Koninklijke Ten Cate BV, 3M, and H.B. Fuller Company are the key players in the film adhesives market
The recent study on the film adhesives market covers an in-depth analysis of the market on the basis of type, material, end-user industry, and geography. The report also covers the country level analysis within the regions as well. The report titled, “Film Adhesives Market – Forecasts from 2018 to 2023”, covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the film adhesives market by type (pressure sensitive, heat activated), material (thermoset, thermoplastic, flame retardant), end-user industry (automotive, aerospace, electrical and electronics, others), and geography (North America, South America, Europe, Middle East and Africa, and Asia Pacific). Film adhesives consist of a thin layer of adhesive supported on a removable backing. These adhesives are gaining traction in industries such as aerospace, automotive, assembly, etc. owing to their performance and handling convenience. Rapid globalization and urbanization across the globe are driving the demand for sophisticated products and structures which is influencing the film adhesives demand.
Furthermore, the growing trend of DIY (Do-It-Yourself) in developed and developing countries are playing an important role in the burgeoning demand for all types of adhesives. This, in turn, is having a positive impact on the film adhesives market growth. The market is expected to grow at a steady pace owing to the booming DIY industry in developing countries like India and growing automotive sector over the forecast period.
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Pressure sensitive film adhesives hold a significant share in the market.
Pressure sensitive film adhesives hold a significant share in the market is owing to their ease of use, no requirement of heat or equipment to bond, and ability to accommodate various application conditions. These are widely used in applications that include mounting of nameplates, construction of electronics or products with slim profiles, and decorative substances. Therefore, the demand for these film adhesives will grow at a good rate owing to the growing demand for electronic products across the globe.
Thermoplastic is expected to grow at a good rate in the film adhesive market.
Industrial bonding and welding with thermoplastic adhesive films is a relatively younger technique which is being steadily adopted by composites and textile industries as it provides more creep resistance of structural bonding. It is expected to grow at a good rate owing to its increasing use in the automobile and textile industries. Thus, burgeoning textile production will facilitate the growth of thermoplastic adhesives films in the upcoming years.
The automotive industry holds a significant share in the market
The automotive industry holds a significant share in the market, and it represents one of the most valuable markets for film adhesives. These adhesive films are widely used in continuous lamination for automotive parts such as molding for headliners, door trim and trunk liners, automotive assemblies, including windshields, brakes, wire harnesses, and exterior trim, etc. The market is expected to grow at a good CAGR owing to the growing automotive production over the forecast period.
Europe holds a significant share in the market
The Europe film adhesives market is estimated to hold a significant share in the global market in 2017, owing to the burgeoning demand for these adhesive films by the industries in this region. The film adhesive manufacturers are expanding their capacity in this region as to meet the demands of the industries. For instance, in September 2018, Solvay has increased their structural adhesives capacity with new automated UK plant, to meet demands from aerospace sector.
Some of the major players discussed in the reports are Koninklijke Ten Cate BV., Hexcel Corporation, Pacific Coast Composites, Bondline Electronic Adhesives, Inc., Bostik – an ARKEMA company, 3M, H.B. Fuller Company, and Hitachi Chemical Co., Ltd.
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