Over 50% of film capacitors made using BOPP

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USA, Rockville MD, June 21, 2022 (GLOBE NEWSWIRE) — According to industry analysis by Fact.MR, a market research and competitive intelligence provider, the global metallized films market is expected to enjoy a valuation of US$2.44 billion in 2022 and continue to grow at a CAGR of 4.3% to reach US$3.72 billion by the end of 2032.

Flexible electronics enable the development of lighter, thinner and more conformable technologies. Flexible electronic components, such as organic electroluminescent gadgets and organic thin-film solar cells, are becoming increasingly popular due to their design adaptability and portability. These electrical devices contain reactive metals that are sensitive to water vapour. These devices must be well protected/handled against water vapor to avoid damage due to reaction with it. Thus, in the electronics sector, metallized films are increasingly popular.

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BOPP metallized films are used to make more than half of all film capacitors because they have high electrostatic capacitance, low dissipation factor, high dielectric constant, and low self-heating characteristics. Due to its growing uses in many businesses such as energy and electrical, consumer electronics, automotive, locomotives and others, metallized BOPP films used in capacitors present considerable potential growth opportunities. .

Will India’s e-commerce sectors influence the demand for metallized films?

“High sales of metallized films due to strong demand from food retail and grocery businesses for packaging

According to the Indian Institute of Packaging (IIP), the use of packaging in the country has increased by around 200% over the past ten years. It went from 4.3 to 8.6 kg per inhabitant.

Following the introduction of food and grocery delivery apps such as Swiggy, InstaMart and BigBasket, brick-and-mortar businesses such as Big Bazaar and DMart have launched their sites online, resulting in a shift in consumer shopping habits.

After the outbreak of COVID-19, the metallized film market witnessed an increase in sales through online channels. Consumers can get meals and products delivered hassle-free through online channels, while maintaining social distancing.

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Key segments covered by the Metallic foils Industry survey

  • Metallised Films Market by Metal:
  • Metallised Films Market by Type:
    • Polypropylene
    • Polyethylene terephthalate
    • Other types
  • Metallised Films Market by End Use:
    • Packaging
    • Decorative
    • Other end uses

Future strategy

Leading metallized film suppliers are focusing on collaborations and partnerships to increase their sales growth potential. Major companies are also focusing on introducing new technologies to produce lighter and more durable metallized films.

  • In September 2020, a new BOPP-based transparent thermal lamination antimicrobial film was developed by Cosmo Films. Antimicrobial technology is used in this film to tackle the global problem of bacterial pathogens on packaged goods.

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The key players in the Metallic foils Market

  • Cosmo Films Ltd.
  • Sierra Coating Technologies LLC
  • Avery Dennison Corp.
  • Accrued Plastic Ltd.
  • Invico AG
  • Taghleef Industries Group
  • Innovia Films Ltd.
  • Jindal Poly Films Limited
  • Dunmore Company

Main takeaways from Metallic foils Market research

  • The global metallized film market is expected to reach a valuation of US$3.72 billion by 2032.
  • The North America market is expected to grow at a CAGR of 3.8% during the forecast period.
  • Currently, the APAC market represents 27.2% of the global market.
  • The demand for metallic aluminum in metallized films is expected to grow at a CAGR of 4.5% from 2022 to 2032.

Fact.MR’s expertise in the field Chemistry and Materials Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the chemicals and materials division in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

Check out Fact.MR’s coverage on the Chemicals and Materials Domain-

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