Film Adhesive Market

Film Adhesive Market Size, Share, Growth Analysis, By Application(Electronics & Electrical, Medical), By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)(North America, The U.S.) - Industry Forecast 2024-2031

Report ID: UCMIG15E2521 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Film Adhesive Market Insights

Market Overview:

The global film adhesive market has displayed a robust foundation for growth. Projections indicate a steady advancement with a compound annual growth rate (CAGR) of 2.3% from 2020 through 2027. This promising trajectory can be attributed to escalating demand for innovative adhesive solutions across various industries. Film adhesives, known for their versatile applications and bonding efficiency, are anticipated to play a pivotal role in addressing diverse bonding needs in sectors such as manufacturing, construction, aerospace, and automotive. The consistent expansion of these industries, coupled with the ongoing quest for enhanced adhesive technologies, underscores the favorable landscape for the global film adhesive market's sustainable expansion.

Film Adhesive Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Film Adhesive Market is segmented by Application, Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027). We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Film Adhesive Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Application the market is segmented as, Electronics & Electrical, Medical, Automotive, Others
  • Based on Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) the market is segmented as, North America, The U.S., Europe, Germany, The U.K., Asia Pacific, China, India, South Korea, Central & South America, Brazil, Middle East & Africa, KEY MARKET PLAYERS, 3M, Henkel, Bostik, Toray Industries, Avery Dennison Corporation

Regional Analysis:

Film Adhesive Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Film Adhesive Market Attractiveness Analysis, By Region 2020-2028
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Film Adhesive Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Film Adhesive Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Film Adhesive Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Film Adhesive Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Film Adhesive Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • view
  • The global film adhesive market size was valued at USD 398.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2020 to 2027. The growth in the electronics and electrical sector, coupled with medical equipment manufacturing, is anticipated to propel market growth.
  • Film adhesive, as the name implies, is a type of adhesive tape used for large and small substrates in various end-use industries. In the electronics industry, considering the shrinking of assembling with rising power requirements, it becomes vital to have proper thermal management. Application of film adhesive in electronics and electrical provides thermal and mechanical properties and reduces the assembly costs.
  • U.S. is amongst the leading manufacturers in the electronics and electrical industry. In 2018, the country exports for electronic circuit components stood at USD 37.7 billion with a global share of 5.3%. Rising concerns among electronic manufacturers over-improving product quality, lead times, and low-cost production propelled them to make use of innovative adhesives. Technological advancements in polymer chemistry and delivery mechanisms benefit manufacturers and provide them with a wide variety of options to choose from. Epoxy film adhesives offer advantages in electronic manufacturing over liquid and paste adhesives owing to their solid state that allows them to be cut in desired shape as per customization.
  • The ability of film adhesive to be applied uniformly to the substrate with least wastage makes it a preferable choice in joining intricate shapes and in applications that require precise bond lines. Hence, they are used for attaching substrates into microelectronic package housing, where sensors and other sensitive electronic components are involved.
  • However, the market for film adhesive is anticipated to witness sluggish growth across the forecast period owing to the availability of substitutes in the market and the Covid-19 pandemic across the globe. The crisis has significantly impacted the raw material supplies for adhesives and sealants. Apart from resins and binders, several other materials are used in production, which is being directed towards other applications. For example, alcohols are sent for hand sanitizers and photo initiators for UV applications.
  • Application Insights
  • Medical application is expected to witness a CAGR of 2.7% 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 34.7% 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.
  • The medical segment is anticipated to witness the fastest growth across the forecast period. Film adhesive is widely used in the medical industry in ultrasound and mammography equipment, x-ray and blood monitoring equipment, PET/CT and MRI scanners, and bone densitometers. Its use has further propelled amidst the pandemic with an increasing need for medical equipment.
  • The other application segment includes construction, aerospace and defense, paper/printing, and others. The segment is anticipated to witness sluggish growth, along with automotive and transportation. Decline in industrial and manufacturing activities across the globe, coupled with transport-related delays in supplying raw materials, has impacted the segment growth.
  • Regional Insights
  • Asia Pacific dominated the market for film adhesive in 2019 with a revenue share of 56.4% 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 15.0% from 2014 to 2019.
  • Significant growth is anticipated in coming years, considering the investments and favorable government policies in the country. For example, the National Policy on Electronics 2019 targets a turnover of USD 400 billion by 2025 in the country. Moreover, in 2019, Chinese white goods company, Midea announced an investment of ₹1,350 crores in a manufacturing plant in Pune, Maharashtra, India, which will be engaged in producing home appliances, HVAC products, and compressors.
  • 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 9.1% of the GDP.
  • Brazil is amongst the few countries to witness positive growth of 2.3% 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.
  • North America and Europe are expected to witness sluggish growth across the forecast period owing to the Covid-19 pandemic that has largely impacted the global economy, especially in countries like U.S., Spain, Italy, U.K., Germany, France, Russia, and Turkey. It is difficult for the countries to resume their operations soon, which is expected to impact film adhesive industry growth in the long term.
  • KEY MARKET SEGMENTS
  • By Application
  • Electronics & Electrical
  • Medical
  • Automotive
  • Others
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
  • North America
  • The U.S.
  • Europe
  • Germany
  • The U.K.
  • Asia Pacific
  • China
  • India
  • South Korea
  • Central & South America
  • Brazil
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • 3M
  • Henkel
  • Bostik
  • Toray Industries
  • Avery Dennison Corporation
  • H.B Fuller"

