Adhesive Film Market growing at a CAGR of 5.5%


Adhesive Film Market Growth

Adhesive Film Market Growth

Adhesive film market was valued at $17.3 billion in 2018 and is projected to reach $26.7 billion by 2026, growing at a CAGR of 5.5% from 2019 to 2026

OREGON, PORTLAND, UNITED STATES, September 28, 2022 /EINPresswire.com/ — The global adhesive film industry was estimated at $17.3 billion in 2018, and is expected to hit $26.7 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026. Allied Market Research published a report, titled, “Adhesive Film Market by Film Material (Polypropylene, Polyvinyl Chloride, Polyethylene and Others), Technology (Water-based, Solvent-based, Hot Melt, Pressure-sensitive and Others), and End User Industry (Electrical and Electronics, Aerospace, Automotive and Transportation and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.”

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Drivers, restraints, and opportunities-
Rise in focus on lightweight products and infrastructure development in the Asia-Pacific region fuels the growth of the global adhesive film market. On the other hand, unavailability of raw materials and volatile costs of the end product hinder the growth to some extent. Nevertheless, increase in demand for adhesives from Southeast Asia and Africa is expected to create multiple opportunities in the industry.

Key players in the industry-
• The Dow Chemical Company
• Henkel AG & Co. KGaA
• Akzo Nobel N.V.
• DuPont
• Arkema Group
• Hitachi Chemical
• Dymax Corporation
• Solvay

The automotive and transportation segment to maintain lead the trail by 2026-
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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The water-based segment to maintain the lion’s share-
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.

Asia-Pacific, followed by Europe and North America, to remain lucrative in terms of revenue-
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.

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Related Reports:
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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