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Film Adhesives Market By Resin Type (Epoxy, Cyanate Ester, Acrylic, Others), By Material (Thermoset, Thermoplastic, Flame Retardant), By End-User Industry (Automotive, Aerospace, Electrical and Electronics, others) & By Region - Global Size, Share, Trends & Forecast to 2027

Published: January, 2022
ID: 8610
Pages: 170

Film Adhesives Market Size, Share & Growth (2022- 2027)

Film Adhesives Market was valued at $ 20.4 billion in 2021 and is expected to reach $ 25.6 billion by 2026, with a CAGR of 7.7% from 2021 to 2026.

Film adhesive, as the name suggests, is a type of adhesive tape used for large and small substrates in various end-use industries. In the electronics industry, given the reduction in assembly with increasing power requirements, good thermal management becomes vital. The application of plastic film in electronics and electricity provides thermal and mechanical properties and reduces assembly costs. The adhesive film's ability to apply evenly to the substrate with the least amount of waste makes it a preferred choice for bonding complex shapes and in applications that require precise bond lines. Therefore, they are used to glue substrates in the housing of the microelectronic package, where sensors and other sensitive electronic components are involved.

Increased demand for film adhesives from many end-use industries including aerospace, consumer electronics, automotive and transportation, and electrical and electronics. This high demand is attributable to its excellent properties such as high strength and resistance to high temperatures, which are essential in the automotive industry. Furthermore, film adhesives can be applied directly, which facilitates the use of film adhesives and drives the growth of film adhesives market. Adhesive films are extensively utilized to reduce the deployment of fasteners on automotive components, consisting of exterior body parts, axles, and suspension systems. With the acquisition of adhesive films as an alternative to fasteners, the overall weight of vehicles is remarkably reduced. Hence, the increasing adoption of light-duty vehicles will directly boost the growth of the Adhesive Films market during the forecast period. Additionally, the fact that light-duty vehicles help reduce fuel emissions and meet carbon dioxide emission standards makes them a viable solution for end users in the automotive industry. Therefore, with the increasing demand for light vehicles, the need for adhesive films will also increase in the years to come. One of the types of film adhesives, such as epoxy adhesives, is in high demand from the automotive and transportation industries due to its high performance and high strength. Epoxy film adhesives can operate under high pressure and fatigue resistance, thereby enhancing the growth of the global film adhesives market.

Drivers in the Film Adhesives Market

A major factor in the growth of the global adhesive films market is the escalating call for the adhesive films market globally. Multiple adhesive film manufacturers are shifting their manufacturing activities to emerging economies such as China, India, Indonesia, Taiwan, and the Philippines due to the easy availability of raw materials, low transportation costs, and regulations less stringent government. In addition, the rapidly growing packaging industry in these growing economies is expected to further increase the demand for adhesive films in the coming years. In addition, the emergence of India and China as manufacturing centers for the packaging, construction, automotive, and other industries, coupled with support for government initiatives in the region APAC, will fuel the growth of the adhesive films market during the forecast period.

Restraints in the Film Adhesives Market

The high production cost and the complexity of producing such films are expected to slow the growth of the global film adhesives market. High storage and transportation costs and tedious processing techniques are anticipated to slow the growth of the film adhesives market.

FILM ADHESIVES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2021

Forecast Period

2022- 2027

CAGR

7.7%

Segments Covered

By Resin Type, By Material, By End-User 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

  • BASF SE
  • Dow Chemical
  • Henkel AG & Company
  • H.B. Fuller
  • 3M
  • Arkema
  • Bostik
  • Cytec
  • Solvay Group
  • Gluetex GmbH
  • Bayer AG
  • Gurit
  • Presco
  • DuPont

Film Adhesives Market Segmentation

Film Adhesives Market By Resin Type

  • Epoxy
  • Cyanate Ester
  • Acrylic
  • Others

In the Resin Type, the epoxy segment is anticipated to be the largest growing segment in the film adhesives market. Epoxies are high-performance adhesives that offer high strength, high-temperature resistance, and high fatigue resistance.

Film Adhesives Market - By Material

  • Thermoset
  • Thermoplastic
  • Flame Retardant

Film Adhesives Market - By End-User 

  • Automotive
  • Aerospace
  • Electrical and Electronics
  • Others

The packaging, DIY, and medical equipment industries are expected to be the least affected by this crisis. Staying at home has improved DIY skills in people, leading to increased demand for products, such as sealants, putties, and tapes, especially for interior repairs and renovations. The growing demand for packaged food is expected to benefit the growth of the film adhesives industry, especially during the current crisis.

