Adhesive Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Adhesive Films Market Analysis
The market for adhesive films is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are increasing demand from packaging industry and growing application in automotive sector. Stringent environmental regulations are expected to hinder the growth of the market studied.
- Packaging industry leads in the application of adhesive films followed by transportation industry owing to the advantage that it acts as an alternate to fasteners as well as paste and liquid adhesives.
- Adhesive films offer the simplest method of adhesive application to the substrate to be bonded with high efficiency and durability.
- Asia-Pacific region dominated the market for adhesive films market with China,India, Japan as major countries in consumption.
Adhesive Films Market Trends
This section covers the major market trends shaping the Adhesive Films Market according to our research experts:
Increasing Application in Packaging Industry
- Adhesive films are extensively used as alternatives to fasteners as well as paste and liquid adhesives in many end-use industries amongst which packaging industry leads in the application.
- With growing e-commerce sector, the packaging industry has been rapidly increasing over the couple of years creating scope for the usage of adhesive films.
- Film adhesives can be activated thermally, chemically, or using light or pressure. Pressure sensitive adhesive films are used in wide range of applications in packaging industry.
- Adhesive films are the most economical selection for bonding both porous and nonporous surfaces used to bond fabrics, plastics and others in packaging industry. It is available in roll form on release paper, stripped, or laminated to fabric, film or foil depending upon the usage.
- The Indian packaging industry which was valued at USD 31.7 billion in 2015 accounted for about USD 75.95 billion in 2019 showing rapid growth in this sector over the years.
- Packaging industry accounts for a major share in the utilization of adhesive films market with China, United States, Germany playing a major role in this market.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for adhesive films market during the forecast period. In countries like China, India and Japan due to the increasing demand from applications such as packaging and automotive industry, the market for adhesive films has been rapidly increasing in the region.
- The largest producers of adhesive films market are located in Asia-Pacific region. Some of the leading companies in the production of adhesive films are Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, L&L Products and Henkel AG & Co. KGaA.
- Adhesive films also have wide range applications in various industries like automotive, aerospace, electrical and electronics and others. Light-cured films are mostly preferred in electronic applications requiring higher strength at extreme temperature variations.
- Owing to the industrial development and improving economic conditions in Asia-Pacific region, and record usage of e-commerce in the region, the demand for adhesive films has been increasing the region.
- In October 2019, largest e-commerce giants like Amazon and Flip kart together accounted for gross sales of about USD 3.5 billion in India witnessing a rise of 33% over the previous year.
- The aforementioned factors coupled with government support are contributing to the increasing demand for adhesive films market during the forecast period.
Adhesive Films Industry Overview
The global adhesive films market is fragmented with players accounting for a marginal share of the market. Few companies include Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, Henkel AG & Co. KGaA, L&L Products.
Adhesive Films Market Leaders
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Toray Advanced Composites
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NITTO DENKO CORPORATION
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L&L Products
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H.B. Fuller Company
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Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
Adhesive Films Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from Packaging Industry
- 4.1.2 Growing Application in Automotive Sector
-
4.2 Restraints
- 4.2.1 Stringent Environmental Regulations
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Material
- 5.1.1 Polyethylene
- 5.1.2 Polypropylene
- 5.1.3 Polyvinyl Chloride
- 5.1.4 Polyvinyl Butyral
- 5.1.5 Others
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5.2 Application
- 5.2.1 Protective
- 5.2.2 Graphics
- 5.2.3 Labels
- 5.2.4 Tapes
- 5.2.5 Others
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5.3 End-user Industry
- 5.3.1 Packaging
- 5.3.2 Transportation
- 5.3.3 Electrical & Electronics
- 5.3.4 Others
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Adhesive Films,Inc.
- 6.4.3 Avery Dennison Corporation
- 6.4.4 Grafix Plastics.
- 6.4.5 H.B. Fuller Company
- 6.4.6 Henkel AG & Co. KGaA
- 6.4.7 L&L Products
- 6.4.8 NITTO DENKO CORPORATION
- 6.4.9 TEKRA
- 6.4.10 Toray Advanced Composites
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Application in Medical and Fitness Wear
- 7.2 Other Opportunities
Adhesive Films Industry Segmentation
The Adhesive Films market report include:
| Material | Polyethylene | |
| Polypropylene | ||
| Polyvinyl Chloride | ||
| Polyvinyl Butyral | ||
| Others | ||
| Application | Protective | |
| Graphics | ||
| Labels | ||
| Tapes | ||
| Others | ||
| End-user Industry | Packaging | |
| Transportation | ||
| Electrical & Electronics | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Adhesive Films Market Research FAQs
What is the current Adhesive Films Market size?
The Adhesive Films Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Adhesive Films Market?
Toray Advanced Composites, NITTO DENKO CORPORATION, L&L Products, H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the Adhesive Films Market.
Which is the fastest growing region in Adhesive Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Adhesive Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Adhesive Films Market.
What years does this Adhesive Films Market cover?
The report covers the Adhesive Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Adhesive Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Adhesive Films Industry Report
Statistics for the 2024 Adhesive Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Adhesive Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
