Albany, NY -- (SBWIRE) -- 02/24/2016 -- Specialty and high performance films are thin films made from various polymers, such as polyester, fluoropolymer and polycarbonate. These films are different from conventional films as they exhibit excellent barrier properties, high tensile strength, chemical stability and resistance to heat and impact. Growing packaging industry for food and non-food products is expected to be one of the key factors driving the growth of specialty and high performance films market. In addition, the growing demand for photovoltaic (PV) systems which converts sunlight into usable energy is another key factor affecting the demand for these films. However, volatility in prices of crude oil which consequently affects the prices of its downstream chemicals is expected to hamper the specialty and high performance films market adversely. Development and commercialization of biodegradable and water soluble films is expected to open future markets for specialty and high performance films over the near future.
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