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Adhesive films are films, tapes, and sheets that are coated with adhesives. These films are used to create a bond between two surfaces and are also easy to use. Construction, aerospace, electronics, handheld computing, and automotive are some of the key applications of adhesive films. Adhesive films are produced from different materials such as polyvinyl chloride, polyvinyl acetate, polyethylene, and polyvinyl butyral.

The global Pectin market is projected to surpass US$ 22,945.3 million by the end of 2028, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2021 to 2028).

Drivers

Increasing demand for compact and lighter electronic devices is driving the market growth of adhesive films and tapes. Growing demand for miniaturization of electronic devices such as portable personal computers, tablets, cell phones are creating demand for adhesive films. Robust growth in the smartphone market is again expected to foster the market growth of the adhesive films. Also, an increase in the sale of electronic devices around the globe is further projected to propel the market growth of the adhesive films.

The growing demand for medical films and tapes for wound-care is predominantly fueling the market growth of the adhesive films. The rise in the healthcare industry coupled with the increasing investment in the medical industry for improving healthcare facilities is again propelling the market growth. Increase in accidents and other injuries is creating demand for medical tapes and films. Thus growth in the medical-grade adhesive films and tapes due to increasing accidents and injuries is expected to foster the market growth of medical films and tapes.

Asia Pacific held dominant position in the global Adhesive films market in 2020, accounting for 35.77% share in terms of volume, followed by North America and Europe, respectively. As a result of rising construction, and aerospace industry, as well as product innovation.

Figure 1. Global Adhesive Films Market, Revenue Share (%), By Region, 2020

Adhesive Films  | Coherent Market Insights

Market Restraints

The fluctuating price of the raw material used in the production of the adhesive films is expected to hinder the market growth of the adhesive films. Epoxy, acrylates, polyolefin, and polyurethanes are some of the key raw materials used in the production of adhesive films and all these products are petroleum derived feedstock which is highly susceptible to price volatility.

High manufacturing costs and complexities associated with the production of adhesives films are expected to limit the demand for the product. This factor is expected to hamper the market growth.

Market Opportunities

Growing research and development activities by the key manufacturer for developing innovative adhesives films with reduced production cost is expected to serve major opportunities. Rising demand for high-performance and cost-effective adhesives films is again expected to foster market growth. Moreover, the rise in the various manufacturing industries across developing regions is further expected to provide immense opportunities in the adhesive films over the forecast timeframe.

Increasing demand for hot melt adhesive films especially from the construction industry is expected to offer lucrative opportunities. Hot melt adhesive films offer high bonding strength and are easy to apply. Increasing population is creating demand for commercial as well as residential infrastructure which is again driving demand for adhesive films. Also, growth in the frozen food industry which is fueling demand for packaging applications. This, in turn, is propelling the market growth of the adhesive films. 

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Adhesive Films Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 14,447.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.0% 2028 Value Projection: US$ 22,945.3 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of World
Segments covered:
  • By Film Material Type: Acrylic, PVAc, Polyurethane, PVB, Epoxy, and Others
  • By Product: Pressure Sensitive, Hot-melt, Light-cured, and Others
  • By Applications: Tapes, Labels, Graphics, and Others
  • By End Use: Packaging, Automotive, Medical, Electronics, and Others (Building and Construction)
Companies covered:

BASF SE, 3M Company, Ashland Inc., H.B. Fuller Company, Henkel AG & Company KGaA, Avery Dennison Corporation, Adhesives Research Inc., The Dow Chemical Company, Eastman Chemical Company, Bostik S.A., Huntsman International LLC, and Kuraray Company Ltd.

Growth Drivers:
  • Increasing sale of compact and lighter electronic device
  • Growing research and development activities by the key manufacturer
Restraints & Challenges:
  • High manufacturing costs and complexities

Figure 2. Global Adhesive Films Market – Opportunity Analysis

Adhesive Films  | Coherent Market Insights

Market Trends

The growing demand for packaged food products due to increasing spending by consumers on food products is expected to bolster market growth. Increasing health and wellness trend is encouraging consumers to spend on the food products. Increase in the disposable income of the consumers coupled with the busy the lifestyle of the consumers is again propelling demand for frozen food products. Thus, the growing demand for packaged food products is expected to propel the market growth of adhesive films.

