Home Industries Market Insights About Us Publisher Contact us

Film Adhesives Market Size, Share & Trends Analysis Report by Type (Pressure-sensitive, Heat Cured (Thermoset and Thermoplastic), Resin Type (Epoxy, Polyurethane, Acrylic, Polyamide, Phenolic, Others), Substrate (Metal, Fabric & Leather, Composites, Aramid Honeycomb Cores, Rubber, and Others), End-Use Industry (Automotive Industry, Aerospace Industry, Marine and others) Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2027

Categories: Chemicals And Materials

Formate :

Film Adhesives Market Overview

Film Adhesives Market is expected to reach $1.48 billion by 2026 and is projected to grow at a CAGR of 5.34% from 2022-2027. Film adhesives can be defined as thin layers with solvent adhesives supported by a removable underlay. The resin used in these sheets includes, however, is not limited to epoxy adhesives, polyurethane adhesives, and acrylic adhesives. They demonstrate superb bonding to substrates like fiber, leather, urethane foam, Aramid honeycomb cores, and more. The Film Adhesives market is one of the leading providers for the Aerospace and Automotive Industry, mainly used for casing and reinforcing structural materials, among other uses. 

COVID-19 Impact on Film Adhesives Market

For the better part of 2020, the COVID-19 Pandemic has been the biggest challenge for many, if not all, industries. Among these industries, the Aerospace and Automotive Industries were hit the hardest. The global production of automobiles is estimated to have fallen by 15.6% throughout 2020, as per data from OICA. While not as drastic as the industries mentioned above, the Consumer Electronics Industry had also declined. As an example, according to NPD, the U.S. Consumer Technology Industry saw a decline of 4% in 2020. As a provider to these industries, the Film Adhesives Industry also saw a decline, specifically on the Aerospace end of their business. A decrease in the manufacture of Aircraft also meant a reduction in the sales of Film Adhesives. Though not impacted directly, the Film Adhesives market share fell during the Pandemic. 

Film Adhesives Market

Report Coverage

The report: "Film Adhesives Market – Forecast (2022-2027)" covers an in-depth analysis of the following segments of the Film Adhesives Market.

By Type: Pressure-sensitive, Heat Cured (Thermoset and Thermoplastic)

By Resin Type: Epoxy, Polyurethane, Acrylic, Polyamide, Phenolic, Cyanate Ester, Others

By Substrate: Metal, Fabric & Leather, Composites, Aramid Honeycomb Cores, Rubber & Plastic, Others           

By End-Use Industry: Automotive Industry, Aerospace Industry, Marine, Building & Construction, Electrical & Electronics Industry, Others

By Geography: Global, North America, South America, Europe, Asia Pacific, and RoW

 

Key Takeaways

  • Asia-Pacific dominates the Film Adhesives market, owing to the automotive & transportation industry in the region.
  • Film Adhesives cost significantly more than liquid adhesives. However, they're far easier to operate, produce the least waste, and undergo bare minimum material loss amongst bonds.
  • In the Aerospace Industry, film Adhesives are the most preferred form of adhesives as their strength, durability, and ease of appliance far outweigh the usage of any other form of adhesives.

 

Drivers - Film Adhesives Market 

Low Production Cost, Availability & Regulations in APAC: - 

Many key players in the industry are shifting their manufacturing activities to countries like China, India, Indonesia, Taiwan, and the rest of APAC. This is because the cost of production is much cheaper in APAC. The Automotive, Aerospace, and Electrical & Electronics industries are flourishing in APAC, so it is much more profitable for the Film Adhesives market to move their manufacturing to APAC to avoid unnecessary expenses on export. On top of that, raw materials are also far more accessible, and government regulations aren't as stringent. These factors prove to be a recipe for success for the Film Adhesives Industry.

 

Opportunity - Film Adhesives Market 

  • Frequent Development in Film Adhesives: 

Film adhesives are the most straightforward way to apply adhesive to the Substrate attached. The necessity for thermal management is becoming increasingly important as electronic equipment's functionality, and power requirements grow. Epoxy film adhesives are required for numerous applications in the aerospace, telecommunications, and electronics industries due to the need for consistent bond line application and the prevention of air inclusions over vast regions. Heat-activated film adhesives from Henkel can help you cut down on curing time and improve the efficiency of your industrial processes. Similarly, Mactac has added retro-reflective films to its Lintec label stock portfolio, allowing long-range barcode reading in warehouse applications and industrial labeling. The movies are made of polyester with glass beads embedded in them, allowing for long-range barcode scanning up to 50 feet away. The indoor longevity of retro-reflective films is up to two years, while the outdoor durability is two years.

