Adhesive Film Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Others), By Technology (Water-Based, Solvent-Based, Others), By Application (Tapes, Labels, Graphics, Others), By End Use (Packaging, Aerospace, Electronics, Others), By Region and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAdhesive Film Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Others), By Technology (Water-Based, Solvent-Based, Others), By Application (Tapes, Labels, Graphics, Others), By End Use (Packaging, Aerospace, Electronics, Others), By Region and Competition 2018-2028
In 2022, Australia revenue in the Electronics segment is projected to reach USD 6.06 Billion.
Global Adhesive Film market is expected to expand during the projected period due to increasing demand from electronic sector as it provide excellent bonding performance and superior impact resistance to various products. Film adhesives are solid sheets of thermoplastic or partially cured (B-staged) thermosetting polymers that can be cut to size and are generally used to attach large-area components, substrates, and lids. These days, it is impossible to conceive lighting applications without adhesive films since they are essential to production and assembly operations. LED light strips are widely used for domestic, professional, and industrial market use.
For instance, Adezif produce Adezif PE100 adhesive polyethylene protective film for construction industry & public work industry such as protection of rough surfaces cement, concrete, and bricks, protection of manhole covers.
Increasing demand from the Electronics sector
Adhesive films are use in consumer electronics sector where they provide excellent bonding performance and superior impact resistance to various products such as bonding internal and external components, electronic corrosion prevention, surface protection, decorative trim and logo mounting, internal insulation, high temperature resistant masking, thermal management, and prevention from dirt and debris resulting in the growth of market.
For instance, Henkel Adhesives Technologies produces the adhesive film for consumer electronics used in various products such as smartphone, tablets, smart watches, storage and graphics chips and smart home appliances.
Additionally, in the automobile industry, adhesive films like tapes and protective films are frequently used to facilitate joining processes and protect several vehicle elements, including door panels, roofs, seats, dashboards, and external bodywork components.
For instance, according to data from the European Automobile Manufacturers Association, the percentage of hybrid electric vehicles sold in 2020 was 11.9%, up from 5.7% in 2019.
Furthermore, for instance, according to data from the India Brand Equity Foundation, India's car sector grew to become the fifth largest in 2020, with 3.49 million units sold across the commercial and passenger vehicle segments.
Adhesive films are lightweight and flexible, which makes them an ideal choice for various applications where weight and flexibility are critical factors. As the growing demand for lightweight and fuel-efficient vehicles increases the demand of adhesive film for various purposes such as sealing, laminating, and bonding.
The widespread need for vehicles will increase the use of adhesive films, which will fuel market expansion over the projected period.
Download Free Sample Report Aerospace Vertical will Continue to Boost Revenue
For instance, Henkel Adhesives Technologies produce high-reliability film adhesive solutions for aerospace electronics in planes, helicopters, and unmanned aerial vehicles (UAVs) including engines, turbines, sensors, guidance systems, and navigation systems.
High Demand for Tapes By The Medical Industry
Film adhesive is widely used in the medical industry in ultrasound and mammography equipment, x-ray and blood monitoring equipment, PET/CT and MRI scanners, and bone densitometers. Adhesives films are also used in the wound care solution such as Medical adhesive tape, or surgical tape, is used to attach bandages, gauze, and other dressings to the skin around wounds, along with this providing patients with packaged food requires sturdy packaging, which calls for a productive adhesive film industry.
For instance, The Strouse Corporation produce medical adhesive tape such as micropore paper tape and transpore polyethylene tape for urgent need, zinc oxide tape and durable cloth tape for athletics.
Additionally, the packaging industry has the high demand of adhesive film this is due to increasing demand from food packaging and e-commerce industry. Primarily, fruits & vegetables such as apples, oranges, strawberries, tomatoes, as well as eggs are packaged using the adequate packaging material for both imports and exports. It aids in controlling fruit respiration and maintaining ethylene density, which slows down the ripening process. Consequently, this contributes higher shelf life to fruits and vegetables.
For instance,
Furthermore, increasing trend of e-commerce increases the growth of safe and secure packaging. As the supply of different products from the source to the consumer end require special type of packaging which help to protect product from damage. Along with this, the demands of adhesives for tamper-resistant seals and return ready packaging in the e-commerce industry increases. Thus, use of polymer-based packaging material increases which result in increasing demand of adhesive film.
For instance, Bostik produce Kizen and TLH 9100 E used as smart adhesives for e-commerce packaging.
All these factors led to the growth of Global Adhesive market in the upcoming years.
However, many polymeric material are used in the production of adhesive film such as polyethylene, polypropylene, and polyvinyl chloride and these are petroleum-based material whose prices are fluctuating due to the volatility in petroleum prices, as a result, the manufacturers of adhesive films face difficulties in maintaining the stability of their product prices, which can ultimately affect their profitability and implementation of stringent regulatory policies on volatile organic compounds (VOC) are limiting the market growth. Also, high manufacturing cost and an increase in the complexity of film production on account of the customization of the product is estimated to sluggish growth. Moreover, found at of alternative substitutes which are new and advanced materials, such as nanomaterials, graphene, and carbon fiber, the demand for traditional adhesive films may decrease. Along with this, the rising trend of sustainable and eco-friendly products can also impact the growth of the adhesive film market, as consumers prefer products that have minimal environmental impact.
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In addition, the transportation of adhesive films requires special handling and packaging, and any mishandling during transportation can damage the products, affecting their quality and performance. Furthermore, the growing trend of just-in-time manufacturing and supply chain management practices can also create challenges, as manufacturers must ensure timely delivery of their products to meet the demand of their customers restraint the growth of the market.
Recent Developments
- In May 2022,
Avery Dennison Corporation expanded its manufacturing capacity to cater to the
growing demand for its label and packaging materials in Europe by investing USD
15.84 Million.
- In April 2021,
Hexis SAS, the French manufacturer of adhesive films for computer-assisted
cutting or large-format digital printing, acquired Seyffer CCW AG in Birr, a
Swiss company specialized in the distribution of large-format digital printers
and consumable supplies.
- RPC Group Plc was purchased by Berry Global for USD 6.5 billion in July 2019. Berry Global became one of the biggest plastic packaging firms and a top supplier of value-added protective solutions after the purchase.
- In April 2018, Tesa’s subsidiary plant Sparta LLC completed the expansion of its production plant with an investment of USD 20 million and started production of strapping tapes and acrylic adhesives to strengthen its position in North America.
Market Segmentation
Global Adhesive Film Market
Market Players
3M Co., Henkel AG & Co KGaA, HB Fuller Co., Bostik SA, Nan Pao Resins Chemical Co Ltd., Dymax Corp., Hitachi Chemical India Pvt Ltd., Ecoplast Ltd., Adhesive Films, Inc., Cosmo Films Inc. are some of the key players of Global Adhesive Film Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Material Technology Application End Use |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States; Mexico; Canada; France; Germany; United
Kingdom; Italy; Spain; China; India; South Korea; Japan; Indonesia; Australia;
Brazil; Argentina; South Africa; Saudi Arabia; UAE; Qatar |
|
Key companies profiled |
3M Co., Henkel
AG & Co KGaA, HB Fuller Co., Bostik SA, Nan Pao Resins Chemical Co Ltd.,
Dymax Corp., Hitachi Chemical India Pvt Ltd., Ecoplast
Ltd., Adhesive Films, Inc., Cosmo Films Inc. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore
purchase options |
|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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