In a recent study from The Freedonia Group Inc. (Cleveland, OH), the industry market research firm forecasted U.S. demand for specialty films to rise 4.8% annually totaling $8.4 billion by 2019. Spurring this growth is the increased need for high value, technologically advanced materials that provide characteristics, such as barrier properties, controlled permeability, light control, and electrical conductivity or resistivity.
According to the report, barrier films accounted for 65% of specialty films demand in 2014. Through 2019, developments will be driven by growing barrier requirements in the packaging industry to better protect food, pharmaceuticals and other products. “The most rapid gains, however, will be found in biodegradable and water soluble films, as improved technology and consumer acceptance allow these films to penetrate new applications. Above average growth is also forecast for light control and safety and security films, fueled by a strong improvement in building construction activity,” according to analyst Kent Furst.