Adhesive Film Market Size Worth USD 87.3 Billion by 2026 | ResearchCMFE

Posted by shivf on January 29th, 2021

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 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.

According to ResearchCMFE “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.”

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.

Snapshot of Drivers, Restraints, Opportunities, and Challenges of Adhesive Films Market

Drivers:

• Increasing demand from emerging economies in Asia Pacific Region
• Growth of the e-Commerce industry
• The growing trend of consumer awareness leads to the demand for information from consumers.

Restraints:

• Volatile Raw Material Costs

Opportunities:

• Recyclable films
• Usage of biopolymers

Challenges:

• Regulations

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.

By Film Material

• Polypropylene
• Polyvinyl Chloride
• Polyethylene
• Others

By Technology

• Water-based
• Solvent-based
• Hot Melt
• Pressure-sensitive
• Others

By Application

• Tapes
• Graphic Film
• Labels

 By End-Use Industry

• Electrical and Electronics
• Aerospace
• Packaging
• Automotive and Transportation
• Others

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.

Company Profiles and Competitive Intelligence Covered in Adhesive Film Market Report are:

BASF SE, 3M Company, DuPont, Dow Chemical Company, Solvay, Akzo Nobel N.V, Arkema Group, Dymax Corporation, Henkel AG & Co. KGaA, Hitachi Chemical., Cosmo Films, Toray Industries, Coveris, Mondi Group, Avery Dennison Corporation, UPM-Kymmene OYJ