Global PET Film Market is expected to grow at a higher CAGR in the estimated period. Polyester films are commonly referred as PET or polyethylene terephthalate which is a thermoplastic polymer and which can be biaxially oriented or bubble extruded. It is one of the most typical substrates used in converting industry due to its balancing properties relevant with other thermoplastic polymers. Particularly, biaxially oriented polyester films is used for packaging in different forms such as bare films without metalizing, moisturized films lacquered in distinct colors, bare and metalized polyester films laminated with several substrates such as LDPE and gauge thickness, distinct types of glasses and paper board. Aluminum foils that encompass bare PET films and both bare and metalized polyester films with heat seal lacquer coatings.
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Film Market Report at : https://www.millioninsights.com/industry-reports/polyethylene-terephthalate-pet-film-market
PET films processing is easy for
packaging owing to their unique and excellent properties in comparison with any
other film that provide high efficiency in lamination process, printing, bag
making and automatic packaging. One of the major applications of PET films is
to act as a substrate for magnetic tape, including computer tape,
instrumentation tape, sound tape, video tape as well as tape in open reels,
cartridges and cassettes. Since magnetic tape substrates have high tensile
strength at any dimensions, they can easily slit, give excellent roll formation
and enable low static content.
Properties linked with PET films
make it a desirable substrate for industrial tapes. End use such as industrial
strapping and reinforcement tapes, pressure sensitive electrical and packaging
tapes and PET films is extensively used in stationery applications such as book
covers, edge reinforcements, decorative films, and index tabs.
PET Film market is driven by
factors such as rising technological developments. Geographically, the PET Film
Market spans North America, Latin America, Europe, Middle East, Asia-Pacific
and Africa. APAC market dominates the global scenario in terms of production.
Europe and North America is expected to follow the trend in the predicted
period. Middle East and African regions are also expected to grow in the
predicted period owing to rising use of PET films for packaging.
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The key players in the PET Film
market include Mitsubishi, SKC, Sichuan em technology, KOLON Industries, Toray,
Coveme, TOYOBO, Ester, Nan Ya, Jiangsu Shuangxing, DuPont Teijin, Zhejiang
great southeast, Nanjing Lanpucheng, Jiangsu zhongda, Jiangsu yuxing, Shaoxing
Xiangyu, ZheJiang CiFu, Shaoxing Weiming, DuPont Hongji, FFHL, ZiDong, Hefei
Lucky, Tianjing Wanhua, Zhejiang Zhongfa, Yihua Toray and Ningbo Sun plastics.
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