SkyQuest's Expertise:

The Film Adhesive Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Application - Electronics & Electrical, Medical, Automotive, Others
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) - North America, The U.S., Europe, Germany, The U.K., Asia Pacific, China, India, South Korea, Central & South America, Brazil, Middle East & Africa, KEY MARKET PLAYERS, 3M, Henkel, Bostik, Toray Industries, Avery Dennison Corporation
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • view
  • The global film adhesive market size was valued at USD 398.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2020 to 2027. The growth in the electronics and electrical sector, coupled with medical equipment manufacturing, is anticipated to propel market growth.
  • Film adhesive, as the name implies, is a type of adhesive tape used for large and small substrates in various end-use industries. In the electronics industry, considering the shrinking of assembling with rising power requirements, it becomes vital to have proper thermal management. Application of film adhesive in electronics and electrical provides thermal and mechanical properties and reduces the assembly costs.
  • U.S. is amongst the leading manufacturers in the electronics and electrical industry. In 2018, the country exports for electronic circuit components stood at USD 37.7 billion with a global share of 5.3%. Rising concerns among electronic manufacturers over-improving product quality, lead times, and low-cost production propelled them to make use of innovative adhesives. Technological advancements in polymer chemistry and delivery mechanisms benefit manufacturers and provide them with a wide variety of options to choose from. Epoxy film adhesives offer advantages in electronic manufacturing over liquid and paste adhesives owing to their solid state that allows them to be cut in desired shape as per customization.
  • The ability of film adhesive to be applied uniformly to the substrate with least wastage makes it a preferable choice in joining intricate shapes and in applications that require precise bond lines. Hence, they are used for attaching substrates into microelectronic package housing, where sensors and other sensitive electronic components are involved.
  • However, the market for film adhesive is anticipated to witness sluggish growth across the forecast period owing to the availability of substitutes in the market and the Covid-19 pandemic across the globe. The crisis has significantly impacted the raw material supplies for adhesives and sealants. Apart from resins and binders, several other materials are used in production, which is being directed towards other applications. For example, alcohols are sent for hand sanitizers and photo initiators for UV applications.
  • Application Insights
  • Medical application is expected to witness a CAGR of 2.7% 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 34.7% 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.
  • The medical segment is anticipated to witness the fastest growth across the forecast period. Film adhesive is widely used in the medical industry in ultrasound and mammography equipment, x-ray and blood monitoring equipment, PET/CT and MRI scanners, and bone densitometers. Its use has further propelled amidst the pandemic with an increasing need for medical equipment.
  • The other application segment includes construction, aerospace and defense, paper/printing, and others. The segment is anticipated to witness sluggish growth, along with automotive and transportation. Decline in industrial and manufacturing activities across the globe, coupled with transport-related delays in supplying raw materials, has impacted the segment growth.
  • Regional Insights
  • Asia Pacific dominated the market for film adhesive in 2019 with a revenue share of 56.4% 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 15.0% from 2014 to 2019.
  • Significant growth is anticipated in coming years, considering the investments and favorable government policies in the country. For example, the National Policy on Electronics 2019 targets a turnover of USD 400 billion by 2025 in the country. Moreover, in 2019, Chinese white goods company, Midea announced an investment of ₹1,350 crores in a manufacturing plant in Pune, Maharashtra, India, which will be engaged in producing home appliances, HVAC products, and compressors.
  • 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 9.1% of the GDP.
  • Brazil is amongst the few countries to witness positive growth of 2.3% 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.
  • North America and Europe are expected to witness sluggish growth across the forecast period owing to the Covid-19 pandemic that has largely impacted the global economy, especially in countries like U.S., Spain, Italy, U.K., Germany, France, Russia, and Turkey. It is difficult for the countries to resume their operations soon, which is expected to impact film adhesive industry growth in the long term.
  • KEY MARKET SEGMENTS
  • By Application
  • Electronics & Electrical
  • Medical
  • Automotive
  • Others
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
  • North America
  • The U.S.
  • Europe
  • Germany
  • The U.K.
  • Asia Pacific
  • China
  • India
  • South Korea
  • Central & South America
  • Brazil
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • 3M
  • Henkel
  • Bostik
  • Toray Industries
  • Avery Dennison Corporation
  • H.B Fuller"
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

