USD 4.73 billion
Adhesive Film Market Size, Share, Growth Analysis, By Film Material(Polypropylene, Polyvinyl Chloride, Polyethylene, and Others), By Technology(Industry, Water-based, Solvent-based, Hot Melt), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2379 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
67
|Figures:
80
Adhesive Film Market Insights
Global Adhesive Film Market size was valued at USD 4.73 billion in 2022 and is poised to grow from USD 4.91 billion in 2023 to USD 6.66 billion by 2031, growing at a CAGR of 3.87% in the forecast period (2023-2031).
The global adhesive film market has been experiencing steady growth and innovation across various industries. Adhesive films are thin layers of materials coated with adhesive substances that can stick to surfaces upon application of pressure. They offer advantages such as ease of application, uniform bonding, and versatility in adhering to different substrates, driving their adoption in numerous sectors. Industries such as packaging, automotive, electronics, construction, and healthcare have been key drivers for the adhesive film market. In packaging, adhesive films are used for labeling, sealing, and securing products. The automotive sector employs adhesive films for lightweight bonding solutions, reducing the need for traditional mechanical fasteners. Electronics benefit from adhesive films in device assembly and display applications. The increasing demand for miniaturized and lightweight devices, coupled with advancements in adhesive technology, has spurred the growth of the adhesive film market. Innovations have led to the development of adhesive films with enhanced properties, including heat resistance, conductivity, optical clarity, and even biodegradability.
US Adhesive Film Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2031
Global Market Size
Largest Segment
Polyethylene
Fastest Growth
Polyethylene
Growth Rate
3.87% CAGR
Global Adhesive Film Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Adhesive Film Market Segmental Analysis
The global adhesive film market is segmented on the basis of Film Material, Technology, End-Use Industry and region. By Film Material, the market is segmented into Polypropylene, Polyvinyl Chloride, Polyethylene, Others. By Technology, the market is segmented into Water-based, Solvent-based, Hot Melt, Pressure-sensitive, Others. By End user, the market is segmented into Electrical and Electronics, Aerospace, Automotive and Transportation, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Adhesive Film Market Analysis By Film material
Polyethylene segment held the dominant position in 2022. Polyethylene adhesive films have been widely used in various industries due to their excellent adhesion properties, versatility, and cost-effectiveness. They are commonly used for packaging, labeling, automotive applications, and more. The dominance of polyethylene adhesive films can be attributed to factors such as its compatibility with different surfaces, ease of use, and the ability to adhere to a wide range of substrates.
On the other hand, Polypropylene adhesive films have been experiencing significant growth due to their improved performance characteristics and sustainability features. Polypropylene films offer good tensile strength, clarity, and resistance to moisture and chemicals. They have found applications in packaging, labeling, medical devices, and other industries. The demand for polypropylene adhesive films has been increasing as companies seek more environmentally friendly and durable packaging solutions.
Adhesive Film Market Analysis By Technology
Pressure-sensitive adhesive films are the dominant end-user industry for the Global Adhesive Film Market. Pressure-sensitive adhesive films are widely used in various industries due to their ease of application, versatility, and ability to adhere to different surfaces with light pressure. They do not require heat, water, or solvent activation to form a bond. Pressure-sensitive adhesive films are commonly used in labels, tapes, decals, and other applications where a temporary or permanent bond is needed.
On the other hand, Hot melt adhesive films are fastest growing and gaining traction in the adhesive industry due to their fast bonding capabilities and strong adhesion properties. These films are applied in a molten state and solidify upon cooling to form a strong bond. They are often used in industries like packaging, automotive, textiles, and electronics assembly.
Global Adhesive Film Market By Film material
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Adhesive Film Market Regional Insights
The global adhesive film market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia-Pacific region, including countries like China, Japan, South Korea, and India, has been a dominant force in the global adhesive film market. This can be attributed to the region's robust industrial and manufacturing sectors, growing automotive and electronics industries, and increased demand for consumer goods. The availability of cost-effective labor and raw materials in many of these countries has also contributed to the growth of adhesive film production.
While Asia-Pacific has been a dominating region, the Middle East and Africa have shown promise as one of the fastest-growing regions in the adhesive film market. The increasing urbanization, infrastructure development, and industrialization in some countries within this region have led to higher demand for adhesive films in construction, automotive, and packaging sectors. Additionally, a focus on diversifying economies and attracting foreign investments has driven growth in various industries, indirectly impacting the demand for adhesive films.
Global Adhesive Film Market By Geography
- Largest
- Fastest
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Adhesive Film Market Dynamics
Adhesive Film Market Drivers
Growing Demand in Packaging Industry:
- The adhesive film market is often driven by the packaging industry's demand for efficient and versatile packaging solutions. Adhesive films are used in various packaging applications, such as labeling, sealing, and laminating. The rise in e-commerce, consumer preferences for convenient packaging, and increasing emphasis on sustainable and visually appealing packaging can drive the demand for adhesive films.
Advancements in Manufacturing Techniques:
- Technological advancements have led to the development of adhesive films with improved performance characteristics, such as better adhesion, durability, and resistance to external factors like temperature and moisture. Manufacturers are constantly innovating to create adhesive films that can adhere to a wide range of substrates and offer enhanced properties, expanding their potential applications across industries like automotive, electronics, and construction.
