. CCS
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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