High Reliability and Thermal Management Solution

The film adhesives market was worth US$1.803 billion in 2020 and is anticipated to expand at a 5.32% compound annual growth rate over the forecast period to reach US$2.592 billion by 2027. As the name suggests, Film Adhesives are widely available in film form. Many are thermoplastic, but reactive thermosetting films are also used commercially in structural parts. Dry film adhesives provided a hygienic, danger-free operation with minimum wastage and met this requirement over film thickness. However, the technique is usually limited to sections with smooth surfaces or simple curvatures. Curing under pressure and heat is required for maximum strength properties. The price of film material is higher than that of liquids, but the material loss is the lowest of any coating process.

Wide Application, Less Carbon Emission and Reliability are key driving forces

Government Regulations to reduce carbon emissions by minimizing vehicle weight and the requirement for fuel-efficient vehicles are driving the growth of the film adhesives market globally. Besides that, advancements in the electronics and electrical, automotive, packaging, and medical industries enhance the film adhesives market. Another factor influencing product demand is the widespread use of film adhesive in the automotive sector for validation plates, bracket attachments, and door hinge washers. Furthermore, film adhesives are used for various other applications, including solar energy, defence & aerospace, LED lighting, and food & beverage packaging, which supports as a major catalyst for the market of film adhesives globally. Films adhesives are commonly used for marking products to provide helpful information to consumers. The increasing use of adhesive films for labelling is anticipated to drive the market for film adhesive.

Rising demand from the packaging and pharmaceutical industries is also expected to enhance market growth during the forecast period. Increased spending on bio-based substances will likely provide major brands with financially rewarding future growth opportunities in the Flim Adhesive market.

Film Adhesive By Types 

Unsupported and supported film adhesives are available. Fibrous fabric or mat is commonly used as the carrier for backed films. Film adhesives are available for pressure-sensitive, solvent-activated, Heat-activated thermosetting, or thermoplastic hot melt. 

Pressure-sensitive film adhesives, which come in single or double-coated coated films, are lame and bond immediately when applied to pressure.

Thermoplastic film adhesives are typically placed between contact areas, and pressure and heat are implemented to form the bond; this joint can be processed quickly.

Thermosetting film adhesives in film form are practised between the two contact surfaces, and the arrangement is pressurized and heated up for a predefined timeframe. 

Solvent reactivatable film adhesives in film form are reinstated by erasing with a dampened solvent fabric into a pressure-sensitive condition.

Film adhesives provide the most straightforward approach to applying adhesive to the growing medium to be bonded. This is especially true whenever the bearing of the film is tightly controlled: enough tack to keep the film in place but not so much that it prevents realigning. Thermal management is crucial to the performance and power supply of electronic devices. Film adhesives are essential for many applications in the telecommunications, aerospace, and electronics sectors owing to the growing demands for uniformed bondline implementation and the evasion of air inclusions throughout the large areas.

Growing Demand in Aerospace is boosting the market for Film Adhesive Globally

In aerospace, film adhesive is used across the aircraft’s exterior, interior, and engine compartment. Everything from the overhead compartments to the convenient seat trays and even the in-floor illumination has been upgraded. Hydraulic system thread sealants, Threadlockers, retaining compounds, and structural adhesives are all present in the engine. Wing spars, door mouldings, Exterior panels, and so on are all bonded.According to American Aerospace Industry Association, the total industry sales revenue for the year 2019 was US$929 Billion, which saw an increase of 4.17% from 2018. The booming sector alone contributed US$ 374 Billion to the GDP of the United States, representing 1.8% of the entire GDP. The rise in the aerospace industry is anticipated to drive the film adhesive market for the forecasted period due to its diverse application in aerospace to provide reliability.

Usage of Film Adhesive in Aerospace

Film Adhesives for Anaerobic Conditions retaining, thread sealing, Threadlocking, and forming in place gaskets are examples of applications. Although most of these implementations are found in the engine bay, thread lockers are used throughout to prevent resonance softening.

Acrylic Structurals: Structural acrylics are used for various applications, including connecting magnets into electric engines and attaching harness clips.

Epoxies: There is a need for toughness, and low weight drives the widespread use of film adhesives. Carbon fibre is used in aircraft and unmanned aerial vehicles for almost the same reasons. 

Cyanoacrylates are used to securely bond numerous items and as a biological catalyst to hold segments linked with sluggish curing film adhesives. They are also a quick fix for damaged interior trim, taking only seconds to cure and having a near-instant delivery time.

The Asia Pacific is expected Dominate the Film Adhesive market

Asia Pacific is anticipated to conquer the film adhesive market and grow at the fastest CAGR during the forecast period. China is expected to be the region’s largest market. Countries such as India and South Korea are projected to grow substantially during the forthcoming years due to these emerging economies’ increased focus on industrial output.

North America and Europe are anticipated to witness stagnant growth over the forecast period due to the Covid-19 pandemic, which has had a significant effect on the global economy.

Covid-19 Impact on End-User Industry has impacted the growth of the Film Adhesive market

Covid-19 has influenced every major business, construction, automobiles, and packaging. Travel has been severely impacted, and the supply chain has been wholly impeded due to the global shutdown. Production and Manufacturing have been curtailed. This has had a huge negative effect on the film adhesives market. As per the record of the aerospace industry association, the aerospace and defence industry saw a total sales revenue of US$874 Billion and the total industry export is declined by 39%, and imports were also affected, which were decreased notably from US$ 68.7 billion in 2019 to US$ 50 billion in 2020. Being one of the major end-users of film adhesive, the covid-19 impact on the aerospace industry has also jolted the film adhesive market. The construction sector has also experienced substantial losses, as the nutritional standards of social distancing gatherings of a large group of people have ceased, resulting in a halt in the use of adhesives in building projects. The covid-19 threat has also harmed packaging requirements, as has the online retail market. The market for hot melt adhesives and sealants has grown as they aid in producing masks.