The Industrial Film market encompasses the production and distribution of films tailored for corporate, educational, and promotional purposes. These films are designed to communicate information about products, processes, and services within various industries. They are often used to train employees, showcase manufacturing procedures, and highlight technological advancements. The market has evolved with advancements in digital technology, leading to more cost-effective and versatile production methods. Industrial films play a crucial role in disseminating knowledge and fostering communication within businesses, contributing to effective operations and informed decision-making.
According to Coherent Market Insights, The Industrial Film Market was estimated at US$ 37.26 billion in 2022 and is anticipated to grow at a CAGR of 5.95 % from 2023 to 2030 to reach US$ 59.16 billion.
Major Players in the Industrial Film Industry:
1. Toray Plastics
Toray Plastics, established in 1985 and headquartered in Rhode Island, USA, specializes in innovative industrial films for diverse sectors. Notably, in 2020, it unveiled a PEF Diversion Innovation Centre and introduced Lumirror STM Soft-Touch Matte film. The company emphasizes sustainability, barrier films, specialty films, global reach, technical expertise, and customer-centricity through partnerships and research.
2. 3M Company
3M Company, founded in 1902 and headquartered in Minnesota, USA, specializes in advanced materials and technologies. In the industrial film market, 3M focuses on innovative films with enhanced properties, including their widely recognized 3MTM ScotchliteTM Reflective Material for increased visibility and safety. The company continuously expands its product range, develops adhesive films, emphasizes sustainability, collaborates with partners, and maintains a global presence.
3. DuPont Teijin Films
Established in 1998, DuPont Teijin Films, headquartered in Contern, Luxembourg, specializes in industrial films. In April 2020, they introduced flame-retardant PET polyester films with VTM-0 flame rating. The company focuses on sustainable solutions, advanced materials, collaborations, specialized applications, and innovative coatings to cater to diverse industries globally. Their customer-centric approach and global presence contribute to their success in the industrial film market.
4. Eastman Chemical Company
Established in 1920 and headquartered in Kingsport, Tennessee, USA, Eastman Chemical Company specializes in advanced materials and industrial films. In January 2020, they announced a capacity expansion in Germany and have continuously introduced innovative industrial film products with unique properties. Their advanced performance films cater to various industries focusing on sustainability, partnerships, and a customer-centric approach for tailored solutions.
5. The Chemours Company
The Chemours Company, established in 2015, is headquartered in Wilmington, Delaware, USA. The company specializes in providing a wide range of industrial films and materials. In March 2020, The Chemours inaugurated a new innovation centre to enhance collaboration and efficiency among over 300 researches and scientists, consolidating their U.S. innovation efforts.
6. Solvay Group
Solvay Group, established in 1863 and headquartered in Brussels, Belgium, specializes in advanced materials, including speciality polymers and films for industries like automotive, aerospace, and electronics. It offers innovative industrial films with unique properties for thermal, mechanical, electrical, and chemical resistance. Solvay’s customized film solutions, global presence, and focus on sustainability contribute to its market leadership and industry partnerships.
*Definition- Industrial Film refers to audio-visual productions created for business, educational, or training purposes, often explaining processes, products, or procedures.
