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Specialty and High Performance Films Market Present Scenario and Growth Prospects 2019-2024

The demand for the product is primarily driven by robust and high tensile packaging application. Increasing demand for the product in premium food and cosmetics products owing to superior barrier properties is likely to augment growth over the projected period. The Global Specialty and High Performance Films Market is anticipated to reach USD 57.26 billion by 2024, according to a new report by Grand View Research, Inc. Superior flexibility, chemical inertness and light weight offered by the product as compared to its counterparts including metal and glass packaging are expected to provide a competitive advantage in packaging application over the next eight years. Growing demand for the product in automotive applications to protect sunroofs, rear and side windows, windshields and to mask dashboards is expected to drive growth. In addition, the product is used as an insulating material for semiconductors in the electronics industry. High thermal resistivity of product is