Pune, Dec 7, 2022: Maximize Market Research has published a new report entitled Bonding Films Market 2021-2029. The Bonding Films Market is estimated to be valued at USD 929.14 million in 2021. The market is projected to reach a market value of USD 1724.88 million by 2029 and is expected to grow at a CAGR of 8.04 % during the forecast period 2022-2029.
Bonding Films Market Report Scope:
The study provides a thorough examination of the global bonding films market. The research forecasts the bonding films market in USD terms from 2021 to 2029. The research estimates revenue growth at the global, regional, and country levels, as well as a full analysis of the most recent trends in each segment from 2021 through 2029. The market has been carefully investigated, both subjectively and statistically. A full analysis of the primary market drivers, obstacles, opportunities, challenges, and trends is also included. The report includes several significant industry features. A value chain analysis, PESTLE analysis, Porter’s Five Forces model, competitive landscape, benchmarking of key players (by product, price, investments, expansion plans, physical presence, and market presence), market dynamics, and market forecasting are all included in the bonding films market research report.
The bonding films market report examines the market’s potential for growth in several geographies. The research covers the areas of North America, South America, Asia-Pacific, Europe, the Middle East, and Africa. The study also covers the significant development potential in several geographical markets, which organisations entering the bonding films market should focus on in order to succeed. The study analyses the competitive landscape of the Bonding Films market, as well as the investment potential for current market participants and new entrants, in addition to the top players.
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Bonding Films Market Overview:
Bonding film is a high-strength, quick-bonding adhesive film for both metal and plastic connections. This material has the potential to stick to surfaces and keep things together. Bonding films include a variety of characteristics, including flexibility, narrow bond widths, little leakage, and regulated and consistent thickness. Bonding films are extensively used in a number of sectors due to their wide range of applications, which include high strength, rapid bonding, high-temperature protection, etc. Due to their affordability, bonding films are used in a number of applications. The usage of bonding films offers various benefits, including strong internal and structural links, high adhesion to a range of surfaces, and a layer of dielectric insulation.
Bonding Films Market Dynamics:
The rise in bonding film usage in the worldwide transportation end-use industry is one of the primary factors driving the growth of the bonding films market. These adhesives are becoming more popular than traditional types, particularly in high-end aerospace applications. They are also being utilised more and more in the electronics industry to contain warning and informative labels. Demand for films used in portable computing, radio frequency identification (RFID), consumer electronics, automotive electronics, and consumer electronics, as well as LED lighting, is significantly influencing the market. An rise in investments, higher industrialisation, and rising use of these films in a number of end-user applications all benefit the bonding films market.
The development of the packaging industry, as well as the increased popularity of lightweight vehicles, would have a positive impact on and considerably fuel the growth of the bonding film market. China and India’s emergence as global manufacturing powerhouses in packaging, construction, automotive, and other industries are likely to boost bonding film market growth. The increased replacement of bonding films for fasteners in automotive parts such as external body panels, axles, and suspension systems is further driving growth in this market. The use of adhesive sheets in place of fasteners reduces the total weight of vehicles significantly. However, the development of VOC-free films and unvulcanized films that can support a wide range of substrates and successfully bind rubber to metal is likely to offer up new opportunities.
Bonding Films Market Regional Insights:
In 2021, the highest market share belonged to Asia Pacific. The industry’s growth is attributable to the existence of numerous significant bonding film makers in the area as well as increased demand from a range of end-use sectors, including electrical & electronics and transportation in countries like China, South Korea, Japan, and Taiwan. A number of foreign companies and investors have established manufacturing facilities in the area as a result of the region’s simple access to raw resources, which has spurred the expansion of the Asia Pacific bonding films market. Additionally, Europe and North America account for a sizeable portion of the industry. The region’s bonding film market is anticipated to expand slowly due to stringent government regulations against the use of dangerous adhesives.
Bonding Films Market Segmentation:
- Pressure Cured
- Thermally Cured
By End-use Industry:
- Electrical & Electronics
Bonding Films Market Key Competitors:
- Cytec Solvay Group
- Henkel AG & Co. KGaA
- Nanya Plastics Corporation
- Huntsman International LLC.
- H.B. Fuller
- Tokyo Electron Limited
- Koninklijke Ten Cate Bv
- Hexcel Corporation
- Master Bond Inc.
- Hitachi Chemical Co., Ltd
- Rogers Corporation
- PLITEK, LLC
- Pontacol AG
- Fastel Adhesives & Substrate Products
- Dai Nippon Printing Co., Ltd
- AKCHEMTECH CO.,LTD
- HMT Manufacturing, Inc
- Gluetex GmbH
- Optimum Plastics
- Nihon Matai Co., Ltd
- Everad Adhesives SAS
Key Questions answered in the Bonding Films Market Report are:
- How competitive is the market for bonding films?
- What are the main elements promoting the Bonding Films Market’s growth?
- By 2029, which region is anticipated to hold the greatest market share for bonding films?
- What will the market for bonding films’ CAGR be over the upcoming years?
- Who are the key participants in the market for bonding films?
- What major trends in the market for bonding films are most likely to appear over the forecast period?
- What will the Bonding Films Market be worth in 2029?
- In 2021, which business owned the biggest market share for bonding films?
- Which application category is anticipated to become the market leader for bonding films?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Cooling Fluids, Application, Data Center, End-Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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