Polypropylene material is gaining traction in the market as it is more versatile and cost-effective plastic than other plastics. Moreover, polypropylene is highly resistant to a wide range of acids and solvents solutions. It is majorly used in the food packaging and multi-purpose packaging applications. Moreover, increasing urban population and rise in the end-user sectors around the globe is further expected to augment the market growth of the adhesive films over the forecast period.

Figure 3. Global Adhesive Films Market, Revenue Share (%), By Applications, in 2020

Adhesive Films  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Tapes held dominant position in the market and accounted for 39.3% share in the global Adhesive Films market in 2020. The segment is expected to reach US$ 8,772.4 million in 2028.
  • The superior characteristics of these adhesives, such as high strength and high-temperature resistance, which are necessary in the automobile industry, can be attributed to the increase in demand. Film adhesives can also be applied directly. As a result, the film adhesives market is fuelled by its ease of use.

Global Adhesive Films Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 pandemic has had a substantial positive impact on the adhesive films market, with strong demand expected from the e-commerce and food & beverage sectors in the packaging adhesives portfolio. Medical devices, equipment, and products like virucides and antimicrobials have seen an increase in demand from healthcare providers, signal well for the adhesive films market forecast from 2021 to 2028. However, as a result of the impact on automotive supply chains, the transportation industry is likely to suffer a decline.

Competitive Section

Key players are operating in the global adhesive films market are BASF SE, 3M Company, Ashland Inc., H.B. Fuller Company, Henkel AG & Company KGaA, Avery Dennison Corporation, Adhesives Research Inc., The Dow Chemical Company, Eastman Chemical Company, Bostik S.A., Huntsman International LLC, and Kuraray Company Ltd.

Few Recent Developments

  • In February 2020, Henkel Adhesives Technologies India Ltd, a fully owned subsidiary of Henkel AG & Co, would invest additional 50 million euros to expand its current adhesive facility at Kurumbh, near Pune, which is now one of the company's largest.
  • In May 2021, In the Engineering & Material Science Adhesives category, The Dow Chemical Company product, DOWSIL VE-8001 Flexible Silicone Adhesive received a gold Edison Award.
  • In December 2020, 3M launched the 2480 3M Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner, the latest generation of silicone adhesives to its adhesive range.
Infoimg

Adhesive films are thin sheets of high-performance industrial adhesive backed by a rigid backing. While adhesives are used for a broad range of applications, including fastening, assembling, sealing, and fastening together a variety of materials, the most common application is in bonding fabrics and coatings. Despite their relatively low thickness, they provide a very good level of sealing performance comparable to rivets, screws, bolts, and other fasteners for most applications. They can also be used as a binder, meaning that they can bond two or more materials together in order to form a more complex joint. The backing polyurethane which is typically used in this type of joint also adds strength to the bond.

Market Dynamics

Increasing launch of new product by key players is expected to propel growth of the adhesive films market over the forecast period. For instance, in August 2021, Cosmo Films has launched new film products for the label and flexible packaging industry. The new range of films include BOPP face stocks, water-based and UV flexo-compatible film, direct thermal film, and synthetic paper.

High manufacturing cost is expected to limit growth of the adhesive films market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the adhesive films market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the adhesive films market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include BASF SE, 3M Company, Ashland Inc., H.B. Fuller Company, Henkel AG & Company KGaA, Avery Dennison Corporation, Adhesives Research Inc., The Dow Chemical Company, Eastman Chemical Company, Bostik S.A., Huntsman International LLC, and Kuraray Company Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The adhesive films market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global adhesive films market

Detailed Segmentation:

