On the basis of polymer type the global market has been segmented into nylon , fluoropolymers , polycarbonate , polyesters , polypropylene , and polyethylene . Polyester film is expected to have the largest share in the market owing to its excellent flexible and thermal properties . Nylon and polycarbonate are expected to be the fastest growing segments in the market . Polycarbonate is a transparent film that can be easily thermoformed and molded . It also provides excellent ink adhesion and is widely being used in graphic , blended and light diffusing films .
Fluoropolymers are expected to have low growth rate over the forecast period due to increasing regulations for halo polymers by environmental protection agency and reach Growing demand for bio based materials is anticipated to producenew dynamic product trends in the future . On the basis of applications , the specialty and high performance films has been segmented into Safety and security , Microporous , Barrier , Decorative . Other niche applications include water soluble , Biodegradable , and light control . Barrier is expected to constitute the highest market share owing to increasing demand for these films in semiconductor insulators and solar PV modules . Growing adoption of renewable forms of energy sources such as solar panels to generate electricity is expected to be the driving factor for the market growth in this segment .
Microporous and decorative films are expected to witness high growth rate over the forecast period owing to growing demand for food processing , interior decoration and long lasting electronics lamination are expected to steer the demand of these films over the forecast period . Increasing investments in research and development coupled with growing adoption of biodegradable plastics is expected to form an opportunity for the market growth in the future .
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On the basis of end use segment , the global market has been segmented into Automobile , Personal care products , Packaging , Electrical & electronic , and Construction . Other segments include shopping bags and Sportswear . Packaging industry has been the largest end use segment accounting over 65 % of the total market share in 2012 . Growing demand for flexible packaging in consumer goods and food industry coupled with consumer awareness for better hygiene products is anticipated to steer the market demand of specialty films .
Electrical and electronic industry is expected to witness significant growth rate owing to growing investments in technical and new electronic devices for high and efficient performance . The growing application of light and safety control films in construction industry is expected to achieve an optimistic outlook on high performance films . Asia Pacific is expected to have the highest share in the global market and is expected to continue its dominance in the next seven years . Increasing manufacturing facilities of automotive industry coupled with growing electronics manufacturing bases is expected to steer the market growth in this region . Favorable