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 Film Adhesive 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
  • 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 Film Adhesive 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
  • 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
  • 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(%)
  • view
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The global film adhesive market size was valued at USD 398.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2020 to 2027. The growth in the electronics and electrical sector, coupled with medical equipment manufacturing, is anticipated to propel market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Film adhesive, as the name implies, is a type of adhesive tape used for large and small substrates in various end-use industries. In the electronics industry, considering the shrinking of assembling with rising power requirements, it becomes vital to have proper thermal management. Application of film adhesive in electronics and electrical provides thermal and mechanical properties and reduces the assembly costs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • U.S. is amongst the leading manufacturers in the electronics and electrical industry. In 2018, the country exports for electronic circuit components stood at USD 37.7 billion with a global share of 5.3%. Rising concerns among electronic manufacturers over-improving product quality, lead times, and low-cost production propelled them to make use of innovative adhesives. Technological advancements in polymer chemistry and delivery mechanisms benefit manufacturers and provide them with a wide variety of options to choose from. Epoxy film adhesives offer advantages in electronic manufacturing over liquid and paste adhesives owing to their solid state that allows them to be cut in desired shape as per customization.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The ability of film adhesive to be applied uniformly to the substrate with least wastage makes it a preferable choice in joining intricate shapes and in applications that require precise bond lines. Hence, they are used for attaching substrates into microelectronic package housing, where sensors and other sensitive electronic components are involved.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • However, the market for film adhesive is anticipated to witness sluggish growth across the forecast period owing to the availability of substitutes in the market and the Covid-19 pandemic across the globe. The crisis has significantly impacted the raw material supplies for adhesives and sealants. Apart from resins and binders, several other materials are used in production, which is being directed towards other applications. For example, alcohols are sent for hand sanitizers and photo initiators for UV applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Medical application is expected to witness a CAGR of 2.7% 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 34.7% 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The medical segment is anticipated to witness the fastest growth across the forecast period. Film adhesive is widely used in the medical industry in ultrasound and mammography equipment, x-ray and blood monitoring equipment, PET/CT and MRI scanners, and bone densitometers. Its use has further propelled amidst the pandemic with an increasing need for medical equipment.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The other application segment includes construction, aerospace and defense, paper/printing, and others. The segment is anticipated to witness sluggish growth, along with automotive and transportation. Decline in industrial and manufacturing activities across the globe, coupled with transport-related delays in supplying raw materials, has impacted the segment growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Regional Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific dominated the market for film adhesive in 2019 with a revenue share of 56.4% 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 15.0% from 2014 to 2019.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Significant growth is anticipated in coming years, considering the investments and favorable government policies in the country. For example, the National Policy on Electronics 2019 targets a turnover of USD 400 billion by 2025 in the country. Moreover, in 2019, Chinese white goods company, Midea announced an investment of ₹1,350 crores in a manufacturing plant in Pune, Maharashtra, India, which will be engaged in producing home appliances, HVAC products, and compressors.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 9.1% of the GDP.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil is amongst the few countries to witness positive growth of 2.3% 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America and Europe are expected to witness sluggish growth across the forecast period owing to the Covid-19 pandemic that has largely impacted the global economy, especially in countries like U.S., Spain, Italy, U.K., Germany, France, Russia, and Turkey. It is difficult for the countries to resume their operations soon, which is expected to impact film adhesive industry growth in the long term.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Electronics & Electrical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Medical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Automotive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The U.S.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The U.K.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Central & South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 3M
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Henkel
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bostik
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Toray Industries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Avery Dennison Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • H.B Fuller"
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Film Adhesive 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 Film Adhesive 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 Film Adhesive Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Film Adhesive 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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FAQs

The global market for Film Adhesive was estimated to be valued at US$ XX Mn in 2021.

