According to the report published by Allied Market Research, the global adhesive film market was over $17.3 billion in 2018, and is expected to cross $26.7 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Based on end-user industry, the automotive and transportation segment contributed to nearly one-fourth of the global adhesive film market revenue in 2018, and is expected to rule the roost by 2026. The electrical and electronics segment, on the other hand, would cite the fastest CAGR of 6.2% during 2019–2026. This is attributed to the growing demand for electrically conductive adhesives and films in electrical and hardware components for transmitting current through layers of a gadget, shaping electrical interconnections, and holding electrical parts.
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Based on technology, the water-based segment held the largest share in 2018, generating around two-fifths of the global adhesive film market. Growing investments in water-based adhesives is expected to boost the segment growth. At the same time, the pressure-sensitive segment would grow at the fastest CAGR of 6.4% throughout the forecast period. Rise in demand for pressure-sensitive adhesives in automotive, metal, and other industrial sectors fuels the growth of the segment.
- Water-based adhesives
- Solvent-based adhesives
- Hot melt adhesives (HMA)
- Pressure-sensitive adhesives (PSAs)
Based on geography, Asia-Pacific, followed by Europe and North America, accounted for nearly two-fifths of the global adhesive film market share in 2018, and is anticipated to retain its dominance during the study period. The same region would also portray the fastest CAGR of 6.3% by the end of 2026. This is due to gradual shift of manufacturing industries from the Americas to the region.
Region wise, the global adhesive film market share is analyzed across North America ( the U.S., Canada, and Mexico), Europe (Germany, France, Italy, , the UK, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
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Infrastructure development in Asia-Pacific and increased focus on lightweight products have boosted the growth of the global adhesive film market. However, raw material unavailability and volatile cost hamper the market. On the contrary, surge in demand for adhesive from Southeast Asia and Africa is expected to create lucrative opportunities in the near future.
The global adhesive film market report includes an in-depth analysis of the major market players such as BASF SE, DuPont., The 3M Company, Solvay, The Dow Chemical Company, Arkema Group, Akzo Nobel N.V., Henkel AG & Co. KGaA, Dymax Corporation, and Hitachi Chemical.
COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
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