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According to IMARC Group’s latest report, titled “Adhesive Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global adhesive film market size reached US$ 32.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027.
Adhesive films refer to partially cured thermosetting polymers or solid thermoplastic sheets. They are specifically designed to attach large-area components, substrates, lids, etc., under extreme pressure or heat. Adhesive films comprise of several materials, including polyethylene, polyvinyl chloride, polypropylene, polyvinyl acetate, polyvinyl butyral, etc. They are classified into water-based adhesives, solvent-based adhesives, hot melt adhesives, pressure-sensitive adhesives, etc. Adhesive films are widely used across numerous industries, such as aerospace, electronics, construction, automotive, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The growing product utilization as bonding agents in automobiles is one of the primary factors driving the adhesive film market. Besides this, the escalating demand for adhesive films among designers for enabling unique design features instead of welding, bonding, sealing, laminating, etc., is further propelling the market growth. Moreover, the launch of various initiatives by numerous government bodies to reduce harmful emissions by promoting film adhesives that are silicone- and halogen-free is also catalyzing the global market. Apart from this, the introduction of next-generation bio-adhesive films that ensure enhanced performance is acting as another significant growth-inducing factor. Additionally, the increasing product usage in the electronics industry to hold information labels and warnings and to protect insulation wraps is expected to fuel the adhesive film market over the forecasted period.
Report Scope of Adhesive Film Market:
Breakup by End Use Industry:
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