Adhesive films are usually those thin layers of adhesives applied on films, sheets or tapes of various types of substances including polymer, fabric or paper which require a strong bonding with a provided surface. Adhesive films are employed in a wide number of end-use industries such as packaging, automotive, medical, electronics, footwear, construction and furniture. Adhesive films also find a wide array of applications in various consumer products. Adhesive films are usually derived from distinct chemistries including acrylic, polyvinyl acetate, epoxy, polyurethane, silicone, polyvinyl butyral and styrene butadiene copolymers. Adhesive films also find a large number of applications as they are conductive in terms of electric potential as well as are electrically insulating in nature. Adhesive films are basically materials of films such as plastics, polymers, textiles and paper along with a thin layer on one or both the surfaces. This aids adhesive films in sticking to the desired surfaces. Adhesive films act as crucial sticking joints across two provided surfaces. Adhesive films are further used tapes, labels, glazing, graphic wraps, masking, protective films, specialty films, tinting and insulating across others.
Increasing adoption of adhesive tapes and films majorly in the medical grade employed for wound care purposes is a major factor fueling the growth of the global adhesive films market. In addition, rising demand for adhesive films for application in compact and light weight products and materials especially in the electronics and electrical industries is projected to propel the growth of the global adhesive films market during the forecast period. In addition to this, increasing pressure from non-governmental and governmental regulatory bodies to achieve relatively more lower carbon emission as well as efficient performance in terms of mileage in vehicles in the automobile industry is projected to bolster the demand for adhesive films in the global adhesive films market. Rapid growth of packaging industry mainly in food & beverages sector is another factor which is more likely to augment the growth of the global adhesive films market during the forecast period.
The global adhesive films market can be divided based on technology, type, application and geography. On the basis of type, the global adhesive films market can be divided into silicone, epoxy, resins, polyurethane, polymers, acrylic and others. Based on technology, the global adhesive films market can be divided into pressure sensitive, light cured others and hot melt. On the basis of application, the global adhesive films market can be bifurcated into packaging, automotive, construction, medical, furniture, electrical and electronics and others. On the basis of region, the global adhesive films market can be divided into five major regions namely North America, Latin America, Europe, Middle East& Africa and Asia Pacific. The robust demand mainly in the Asia Pacific region is expected to be one of the key driving factors for the overall growth of the global market. Furthermore , China is advance projected to account for the highest share in the global market and is predicted to maintain its lead in the overall demand during the forecast period. This can be recognized to rapid industrialization and rising urbanization during the past few years. The markets in other developing economies such as Brazil, Argentina, Poland, Russia, Indonesia, New Zealand among others are also expected to witness a rapid growth throughout the forecast period. Moreover, increasing per capita disposable income and surge in the global economy is major key factor which is predictable to bring impetus in the
Key players effective in the global market are focused on some of the major market strategies such as partnerships , mergers, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players involved in the manufacture and supply of adhesive films include 3M Company, BASF SE, Ashland Inc., Henkel AG, The Dow Chemical Company, DuPont de Nemours Company and others.
The global adhesive films market segmented:
• Pressure sensitive
• Light cured
• Electrical and electronics
• North America
• Latin America
• Middle East& Africa
• Asia Pacific