Global PET
Film Market is expected to grow at a higher CAGR in the estimated
period. Polyester films are commonly referred as PET or polyethylene
terephthalate which is a thermoplastic polymer and which can be biaxially
oriented or bubble extruded. It is one of the most typical substrates used in
converting industry due to its balancing properties relevant with other
thermoplastic polymers. Particularly, biaxially oriented polyester films is
used for packaging in different forms such as bare films without metalizing,
moisturized films lacquered in distinct colors, bare and metalized polyester
films laminated with several substrates such as LDPE and gauge thickness,
distinct types of glasses and paper board. Aluminum foils which encompass bare
PET films and both bare and metalized polyester films with heat seal lacquer
coatings.
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PET films processing is easy for packaging owing to their unique
and excellent properties in comparison with any other film that provide high
efficiency in lamination process, printing, bag making and automatic packaging.
One of the major applications of PET films is to act as a substrate for
magnetic tape, including computer tape, instrumentation tape, sound tape, video
tape as well as tape in open reels, cartridges and cassettes. Since magnetic
tape substrates have high tensile strength at any dimensions, they can easily
slit, give excellent roll formation and enable low static content. Properties
linked with PET films make it a desirable substrate for industrial tapes. End
use such as industrial strapping and reinforcement tapes, pressure sensitive
electrical and packaging tapes and PET films is extensively used in stationery
applications such as book covers, edge reinforcements, decorative films, and
index tabs.
PET Film Industry is driven by factors such as rising
technological developments. Geographically, the PET Film Market spans North
America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. APAC
market dominates the global scenario in terms of production. Europe and North
America is expected to follow the trend in the predicted period. Middle-East
and African regions are also expected to grow in the predicted period owing to
rising use of PET films for packaging. The key players in the PET Film market
include Mitsubishi, SKC, Sichuan em technology, KOLON Industries, Toray,
Coveme, TOYOBO, Ester, Nan Ya, Jiangsu Shuangxing, DuPont Teijin, Zhejiang
great southeast, Nanjing Lanpucheng, Jiangsu zhongda, Jiangsu yuxing, Shaoxing
Xiangyu, ZheJiang CiFu, Shaoxing Weiming, DuPont Hongji, FFHL, ZiDong, Hefei
Lucky, Tianjing Wanhua, Zhejiang Zhongfa, Yihua Toray and Ningbo Sun plastics.
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