Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.29 Billion | USD 27.69 Billion | 4.10% | 2023 |
The global Adhesives Films market size accrued earnings worth approximately USD 19.29 Billion in 2023 and is predicted to gain revenue of about USD 27.69 Billion by 2032, is set to record a CAGR of nearly 4.10% over the period from 2024 to 2032
Adhesive films are the backing materials coated with adhesives. They have the ability to join two items and bind them together. Adhesive films are pre-catalyzed adhesives which include compounds such as phenolic, epoxy, and bismaleimide that are delivered in the form of sheet or film. They are broadly used in the electronics, LED lightings, construction, automotive, electronics, and aerospace, among others. The adhesive film offers various physical and functional properties such as film clarity, high gloss, printability, and machinability. Moreover, anchorage offered by the adhesive films under various pressure levels is determined by the performance quality of adhesive tape films.
Increasing demand for the adhesive tapes from the various end-use industries such as automotive, electronics, food & beverages, and packaging is expected to drive the market growth in the coming years. Moreover, rising packaging applications, particularly in the food & beverages industry, is expected to boost market growth in the near future. The frozen food industry has been the predominant consumer over the past few years. The use of bond papers with plastics to print the information in the frozen food industry is boosting the adhesives films market growth. Moreover, the growing busy lifestyles of people will directly fuel the demand for frozen food, which will boost the adhesives films market growth during the forecast period.
Furthermore, the thriving automobile industry and increasing demand for electronics are estimated to enhance the growth prospects of the adhesives films market across the globe. In addition to this, the adhesive films are being used in the aerospace and defense industries. LED lighting and solar energy are some of the other applications which will fuel the demand for adhesive films in the upcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Adhesives Films Market |
Market Size in 2023 | USD 19.29 Billion |
Market Forecast in 2032 | USD 27.69 Billion |
Growth Rate | CAGR of 4.10% |
Number of Pages | 207 |
Key Companies Covered | 3M Company, Avery Dennison Corporation, Henkel AG & Co. KGaA, DuPont de Nemours, Inc., Nitto Denko Corporation, LINTEC Corporation, Tesa SE (a subsidiary of Beiersdorf AG), Arkema Group, Sika AG, B. Fuller Company, DIC Corporation, Rogers Corporation, Toray Industries, Inc., Mactac, LLC (a subsidiary of LINTEC Corporation), Covestro AG. |
Segments Covered | By Product Type, By Application, By Material, By End-Use Industry, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In order to give the users of this report a comprehensive view of the adhesives films market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment and application segment are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to region.
However, high manufacturing cost and an increase in the complexity of films production on account of customization of the product is estimated to hamper the adhesives films market growth in the years to come. Stringent environmental regulations pertaining to volatile organic compounds emissions from adhesive films coupled with government initiatives for the development of bioadhesive films will be the growth opportunity for the adhesives films market during the forecast period.
On the basis of product type, adhesives films market is classified into pressure sensitive, hot-melt, light-cured, and others. Based on the application, the market is segmented into aerospace, electrical & electronics, automotive & transportation, consumer, and others.
On the basis of region, Asia Pacific is anticipated to be the dominant region during the forecast timeframe. The growth in this region is attributed to the industrial development and improving economic conditions, as the region is emerging and is likely to offer lucrative opportunities for adhesives films market growth in the region. Moreover, the region has made substantial contributions towards global adhesives films market in past and is likely to do so in future owing to the growth of the manufacturing and processing sectors. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for adhesives films market based on all segments in all the regions and countries.
Some of the major players operating in the adhesives films market are
By Product Type
By Application
By Material
By End-Use Industry
By Regional Segments
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