Adhesive Films Industry Survey, Comprehensive Analysis, Growth and Major Policies Report
Adhesive films are thin layers of adhesives on films, sheets or tapes of materials such as polymer, fabric or paper that bond with a surface. These films are used in various industries such as packaging, automotive, medical, electronics, construction, furniture and footwear. Adhesive films are also used in several consumer products. These films can be derived from different chemistries such as acrylic, polyvinyl acetate (PVAc), polyurethane, polyvinyl butyral (PVB), epoxy, styrene butadiene copolymers (SBC) and silicone.
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The global adhesive films market is anticipated to be driven by rising adoption of medical grade adhesive films and tapes for wound-care applications. Increasing demand for adhesive films for usage in compact and light-weight devices in the electronics industry is expected to further fuel the market for adhesive films. Additionally, mounting pressure from regulatory bodies for lower carbon footprints and better mileage performance in vehicles is projected to drive market growth in the automotive industry. However, volatility in prices of feedstock for petroleum-based raw materials for adhesive films, and regulations against chemicals that emit volatile organic compounds (VOCs) are likely to hamper market growth in the next few years.
The global adhesive films market can be classified based on the types of technology into pressure sensitive, light-cured, hot-melt and others (including heat-cured, chemical-cured and self-cured adhesive films). In terms of volume, light-cured adhesive films is estimated to be the fastest growing segment with a CAGR of over 6% between 2014 and 2020. Pressure sensitive adhesive films emerged as the largest segment in 2013. Hot-melt adhesives are being widely adopted, especially for applications in the construction industry, due to their high bond strength and easy applicability, which helps in reducing the process time. Light-cured adhesive films are employed in applications that require high bond strength, such as masking tapes for sub zero temperature and in electronic devices, where the temperature may rise above 100 degrees Celsius.
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The adhesives films market can be segregated based on the types of products into acrylic, polyvinyl acetate (PVAc), polyurethane, polyvinyl butyral (PVB), epoxy and others (including ethyl vinyl acetate (EVA), styrene butadiene copolymer (SBC), silicone, and polyester). Acrylic is expected to be the largest as well as the fastest growing segment during the forecast period. PVAc emerged as the second-largest segment in 2013, due to high demand for these films in packaging, construction, footwear and furniture industries. PVB is primarily used in the automotive industry as an interlayer between glass sheets of the windshield installed on the vehicles.
Tapes led the application market and accounted for more than 45% share of the global market in 2013. Labeling applications are projected to expand at the fastest pace from 2014 to 2020, owing to high demand from the packaging industry. Graphics is another rapidly growing application, with major demand from automotive, construction and electronics industries. Other applications include specialty films, protective films, glazing and tinting.
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Asia Pacific continued its dominance in the adhesive films market, accounting for more than 40% of the global market in terms of volume in 2013. Apart from being the largest market, Asia Pacific is also estimated to be the fastest growing market for adhesive films. Major demand is anticipated to originate from the automotive and electronics industries in the region. Furthermore, consumer goods such as footwear and furniture also contributed to demand for adhesive films in Asia Pacific. The mature market of Europe is anticipated to witness an average growth rate in the next six years. North America is projected to expand at a CAGR of 5.9% during the forecast period, led by recovering construction industry and high growth in packaging, electronics, medical and other consumer goods industries. Medical is a significant end-user industry in these regions.
The global adhesive films market is dominated by a few players with global operations. Key players include 3M Company, Henkel AG & Company KGaA, Avery Dennison Corporation, H.B. Fuller Company, Ashland Inc, The Dow Chemical Company, BASF SE, Bostik SA and Eastman Chemical Company.
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