Global Adhesive Films Market: An Analysis of Competitive Landscape

 The report "Adhesive Films Market by Resin Type (Epoxy, Acrylic, Cyanoacrylate, Silicone), Application (Optical Bonding and Assembly, Lens Bonding Cement, and Fiber Optics), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030", The Adhesive films market is projected to grow from USD 82.0 Billion in 2022 to USD 116.9 Billion by 2030, at a CAGR of 4.4% and CAGR of 4.7% between 2022-2027 and 2028-2030 respectively. Increasing urbanization boost the adhesive films market. 

Browse 294 market data Tables and 56 Figures spread through 284 Pages and in-depth TOC on "Adhesive Films Market by Resin Type (Epoxy, Acrylic, Cyanoacrylate, Silicone), Application (Optical Bonding and Assembly, Lens Bonding Cement, and Fiber Optics), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030"

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201246148

Drivers: Increasing urban population in Asia Pacific

The increasing urban population is a major factor which is attributed to the increase in the demand for products such as medicines, beverages, FMCGs, and other consumer durables. In the Asia Pacific region, the population shift has raised growth in urban population even further. According to the Population Division of the United Nations, the total population of the Asia Pacific is projected to reach 5.1 billion by 2050, wherein the urban population is expected to account for at least 64% of the total. The positive shift in living standards is expected to increase the demand for high-quality products, which is expected to lead to the rise in the demand for adhesive films.

Restraints: Volatility in prices of raw materials

The prices and availability of raw materials are the major factors that affect the prices of end products. Crude oil is among the major raw materials used in the production of various polymers. The raw materials required for polymer films (and other plastics) have witnessed oscillating price trends due to the shortages occurring as a result of supply chain disruptions after the Russia - Ukraine war. Most of the raw materials of adhesive films are petroleum-based products such as phenolic resins, melamine resins, and vinyl films which are vulnerable to fluctuations in commodity prices. Prices of oil have been fluctuating by up to 8.0% in recent years. These fluctuations in raw material prices are restraining the growth of the market.

Construction is the fastest-growing segment of the overall Adhesive films market.

Adhesive films in the construction segment are designed for both, outdoor and indoor use such as construction equipment, windows, doors, signs, and elevator panels. Water-based and hot-melt technologies are mainly used in flooring and roofing applications. Double- and single-sided tapes are used in joining rough surfaces and maintaining excellent adhesion between joints.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=201246148 

Adhesive tapes have significant applications in the construction industry due to their excellent electrical and thermal insulation properties. The use of tapes in the construction industry has increased at a high rate over the last few years. Labels and graphic films also play a prime role in this end-use industry by adding aesthetic value to structures and applications such as elevators, escalators, walls, windows, facades, doors, and furniture.

India is the fastest growing segment in Adhesive films market during the forecast period.

The major industries in India include information technology, petroleum products, chemicals, pharmaceuticals, agriculture, textiles, steel, transportation equipment, machinery, leather, cement, mining, and construction. The Indian healthcare sector is growing rapidly because of strengthening services, coverage, and increasing expenditure by consumers as well as private players. The country has become one of the most favorable destinations for high-end diagnostic services with high capital investments for advanced diagnostic facilities. The manufacture of disposable products in the country is expected to grow significantly in the next few years, which is expected to boost the demand for adhesive films in the country. As only a few large companies dominate the Indian market, pricing and formulation of products are key growth strategies adopted by the companies in the country. Established companies are spending higher on branding and attracting customers by increasing awareness about adhesive films.

Adhesive Films Market Key Players

The key players operating in the market are 3M Company (US), Avery Dennison Corporation (US), Henkel AG & Co. KGAA (Germany), UPM-Kymmene Oyj (Finland), and H.B. Fuller Company (US).

Speak to Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=201246148

Henkel AG & Co. KGAA operates worldwide by offering leading innovations, brands, and technologies in three business areas, namely, adhesive technologies, beauty care, and laundry & home care. The adhesive technologies business segment manufactures and distributes decoration and renovation products for packaged & consumer goods, home & office, building adhesives, and industrial infrastructure. Under the dynamic economic conditions due to COVID-19 and others, the organic sales performance of the segment improved significantly compared to the previous year.

UPM-Kymmene Oyj (UPM) specializes in the manufacture of fiber, biomass-based products, and recyclable raw materials and products.

UPM Raflatac, one of the company’s business segments, is involved in creating new label products that reduce the use of non-renewable materials and treats waste as a valuable resource. UPM Raflatac develops and manufactures high-quality, high-performance self-adhesive label materials for product and information labeling. The film and paper label stocks manufactured by the company are designed to build brands, provide a competitive advantage, and streamline operations.