Global Breathable Films & Membranes Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The breathable films and membranes market is expected to register a CAGR of approximately 7.4%, during the forecasted period, 2018-2023. The market is driven by many factors, such as rising demand of hygiene products, in addition to, increasing demand in construction sector in European countries in response to growing regulations for energy minimization.
Rising Demand of Hygiene Products
Breathable films are majorly used in hygiene products, like baby diapers and other female products. The growing demand for these disposable hygienic products in Asia-Pacific countries, like China, India, etc. has been the major factors for the market growth. These countries’ governments have taken initiatives to promote sanitary products in poor areas. According to BCH (Indian Non-Woven Industry Association) the sanitary penetration rate has increased by 24% from 2014. In India, the high end hospitals have started to provide infant diapers from 2014.
“Construction” the Fastest Growing Segment
Based on application, construction is expected to be the fastest growing segment. Growing regulations on minimizing the energy consumption in European economies have motivated the development of energy efficient construction techniques which is increasing the demand in pitched roofs.
Asia-Pacific – the Region, which is Holding the Largest Market Share
Asia Pacific is the largest market for breathable films & membranes products with a share of greater than 30%. This is in response to increasing demand for premium hygiene products in developing countries, like India and China. In India, factors, such as improvement of the literacy rates, enhancing consumer’s safety, along with sanitary consciousness, plus improving rural area conditions have created opportunities for expansion of hygiene products. In addition, the government is striving hard to improve living standards in rural areas.
Major Players: Arkema, Clopay Plastic Products, Fatra, Mitsui Chemicals, and RKW, among others.
Reason to Purchase this Report
To understand the impact of growing demand for hygiene products on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating type and application in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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