Rockville, Feb. 28, 2023 (GLOBE NEWSWIRE) -- On the basis of analysis by Fact.MR, the global film adhesives market is estimated to be valued at US$ 1.1 billion in 2023 and is expected to grow at a CAGR of 2.2% during the forecast period of 2023–2033 and reach a valuation of USD 1.3 billion in 2033.
With the growing manufacturing activities, especially manufacturing of aircraft, automotive, machines, robots, and others require adhesives to effectively bond internal or integrated parts of finished products to ensure the appropriate functioning of the product and its durability. Further, the growing use of adhesives in mushrooming automotive industry is likely to drive the film adhesives market during the forecast period.
Download Sample Copy of This Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=6402
The principal advantages of adhesives in the automotive industry are design flexibility and the joining of dissimilar or new materials, and others. Such factors drive film adhesives demand in automotive as well as other industries as well such as aerospace, electronics, and others.
Key Takeaways from Market Study
- Film adhesives market was valued at US$ 1.0 billion in 2022 and is estimated to grow at a CAGR of 2.2% and reach a valuation of US$ 1.3 billion by the end of 2033
- Electrical & electronic is expected to create more than 1/3rd of the global share in the film adhesives market
- In the global film adhesives market, East Asia is estimated to account for 25.7% market share in 2023
- China is estimated to grow at a CAGR of 7.0% during the forecast period 2023–2033
- Prominent film adhesives market players include Arkema Group, Solvay S.A., GLUETEX GmbH, H.B Fuller Company, Henkel AG & Co. KGaA, and 3M Company
- India, Australia, and South Korea are promising markets for the growth of the film adhesives
Market Growth Stratagems
Manufacturers are inclined towards establishing long-term trade relations with suppliers and end-users to survive during unfavourable trade situations. Further, innovative product development and pricing remain the go-to strategies to remain competitive in the market with the high competition at each level. Adoption of the digital platform to enhance global presence and customer base enable manufacturers to gain high-profit margins.
Get Customization on this Report for Specific Research Solutions –
https://www.factmr.com/connectus/sample?flag=RC&rep_id=6402
Competitive Landscape
Manufacturers are adopting price optimization as a key strategy to curb the demand pool during the assessment period. Further, new entrants are likely to witness high competition from well-established market players and stringent government regulations regarding chemicals and production-related emissions to challenge new entrants to penetrate the market.
The market players are investing in research and development to develop innovative products to cater to the needs of consumers.
For instance:
- In June 2021, Henkel AG launched a two-part epoxy adhesive named, Loctite EA 9365FST, which reinforces and bonds thermoset and thermoplastic substrates for use in aircraft interiors.
- In February 2021, Axiom Materials Inc. unveiled CerFaceTM AX-8810, a surfacing film designed to enhance the outer finish of ultra-high temperature CMC components for aerospace and industrial applications.
Key Companies Profiled
- Arkema Group
- Solvay S.A.
- GLUETEX GmbH
- H.B Fuller Company
- Henkel AG & Co. KGaA
- 3M Company
Segmentation of Film Adhesives Industry Research
- By Resin:
- Epoxy
- Cyanate Ester
- Acrylic
- Other
- By End–Use Industry:
- Electricals & Electronics
- Aerospace
- Automotive & Transportation
- Consumer
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Questions Covered in the Film Adhesives Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will sales in the global Film Adhesives Market grow until 2033?
- Which are the factors hampering the Film Adhesives market?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Film Adhesives Market during the forecast period?
Quick Buy: Film Adhesives Market Report –
https://www.factmr.com/checkout/6402
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the film adhesives market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of the resin (epoxy, cyanate ester, acrylic, other), end-use industry (electrical & electronics, aerospace, automotive & transportation, consumer, and others), and across prominent regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
Check out more related studies published by Fact.MR Research:
Structural Adhesives Market: Worldwide consumption of structural adhesives is predicted to increase at a CAGR of 6.7% from 2022 to 2032. The global structural adhesives market stands at a value of US$ 14.74 billion in 2022 and is estimated to bring in revenue of US$ 28.2 billion by the end of 2032.
Textile Adhesives Market: The textile adhesives industry is expected to witness changes in developed countries such as the U.S., the EU and Japan as the demand pattern will shift towards technical textiles. A major part of the textile industry is largely concentrated in China, South Asia and South-East Asia due to the availability of low-cost manpower and abundant raw materials in Asian countries.
UV Cured Adhesives Market: The global UV cured adhesives market has witnessed moderate growth at a CAGR of 6.7% over the past half-decade. However, in 2nd and 3rd quarter of FY2020, the market has stepped on the brakes of demand for fast curing adhesives such as UV cured adhesives, owing to contraction in demand for such adhesives across industries amidst the COVID-19 pandemic.
Pressure Sensitive Adhesives Market: Pressure-sensitive adhesives market is estimated to reach US$ 71 Bn by 2026, up from US$ 43.5 Bn in 2017, reflecting a CAGR of 5.6%. In the long-run, the industry is slated to reach US$ 93 Bn, expanding 1.8x from 2021 to 2031.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Yash Pathak
Email : yash@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
