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Textile Films Market Worth $6.2 Billion by 2023 - Exclusive Report by MarketsandMarkets™

 



(PharmaNewsWire.Com, April 26, 2019 ) According to the new market research report "Textile Films Market by Type (Breathable and Non-breathable), By Material (PE, PP, PU, Others), By Application (Hygiene, Medical, Sportswear, Protective Apparel), and Region (North America, APAC, Europe, MEA, and South America)-Forecast to 2023", published by MarketsandMarkets™, the Textile Films Market is projected to grow from USD 4.5 billion in 2018 to USD 6.2 billion by 2023, at a CAGR of 6.6%. The increased demand for hygiene products, growing awareness around feminine and child hygiene, increase in aging population, and R&D in premium hygiene products are driving the textile films market. The increasing demand for protective apparel due to increased construction activities in emerging economies such as China, India, and Brazil is expected to drive the market during the forecast period.

Request for PDF Sample Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249957469

The PE segment is projected to lead the textile films market during the forecast period.

Based on material, the PE segment is projected to lead the textile films market during the forecast period. PE is easily available and has properties such as high crystalline structure, proper density, light weight, and durability, which are responsible for its widespread use in hygiene, sportswear, and medical applications.

Medical application is projected to register the highest CAGR during the forecast period.

Based on application, the medical segment is projected to register the highest CAGR between 2018 and 2023. The use of textile films is increasing as they provide a liquid barrier, but at the same time allow breathability in the apparel. The demand for textile films in medical application is expected to grow in the near future owing to increased demand from hospitals, growing urbanization, new technological innovations, and awareness regarding prevention of infection in healthcare institutions.

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Browse in-depth TOC on "Textile Films Market"
76 – Tables
34 – Figures
122 – Pages

APAC is projected to register the highest CAGR in the textile films market between 2018 and 2023.

The textile films market in APAC has immense growth potential. The increasing demand for hygiene products owing to widespread awareness around proper hygiene and the growing urbanization and industrialization in the region are expected to fuel the demand for textile films during the forecast period. China, India, Japan, Australia, and South Korea are some of the key textile films markets in the region.

Some of the key players in the Textile Films Market are RKW Group (Germany), Covestro (Germany), Berry Global (US), Mitsui Hygiene (Thailand), Arkema (France), SWM International (US), and Toray Industries (Japan). Investment & expansion and merger & acquisition were the major growth strategies adopted by the market players between 2015 and 2018 to enhance their regional footprint and meet the growing demand for textile films in the emerging economies.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


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