- Receive an overview of the U.S. market for high-performance films.
- Receive information on the overall high-performance film resin market estimate.
- Receive information on polyolefin-based high-performance films.
- Receive information on plastic film fabrication technology.
Highlights
- The U.S. high-performance films market reached $1.6 billion in 2013 and is expected to grow to $1.9 billion in 2018, with a compound annual growth rate (CAGR) of 4.5%.
- The polyester market reached $880 million in 2013 and is expected to grow to $1 billion in 2018, with a CAGR of 3.2%.
- The polyolefin based market reached $236 million in 2013 and is expected to grow to $285 million in 2018, with a CAGR of 3.8%.
INTRODUCTION
In the years since World War II, plastics, in their many forms, have become ubiquitous in developed nations, and are increasingly becoming common in the developing parts
of the world as well. The United States was until recently the world's largest producer and user of polymer products. In recent years China, which has become the world's
factory, surpassed North America in plastics production; however, the U.S. remains the largest user of plastics and plastic products. With abundant and cheap natural gas
feedstock from hydraulic fracturing ("fracking") of tight gas shales, large petrochemical and polymer plants are again being built in the Ü.S. Synthetic polymers are made and used in many different forms, from synthetic fibers to extruded and molded products such as films and bottles, to foam mattresses. Often the same polymer can make products with entirely different properties and uses. Polyethylene terephthalate (PET) is a good example; it was first known and used as a synthetic fiber (Dacron and other brands). Later large use was developed for PET as a blow-molded bottle resin for soft drinks and other beverages, and also as a performance film for photographic film and magnetic media.
In this BCC Research report update by a different author, a Ph.D. chemical engineer who did an earlier BCC Research update several years ago, we study one versatile group of polymer products, high-performance plastic films. The noun film is defined in the American Heritage Dictionary as follows: 1. A thin skin or membrane. 2. A thin, opaque, abnormal coating on the cornea of the eye. 3. A thin covering or coating: a film of dust on the piano. 4. A thin, flexible, transparent sheet, as of plastic, used in wrapping or packaging. 5.a. A thin sheet or strip of flexible material, such as a cellulose derivative or a thermoplastic resin, coated with a photosensitive emulsion and used to make
photographic negatives or transparencies. b. A thin sheet or strip of developed photographic negatives or transparencies. 6.a. A movie, especially one recorded on film. b. The presentation of such a work. c. A long, narrative movie. d. Movies collectively, especially when considered as an art form. It can be seen that "film" has several meanings as a noun and even more as a verb. The firms covered in this report are included in definitions 4, 5.a, and 5.b. Although this definition comes from the most recent edition of this dictionary, the inclusion of "cellulose derivative" is now virtually obsolete since cellulose has long been replaced by synthetic polymers.
There is a difference between film and sheet, with films the thinner form. Plastic extrusions have usually been considered to be films up to about 0.25 mm, equivalent to 10 mils or 0.001 inch. Above this thickness a "film" of most materials usually becomes a "sheet." However, as film technology has improved the flexibility of films, some markets define films slightly differently. Now thicknesses up to 0.40 inches (40 mils) may be defined as film by some engineers. Thus, these differential points between film and sheet are not absolute, and engineers can define films in different ways. As discussed in this report, while some greater thicknesses are now considered film instead of sheet, minimum film thicknesses are also trending thinner toward micro thicknesses as new technologies emerge. Many high-temperature films are in the range of 0.001 inches to 0.010 inches (10 to 100 mils). At these thicknesses, a little film resin can go a long way. A note on thickness units: in film technology, both English and metric units are
commonly used. In addition, in the U.S. film thickness is commonly expressed in gauge. In film technology gauge is a measurement of film thickness, where one gauge unity
equals 0.01 mil or about 0.25 micrometer or micron. Perhaps the easiest way to remember the relationship between these units is that 100-gauge film is 1 mil or 25
microns thick. In this report, film gauge will be referred to in the manner that is the standard in the industry under discussion.
High-performance thermoplastic (TP) films, the subject of this study, are playing an increasingly important role as engineers design products in increasingly demanding
environments and demand higher performance from the products they use. Historically, the most important applications for these films were for photographic and reprographic applications, both of which are disappearing from use as digital formats take over these businesses. Fortunately, new applications are constantly being developed to replace those lost to technology. Today, these films may make possible safer and lighter packaging, economic electric vehicles, better liquid crystal displays (LCDs) and the growth of an economically practical photovoltaic (PV) solar power industry. Major polymer and film producing companies are important technology drivers and
invest significant capital in R&D to improve their technologies. Innovations were driven initially by polymer chemistry, but increasingly, they are being driven by improved
fabrication and treatment of films. One example is the complex development of specialty polyolefin films as membrane separators for lithium-ion batteries.
STUDY GOALS AND OBJECTIVES
Goals and objectives of this study include the following:
- Identifying trends affecting high-performance polymer films and their major end-use application markets. For example, the photovoltaic market is one of the fastest-growing markets for high-performance film. Each of the major polymer films or film families is discussed and analyzed in detail. They include polyesters, polyolefin-based film resins, polyamides (nylons), polycarbonates, bioplastics, fluoropolymers, PMMA-type acrylics and polyimides. Newer high-performance film
resins studied include cyclic olefin copolymers (COCs), polyethylene naphthalate (PEN), liquid crystal polymers (LCPs), polysulfones and polyetherimides.
- Reviewing, analyzing and forecasting specific end markets for high-performance films by material types, with sections devoted to each type of high-performance film resin.
This includes both the major resin types and several smaller-volume film materials for which markets were estimated.
- Analyzing and forecasting market developments from the viewpoint of major applications for high-performance films. These include packaging, electrical/electronic,
automotive, release films and photographic/reprographic films.
- Analyzing how structural issues affect the high-performance plastic films industry, such as the roles of film fabricators, converters and distributors; product differentiation and substitution; marketing and pricing; and international aspects of the business.
- Profiling many of the most important suppliers to the high-performance plastic films industry. These include suppliers of plastic resins (many of whom also fabricate films), equipment producers, and specific film converters and distributors.
REASONS FOR DOING THE STUDY
High-performance plastic films have become a large and important niche market in the much larger overall plastic films industry. High-performance films are specialty
products that sell at premium prices because they do jobs that commodity films cannot do. Their use is driven by the specific applications for which they are targeted.
Although the volumes of high-performance films are small when compared to those of commodity films, the dollar value of this market is disproportionately high.
High-performance films, since they are specialty items, command higher prices, higher than commodity films and often several times as high. Markets for high-performance films offer opportunities to create value and move discussions to topics beyond purchase price. Technology advances should help drive technology developments in major areas, including the largest end-use market in packaging. New and better barrier film structures with high-performance films allow longer shelf life and better appearance.
Developments using these films should have some significant effects on our economy and help provide the ability to solve some current problems such as climate change,
where improved performance in applications such as solar cells and fuel cells can help attack global warming, one of the most serious environmental concerns. Similar work is going on in the automotive arena. The ability of engineers to meet design goals for products such as solar cells and/or batteries that power cars will in some major parts depend on development of high-quality performance films. High-performance markets increasingly are becoming those where the major chemical companies want to place their future. This business is also a global one, with many foreign-owned firms active in the U.S. market. Industry leaders have worldwide marketing and manufacturing facilities, often in joint ventures with local companies. The rise of China as a manufacturing behemoth has led to formation of many Chinese-foreign joint ventures.
