Adhesive Films Market Size, Industry Analysis Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2021 – 2027
Report ID: GMI245
The global adhesive films market will grow at an exponential rate with increasing applications in the construction, automotive and packaging industries. Soaring demand for high-tech bonding systems will further create a lucrative growth avenue for adhesive films.
Adhesive films are high-performance bonding agents that reduce material waste, customize thickness and provide flame retardancy. These films are used to join two surfaces and are made up of materials, including polyvinyl chloride, polyvinyl butyral, polyethylene, polyvinyl acetate and polypropylene. The trend for lightweight vehicles in the automotive industry has emphasized the popularity of adhesive films, boosting the adhesive films market share expansion during the assessment period 2021-2027.
The polyvinyl acetate based adhesive films are poised to observe significant growth owing to its use in the form of emulsions. Polyvinyl acetate adhesives provide tremendous compatibility and can boost the performance of the adhesive film. Prominently, they are environmentally friendly, making the product widely popular among the end-users.
Pressure sensitive adhesive films segment will witness appreciable gains during the forecast period 2021-2027. Pressure sensitive adhesives (PSA) are sought-after across end-use industries, including packaging, automotive, electronics and food production. Notably, manufacturers have exhibited interest for solvent-acrylic pressure sensitive adhesives as they provide durability and strength in demanding conditions. Some of the factors such as tolerance towards UV, resistance to chemical exposure and weather have made the technology popular in automotive tape, vehicle graphics, over-laminating films, durable labels and pharmaceutical labels.
Adhesive films market share from packaging applications is slated to grow at a sizable rate as the trend to reduce contact with oxygen, light and bacteria continues to surge in the next few years. Adhesive films act as a barrier between the environmental factors and contents and apparently produce less waste, use less materials and reduce line stoppages. Packaging adhesives have become a growth enabler to boost brand value and keep products secure during transit, auguring well for the industry outlook.
On the regional front, North America adhesive films market will provide lucrative growth opportunities with soaring demand for packaged frozen products in the U.S. and Canada. Leading companies are poised to bolster their grip over the adhesive films portfolio in the wake of demand across the medical sector. Demand for tapes will be noticeable for wound care solutions and will foster the revenue stream in the region.
Key industry players in the global adhesive films industry are 3M Company, DuPont, BASF, Dow Chemicals, Henkel, Bostik, HMT Manufacturing, Presco, Gluetex, Bayer and Gurit, among others. The competitive landscape indicates increased investments in research and developments, collaborations and product roll outs.
Henkel is considering expanding its UV capabilities in the U.S. in August 2020 for the construction of the new production unit. The company is investing in acrylic pressure sensitive adhesives (PSA) and will start the operation by the end of 2021.
Impact of COVID-19 on adhesive films market share
The pandemic has had a considerable influence on the industry outlook as the packaging adhesives portfolio is witnessing an impressive demand from the e-commerce and food & beverage industries. Medical devices, equipment and products such as virucides and antimicrobials are observing a surge in demand from healthcare providers, faring well for the adhesive films market outlook during the 2021-2027 forecast period. However, the transportation sector is expected to witness a plunge following the influence on the automotive supply chains.
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