The Adhesive Films Market Size was registered USD 18.5 Billion in 2022 and is set to achieve a value of USD 26.9 Billion in 2032 growing at a CAGR of 3.9% from 2023 to 2032.
Adhesive films are generally thin layers of adhesives installed on sheets, films, or tapes of different types of materials such as fabric, polymer, or paper that require bonding with a surface. Adhesive films are used in a broad number of industries including automotive, packaging, electronics, medical, construction, footwear, and furniture. Adhesive films also find applications in several consumer products. Adhesive films are generally derived from different chemistries such as polyvinyl acetate, acrylic, polyurethane, epoxy, polyvinyl butyral, and silicone and styrene-butadiene copolymers. Adhesive films find wide applications since they are electrically conductive as well as electrically insulating.
Adhesive films are basic materials such as polymers, plastics, paper, and textiles with a thin layer on one or both surfaces. This aids them in sticking to the concerned surfaces. Adhesive films act as essential sticking joints between two surfaces. Adhesive films are used for labels, tapes, graphic wraps, glazing, protective films, masking, tinting, specialty films, and insulating among others. Adhesive films offer a broad spectrum of benefits including easy usage, lower material usage, quick disposal and application along with versatility in accordance with the utility of the end-user. The aforementioned advantages of adhesive films make them the material of choice for many consumers over conventional alternatives such as clamps and screws. Adhesive films have been adopted by a wide array of end-use industries such as electronics, packaging, automotive, medical, aerospace, and several industries among others.
Adhesive Films Market Report Statistics
Adhesive Films Market Dynamics
Adhesive Films Market Report Coverage
|Market||Adhesive Films Market|
|Adhesive Films Market Size 2022||USD 18.5 Billion|
|Adhesive Films Market Forecast 2032||USD 26.9 Billion|
|Adhesive Films Market CAGR During 2023 - 2032||3.9%|
|Adhesive Films Market Analysis Period||2020 - 2032|
|Forecast Data||2023 - 2032|
|Segments Covered||By Adhesive Type, By Application, By Material, By End-User, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||BASF SE, 3M Company, Henkel AG, Ashland Inc., E. I. Dupont de Nemours Company, The Dow Chemical Company.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Adhesive Films Market Growth Factors
Rising adoption of adhesive films and tapes especially the medical grade used for wound-care applications is a key factor driving the global adhesive films market. Moreover, increasing demand for adhesive films for application in light-weight and compact products and devices especially in the electrical and electronics industry is anticipated to fuel the market growth over the forecast period. In addition, rising pressure from government and non-government regulatory bodies in order to achieve lower carbon emission and improved mileage performance in vehicles in automotive industry is expected to boost the global market for adhesive films. Increasing growth in packaging industry in food & beverages sector is likely to propel the global adhesive film market over the forecast period. Also, frozen food industry being the predominant consumer of adhesive films is further expected to witness significant growth over the forecast period.
Adhesive films are generally used to bond plastics with paper or cardboard thus providing desired bonding capabilities. Furthermore, increase in demand for frozen food due to increase in hectic lifestyle especially in developed economies and metropolitan areas of emerging economies coupled with the rise in consumer spending ability are some major factors driving the global market revenue. However, volatility in prices of feedstock, especially the petroleum-based raw materials employed in the manufacture of adhesive films along with and stringent regulations against the use of volatile organic compounds emitting chemicals are some factors likely to hamper the growth of global adhesive films in the coming years.
Adhesive Films Systems Market Segmentation
The worldwide adhesive films market is categorized based on adhesive type, applications, material, end-user, and geography.
Market By Adhesive Type
Water-based adhesives are becoming increasingly popular due to their environmentally friendly properties, low toxicity, and low VOC (volatile organic compound) emissions. Acrylic adhesives are also commonly used in a variety of applications due to their versatility and good bonding properties. Rubber adhesives are commonly used in industries such as packaging, labeling, and paper converting, and silicone adhesives are used in high-temperature and harsh environment applications. Oil-based adhesives have been largely replaced by other types of adhesives due to concerns about their impact on the environment and human health.
Market By Application
According to the adhesive films industry analysis, labels and tapes are some of the most common applications for adhesive films due to their widespread use in a variety of industries such as packaging, labelling, and paper converting. Bags and pouches, as well as specialty films, are becoming increasingly popular due to their use in food packaging and medical applications. Surface protection films are used to protect surfaces from damage during transportation and storage in a variety of industries, including automotive, electronics, and building and construction. In the sign and display industry, graphic films are commonly used to create banners, signs, and other promotional materials. Non-conductive films are used to insulate electronic components in the electronics industry.
Market By Material
Polypropylene (PP) and polyethylene (PE) are the two most commonly used materials in the adhesive film market due to their good balance of properties, including high strength, durability, and versatility. Because of its good optical properties, high strength, and resistance to moisture and chemicals, bi-axially oriented polypropylene (BOPP) is also widely used in a variety of applications. Some applications use polyvinyl chloride (PVC), but its use has declined in recent years due to environmental and health concerns. Other materials, such as PET (polyethylene terephthalate) and EVOH (ethylene vinyl alcohol), are used in specific applications, such as food packaging and high-barrier applications, due to their high barrier properties and resistance to moisture and gases.
Market By End-User
According to the adhesive films market forecast, the automotive and transportation industry is also a significant user of adhesive films due to the need for durable and reliable bonding materials in vehicles, as well as the need for surface protection during transportation. Because of the widespread use of electronics and the need for dependable and efficient bonding and protection, the electrical and electronics industry is one of the largest users of adhesive films. Adhesive films are also used in the aerospace industry for applications such as insulation, surface protection, and bonding in aircraft. Adhesive films are also used in other industries such as building and construction, packaging, labeling, and medical.
Adhesive Films Market Regional Outlook
The Middle East & Africa
Adhesive Films Market Regional Analysis
The presence of the electrical and electronics, automotive, and aerospace industries in North America drives demand for adhesive films. The rising demand for high-performance and specialised adhesive films in these industries are propelling the region's adhesive film market forward.
The strong presence of the automotive, packaging, and labeling industries in Europe drives demand for adhesive films. The growing demand for environmentally friendly and sustainable adhesive films is also propelling the regional market forward.
The rapid growth of the electrical and electronics, automotive, and packaging industries in Asia-Pacific is driving demand for adhesive films. The region's market is also growing due to a growing middle-class population and rising disposable incomes.
Adhesive Films Market Players
Some of the leading adhesive films companies include BASF SE, 3M Company, Henkel AG, Ashland Inc., E. I. Dupont de Nemours Company, The Dow Chemical Company.
The size of global adhesive films market was valued US$ 18.5 Billion in 2022.
The CAGR of adhesive films market is 3.9% during the analysis period of 2023 to 2032.
The key players operating in the global market are BASF SE, 3M Company, Henkel AG, Ashland Inc., E. I. Dupont de Nemours Company, The Dow Chemical Company.
North America held the dominating position in adhesive films market during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for adhesive films market during the analysis period of 2023 to 2032.
The current trends and dynamics in the adhesive films industry include increasing demand for packaging and labeling, growing demand for high-performance and specialized adhesive films, and rising demand for environmentally friendly and sustainable adhesive films.
The acrylic adhesive type held the maximum share of the adhesive films market.