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2020

Adhesive Film Market

Adhesive Film Market Size, Share, Competitive Landscape and Trend Analysis Report, by Film Material, Technology and End User Industry : Global Opportunity Analysis and Industry Forecast, 2019-2026

MC : Renewable, Speciality and fine chemicals

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Author's: Ayushi Choudhary & Eswara Prasad | Eswara Prasad
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Adhesive Film Market Outlook - 2026

The global adhesive film market was valued at $17.3 billion in 2018 and is projected to reach $26.7 billion by 2026, growing at a CAGR of 5.5% from 2019 to 2026.

Adhesive films refer to materials such as tapes, films, and sheets, which are coated with adhesives. These films are versatile in application and easy to use. Adhesive films are used to join two surfaces. These films are used in radio frequency identification (RFID), LED lighting, aerospace electronics, construction, handheld computing, consumer electronics, and automotive electronics. These are made up of materials such as polyethylene, polyvinyl chloride, polypropylene, polyvinyl acetate, and polyvinyl butyral. Adhesive films are employed in the electronics industry to hold information labels and warning labels. These adhesives are also used as protective insulation wrap. Similarly, packaging industries use these adhesives to increase the safety of packaging material. Adhesive films form a permanent structural bond with the attaching surface after undergoing the curative process and offer strong resistance under harsh environments such as high temperature.

Adhesive Film Market

Factors such as stringent government norms to lower carbon emissions by reducing vehicle weight and demand for fuel-effective automobiles drive the growth of the adhesive film market. Furthermore, developments in electrical & electronics, automotive & transportation, packaging, and medical industries also boost the adhesive film market growth. Moreover, extensive use of adhesive films in the automotive industry for reinforcement plates, door hinge washers, and bracket attachments is another factor that fuels the market growth. In addition, adhesive films are used for many other purposes such as in LED lighting, solar energy, defense & aerospace, and food & beverages packaging, which serves as a growth factor for the market. However, volatility of raw material prices and environmental regulations related to volatile organic compound emissions from adhesive films restraint the growth of this market. In addition, high manufacturing cost, complexity in production, and product customization further confine the market growth. However, production of bio-adhesive films is expected to serve as a lucrative opportunity for the market during the forecast period.

Adhesive Film Market
By Film Material
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Polyethylene based adhesive film is projected as the fastest growing segment.

The global adhesive film market is segmented on the basis of film material, technology, end user industry, and region. On the basis of film material, it is divided into polypropylene, polyvinyl chloride, polyethylene and others. Others include materials such as polyurethane, polyesters, and ethylene vinyl acetate. The polyvinyl chloride segment was the highest contributor to the market and polyethylene segment is expected to grow with the highest CAGR during the forecast period.

Adhesive Film Market
By Technology
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Pressure-sensitive films segment is projected as the fastest growing segment.

By technology, the adhesive film market is classified into water-based, solvent-based, hot melt bonding film, pressure-sensitive and others. The other technologies include self-cured, chemical-cured, and heat-cured. The water-based segment was the highest contributor to the market and pressure-sensitive segments is expected to grow with the highest CAGR during the forecast period. Depending on end user, the market is classified into electrical & electronics, aerospace, automotive & transportation and others. The other end users include furniture, footwear, and construction. The automotive and transportation segment was the highest contributor to the market and electrical and electronics segment is expected to be the fastest growing during the forecast period.

Adhesive Film Market
By End-user Industry
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Automotive and Transportation segment would exhibit an CAGR of 6.0% during 2019-2026.

Region wise, the global adhesive film market share is analyzed across North America ( the U.S., Canada, and Mexico), Europe (Germany, France, Italy, , the UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA). Asia-Pacific is expected to exhibit a faster growth rate during the forecast period, owing to increase in consumer electronics demand. Moreover, cheap labor availability and favorable government policies in India and China have encouraged manufacturers to shift their manufacturing base in these countries.

Key players operating in the global adhesive film market are BASF SE, The 3M Company

DuPont., The Dow Chemical Company, Solvay, Akzo Nobel N.V., Arkema Group, Dymax Corporation, Henkel AG & Co. KGaA and Hitachi Chemical.

Adhesive Film Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit a highest CAGR of 6.3% during 2019-2026.

