Adhesive films are majorly used in the electrical and electronic industry to hold and protect the information labels, warning labels, cautioning marks, and data labels. These films include materials such as tapes, films, and sheets, coated with adhesives. These films also have applications in packaging industries. The fundamental purpose of the adhesive film is to ensure the safety of packaging material. The adhesive films are primarily made up of materials such as polyethylene, polyvinyl chloride, polypropylene, PET, Polyamide, Polyurethane, polyvinyl acetate, and polyvinyl butyral.
The worldwide adhesive film market is growing at a healthy CAGR on account of growth in the electrical and electronics industry. Adhesive films are an integral part of data marks on the electronic items where they provide critical information and reminders to the consumers. Light-cured adhesive films are preferred in certain electronic applications that require a higher strength at extreme temperature variations.
Other factors contributing to the growth of Adhesive Films is the growing urban population and increasing usage of glue films in food and The market growth is being hindered by environmental concerns related to unpredictable natural mixes (VOCs) emitted from these glue films This has led to the development of bio-based materials thereby providing new avenues of growth to the market participants.
The adhesive film market was valued at USD 60 Billion in 2019 and is projected to grow at a CAGR of 5.5% to reach USD 87.3 Billion by 2026, over the forecast period. Adhesive films are also used in plastic and composite parts of automobiles. The growing automotive market has further boosted the automotive Adhesive Film Market globally. The consistent endeavor of car manufacturers in producing lightweight vehicles in order to ensure eco-friendliness and improving fuel efficiency has increased the importance of Adhesive films. From heavy trucks to sports vehicles, these films are being utilized to supplement mechanical joining methods. These new applications are likely to further encourage market development. The Global Adhesive Film Market report gives a comprehensive assessment of the market.
The growth of the adhesive film market is being hindered by certain limitations and difficulties. These restraints include instability in raw material costs and unpredictable natural mixes, which are restricting the market development. High manufacturing costs and the need for highly customized products have also restricted the market growth.
The Adhesive Film Market is finding applications in the aerospace industry on account of light-weighting initiatives and the advancement of a military airplane. Similarly, growing usage of bioplastic polymers, utilization of recyclable polymer materials are providing new product development opportunities manufacturers present in the global Adhesive film market.
The research report analyses the entire ecosystem of the Adhesive Film Market and categorizes it to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
In terms of Film Material Adhesive Films, the Polypropylene segment is estimated to be the largest segment during the forecast period
In terms of the type of Adhesive Films, the market can be segmented into Polypropylene, Polyvinyl Chloride, Polyethylene, and Others. The Polypropylene Segment of the Adhesive Film Market is expected to be the largest market segment in the forecast period. Polypropylene films are usually preferred as they are versatile and cost-effective and also resistant to a variety of acids and solvent solutions. The polyethylene segment is expected to grow at the highest CAGR.
By Technology Type, the water-based segment is expected to be the largest segment
In terms of technology, the Adhesive Films can be segmented into Water-based, Solvent-based, Hot Melt, Pressure-sensitive and others. The water-based segment dominated the Adhesive Film Market in terms of revenue in 2019. The Pressure-sensitive segment is expected to register the highest CAGR in the forecast period.
By Geography, the Asia Pacific region is expected to be the fastest-growing segment in the forecast period
Asia Pacific region is expected to be the fastest-growing region in terms of CAGR trend in the forecast period. The demand in Asia Pacific region is primarily driven on account of growing demand from emerging economies. Key Adhesive Film Markets in Asia- Pacific include China, Japan, India, South Korea, Thailand, and Indonesia.
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.