Global Thermoplastic Adhesive Films Market Share 2024, Forecast To 2033
12 Nov, 2024
The thermoplastic adhesive films market has experienced strong growth in recent years. It is projected to grow from $1.98 billion in 2023 to $2.15 billion in 2024, at a CAGR of 8.6%. Growth drivers include the increasing demand for lightweight materials, improvements in precision bonding methods, growing use of automation in manufacturing, and the expansion of the construction and furniture industries. The thermoplastic adhesive films market is expected to reach $3.03 billion by 2028, growing at a CAGR of 9.0%. Growth is fueled by the increasing use of adhesives in electronics, the rapid expansion of the packaging industry, and the growth of healthcare and medical devices sectors. Key trends include reinforced thermoplastic composites, nanotechnology integration, 3D printing, improved bonding techniques, and self-healing adhesive films.
Major Driver In The Thermoplastic Adhesive Films Market
The increasing demand for consumer electronics is likely to spur growth in the thermoplastic adhesive film market. These films are essential for bonding in electronic devices, enhancing durability and assembly efficiency. According to the Shanghai Municipal People's Government, retail sales of consumer electronics in China rose by 4% to 2.2 trillion yuan (US$305 billion) in 2023, with a projected growth rate of 5% in 2024, indicating a positive market outlook.
Request A Free Sample Of The Thermoplastic Adhesive Films Market ReportThermoplastic Adhesive Films Market Competitive Landscape
Dow Inc., BASF SE, 3M Company, Henkel AG and Co. KGaA, Covestro AG, E. I. du Pont de Nemours and Company, Arkema SA, Mitsui Chemicals Inc., Sika AG, Avery Dennison Corporation, Lanxess AG, Huntsman Corporation, HB Fuller Company, EMS-Chemie Holding AG, Ashland Global Holdings Inc., Hexcel Corporation, Lohmann GmbH and Co. KG, Scapa Group Ltd., Bemis Associates Inc., Fait Plast SpA, Specialty Adhesive Film Co, American Polyfilm Inc., Pontacol AG, Zycon Technologies Inc., Adhesive Films Inc
Key Thermoplastic Adhesive Films Market Trend
Companies in the thermoplastic adhesive films market are focusing on developing bio-based thermoplastic polyurethane adhesive films to address environmental concerns and meet the rising demand for sustainable materials. Bio-based TPU adhesive films are derived from renewable biological sources instead of petrochemicals. For example, in May 2024, The Lubrizol Corporation, a US-based specialty chemical company, introduced Pearlbond ECO 590 HMS TPU, a bio-based thermoplastic polyurethane designed for hot melt adhesives and extrusion applications. The product has fast-setting capabilities, excellent adhesion to various fabrics, and high resistance to temperature and hydrolysis, supporting textile lamination, seam tapes, and footwear manufacturing.
Purchase The Global Thermoplastic Adhesive Films Market Report Directly And Get A Swift DeliveryGlobal Thermoplastic Adhesive Films Market Segmentation
The thermoplastic adhesive films market covered in this report is segmented –
1) By Material: Polyethylene, Polyamide, Thermoplastics Polyurethane, Polyester, Polypropylene, Polyolefins, Copolyamides, Copolyesters, Other Materials
2) By Technologies: Extrusion Coating, Hot Melt Adhesive, Resin Blending, Film Casting, Other Technologies
3) By Application: Membrane Films, Barrier Films, Blackout Films
4) By End Use: Textile, Automotive, Electrical And Electronics, Medical, Ballistic Protection, Lightweight Hybrid Construction, Other End Users
By Geography:The regions covered in the thermoplastic adhesive films market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the thermoplastic adhesive films market in 2023.
The Thermoplastic Adhesive Films Global Market Report 2024 furnishes information about the global thermoplastic adhesive films market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.