The global film adhesive market is expected to witness significant growth on account of its application in various industries such as aerospace, automobile, construction, electrical and electronics. Film adhesives are formed with a thin flexible bonding layer and provides superior bonding with easily removable backing. They are a solvent-based adhesive that forms a thin bonding layer and acts as a substitute for conventional liquid adhesives in application industries. Film adhesives can be activated chemically, thermally, and through pressure, while other adhesives can be activated only through pressure. Growth of end-use industries including automobiles and construction is expected to drive the demand for the film adhesives in the coming years.
In aerospace applications, film adhesives are preferred over conventional adhesives on account of its superior strength, resistance to high temperature and pressure. Film adhesives aid in the manufacturing of large aerospace parts and make shop handling easier which reduces the cost substantially in the high-end aerospace applications. Increasing the aerospace market coupled with the growing MRO for aerospace is expected to drive, the demand for film adhesives over the forecasted period.
In the automobile industry, these films are used in applications such as headliners, door trim, and truck liners. Adhesives are replacing fasteners in the automobile sector owing to its high strength and light-weight property. The film adhesives reduce the overall weight of the vehicles as well as provides higher strength compared to traditional fasteners. The rising need for lightweight automobiles, especially the electronic vehicles segment, for the increased range is anticipated to have a positive impact on the industry growth of film adhesives in the coming years.
In the electrical and electronics industry, film adhesives are used for the bonding of surface-mount components, miniaturization, integrated circuits, and others. Since this adhesive is more thermally stable, it is used in the manufacturing and assembling of the electronic circuits. Growing usage of LED lightings and solar energy coupled with the increasing need for light-weight compact size electronic devices are expected to drive the industry growth over the forecasted period.
Adhesive film in the construction industry is used in a window molding to prevent scattering/falling of glass fragments due to earthquakes. Besides, they are used for mounting finishing which provides aesthetic design to spaces such as offices, hotels, and restaurants. Adhesive tapes are used for the bonding of door panels and are used in fast door assembly. Burgeoning building and construction industry, especially in Asian countries such as China, India, Indonesia are anticipated to have a positive impact on the film adhesive market in the coming years. The manufacturing cost is expected to be a barrier to the industry. However, increasing adoption of these adhesives in the automobile sector coupled with growing demand from medical and fitness wear is expected to offer lucrative opportunities to the product.
Based on resin type, the global film adhesive market is classified into epoxy resin, cyanate ester, acrylic, and others such as polyvinyl acetate, polyvinyl butyral. The epoxy segment is expected to dominate the global market in terms of owing to its high resistance to temperature, fatigue, and provides higher strength compared to all other types of resins.
The market can be segmented based on end-use industries into electrical & electronics, aerospace, automotive, and others. The automobile segment is anticipated to have a high share owing to the robust nature of the automotive industry. Increasing the aerospace MRO segment owing to rising international travels is expected to support the market growth.
The Asia Pacific is expected to have a high market share globally owing to the well-established automotive industry in the region. Rising demand for passenger cars as well as light commercial vehicles in the Asian countries is likely to have a positive impact on market growth. Growing industrial development coupled with the improving economic conditions are expected to offer lucrative growth to the film adhesives market in this region.
Henkel AG & Company, 3M, Cytec Solvay Group, H.B. Fuller, Dow Chemicals, BASF SE, Gluetex GmbH, Dupont, HMT manufacturing, Cosmo Films Ltd, Vibac Group, Hexel Corporation, Koninklijke Ten Cate BV, Pacific Coast Composites, Bondline Electronic Adhesives, Inc, Hitachi Chemical Co., Ltd, Arkema. Gurit, HMT Manufacturing, Dai Nippon Printing CO., Ltd, Everad Adhesives, Protavic International, LandL Products, Axiom Materials Inc, Fastel Adhesives and Substrates Products, Master Bond, Rogers Corporation, Tekni-Plex Inc., and others are some of the major key players in the global film adhesives market.
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