 

Challenges - Film Adhesives Market 

  • High Cost of Film Adhesives: 

The cost of film adhesives is much higher than other liquid adhesives. This is because the manufacturing process, from machines to techniques, is far more intricate and expensive than liquid adhesives. In addition, the commonly used raw materials used in Film Adhesives are Epoxy and Polyurethane, both of which are more expensive than other polymers like Vinyl Ester (VE) or Unsaturated Polyester (UPE). Owing to this factor, the product of film adhesives comes with a higher price than its competing adhesives, which tends to constrain the market's growth. Therefore, even though Film Adhesives produce marvelous results, customers are bound to prefer cheaper options unless film adhesives are paramount in the customers' requirements.

By Type – Segment Analysis

Heat Cured Film Adhesives holds the majority of the share in 2021. Heat curing is the more commonly used Film Adhesive as it shows incredible bonding capabilities with substrates across the board, be it metals, honeycomb cores, or composites. Heat-cured film adhesives can be further classified into Thermoplastic Film Adhesives, which have a reversible bonding mechanism depending on the curing temperature, and Thermoset Film Adhesives, which are irreversible once it is cured and form an excellent bond with the Substrate. Pressure Sensitive Film Adhesives bond to substrates when a degree of pressure is applied to them. Its applications are varied, ranging from bonding Polyvinyl Formal (PVF) and vinyl materials in commercial Aircraft interiors to nameplate bonding in vehicles to sealing consumer goods and fabrics.

By Resin Type – Segment Analysis

Epoxy Resin held the largest share in 2021. It is used for bonding with metallic, non-metallic, composite, and honeycomb substrates, and it shows excellent strength and durability in bonding. Some end-use industry applications include primary and secondary structural materials in Aircraft, nacelles in aircraft propulsion systems, inner linings of galleys, floorings, lavatories, bins, and cabins in Aircraft sealing microelectronic packages in devices, bonding hot devices with heat sinks, and many more. Some of the other types of Resins are Acrylic, which forms a lot of the pressure-sensitive film adhesives, and Polyurethane, which are used for bonding advanced composites, pet films, and artificial and genuine leather. 

 

By Substrate – Segment Analysis

Composite held the largest market share in the Film Adhesives industry in 2021. While overlooked mainly during segmentation, one must also segregate Film Adhesives based on the type of Substrate the adhesive can bond with. This is because, at an instance, one adhesive might bond far better with some substrates than others. Some of the common substrates used for bonding are metals, fabrics & leathers, composite structures, aramid honeycomb cores, urethane foam, rubber, fiberglass, and more. Most epoxy-based film adhesives are used to bond metals with differing Coefficients of Thermal Expansion (CTE's) and composite structures. This is because epoxy film adhesives show incredible resilience to high temperatures and can hold together metals, honeycomb cores, and composites in many different scenarios. 

 

By End-Use Industry – Segment Analysis

The Automotive & Transportation Industry will hold the largest market share in the Film Adhesives Market in 2021. The Film Adhesives Industry primarily supplies to the Aerospace, Automotive and the Electrical and Electronics Industry. Film Adhesives play a crucial role as adhesives in the automotive industry. This growth is primarily attributed to the rapid growth of the automotive industry in the APAC region. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the total number of automotive units produced in the year 2020 was a total of 77.621 million. Due to their outstanding strength and durability in bonding with metals and leathers, film adhesives are the go-to adhesives for the industry. They also play an integral role in the assembly functions. In the electrical and electronics industry, the electronics industry is estimated to decline production by 1% year on year to USD 1967.4 billion, according to Japan Electronics and Information Technology Industries Association (JEITA).  

 

By Geography – Segment Analysis

Asia-Pacific region held the largest share in the Film Adhesives market in 2021, owing to the automotive and aerospace industries in part. Another factor contributing to the growth of the Film Adhesives market in this area is the gradual shift of film adhesives' manufacturing facilities due to the region's low production cost. In addition, the increasing population and per capita income are boosting the aerospace industry in the area. According to Boeing Commercial Market Outlook 2018-2037, China will require 8,420 new aircraft over the next 20 years. Also, China currently accounts for 13% of the worldwide fleet, and by 2039 it will be nearly 19%. Over the next 20 years, Boeing reports 2,350 deliveries in South Asia, which India primarily dominates. With the flourishing aerospace industry in the region, there will be an upsurge in demand for aerospace components, which is anticipated to drive the Film Adhesives market in the Asia-Pacific region.

