Film Adhesive Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Film Adhesive market size is expected to be worth around US$ 477.3 million by 2027, according to a new report by Vision Research Reports.

The global Film Adhesive market size was valued at US$ 398.01 million in 2019 and is anticipated to grow at a CAGR of 2.2% during forecast period 2020 to 2027.

Growth Factors

Increasing utilization of film adhesive in medical equipment and other related applications in the industry is anticipated to boost market growth over the forecast period.

Film adhesives have a thin layer of adhesive backed by a peelable liner. Their phenomenal properties including lightweight, high strength, and strong structural bonding give them a competitive edge over other alternatives in the market. As a result, they find applications in various end-use industries, such as toys, aircrafts and cars, appliances and electronic instruments, medical equipment, building and construction, and packaging.

The product is available in various forms, such as thermoset, thermoplastic, and pressure sensitive, and their usage varies upon their application. Thermoset film adhesive requires heat and pressure to attach to the substrate, making an irreversible bond, which enables it to resist temperature. Thermoplastic needs heat for getting attached and can be detached with heat itself. Pressure sensitive, as the name implies, is attached to the substrate with pressure and no heat.

Based on application, electronics and electrical held the largest share in the market. The product is used for joining intricate shapes in the electronic systems. For instance, in laptops, they are used for mounting labels, contamination control, gasket bonding, LCD assemblies, low resistivity electrical grounding and shielding, and thermal management. Their usage varies for each consumer good and electronic and electrical equipment.

Automotive accounted for a major share in the market. Film adhesive is used for paint protection in automobiles. For instance, 3M’s scotchgard is a polyurethane film with adhesive backing, which is used for shielding car’s front from debris and dirt. Apart from cars, film adhesive is used by the aerospace industry, especially in interior applications. For example, in aircrafts, it is used to bond decorative laminates to composite panels for interior applications.

Report Highlights

Medical application is expected to witness a CAGR of 2.6% from 2020 to 2027 as the Covid-19 pandemic has affected different end-use industries with varying levels of impact. Packaging, DIY, and medical equipment industries are anticipated to be the least impacted sectors in this crisis. Staying at home has boosted the DIY skills amongst people, which is leading towards more demand for products, such as sealants, caulks, and tapes, especially for interior repairs and remodeling. Growing demand for packaged foods is expected to benefit the film adhesive industry growth, especially during the ongoing crisis.

Based on application, the market for film adhesive has been segmented into electronics and electrical, medical, automotive, and others. Electronics and electrical accounted for the largest volume share of 34.6% in 2019 owing to extensive use of film adhesive in electronic and electrical components and white goods, such as bonding internal and external components, decorative trim and logo mounting, electronic corrosion prevention, internal insulation, surface protection, high temperature resistant masking, prevention from dirt and debris, and thermal management.

Asia Pacific dominated the market for film adhesive in 2019 with a revenue share of 56.3% and is expected to witness the fastest growth in the forecast period. China emerged as the largest market in the region in 2019 and countries like India and South Korea are anticipated to witness significant growth during the forecast period owing to the rising emphasis on industrial production in these developing economies.

The electronics and electrical segment are anticipated to witness considerable growth in the long term in Asia Pacific owing to increasing investments in the sector. The production in the electronics sector including consumer electronics, computer hardware, mobile phones, components, and LEDs witnessed significant growth in past years in India. For example, industrial electronics production registered a CAGR of 15.01% from 2014 to 2019.

Central and South America is the second fastest growing regional market. The growth can be attributed to medical and automotive segments. The market in Brazil has huge potential and ample opportunities for manufacturers to invest. Country’s medical equipment revenues reached USD 10.5 billion in 2018 and the public and private health expenses accounted for a share of 9.2% of the GDP.

Brazil is amongst the few countries to witness positive growth of 2.1% in automotive production in 2019. According to the National Association of Motor Vehicle Manufacturers, the country is expected to witness positive growth in 2020 as well, which is expected to positively influence the film adhesive demand in the country.

Key Players

  • 3M

  • Henkel

  • Bostik

  • Toray Industries

  • Avery Dennison Corporation

  • H.B Fuller

Market Segmentation

  • Application Outlook 

    • Electronics & Electrical

    • Medical

    • Automotive

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • China

      • India

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

The Film Adhesive market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Film Adhesive market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Film Adhesive market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Film Adhesive market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Film Adhesive market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Film Adhesive capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Film Adhesive by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Film Adhesive market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Film Adhesive market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Film Adhesive market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Film Adhesive industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Film Adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Film Adhesive market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Film Adhesive market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Film Adhesive market. These factors have benefited the growth of the global market for Film Adhesive. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Film Adhesive. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Film Adhesive are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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