North America Melt Film for Lightweight Fiber Composites Market Size By Product(Polypropylene (Synthetic), Polyethylene (Synthetic) and Biodegradable (Natural)), By Application(Automotive Industry, Construction Industry, Others), By Geographic Scope And Forecast

North America Melt Film for Lightweight Fiber Composites Market Size And Forecast

North America Melt Film for Lightweight Fiber Composites Market size was valued at USD 62.44 Million in 2020 and is projected to reach USD 101.98 Million by 2030, growing at a CAGR of 6.03% from 2023 to 2030.

The demand for fuel-efficient cars and strict government regulations to minimise carbon emissions by reducing vehicle weight are two factors that are fueling the market’s growth for melt film for lightweight fiber composites. Furthermore, the melt film for lightweight fiber composites market is being driven by advancements in the electrical and electronics, automotive and transportation, aerospace, and marine industries. Another factor driving the market’s expansion is the extensive use of these films in the automobile sector. The market for lightweight fiber composites is growing, but environmental constraints regarding volatile organic compound emissions from melt film and the volatility of raw material prices are constraining it. However, during the forecast period, the market is anticipated to benefit significantly from the production of bio-adhesive films.

These can also be moulded into sheets/films. Although it comes in the form of a fabric, hot melt adhesive film is comparable to the material used in glue guns. After being heated up, hot melt adhesive film attaches almost immediately. There is almost no cure time because it doesn’t include water. Laminated materials can be cut, drilled, etc. right away rather than having to wait hours or days for the adhesive to cure. Compared to many other adhesives, hot melt adhesive film has a longer shelf life>>> Get | Download Sample Copy @ – 

North America Melt Film for Lightweight Fiber Composites Market Overview

The lightweight fiber composites are increasingly utilized in a wide variety of fields such as automotive, aerospace, construction, marine, and wind energy sectors, mainly due to their excellent and unique properties such as lightweight, corrosion and environmental resistance, and higher specific strength. The films used for the lightweight fiber composites are pre-catalyzed and are available in defined areal weights in roll or sheet form. They are available in different formulations to provide superior performance under a variety of conditions, including required toughness and durability, high-temperature applications, and the ability to be co-cured with composites. The melt film must meet the bonding requirements of different composite materials, joint types, and functions, such as mechanical and temperature performance, cure speed, open time before cure, production efficiency, and thermal properties.

The application of lightweight fiber composites has been increasing with the improved mechanical properties resulting from improved fibers and matrix materials, allowing them to displace conventional materials, such as , , and titanium alloys, for primary structures in many industries. The lightweight fiber composites are being applied in many industries owing to their advantages, such as fracture toughness, the longer shelf life of raw materials, ease of shape-forming before consolidation, damage tolerance, significantly faster manufacturing, and the ability to be reshaped and reused

North America Melt Film for Lightweight Fiber Composites MarketSegmentation Analysis

The North America Melt Film for Lightweight Fiber Composites Market is segmented on the basis of Product, Application, and geography.

North America Melt Film for Lightweight Fiber Composites Market by Application

• Automotive Industry
• Construction Industry
• Others

To Get Summarized Market Report By Application-

Based on Application, the market is bifurcated into Automotive Industry, Construction Industry, and Others. The automotive segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 6.62% over the forecast period. The segment growth can be attributed to rising demand for hot melt films and lightweight composites in the automotive industry. The product is widely utilized in automotive applications owing to its low-temperature flexibility, solvent and plastic-free formulation, and ease of recycling process. Its typical applications include door panels, airbags, dashboards, headliners, and seats. The melt film exhibits excellent bonding properties when used in combination with other materials such as foams which are used in automotive seating formulations. Furthermore, they can also be used in laminating and bonding of roofs.

Rising awareness among consumers related to the harmful impacts of solvent-based adhesives films use along with stringent regulatory policies chalked out by regulatory bodies for low VOC in the region is expected to positively impact the melt film lightweight composites market demand. Automotive manufacturers are liable to meet higher output demands in a lesser amount of time, hence they are now inclined towards use of automotive melt films. This is expected to further propel the demand for melt films in automotive application in coming years.

North America Melt Film for Lightweight Fiber Composites Market by Product

• Polypropylene (Synthetic)
• Polyethylene (Synthetic)
• Biodegradable (Natural)

To Get Summarized Market Report By Product-

On the basis of Product, the North America Melt Film for Lightweight Fiber Composites Market has been segmented into (Synthetic), (Synthetic), and Biodegradable (Natural). The polypropylene segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 6.00% during the forecast period. The polyethylene segment was the second-largest market in 2020.

The segment growth can be attributed to widespread benefits associated with the product along with its augmented consumption in automotive, aerospace, marine and constricting industries. The PP based melt film composites exhibit excellent adhesion, heat, cold, and water resistance as well as strong initial viscosity. In automotive industry, the product is primarily used in the interior parts such as seats, heads, armrests, floor mats, etc., whereas in the construction industry, the product is primarily used in which are used to bond aluminum and plastic sheets, and for developing wood-based composites which is one of the most cost-effective constructions and building material.

North America Melt Film for Lightweight Fiber Composites Market by Geography

• U.S.
• Canada
• Mexico

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the North America Melt Film for Lightweight Fiber Composites Market is classified into U.S., Canada and Mexico. North America accounted for the largest market share and Europe was the second largest in 2020. The market growth in the region can be attributed to rapidly flourishing automotive, construction, aerospace and marine industries. Automotive industry in Canada is continuously evolving and accounts for 11% of North American vehicle production. In 2021, new registrations of zero-emission vehicles (ZEVs) accounted for 5.2% of all new motor vehicles registered with three largest provinces being Quebec, British Columbia and Ontario accounting for 42.8%, 27.7% and 22.9% of sale. Mexico is the 6th largest heavy-duty cargo vehicles manufacturer, and a global exporter of tractor trucks, with exports accounting for 94.5% of its production. The U.S. is the largest importer of these trucks.

Key Players

The “North America Melt Film for Lightweight Fiber Composites Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Dow Corning, 3M, Henkel us, sika ag, Arkema, H.B. Fuller, GRACO, Toagosei America, Inc., Master Bond, Inc., Heigl Adhesives.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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