Advanced Materials Industry Adhesive Films Market Trends, 2024 | Page 2

Your Catalyst To a Lucrative Business
The Adhesive films market is split according to products, technologies, applications, end-users, and regions.
Products are acrylic, polyurethane (PU), polyvinyl acetate (PVAc), polyvinyl butyral (PVB), epoxy, and others.
‘Others’ includes EVA (ethylene-vinyl acetate), SBC (styrenic block copolymers), polypropylene, polyesters,
and silicone.
Acrylic films were the leading segment in 2014, with over 25% shares (with respect to demand) in 2014. They
are projected to display significant growth over the forecast period. PVAc followed them, with 20% shares
the same year. PVB films are prominently used in the automobile industry. They are used to bind vehicles
with glass sheets.
Technologies in the adhesive films market comprise hot melt, light cured, pressure -sensitive, self cured, and
chemical cured. Pressure-sensitive led in 2014. Its demand is anticipated to reach 4 kilotons (KT) by 2024. Hot
melt films should generate nearly 146 KT of volumes by 2024.
Applications encompass graphics, labels, tapes, tinting, glazing, protective films, and specialty films. Tapes
reigned over the market (in terms of demand) in 2015. This was credited to massive usage of one -sided &
double-sided tapes in electronics and automotive sectors. They would earn around USD 72 billion by 2024.
Labels can experience a CAGR above 6% in the next eight years.
Automotives, consumer electronics, construction, packaging, aerospace, medical, footwear, and furniture
constitute the end-users. Packaging would be the leading segment over the forecast period. It is used for
product sealing & labeling. Consumer electronics may contribute to the global demand for adhesive films by
creating components for lid sealing and other applications in packaging.
North America, Asia Pacific, Europe, and RoW (Rest of the World) are the regions within adhesive films
market. Asia Pacific dominated in 2014 due to high demand from its end-user industries. Europe should
witness modest growth during 2016 to 2024. Similarly, North America is likely to grow at a CAGR over 6% in
the near future.
Some of the key players operating within the global market are BASF SE, 3M Company, Henkel Adhesive
Technologies, and Avery Dennison Corporation. Mergers and alliances are their common strategy to stay
competitive. For instance, BASF partnered with Avantium Technologies in 2016 to produce furandicarbox ylic
acid (FDCA). FDCA can be used as a base for producing adhesives in lubricants and personal care products.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-
materials-industry
Follow Us: