Market Size of Adhesive Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Adhesive Films Market Analysis
The market for adhesive films is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are increasing demand from packaging industry and growing application in automotive sector. Stringent environmental regulations are expected to hinder the growth of the market studied.
- Packaging industry leads in the application of adhesive films followed by transportation industry owing to the advantage that it acts as an alternate to fasteners as well as paste and liquid adhesives.
- Adhesive films offer the simplest method of adhesive application to the substrate to be bonded with high efficiency and durability.
- Asia-Pacific region dominated the market for adhesive films market with China,India, Japan as major countries in consumption.
Adhesive Films Industry Segmentation
The Adhesive Films market report include:
Material | |
Polyethylene | |
Polypropylene | |
Polyvinyl Chloride | |
Polyvinyl Butyral | |
Others |
Application | |
Protective | |
Graphics | |
Labels | |
Tapes | |
Others |
End-user Industry | |
Packaging | |
Transportation | |
Electrical & Electronics | |
Others |
Geography | |||||||
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Adhesive Films Market Size Summary
The adhesive films market is poised for significant growth, driven primarily by the burgeoning demand from the packaging and automotive sectors. These films serve as efficient alternatives to traditional fasteners and liquid adhesives, offering high durability and ease of application. The packaging industry, in particular, is the leading sector in the utilization of adhesive films, benefiting from the rapid expansion of e-commerce. The Asia-Pacific region, with countries like China, India, and Japan, dominates the market due to its substantial consumption and industrial development. The region's economic growth and increasing e-commerce activities have further fueled the demand for adhesive films, making it a key player in the global market landscape.
Despite the promising growth prospects, the adhesive films market faces challenges from stringent environmental regulations, which could potentially hinder its expansion. However, the market remains fragmented, with several key players such as Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, and Henkel AG & Co. KGaA leading the production efforts. These companies are instrumental in catering to the diverse applications of adhesive films across various industries, including automotive, aerospace, and electronics. The ability of adhesive films to bond both porous and nonporous surfaces economically makes them a preferred choice in these sectors. As the market continues to evolve, government support and technological advancements are expected to play a crucial role in sustaining its growth trajectory.
Adhesive Films Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Packaging Industry
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1.1.2 Growing Application in Automotive Sector
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Polyethylene
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2.1.2 Polypropylene
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2.1.3 Polyvinyl Chloride
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2.1.4 Polyvinyl Butyral
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2.1.5 Others
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2.2 Application
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2.2.1 Protective
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2.2.2 Graphics
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2.2.3 Labels
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2.2.4 Tapes
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2.2.5 Others
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2.3 End-user Industry
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2.3.1 Packaging
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2.3.2 Transportation
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2.3.3 Electrical & Electronics
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2.3.4 Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Adhesive Films Market Size FAQs
What is the current Adhesive Films Market size?
The Adhesive Films Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Adhesive Films Market?
Toray Advanced Composites, NITTO DENKO CORPORATION, L&L Products, H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the Adhesive Films Market.