 

Competitive Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Film Adhesives Market. In the Film Adhesives market, the primary key players are 

  1. 3M Company
  2. Henkel AG
  3. Arkema (Bostik) 
  4. Solvay Group
  5. BASF SE
  6. Dow Chemical
  7. H. B. Fuller
  8. Gluetex GmbH
  9. Bayer AG
  10. DuPont
  • In October 2019, Arkema S.A acquired Prochimir SAS, specializing in developing technical films for industrial companies. This acquisition helps Arkema cement its position as one of the world leaders in thermo-bonding film adhesives.

Global Film Adhesives Market Growth, Trend and Forecast 2022-2027


Chapter 1 Film Adhesives Market Overview


1.1 Product Overview and Scope of Film Adhesives


1.2 Film Adhesives Market Segmentation by Type


1.2.1 Global Production Market Share of Film Adhesives by Type in 2022


1.2.1 Pressure-sensitive,


1.2.2 Heat Cured (Thermoset and Thermoplastic)


1.3 Film Adhesives Market Segmentation by Resin Type


1.3.1 Film Adhesives Consumption Market Share by Resin Type in 2022


1.3.2 Epoxy


1.3.3 Acrylic


1.3.4 Phenolic


1.3.5 Polyamide


1.3.6 Cyanate Ester


1.3.7 Polyurethane, Others


1.4 Film Adhesives Market Segmentation by Substrate


1.4.1 Metal,


1.4.2 Fabric & Leather


1.4.3 Composites


1.4.4 Aramid Honeycomb Cores


1.4.5 Rubber & Plastic, Others


1.5 Film Adhesives Market Segmentation by End-Use Industry  


1.5.1 Automotive Industry


1.5.2 Aerospace Industry


1.5.3 Marine, Building & Construction


1.5.4 Electrical & Electronics Industry, Others 


1.6 Film Adhesives Market Segmentation by Regions


1.6.1 North America


1.6.2 China


1.6.3 Europe


1.6.4 Southeast Asia


1.6.5 Japan


1.6.6 India


1.6. Global Market Size (Value) of Film Adhesives (2015-2028)


Chapter 2 Global Economic Impact on Film Adhesives Industry


2.1 Global Macroeconomic Environment Analysis


2.1.1 Global Macroeconomic Analysis


2.1.2 Global Macroeconomic Environment Development Trend


2.2 Global Macroeconomic Environment Analysis by Regions


Chapter 3 Global Film Adhesives Market Competition by Manufacturers


3.1 Global Film Adhesives Production and Share by Manufacturers (2021 and 2022)


3.2 Global Film Adhesives Revenue and Share by Manufacturers (2021 and 2022)


3.3 Global Film Adhesives Average Price by Manufacturers (2021 and 2022)


3.4 Manufacturers Film Adhesives Manufacturing Base Distribution, Production Area and Product Type


3.5 Film Adhesives Market Competitive Situation and Trends


3.5.1 Film Adhesives Market Concentration Rate


3.5.2 Film Adhesives Market Share of Top 3 and Top 5 Manufacturers


3.5.3 Mergers & Acquisitions, Expansion


Chapter 4 Global Film Adhesives Production, Revenue (Value) by Region (2015-2022)


4.1 Global Film Adhesives Production by Region (2015-2022)


4.2 Global Film Adhesives Production Market Share by Region (2015-2022)


4.3 Global Film Adhesives Revenue (Value) and Market Share by Region (2015-2022)


4.4 Global Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.5 North America Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.6 Europe Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.7 China Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.8 Japan Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.9 Southeast Asia Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


4.10 India Film Adhesives Production, Revenue, Price and Gross Margin (2015-2022)


Chapter 5 Global Film Adhesives Supply (Production), Consumption, Export, Import by Regions (2015-2022)