Adhesive Film Market Restraints
Environmental Concerns and Regulations:
- Adhesive films can contain chemicals that are harmful to the environment and human health. As global awareness of environmental issues increases, there is growing pressure on industries to adopt more sustainable practices. Regulations related to chemical usage, waste disposal, and emissions can impact the adhesive film market by necessitating changes in formulations and production processes to meet stricter environmental standards.
Fluctuating Raw Material Prices:
- The adhesive film industry heavily relies on raw materials such as polymers, solvents, and additives. Fluctuations in the prices of these raw materials can impact the overall production cost of adhesive films. Sudden price increases can strain profit margins for manufacturers, leading to challenges in maintaining competitive pricing. Moreover, supply chain disruptions or shortages of critical raw materials can affect the industry's stability.
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Adhesive Film Market Competitive Landscape
The global adhesive film market is characterized by intense competition among key players vying for market share and innovation leadership. Established companies like 3M, Henkel, and Avery Dennison continue to dominate with their extensive product portfolios, strong distribution networks, and technological expertise. These industry giants constantly invest in research and development to introduce advanced adhesive film solutions for diverse applications, such as packaging, electronics, automotive, and medical. Moreover, the market has witnessed the emergence of smaller players and regional manufacturers offering specialized products catering to niche markets. Price competitiveness, product quality, and customization capabilities are critical factors influencing competitive dynamics. As sustainability gains prominence, environmentally friendly and biodegradable adhesive films are becoming focal points for differentiation. Partnerships, mergers, and acquisitions are common strategies adopted to expand geographic presence and enhance product offerings, highlighting the dynamic and competitive nature of the adhesive film industry.
Adhesive Film Market Top Player’s Company Profile
- Henkel AG & Co. KGaA (Germany)
- Avery Dennison Corporation (USA)
- Nitto Denko Corporation (Japan)
- Lintec Corporation (Japan)
- Scapa Group Plc (UK)
- Sekisui Chemical Co., Ltd. (Japan)
- Berry Global, Inc. (USA)
- LINTEC Corporation (Japan)
- H.B. Fuller (USA)
- Arkema Group (France)
- Sika AG (Switzerland)
- Bostik SA (France)
- Ashland Inc. (USA)
- Dow Inc. (USA)
- Mitsubishi Chemical Corporation (Japan)
- Mactac (USA)
- ITW Performance Polymers (USA)
- Saint-Gobain Performance Plastics (France)
- Polyplex Corporation Ltd. (India)
- UPM Raflatac (Finland)
- Avery Dennison Performance Tapes (USA)
- Sekisui TA Industries Inc. (USA)
Adhesive Film Market Recent Developments
-
In March 2024, UPM Raflatac and Mark Andy reestablished their partnership for label printing solutions. The agreement consolidates UPM's scope of reasonable label items with Mark Andy's capability in cutting-edge printing advances.
-
In February 2024, Park Aerospace Corp. presented their new Aeroadhere™ FAE-350-1 Structural Film Adhesive Product intended for holding aerospace primary and secondary designs.
-
In December 2023, DuPont disclosed their Printed Tedlar® PVF Solutions and PVF Coating at the Taipei Building Show, Taiwan's biggest structure materials exhibition.
-
In December 2023, Mactac Graphics and Signage Solutions presented Printvinyl Scored, a new product offering highlighting two pressure-sensitive adhesive (PSA) items with a scored liner intended for wide configuration and screen printers.
Adhesive Film Key Market Trends
- Growing Demand in Electronics and Automotive Sectors: Adhesive films were experiencing increased demand in the electronics and automotive sectors. As these industries continued to advance, there was a greater need for lightweight, durable, and technologically advanced bonding solutions. Adhesive films, with their ability to provide strong bonds without adding significant weight or bulk, were becoming more popular in applications like touchscreen displays, flexible circuitry, automotive interior and exterior components, and more.
- Rise of Sustainable and Low-VOC Adhesive Films: Environmental concerns were driving the development and adoption of adhesive films with lower volatile organic compound (VOC) emissions and improved sustainability profiles. Regulatory pressure and consumer preferences for eco-friendly products were pushing manufacturers to develop adhesive films that minimized their impact on indoor air quality and the environment. As a result, bio-based adhesives and solvent-free formulations were gaining traction in the market.
Adhesive Film Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global adhesive film market analysis, the market has witnessed significant growth in recent years. Adhesive films are versatile materials used for bonding applications across various industries such as packaging, automotive, electronics, and healthcare. This growth can be attributed to the increasing demand for lightweight and durable bonding solutions, coupled with advancements in manufacturing technologies. The packaging industry's need for efficient and aesthetically pleasing packaging solutions has driven the adoption of adhesive films. Moreover, the automotive sector's emphasis on reducing weight and improving fuel efficiency has further fueled the market's expansion. The electronics industry benefits from adhesive films for their ability to provide compact and reliable bonding in electronic components. However, challenges such as environmental concerns regarding the disposal of adhesive waste and competition from alternative bonding methods remain. Manufacturers are focusing on developing environmentally friendly and high-performance adhesive films to address these issues. In conclusion, the global adhesive film market continues to grow due to its wide-ranging applications and the ongoing pursuit of innovative adhesive technologies across industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.73 billion |
| Market size value in 2031 | USD 6.66 billion |
| Growth Rate | 3.87% |
| Base year | 2023 |
| Forecast period | 2023-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
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|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Adhesive Film Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Adhesive Film Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Adhesive Film Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Adhesive Film Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Adhesive Film Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Adhesive Film Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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