Global Adhesive Film Market to Grow at 5.8% CAGR till 2024
Growing pharmaceutical, e-commerce and consumer durable industries coupled
with increasing consumer demand for product information to boost global
adhesive film market through 2024
According
to TechSci Research report, “Global Adhesive Film Market
By Film Material, By Adhesive Resin Type, By Application, By End-Use Industry,
By Region, Competition, Forecast & Opportunities, 2024”, global
adhesive film market is projected to grow from $ 58 billion in 2018 to nearly $
75 billion by 2024, exhibiting a CAGR of 5.8% during the forecast period, mainly
backed by rising consumer demand for product information and growth in pharmaceutical,
e-commerce and consumer durable industries. Film adhesives are pre-catalyzed
adhesives that include a broad range of compounds such as phenolic,
bismaleimide and epoxy that are supplied in the form of film or sheet. After
being subjected to a curative process, film adhesives form a permanent
structural bond on the attaching surface and can withstand environmental
aggressors, the most predominant one being high temperatures.
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Adhesive Film Market"
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Global
adhesive film market has been categorized into film material, adhesive resin
type, application, end-use industry and region. Based on application, the
market for adhesive films has been segmented into tapes, graphic films and
labels. Among these applications, the labels segment is anticipated to become the
fastest growing application in global adhesive film market during the forecast
period. The self-adhesive labels market is growing simultaneously with the
growth trends of packaging industry. Rising urban population and growing consumer
awareness along with growth of e-commerce industry are driving growth of the
global self-adhesive labels market. Asia-Pacific is a lucrative market for
adhesive films, due to improving economic situations and industrial
development. Notably, this region constitutes more than 60% of the world’s
population, leading to growth of sectors such as manufacturing and processing.
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“Global
market for adhesive tapes is highly fragmented, owing to the existence of
various local and international vendors. There is strong competition among the
vendors based on product portfolio, pricing and differentiation. Notably, new
technological advancements, improvements in raw materials and development of
new techniques are anticipated to drive the demand for adhesive films, globally,
over the course of next five years.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global
Adhesive
Film Market By Film Material, By Adhesive Resin Type, By Application, By
End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global adhesive
film market and provides statistics and information on market structure, size,
share and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in global adhesive film
market.
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