5.1 Global Film Adhesives Consumption by Regions (2015-2022)


5.2 North America Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


5.3 Europe Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


5.4 China Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


5.5 Japan Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


5.6 Southeast Asia Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


5.7 India Film Adhesives Production, Consumption, Export, Import by Regions (2015-2022)


Chapter 6 Global Film Adhesives Production, Revenue (Value), Price Trend by Type


6.1 Global Film Adhesives Production and Market Share by Type (2015-2022)


6.2 Global Film Adhesives Revenue and Market Share by Type (2015-2022)


6.3 Global Film Adhesives Price by Type (2015-2022)


6.4 Global Film Adhesives Production Growth by Type (2015-2022)


Chapter 7 Global Film Adhesives Market Analysis by Application


7.1 Global Film Adhesives Consumption and Market Share by Application (2015-2022)


7.2 Global Film Adhesives Consumption Growth Rate by Application (2015-2022)


7.3 Market Drivers and Opportunities


7.3.1 Potential Applications


7.3.2 Emerging Markets/Countries


Chapter 8 Film Adhesives Manufacturing Cost Analysis


8.1 Film Adhesives Key Raw Materials Analysis


8.1.1 Key Raw Materials


8.1.2 Price Trend of Key Raw Materials


8.1.3 Key Suppliers of Raw Materials


8.1.4 Market Concentration Rate of Raw Materials


8.2 Proportion of Manufacturing Cost Structure


8.2.1 Raw Materials


8.2.2 Labor Cost


8.2.3 Manufacturing Expenses


8.3 Manufacturing Process Analysis of Film Adhesives


Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers


9.1 Film Adhesives Industrial Chain Analysis


9.2 Upstream Raw Materials Sourcing


9.3 Raw Materials Sources of Film Adhesives Major Manufacturers in 2022


9.4 Downstream Buyers


Chapter 10 Marketing Strategy Analysis, Distributors/Traders


10.1 Marketing Channel


10.1.1 Direct Marketing


10.1.2 Indirect Marketing


10.1.3 Marketing Channel Development Trend


10.2 Market Positioning


10.2.1 Pricing Strategy


10.2.2 Brand Strategy


10.2.3 Target Client


10.3 Distributors/Traders List


Chapter 11 Market Effect Factors Analysis


11.1 Technology Progress/Risk


11.1.1 Substitutes Threat


11.1.2 Technology Progress in Related Industry


11.2 Consumer Needs/Customer Preference Change


11.3 Economic/Political Environmental Change


Chapter 12 Global Film Adhesives Market Forecast (2022-2028)


12.1 Global Film Adhesives Production, Revenue Forecast (2022-2028)


12.2 Global Film Adhesives Production, Consumption Forecast by Regions (2022-2028)


12.3 Global Film Adhesives Production Forecast by Type (2022-2028)


12.4 Global Film Adhesives Consumption Forecast by Application (2022-2028)


12.5 Film Adhesives Price Forecast (2022-2028)


Chapter 13 Appendix                                           

Request For Methodology

To receive a sample copy of this report, please complete the form below

Kindly share your specific requirement (if any)

Request For List Of Tables

To receive a sample copy of this report, please complete the form below

Kindly share your specific requirement (if any)

FAQ

What is Film Adhesives?

Film adhesives can be defined as thin layers with solvent adhesives supported by a removable underlay. The resin used in these sheets includes, however, is not limited to epoxy adhesives, polyurethane adhesives, and acrylic adhesives.

What is the Film Adhesives market share?

Film Adhesives Market is expected to reach $1.48 billion by 2026 and is projected to grow at a CAGR of 5.34% from 2022-2027.

What are the key factors driving the Film Adhesives Market?

Many key players in the industry are shifting their manufacturing activities to countries like China, India, Indonesia, Taiwan, and the rest of APAC. This is because the cost of production is much cheaper in APAC. The Automotive, Aerospace, and Electrical & Electronics industries are flourishing in APAC, so it is much more profitable for the Film Adhesives market to move their manufacturing to APAC to avoid unnecessary expenses on export.

What are the top companies in the Film Adhesives Market?

3M Company, Henkel AG, Arkema (Bostik) , Solvay Group, BASF SE, Dow Chemical, H. B. Fuller, Gluetex GmbH, Bayer AG, DuPont

Which region has largest share in Global Film Adhesives Market?

Asia-Pacific region held the largest share in the Film Adhesives market in 2021, owing to the automotive and aerospace industries in part.

Choose License Type

Single User

US$ 4700

Multi User

US$ 7200

Corporate User

US$ 9000

Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

Chemicals And Materials Clients

Film Adhesives Market Size, Share & Trends Analysi...

RD Code : MC22