Global Adhesive Films Market was valued US$ 57.2 Bn. in 2019 and is expected to grow at CAGR of 5.7%, to reach US$ 75.4 Bn. during the forecast period of 2020 to 2027.
Growing demand from end use industries like automotive, packaging, electronics & transportation are expected to drive the adhesive film market in forecast period. The report has studied the dynamics of end user industry and its impact on the adhesive film market.
Global Adhesive Films Market, By Region
Adhesives films are also known as pre-catalyzed adhesives that consist of a broad range of compound such as phenolic, epoxy, and bismaleimide supported a thin layer of film when exposed to a curative process, form a strong bond on the attaching surface that can withstand extreme environmental condition, even high temperatures.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The report comprises of worldwide Adhesive Films Market analysis in terms of revenue from various segments and detailed evaluation of the trends and factors that are playing a substantial role in the market. These factors involve the drivers, restraints, opportunities and challenges for the key companies and stakeholders in the industry.
According to the report, some of the major drivers propelling the market growth is growing adoption from various end-use industries such as transport, construction, and packaging. They are also used in the production of lightweight and small-sized electronic devices with improved efficiency. Moreover, the growing demand from the electrical and electronics industry is another factors likely to accelerate the global adhesive film market growth.
Furthermore, the growing demand for epoxy adhesives from the automotive and transportation industries due to excellent properties such as high strength, high performance and high-temperature resistance is offering lucrative opportunities for growth in the upcoming years.
However, high cost and difficulties in the production of adhesives films are restraining growth of the global film adhesives market.
Global Adhesive Films Market: Market Segmentation :
The report covers competitive analysis of the Adhesive Films Market in each of the geographical segments thereby providing insight into a market structure by key players, market followers and regional players.
Based on the film material, Polypropylene (PP) is expected to dominate the Adhesive Films market during the forecast period. Polypropylene (PP) segments accounted for the largest market share of XX% with a market value of XX Bn, growing at the highest CAGR of XX% globally. The growing demand from end-user industries has led to the expansion of PP globally. China is the leading producer of PP with an annual production of XX.7 Mn tons. Polypropylene is highly resistant, versatile and cost-effective plastic with a temperature range up to 212°F which is used effectively in multi-purpose packaging and food packaging as it avoids leaching of the chemical into the food product.
Based on Application, Labels segment is estimated to be the fastest-growing segment with a market share of XX % growing at the CAGR of XX % during the forecast period. The major factor attributing to the growth are growing awareness, increasing urban population, growing demand for pharmaceutical products and rapid growth of the e-commerce industry, thus propelled the growth of the global self-adhesive labels market.
Global Adhesive Films Market: Geographical Analysis
The Asia Pacific was valued at US$ XX Mn in 2019 is estimated to grow at the highest CAGR of 5.6 % from 2019 to 2027 during the forecast. Rapid industrialization, rising disposable income, growing automotive industry, changing lifestyle are contributing to the growth of Adhesive Films Market. In Asia pacific China and India has documented as largest shareholder country for this market with approximately 45% of market share by china and expected to grow constantly. Growing population with rising demand from construction, packaging, electronics, and transportation is fuelling the demand for adhesive films in this region
North America Adhesive Films market is likely to grow at XX% CAGR. The US contributes the major share on account of existence of well-established automotive manufacturers.
Competitive Analysis: Global Adhesive Films Market:
These market players in the Global Adhesive Films Market appear to be uneven because of several large and small players. Large players implemented various strategies such as acquisition, partnership, collaborations, expansions Product launches and other crucial aspects to lessen the competition in the competitive landscape and Key players include Avery Dennison Corporation (US), 3M Company (US), UPM-Kymmene OYJ (Finland) and Toray Industries (Japan).
The objective of the report is to present a comprehensive analysis of the Global Adhesive Films Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Key Trends: Development & Acquisition
• In February 2017, Avery Dennison Corporation collaborated with Yongle Tape Company Ltd., a leading manufacturer of speciality related products and tapes for a variety of industrial markets. Yongle Tape work within Healthcare Materials business group and Avery Dennison’s Industrial, in close agreement with the Fastener Solutions businesses and company’s global Performance Tapes.
• In March 2015, 3M Company invested about USD 1.8 Bn in 2015 to intensify the Industrial, Health Care, Safety, Consumer, Graphics, and Electronics & Energy. The company focus to enhance the products portfolio of adhesive tapes to reach the growing demand from various regions.
• In April 2014, UPM Raflatac proclaimed its plans to boost production capacity for its film label stock company in Europe by funding almost USD 18 Mn in coating merchandise at the company’s self-adhesive label stock industry in Nowa Wies, Poland.
• In October 2019, giant e-commerce company like Flip kart and Amazon collectively estimated for gross sales of around USD 3.5 Bn in India beholding a rise of 33% over the forecasted period.
The report also helps in understanding Global Adhesive Films Market dynamics, structure by analyzing the market segments and projects the Global Adhesive Films Market size. Clear representation of competitive analysis of key players By Technology, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Adhesive Films Market make the report investor’s guide.
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Scope of the Global Adhesive Films Market:
Global Adhesive Films Market, By Film Material
• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Others (PET, PU, PA)
Global Adhesive Films Market, By Technology
• Hot Melt
Global Adhesive Films Market, By Application
• Graphic Films
Global Adhesive Films Market, By End-use Industry
• Automotive & Transportation
• Electrical & Electronics
• Others (Signage, Medical, and Construction)
Global Adhesive Films Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
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