Global adhesive films market size was estimated at over 3.1 million tons in 2015. Revenue was estimated at over USD 10 billion in 2015 and is likely to exceed USD 16 billion by 2023, growing at over 5.8%.
Adhesive film tapes accounted for more than 45% of the total demand in 2015, with wide usage as one-sided tapes, double sided tapes & adhesive transfer tapes in several end-use industries such as automotives and electronics. Adhesive film labels market is expected to witness highest growth rate at a CAGR of more than 6% from 2016 to 2023 owing to increasing demand from end-use industries such as food & beverages and package
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Adhesive films market technologies include light-cured, pressure sensitive, hot melt, self cured and chemical cured. Pressure sensitive films dominated the market 2014. Light-cured films are likely to witness highest gains at a CAGR of more than 5.5% up to 2023. Hot melt adhesive films market finds wide uses in construction industry owing to ease in application and high bonding strength. Light-cured films are mostly preferred in electronic applications requiring higher strength at extreme temperature variations.
Increasing packaging applications, particularly in food & beverages industry is likely to drive adhesive films market over the forecast period. Frozen food industry has been the predominant consumer over the past few years. These are used to bond paper with the plastics or cardboard providing the desired information. Increase in frozen food demand owing to hectic lifestyle and rise in consumer spending capacity is likely to drive adhesive films market growth.
The global adhesive films market share is consolidated characterized by top four companies catering to major portion of the demand. The industry participants compete on the basis of prizing & services provided to end-user industries, which signifies a high degree of competition. Major companies operating in this market include Dow Chemical, BASF, Henkel, 3M Company. Other prominent companies include Bostik, Bayer, Gluetex, Gurit, DuPont, Presco and HMT Manufacturing.
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This latest Adhesive Films market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Adhesive Films industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Adhesive Films Market Size, Industry Analysis Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023” in detail along with the table of contents:
Key Insights in this Report
- Adhesive Films market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Adhesive Films market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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