The global Film Adhesive Market is estimated to grow at a CAGR of XX% by 2028.

The global Film Adhesive Market is segmented on the basis of Application, Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027).

Based on region, the global Film Adhesive Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Film Adhesive Market are view , The global film adhesive market size was valued at USD 398.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2020 to 2027. The growth in the electronics and electrical sector, coupled with medical equipment manufacturing, is anticipated to propel market growth. , Film adhesive, as the name implies, is a type of adhesive tape used for large and small substrates in various end-use industries. In the electronics industry, considering the shrinking of assembling with rising power requirements, it becomes vital to have proper thermal management. Application of film adhesive in electronics and electrical provides thermal and mechanical properties and reduces the assembly costs. , U.S. is amongst the leading manufacturers in the electronics and electrical industry. In 2018, the country exports for electronic circuit components stood at USD 37.7 billion with a global share of 5.3%. Rising concerns among electronic manufacturers over-improving product quality, lead times, and low-cost production propelled them to make use of innovative adhesives. Technological advancements in polymer chemistry and delivery mechanisms benefit manufacturers and provide them with a wide variety of options to choose from. Epoxy film adhesives offer advantages in electronic manufacturing over liquid and paste adhesives owing to their solid state that allows them to be cut in desired shape as per customization. , The ability of film adhesive to be applied uniformly to the substrate with least wastage makes it a preferable choice in joining intricate shapes and in applications that require precise bond lines. Hence, they are used for attaching substrates into microelectronic package housing, where sensors and other sensitive electronic components are involved. , However, the market for film adhesive is anticipated to witness sluggish growth across the forecast period owing to the availability of substitutes in the market and the Covid-19 pandemic across the globe. The crisis has significantly impacted the raw material supplies for adhesives and sealants. Apart from resins and binders, several other materials are used in production, which is being directed towards other applications. For example, alcohols are sent for hand sanitizers and photo initiators for UV applications. , Application Insights , Medical application is expected to witness a CAGR of 2.7% 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 34.7% 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. , The medical segment is anticipated to witness the fastest growth across the forecast period. Film adhesive is widely used in the medical industry in ultrasound and mammography equipment, x-ray and blood monitoring equipment, PET/CT and MRI scanners, and bone densitometers. Its use has further propelled amidst the pandemic with an increasing need for medical equipment. , The other application segment includes construction, aerospace and defense, paper/printing, and others. The segment is anticipated to witness sluggish growth, along with automotive and transportation. Decline in industrial and manufacturing activities across the globe, coupled with transport-related delays in supplying raw materials, has impacted the segment growth. , Regional Insights , Asia Pacific dominated the market for film adhesive in 2019 with a revenue share of 56.4% 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 15.0% from 2014 to 2019. , Significant growth is anticipated in coming years, considering the investments and favorable government policies in the country. For example, the National Policy on Electronics 2019 targets a turnover of USD 400 billion by 2025 in the country. Moreover, in 2019, Chinese white goods company, Midea announced an investment of ₹1,350 crores in a manufacturing plant in Pune, Maharashtra, India, which will be engaged in producing home appliances, HVAC products, and compressors. , 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 9.1% of the GDP. , Brazil is amongst the few countries to witness positive growth of 2.3% 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. , North America and Europe are expected to witness sluggish growth across the forecast period owing to the Covid-19 pandemic that has largely impacted the global economy, especially in countries like U.S., Spain, Italy, U.K., Germany, France, Russia, and Turkey. It is difficult for the countries to resume their operations soon, which is expected to impact film adhesive industry growth in the long term. , KEY MARKET SEGMENTS, By Application, Electronics & Electrical , Medical , Automotive , Others , By Regional (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) , North America , The U.S. , Europe , Germany , The U.K. , Asia Pacific , China , India , South Korea , Central & South America , Brazil , Middle East & Africa , KEY MARKET PLAYERS, 3M , Henkel , Bostik , Toray Industries , Avery Dennison Corporation , H.B Fuller".

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