  • Global Adhesive Films Market, By Film Material Type:
    • Acrylic
    • PVAc
    • Polyurethane
    • PVB
    • Epoxy
    • Others
  • Global Adhesive Films Market, By Product Type:
    • Pressure Sensitive
    • Hot-melt
    • Light-cured
    • Others
  • Global Adhesive Films Market, By Applications:
    • Tapes
    • Labels
    • Graphics
    • Others
  • Global Adhesive Films Market, By End Use:
    • Packaging
    • Automotive
    • Medical
    • Electronics
    • Others (Building and Construction)
  • Global Adhesive Films Market, By Region:
    • North America
      • By Film Material Type
        • Acrylic
        • PVAc
        • Polyurethane
        • PVB
        • Epoxy
        • Others
      • By Product Type:
        • Pressure Sensitive
        • Hot-melt
        • Light-cured
        • Others
      • By Applications:
        • Tapes
        • Labels
        • Graphics
        • Others
      • By End Use
        • Packaging
        • Automotive
        • Medical
        • Electronics
        • Others (Building and Construction)
    • Latin America
      • By Film Material Type
        • Acrylic
        • PVAc
        • Polyurethane
        • PVB
        • Epoxy
        • Others
      • By Product Type:
        • Pressure Sensitive
        • Hot-melt
        • Light-cured
        • Others
      • By Applications:
        • Tapes
        • Labels
        • Graphics
        • Others
      • By End Use
        • Packaging
        • Automotive
        • Medical
        • Electronics
        • Others (Building and Construction)
    • Europe
      • By Film Material Type
        • Acrylic
        • PVAc
        • Polyurethane
        • PVB
        • Epoxy
        • Others
      • By Product Type:
        • Pressure Sensitive
        • Hot-melt
        • Light-cured
        • Others
      • By Applications:
        • Tapes
        • Labels
        • Graphics
        • Others
      • By End Use
        • Packaging
        • Automotive
        • Medical
        • Electronics
        • Others (Building and Construction)
    • Asia-Pacific
      • By Film Material Type
        • Acrylic
        • PVAc
        • Polyurethane
        • PVB
        • Epoxy
        • Others
      • By Product Type:
        • Pressure Sensitive
        • Hot-melt
        • Light-cured
        • Others
      • By Applications:
        • Tapes
        • Labels
        • Graphics
        • Others
      • By End Use
        • Packaging
        • Automotive
        • Medical
        • Electronics
        • Others (Building and Construction)
    • Middle East & Africa
      • By Film Material Type
        • Acrylic
        • PVAc
        • Polyurethane
        • PVB
        • Epoxy
        • Others
      • By Product Type:
        • Pressure Sensitive
        • Hot-melt
        • Light-cured
        • Others
      • By Applications:
        • Tapes
        • Labels
        • Graphics
        • Others
      • By End Use
        • Packaging
        • Automotive
        • Medical
        • Electronics
        • Others (Building and Construction)
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 3M Company
    • Ashland Inc.
    • B. Fuller Company
    • Henkel AG & Company KGaA
    • Avery Dennison Corporation
    • Adhesives Research Inc.
    • The Dow Chemical Company
    • Eastman Chemical Company
    • Bostik S.A.
    • Huntsman International LLC
    • Kuraray Company Ltd.

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Film Material Type
      • Market Snippet, By Product Type
      • Market Snippet, By Applications
      • Market Snippet, By End Use
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Adhesive Films Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Adhesive Films Market – COVID-19
    • Impact Analysis
  5. Global Adhesive Films Market, By Film Material Type, 2017 - 2028 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Acrylic
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
    • PVAc
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Polyurethane
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
      • PVB
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Epoxy
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  6. Global Adhesive Films Market, By Product Type, 2017 - 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Pressure Sensitive
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Hot-melt
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Light-cured
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  7. Global Adhesive Films Market, By Application, 2017 - 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Tapes
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Labels
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Graphics
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  8. Global Adhesive Films Market, By End Use, 2017 - 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Packaging
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Automotive
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Medical
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Electronics
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others (Building and Construction)
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  9. Global Adhesive Films Market, By Region, 2017- 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2028
    • North America
      • Market Size and Forecast, By Film Material Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By End Use, 2017- 2028(US$ Million and Tons)
    • Latin America
      • Market Size and Forecast, By Film Material Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By End Use, 2017- 2028(US$ Million and Tons)
    • Europe
      • Market Size and Forecast, By Film Material Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By End Use, 2017- 2028(US$ Million and Tons)
    • Asia Pacific
      • Market Size and Forecast, By Film Material Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By End Use, 2017- 2028(US$ Million and Tons)
    • Middle East & Africa
      • Market Size and Forecast, By Film Material Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By End Use, 2017- 2028(US$ Million and Tons)
  10. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • 3M Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Ashland Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • H.B. Fuller Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Henkel AG & Company KGaA
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Avery Dennison Corporation
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Adhesives Research Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • The Dow Chemical Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Eastman Chemical Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Bostik S.A.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Huntsman International LLC
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Kuraray Company Ltd.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 50 market data tables* and 45 figures* on "Global Adhesive Films Market” – global forecast to 2028

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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