Yahoo Finance Global Bonding Films Market Size to Reach USD 1490 Million by 2028 Growing at 6.49% CAGR
[195 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Bonding Films Market size & share revenue was valued at around USD 954.9 million in 2021 and is estimated to grow about USD 1490 million by 2028, at a CAGR of approximately 6.49% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Dai Nippon Printing Co., Ltd., 3M Company, DowDuPont, Inc, Specialty Adhesive Film Co Inc., H.B. Fuller Company, Gurit Holding AG, and Hitachi Chemical Co., Ltd, and others.
Sarasota, FL, Dec. 07, 2022 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Bonding Films Market By Technology (Pressure Cured, And Thermally Cured), By End-User (Automotive, Aerospace, Transportation, Electrical & Electronics, Packaging, And Others), By Type (Acrylic, Epoxy, And Polyurethane), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Bonding Films Market size & share in terms of revenue was valued at USD 954.9 million in 2021 and it is expected to surpass around USD 1490 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 6.49% during the forecast period 2022 to 2028.”
What are Bonding Films? How big is the Bonding Films Industry?
Report Overview:
Bonding films are adhesive agents that are used to create a strong bond between two objects ranging from electronics items to parts for the aviation industry. Although bonding files are highly compatible with almost all types of substrates, there are some that they are more compatible with as compared to others. Leather, fabric, rubber, and fiberglass are some of the most common forms of substrates that have wide applications of bonding films to improve the overall product quality.
Bonding films have gained popularity because they help in reducing waste generated from the material, to allow a consistent and uniform application of adhesives. They also act as excellent flame retardants, materials that can help prevent or slow fire. Due to the ability of these films to be customized as per requirement in terms of thickness and width, the global market share is expected to reach greater heights in the coming years. There are two main types of bonding films, namely; heat-activated and pressure sensitive.
The former need sufficient heat to create a strong bond while the latter can be used with changing pressure. Bonding films can also be classified as thermoplastic, materials that turn soft under heat and can set after cooling. This change can be repeated multiple times. In some cases, they are classified as thermosets, materials creating bonds that cannot be reversed. Several factors determine which type of bonding films to be selected depending on the end requirement. For instance, pressure-sensitive adhesives (PSAs) are thermoplastic and thus flexible depending on the curing process. They can be used for wide applications. Heat-activated adhesive, on the other hand, is more flexible and customizable.
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Report Scope
Report Attribute | Details |
Market Size in 2021 | USD 1490 million |
Projected Market Size in 2028 | USD 1490 million |
CAGR Growth Rate | 6.49% CAGR |
Base Year | 2021 |
Forecast Years | 2022-2028 |
Key Market Players | Dai Nippon Printing Co., Ltd., 3M Company, DowDuPont, Inc, Specialty Adhesive Film Co Inc., H.B. Fuller Company, Gurit Holding AG, and Hitachi Chemical Co., Ltd, and among others. |
Key Segment | By Technology, By End-User, By Type and By Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Our Free Sample Report Consists of the Following:
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Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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Global Bonding Films Market: Growth Dynamics
The global bonding films market is projected to grow due to the growing packaging industry and wide applications of adhesive agents in this sector. This is highly effective in the food-packaging sub-sector as the right packaging can be one the main ways of storing packaged food under the right conditions and avoiding any loss of nutrients or damage. Bonding films provide good transparency and can avoid water vapor. The global market may further be driven by the rising use of effective adhesives in the consumer electronics sector. Demand for smart screens, liquid-crystal displays (LCDs), and light-emitting diodes (LEDs) are at an all-time high. As per the official estimate, LCD makers are hinting at a sales target of 253 million units by the end of 2022.
The global market is expected to observe a few hindrances during its growth trajectory due to the time consumed during the process of using bonding films. The transportation cost of these adhesives is high as compared to counterparts which inhibit many consumers from using the products leading to a loss of revenue. Strict government regulations surrounding the use of base chemicals in the manufacturing of bonding films are a major contributor toward growth restrictions.