Key Benefits for Stakeholders:

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and competitive scenario of the industry for building strategies.
  • It outlines the current trends and future scenario of the adhesive film market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Countries in four major regions, namely, North America, Asia-Pacific, Europe, and LAMEA have been mapped according to their individual revenue contribution in the adhesive film market analysis at regional and country-level.
  • The adhesive film market trends such as drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • Profiles of key players along with their contribution in the market growth are enlisted in the report.
  • The adhesive film market forecast is studied from the year 2019 to 2026.

Adhesive Film Market Report Highlights

Aspects Details
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By Film Material
  • Polypropylene
  • Polyvinyl Chloride
  • Polyethylene
  • Others
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By Technology
  • Water-based adhesives
  • Solvent-based adhesives
  • Hot melt adhesives (HMA)
  • Pressure-sensitive adhesives (PSAs)
  • Others
  • Others
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By End Use Industry
  • Electrical & Electronics
  • Aerospace
  • Automotive & Transportation
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Africa, Middle East, Rest of LAMEA)
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Key Market Players

The Dow Chemical Company., DuPont., Solvay, Hitachi Chemical, Arkema Group, AKZO NOBEL N.V., Dymax Corporation, HENKEL AG & CO. KGAA, The 3M Company, BASF SE

Analyst Review

Growing applications of adhesives in healthcare, automotive, electronics, and packaging industries are expected to drive the growth of the market. Adhesives are chemical mixtures used to hold two or more surfaces together to form a single unit. They have high shear and tensile strength and are used for holding and bonding applications in industries like healthcare, automotive, electronics, and packaging industries. Advancements in the adhesive film market is expected to offer lucrative growth opportunities to the market. H.B. Fuller  offers Flexel, which is a thermoset adhesive material. It forms cross-linked bonds when heated and require significantly less heat then traditional adhesive film for activation. Such adhesive film are utilize in manufacturing electronics and substrates.

Governmental regulations play an important role to boost the market growth. These regulations  accelerate the use of non-volatile adhesives such as epoxies, cyanoacrylates, and urethanes, rather than traditional solvent-based adhesives. With the rising use of non-volatile adhesives, it is predicted that the demand for adhesive film will also increase notably, which is expected to drive the growth of the market.

Author Name(s) : Ayushi Choudhary & Eswara Prasad | Eswara Prasad
Frequently Asked Questions?

The key factors that drive the growth of this market include rise in application of adhesive films in radio frequency identification (RFID), LED lighting, aerospace electronics, construction, handheld computing, and consumer electronics. Packaging industries also drive the growth of the adhesive film market as these films are increasingly utilized to increase the safety of packaging material.

Product launch is one of the most widely adopted strategy. The 3M company and the Dow chemical company have been actively engaged into the new product launches to gain edge over competitors.

Expansion of production facilities is one of the key trend observed in the market. DuPont’s electronics & imaging division announced that it is investing $220 million to build new production facility to expand production of DuPont Kapton polyimide film and Pyralux flexible circuit materials.

Asia-Pacific was the highest revenue contributor and is expected to grow with with a faster growth rate during the forecast period, owing to increase in consumer electronics demand, which have contributed towards raising the need of adhesive film. Moreover, cheap labor availability and favorable government policies in India and China have encouraged manufacturers to shift their manufacturing base in these countries.

The key players involved in the market include 3M Company, Henkel AG & Co. KGaA, DowDuPont, Huntsman International LLC., Avery Dennison Corporation, Sika AG, Wacker Chemie AG, Hexcel Corporation, Cytec Solvay Group, and Evonik Industries.

The water-based segment was the highest contributor to the market. Water-based adhesives are formulated from compounds including vinyl acetate, vinyl acetate copolymer, and acryl. These types of adhesives are widely used in wood, paper, fabrics, leather, and other porous substrates.Growing investments in water-based adhesives is expected to drive the growth of the market. Prominent players in the industry have invested heavily in R&D activities to formulate efficient water-based adhesive products. 3M has developed a new water-based adhesive product, “Fast Tack Water Based Adhesive 1000NF,” which offers superior bonding speed and high strength.

The electrical & electronics, aerospace, automotive & transportation, furniture, footwear, and construction companies are potential customers in the adhesive film industry.

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Adhesive Film Market

Global Opportunity Analysis and Industry Forecast, 2019-2026