According to an analysis by Fact.MR, the global film adhesives market is projected to be valued at US$ 1.1 billion in 2023 and is expected to grow at a CAGR of 2.2% from 2023 to 2033, reaching USD 1.3 billion by the end of the forecast period.

The market's growth is driven by increasing manufacturing activities, particularly in sectors such as aviation, automotive, machinery, robotics, and others. These industries require adhesives to effectively bond internal or integrated components of finished products, ensuring their optimal functionality and durability. Moreover, the expanding use of adhesives in the rapidly growing automotive industry is anticipated to further fuel the demand for film adhesives throughout the forecast period.

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The key advantages of adhesives in the automotive industry include design flexibility, the ability to bond dissimilar or new materials, and other performance benefits. These factors are driving the demand for film adhesives not only in the automotive sector but also in industries such as aerospace, electronics, and more.

Key Takeaways from Market Study

  • The film adhesives market was valued at US$ 1.0 billion in 2022 and is projected to grow at a CAGR of 2.2%, reaching US$ 1.3 billion by the end of 2033.
  • The electrical & electronics sector is expected to account for more than one-third of the global market share for film adhesives. In terms of regional distribution, East Asia is anticipated to hold a 25.7% market share in 2023.
  • China is forecasted to experience robust growth, with a CAGR of 7.0% from 2023 to 2033. Leading players in the film adhesives market include Arkema Group, Solvay S.A., GLUETEX GmbH, H.B. Fuller Company, Henkel AG & Co. KGaA, and 3M Company.
  • Emerging markets like India, Australia, and South Korea are expected to drive significant growth opportunities for the film adhesives industry.

Market Growth Stratagems

Manufacturers are increasingly focused on building long-term trade relationships with suppliers and end-users to navigate challenging market conditions. Additionally, innovative product development and strategic pricing are key approaches to maintaining competitiveness amid intense market rivalry at all levels. The adoption of digital platforms to expand global reach and broaden customer bases is also helping manufacturers secure higher profit margins.

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Competitive Landscape

Manufacturers are increasingly adopting price optimization as a key strategy to manage demand fluctuations during the assessment period. Additionally, new entrants face significant competition from established market players and must navigate stringent government regulations related to chemicals and production-related emissions, making market entry challenging.

To stay competitive, market players are heavily investing in research and development to create innovative products that meet evolving consumer needs.

For example:

  • In June 2021, Henkel AG launched Loctite EA 9365FST, a two-part epoxy adhesive designed to reinforce and bond thermoset and thermoplastic substrates for use in aircraft interiors.
  • In February 2021, Axiom Materials Inc. introduced CerFaceTM AX-8810, a surfacing film developed to improve the outer finish of ultra-high temperature CMC components used in aerospace and industrial applications.

Read More: https://www.factmr.com/report/film-adhesives-market

Key Companies Profiled

  • Arkema Group
  • Solvay S.A.
  • GLUETEX GmbH
  • H.B Fuller Company
  • Henkel AG & Co. KGaA
  • 3M Company

Segmentation of Film Adhesives Industry Research

  • By Resin:
    • Epoxy
    • Cyanate Ester
    • Acrylic
    • Other
  • By End–Use Industry:
    • Electricals & Electronics
    • Aerospace
    • Automotive & Transportation
    • Consumer
    • Others
  • By Region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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