According to the application, the adhesive film market has been segmented into electronic and electrical, medical, automotive, and others. Electronics and electricity accounted for the highest volume proportion of 34.7% in 2019 due to the extensive use of adhesive films in electronic and electrical components and household appliances, such as bonding of internal components and exterior, decorative trims and logo mounting, electronic corrosion prevention, internal insulation, surface protection, high-temperature resistant masking, dirt and debris prevention, and thermal management.

The medical sector is expected to experience the fastest growth during the forecast period. Its use has been stepped up amid the pandemic with a growing need for medical equipment. The other segment of applications includes construction, aerospace and defense, paper/printing, and others. The segment is expected to experience slow growth, as well as automotive and transportation. The decline in manufacturing and industrial activities around the world, coupled with transportation-related delays in the supply of raw materials, affected the growth of the segment.

COVID – 19 Impact on Film Adhesives Market

However, the film adhesives market is expected to grow slowly over the forecast period due to the availability of substitutes in the market and the Covid-19 pandemic around the world. The crisis has had a significant impact on the supply of raw materials for adhesives and sealants. In addition to resins and binders, a number of other materials are used in production, which is moving into other applications. For example, alcohols are shipped for hand sanitizers and photoinitiators for UV applications.

Recent Developments:

  • In July 2020, Decal released a self-adhesive antimicrobial film. Decal has become the latest manufacturer to release an antimicrobial film to support Covid's security efforts in the food service industry, industry, retail, and transportation.

  • In April 2020, Hexcel is launching the new low-temperature curing HexBond 679 adhesive film for marine composite structures. Hexcel is pleased to announce the launch of its new HexBond 679 low-temperature fast-curing adhesive film.

  • In May 2020, Herma partially opens its new coating plant. Herma has decided to partially open its new label adhesive coating plant thanks to the implementation of better distancing measures between production equipment and a higher degree of automation that reduces the scope of interaction human.

  • In June 2020, Bostik is launching product lines for retort and metalized film applications. Bostik, a global specialist in adhesives for the industrial, construction, and consumer markets is proud to announce a new series of high-performance flexible lamination solutions.

Film Adhesives Market - By Region:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

Film Adhesives Market Key Players:

  1. BASF SE
  2. Dow Chemical
  3. Henkel AG & Company
  4. H.B. Fuller
  5. 3M
  6. Arkema
  7. Bostik
  8. Cytec
  9. Solvay Group
  10. Gluetex GmbH
  11. Bayer AG
  12. Gurit
  13. Presco
  14. DuPont

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Resin Type                 

                              5.1.1 Introduction           

                              5.1.2 Epoxy        

                              5.1.3 Acrylic       

                              5.1.4 Cyanate Ester        

                              5.1.5  Y-o-Y Growth Analysis, By Resin Type         

                              5.1.6  Market Attractiveness Analysis, By Resin Type       

                              5.1.7  Market Share Analysis, Resin Type              

               5.2 End-Use Industry                     

                              5.2.1 Introduction           

                              5.2.2 Electrical & Electronics       

                              5.2.3 Efficacy Biomarkers             

                              5.2.4 Aerospace

                              5.2.5 Automotive & Transportation         

                              5.2.6 Consumer

                              5.2.7 Y-o-Y Growth Analysis, By End-Use Industry             

                              5.2.8 Market Attractiveness Analysis, By End-Use Industry            

                              5.2.9 Market Share Analysis, By End-Use Industry             

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Resin Type

                                             6.1.3.3 By End-Use Industry

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Resin Type

                                             6.1.4.3 By End-Use Industry

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Resin Type

                                             6.1.5.3 By Type

                                             6.1.5.4 By End-Use Industry

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Henkel                                         

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Bayer AG                    

               8.3 Arkema                       

               8.4 Cytec Solvay Group                 

               8.5 Gluetex GmbH                         

               8.6 Dow Chemical                          

               8.7 HMT Manufacturing                             

               8.8 Henkel                         

               8.9 Cytori Therapeutics                

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  1. Global Film Adhesives Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Film Adhesives Market By Resin Type, From 2022 - 2027 ( USD Billion )

  3. Global Epoxy Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Acrylic Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Cynate Ester Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Film Adhesives Market By End-Use Industry, From 2022 - 2027 ( USD Billion )

  7. Global Electrical & Electronics Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Aerospace Market By Region, From 2022 - 2027 ( USD Billion )

  9. Global Automotive & Transportation Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Consumer Market By Region, From 2022 - 2027 ( USD Billion )

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