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.
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.
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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 market 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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