The bonding films market was valued at USD 91.6 billion globally and is expected to expand at a compound annual growth rate (CAGR) of 4.7% over the course of the forecast period. The most sticky and closest film to metals and polymers is a bonding film. The industry is expanding because to the surge in demand for consumer gadgets like smartphones and tablets. Rising disposable income and growing urbanization in emerging economies are driving market expansion.

Another important driver of the market's expansion is the packaging industry's growing need for bonding films. The market is expanding due to the development of thermally cured bonding films, especially epoxy-based ones, which provide strong and long-lasting bindings.

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Growth Drivers

The primary drivers of the market's expansion are the growing need for bonding films in the packaging sector and the global demand for electric automobiles. The market has grown as a result of the growing usage of adhesive in practically every industry in the world, including electronics, construction, automotive, and pharmaceuticals, which all desire products bonded with high strength and accuracy.

consumer electronics sector as a result of the market's quick production of smartphones and tablets. The major actors in the region include emerging economies such as China, India, South Korea, and Japan. The packaging industry makes extensive use of bonding films. Bonding strength and versatility have been improved by advancements in bonding film technology, such as the creation of thermally cured films. Eco-friendly bonding films, like biodegradable polymers and adhesives, are becoming more and more popular.

Segmentation

Bonding Films Market, by Type:

·         Epoxy

·         Acrylic

·         Polyurethane

·         Others (Polyvinyl Acetate (PVA), Polyvinyl Butyral (PVB), Ethylene-vinyl Acetate (EVA), and phenolic)

Bonding Films Market, by Technology:

·         Thermally Cured

·         Pressure Cured

·         Others (Chemically Cured and Light cured)

Bonding Films Market, by End-use Industry:

·         Electrical & Electronics

·         Transportation

·         Packaging

·         Others (Medical and Textiles)

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Henkel AG & Co. KGaA

·         3M

·         Cytec Solvay Group

·         Hitachi Chemical Co., Ltd.

·         Arkema S.A.

·         H.B. Fuller

·         Hexcel Corporation

·         Gurit, and Rogers Corporation

·         Other Players

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