Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “Film Adhesives - which is forecasted from 2022 to 2027”.
The adhesive film market is being driven by factors such as rigorous government regulations to reduce carbon emissions by reducing vehicle weight and demand for fuel-efficient automobiles. The adhesive film market is also benefiting from advancements in the electrical and electronics, automotive and transportation, packaging, and medical industries. Another factor driving the market is the widespread usage of adhesive films in the automobile industry for reinforcing plates, door hinge washers, and bracket attachments.
As per the report, the Film Adhesives Market is expected to grow at a CAGR of 5.32% to reach US$2.592 billion by 2027, from US$1.803 billion in 2020.
Materials covered with adhesives, such as films, sheets and tapes are referred to as adhesive films. These films are both flexible and simple to utilize. To attach two surfaces, adhesive sheets are utilized. Radio frequency identification (RFID), Led technology, aeronautical electronics, construction, portable computing, consumer technology, and automotive electronics are all applications for these films. Polypropylene, polyvinyl chloride, polyethylene, polyvinyl acetate, & polyvinyl butyral are among the polymers used.
However, the market's growth is limited by raw material price volatility and environmental laws governing volatile organic compound emissions from adhesive films. Furthermore, the market expansion is limited by the high production costs, manufacturing complexity, and product customization.
By type, the Film Adhesives market is segmented into Pressure-Sensitive Adhesives, Thermoplastic Adhesives, Thermosetting Adhesives, and Solvent Reactivatable Adhesives. When pressure is applied to a substrate, pressure-sensitive film adhesives adhere to it. It has a wide range of applications, including binding Polyvinyl Formal (PVF) and vinyl materials in commercial aircraft interiors, nameplate bonding in vehicles, and sealing consumer items and fabrics, and hence captures a substantial market share.
Based on material, the Film Adhesives market is segmented into Polypropylene, Polyvinyl Chloride (PVC), Polyethylene, and Others. PVC is a high-strength thermoplastic polymer that is commonly used in films and sheets. PVC is robust, lightweight, resistant to weathering, rotting, chemical corrosion, and abrasion, adaptable, and simple to work with because it can be cut, bent, welded, and linked in a variety of ways. These qualities make it appropriate for a wide range of applications, and it thus accounts for the majority of market share by material.
By end-user, the Film Adhesives market is segmented into Automotive & Transportation, Aerospace, Electrical & Electronics, and Others. The Aerospace, Automotive, Electrical & Electronics Industries are the main users of the Film Adhesives Industry. In the automobile industry, film adhesives play a critical function as. Film adhesives are the industry's go-to adhesives because of their remarkable strength and endurance when bonding metals and leathers, and they also play an important part in the assembly.
Based on geography segmentation, the Film Adhesives market in the Asia Pacific is expected to increase at a steady rate over the anticipated period. As a result of rising demand from industries such as packaging and the automobile industry, the market for adhesive films has been rapidly expanding in countries like China, India, and Japan. Furthermore, owing to the region's commercial growth and improved economic circumstances, as well as the region's record use of e-commerce, demand for adhesive films have been rising in the Asia-Pacific region. In the middle of the e-commerce boom, India's packaging industry is booming, and it's one of the fastest-growing sectors.
As a part of the report, the major players operating in the Global Nanocellulose market, that have been covered are Henkel AG & Co. KGaA, Pacific Coast Composites, Inc., Hexcel Corporation, 3M, H.B. Fuller Company, and Bostik (Arkema S.A.).
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/film-adhesives-market
This analytics report segments the Film Adhesives market on the following basis: