Film Adhesives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Pressure-Sensitive Adhesives, Thermoplastic Adhesives, Thermosetting Adhesives, Solvent Reactivatable Adhesives), By Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Others), By End-User (Automotive & Transportation, Aerospace, Electrical & Electronics, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Dec 2021 Report Code: KSI061612066 Pages: 114

The film adhesives market was valued at US$1.803 billion in 2020 and is expected to grow at a CAGR of 5.32% over the forecast period to reach a total market size of US$2.592 billion by 2027.

Adhesive films are materials that have been coated with adhesives, such as tapes, films, and sheets. These films have a wide range of applications and are simple to apply. Adhesive films are used to bond two surfaces together. RFID, LED lighting, aerospace electronics, construction, portable computers, consumer electronics, and automotive electronics all make use of these films. Polyethene, polyvinyl chloride, polypropylene, polyvinyl acetate, and polyvinyl butyral are among the materials used to make them.

In the electronics sector, adhesive films are used to hold information labels and warning labels. These adhesives are also utilized as an insulating wrap. Similarly, these adhesives are used in the packaging industry to improve the safety of packing materials. After the curative process, adhesive films create a permanent structural link with the attaching surface and provide great resistance in difficult conditions such as high temperatures.

Stringent government regulations to reduce carbon emissions by lowering vehicle weight, as well as demand for fuel-efficient vehicles, are driving the growth of the adhesive film market. Furthermore, advancements in the electrical and electronics, automotive and transportation, packaging, and medical industries all contribute to the growth of the adhesive film market. Another factor driving market expansion is the widespread usage of adhesive films in the automobile sector for reinforcing plates, door hinge washers, and bracket attachments.

However, the volatility of raw material costs and environmental laws concerning volatile organic compound emissions from adhesive films limit the market's growth. Furthermore, high manufacturing costs, production complexity, and product customization limit market expansion. During the projected period, however, the market is likely to benefit from the manufacture of bio-adhesive films.

During the forecast period, the Asia-Pacific region is likely to lead the market for adhesive films. The market for adhesive films has been quickly expanding in countries such as China, India, and Japan as a result of increased demand from sectors such as packaging and the automobile industry.

The demand for adhesive films in the Asia-Pacific area has been rising as a result of the region's industrial growth and improved economic conditions, as well as the region's record use of e-commerce. In the midst of the e-commerce boom, the Indian packaging sector is seeing rapid expansion and is one of the fastest expanding categories. Packaging consumption in India has increased 200 % in the previous decade, from 4.3 kilograms per person per year (pppa) to 8.6-kilogram pppa, according to the Indian Institute of Packaging (IIP). The sector is anticipated to grow at 26.7 % to reach US$ 204.81 billion by 2025, up from US$ 50.5 billion in 2019. 

Growth Factors:

  • Increase in applications of film adhesives:

Demand for film adhesives is increasing in a variety of end-use sectors, including aerospace, consumer electronics, automotive & transportation, etc. This increase in demand might be attributed to exceptional characteristics of these adhesives, such as high strength and high-temperature resistance, which are vital in the automobile sector. Film adhesives can also be applied directly. As a result, the simplicity of use of film adhesives is fueling the film adhesives industry. Because of their excellent performance and strength, epoxy film adhesives are in high demand in the automotive and transportation industries. Epoxy film adhesives can withstand high pressure and have a high fatigue resistance. The increased use of film adhesives in consumer electronics presents attractive prospects for the industry.

Restrains:

  • High cost of production:

The global film adhesives market is being held back by high production costs and a difficult manufacturing process. Demand for film adhesives is also being hampered by the availability of alternatives.

Impact of COVID-19 on the Film Adhesives Market:

Film adhesives are utilized in a variety of applications, including automotive, packaging, construction, and electrical and electronics. The COVID-19 pandemic had a detrimental influence on the raw material supply for adhesives and sealants. Materials utilized in the production of film adhesives are being diverted toward other uses that come under the essential category. The recovery of the global economy and industrial sectors in various areas of the world is projected to boost the market in the near future.

Key Developments:

  • Henkel adhesive system was approved for recyclability by the Association of Plastic Recyclers in September 2021.
  • Bostik introduced new high-performance specialized hot melt pellet, powder, web, and film adhesives in September 2021. Bostik intends to highlight sustainability as a one-stop solution supplier for the worldwide thermobonding industry by acquiring Prochimir and Fixatti.

Film Adhesives Market Scope:

Report Metric Details
 Market size value in 2020  US$1.803 billion
 Market size value in 2027  US$2.592 billion
 Growth Rate  CAGR of 5.32% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Material, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Henkel AG & Co. KGaA, Hexcel Corporation, Pacific Coast Composites, Inc., Bostik (Arkema S.A.), 3M, H.B. Fuller Company, Showa Denko Materials Co., Ltd., Toray Industries, Avery Dennison Corporation, Solvay S.A.
 Customization scope  Free report customization with purchase

 

Market Segmentation

  • By Type
    • Pressure-Sensitive Adhesives
    • Thermoplastic Adhesives
    • Thermosetting Adhesives
    • Solvent Reactivatable Adhesives
  • By Material
    • Polypropylene
    • Polyvinyl Chloride
    • Polyethylene
    • Others
  • By End-User
    • Automotive & Transportation
    • Aerospace
    • Electrical & Electronics
    • Others
  • By Geography
    • Introduction
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the film adhesives market?
A1. The film adhesives market is expected to grow at a CAGR of 5.32% during the forecast period.


Q2. What will be the film adhesives market size by 2027?
A2. The global film adhesives market is expected to reach a market size of US$2.592 billion by 2027.


Q3. What is the size of the global film adhesives market?
A3. Film Adhesives Market was valued at US$1.803 billion in 2020. 


Q4. Which region holds the maximum market share in the film adhesives market?
A4. The Asia-Pacific region is projected to dominate the global film adhesives market.


Q5. What factors are anticipated to drive the film adhesives market growth?
A5. Stringent government regulations to reduce carbon emissions by lowering vehicle weight, as well as demand for fuel-efficient vehicles, are driving the growth of the adhesive film market.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Film Adhesives Market Analysis, by Type
5.1. Introduction
5.2. Pressure-Sensitive Adhesives
5.3. Thermoplastic Adhesives
5.4. Thermosetting Adhesives
5.5. Solvent Reactivatable Adhesives

6. Film Adhesives Market Analysis, by Material
6.1. Introduction
6.2. Polypropylene
6.3. Polyvinyl Chloride
6.4. Polyethylene
6.5. Others

7. Film Adhesives Market Analysis, by End-User
7.1. Introduction
7.2. Automotive & Transportation
7.3. Aerospace
7.4. Electrical & Electronics
7.5. Others

8. Film Adhesives Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. UK
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. South Africa
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles 
10.1. Henkel AG & Co. KGaA
10.2. Hexcel Corporation
10.3. Pacific Coast Composites, Inc.
10.4. Bostik (Arkema S.A.)
10.5. 3M
10.6. H.B. Fuller Company
10.7. Showa Denko Materials Co., Ltd.
10.8. Toray Industries
10.9. Avery Dennison Corporation
10.10. Solvay S.A.

Henkel AG & Co. KGaA

Hexcel Corporation

Pacific Coast Composites, Inc.

Bostik (Arkema S.A.)

3M

H.B. Fuller Company

Showa Denko Materials Co., Ltd.

Toray Industries

Avery Dennison Corporation

Solvay S.A.

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us