The growing technological development may provide excellent growth opportunities while fluctuating raw material prices are expected to impact the growth period.
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Bonding Films Market: Segmentation Analysis
The global bonding films market is segmented based on technology, end-user, type, and region
Based on end-user, the global market segments are automotive, aerospace, transportation, electrical & electronics, packaging, and others. The global market may generate the highest revenue in the electrical & electronics segment because of the growing consumer database in this sector. Bonding films are used to create a large number of items that fall in the electronics segment including smart devices and other consumer goods. In 2021, the global consumer electronics manufacturing sector was valued at USD 1.59 trillion, and with the growing population, the market is anticipated to reach newer heights.
Based on type, acrylic, epoxy, and polyurethane are the global market segments. In 2021, epoxy was the leading type of bonding film with the highest growth margin. The benefits associated with epoxy adhesives are a major factor contributing to higher CAGR. These bonding films can bond with almost all types of substrates and impart higher mechanical properties. They are easy to process and during curing, they show low shrinkage. However, epoxies that undergo curing at room temperature may not operate efficiently if the temperature goes over 120 °C.
The global Bonding Films market is segmented as follows:
By Technology
Pressure Cured
Thermally Cured
By End-User
Automotive
Aerospace
Transportation
Electrical & Electronics
Packaging
Others
By Type
Acrylic
Epoxy
Polyurethane
Browse the full “Bonding Films Market By Technology (Pressure Cured, And Thermally Cured), By End-User (Automotive, Aerospace, Transportation, Electrical & Electronics, Packaging, And Others), By Type (Acrylic, Epoxy, And Polyurethane), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/bonding-films-market
Competitive Landscape
Some of the main competitors dominating the global Bonding Films market include -
Dai Nippon Printing Co. Ltd.
3M Company
DowDuPont Inc
Specialty Adhesive Film Co Inc.
H.B. Fuller Company
Gurit Holding AG
Hitachi Chemical Co. Ltd
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Bonding Films market is likely to expand at a CAGR of around 6.49% during the forecast period (2022-2028).
In terms of revenue, the Bonding Films market size was valued at around US$ 954.9 million in 2021 and is projected to reach US$ 1490 million by 2028.
Based on technology segmentation, thermally cured was predicted to show maximum market share in the year 2021
Based on end-user segmentation, electronics and electrical were the leading end-users in 2021
On the basis of region, Asia-Pacific was the leading revenue generator in 2021
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Key questions answered in this report:
What is the market size and growth rate forecast for Bonding Films industry?
What are the main driving factors propelling the Bonding Films Market forward?
What are the leading companies in the Bonding Films Industry?
What segments does the Bonding Films Market cover?
How can I receive a free copy of the Bonding Films Market sample report and company profiles?
Key Offerings:
Market Size & Forecast by Revenue | 2022−2028
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis By Technology, By End-User, By Type and By Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Asia-Pacific may lead the global bonding films market due to the highly promising chemical industries in India and China along with the growing aviation sector. It is one of the fastest-growing industries in India and by 2025, the Indian government aims to get a valuation as high as USD 25 billion. Since aerospace is one of the largest consumers of bonding and adhesive films, the global market is expected to benefit simultaneously. Growth in North America is projected to be driven by the presence of key market players and their strategic methodologies.
By Region
North America
U.S.
Canada
Rest of North America
Europe
France
UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Recent Developments
In October 2022, ASLAN announced the launch of SparkleColour ASLAN SC 123, a new self-adhesive film
August 2021, Cosmo Films introduced new products in the global market following its expansion plans
To know an additional revised 2022 list of market players, request a Brochure of the report: https://www.zionmarketresearch.com/requestbrochure/bonding-films-market
FREQUENTLY ASKED QUESTIONS
Which key factors will influence bonding films market growth over 2022-2028?
What will be the value of the bonding films market during 2022-2028?
Which region will contribute notably towards the bonding films market value?
Which are the major players leveraging the bonding films market growth?
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