Chemical Industry Updates

Functional films are advanced material used to offer enhanced properties to surfaces, such as barrier properties to moisture, chemicals, and gases. These films are used across various end-use industries such as automotive, electronics, packaging, and construction sector. Functional films provide protection from scratches, moisture, and other external damages to devices. These films are commonly used in display devices, automotive interiors/exteriors, semiconductors, and solar panels. The global Functional Films Market is estimated to be valued at US$ 9.02 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The wide acceptance of functional films in automotive and electronic applications is the key factor driving the growth of the market. These films are extensively used in automotive to protect displays, control panels, and exterior/interior surfaces of vehi

  The global functional films market is estimated to be valued at US$ 9.02 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Functional films are thin polymer films that impart special functional properties such as barrier, optical, thermal and electrical properties. They are used in various applications such as packaging, automotive, electrical & electronics and construction industries. Functional films increase durability and shelf life of products while reducing product weight. Market key trends: Growing demand for barrier films from food and pharmaceutical packaging industries is a major trend in the functional films market. Barrier films help protect contents from factors such as moisture, oxygen, grease, light and other substances, thereby increasing product shelf life. They are increasingly being used to package food products and medications where ext