Global film adhesives market is projected to witness a CAGR of 4.1% during the forecast period 2024–2031, growing from USD 1.01 billion in 2023 to USD 1.39 billion in 2031. Film adhesives are essential to many different industries, such as electronics, construction, transportation, and medical applications. Because film adhesives can bond trim, body panels, and components, they are preferred over conventional adhesives in the automotive and aerospace industries. Particularly in the aerospace industry, epoxy film adhesives are essential because of their exceptional mechanical, electrical, and thermal characteristics.
Since film adhesives are easy to apply over a substrate that needs to be bonded with great efficiency and durability, therefore, they are frequently used to shield bonded surfaces from minor nicks or scratches that may occur during packing, installation, or manufacturing.
Films are most effective at repelling liquids, such as water or chemicals, and forming a strong membrane over the substrate they cover. Additionally, depending on the intended use, it can be found in various forms, including release paper, stripped, laminated, fabric, film, or foil, which further strengthens the market for film adhesives.
Similarly, film adhesives are crucial in the construction sector for exterior construction, building envelopes, and structural bonding. They improve adhesion, facilitate large surface bonding and thick joint bonding, and improve building projects’ stability, structural integrity, and aesthetic appeal. Additionally, film adhesives are widely adopted in medical applications, including incision films, wound care, medical protective gear, and medical device assembly, due to their breathability, comfort, and adhesion, making them indispensable in the medical industry. As a result, the growth of the above end-use industries at the global level is augmenting the growth of the market. Furthermore, ongoing product innovations related to film adhesives are creating a lucrative opportunity for the market growth during the projected forecast period.
Strong growth in the Transportation Sector to Strengthen Film Adhesives’ Demand
Film adhesives are important in the transportation industry, especially for applications in the automotive and aerospace sectors. These adhesives are used in the manufacturing process of automobiles for a variety of interior and exterior uses, such as bonding components, body panels, and trim. Film adhesives are favoured over conventional adhesives in the aerospace sector because they facilitate the production of large parts and offer simple shop handling, both of which are essential for high-end aerospace applications. With their superior electrical, thermal, and mechanical properties, film adhesives, especially epoxy film adhesives, are indispensable for a wide range of uses in aerospace industries. Large bonding areas that call for uniformed bonding and unique sizes and shapes are best suited for them. Additionally, heat-activated film adhesives speed up work processes and cut down on curing times considerably.
For instance, recent developments in aerospace sector, like Boeing’s USD 1.8 billion expansion project, is expected to benefit United States aerospace industry. Similarly, several countries are strengthening their aerospace sector, especially in the defence related aerospace, which, in turn, increases the demand for film adhesives globally.
Rising Electronics Production Across the Globe to Improve Film Adhesives Demand
The electronics industry extensively uses film adhesives in many different electronic applications and are typically either epoxies or polyimides on a glass fabric carrier. Outstanding electrical, thermal, and mechanical qualities, precise and uniform application, adaptability, and customizability, such as its availability in thermoset and thermoplastic forms and they can be heat-activated or pressure-sensitive, are just a few advantages of using film adhesives.
For instance, the Japanese government has set aside USD 510 million by the end of 2022 for programs meant to support increased domestic semiconductor chip production. Improving domestic production in several nations, including the United States, Japan, and South Korea, is driving the demand for film adhesives worldwide.
Steady demand from Construction Sector in Asia Pacific to Drive the Film Adhesives Market
Film adhesives are essential to the construction industry because they have many uses and advantages. They are employed in several construction applications, such as structural bonding, building envelopes, and exterior construction, to support the overall stability, structural integrity, and visual appeal of building projects. Adhesives are widely used in civil engineering and construction because they enhance adhesion and make thick joints and large surface bonding easier, which creates a strong, long-lasting bond between two surfaces through high strength joining or connection.
For instance, a residential community with 21 apartment buildings is to be built in Busan City, South Korea where construction started in Q3 2023 and is expected to complete in Q2 2026. Similarly, the project calls for the construction of a talent housing facility in Shaoxing City, Zhejiang, China’s Binhai New Area where construction started in Q3 2023 and is anticipated to be concluded in Q3 2026.
Likewise, in quarter 3 of 2023, various commercial and leisure construction projects commenced development activities in India, including Infosys Pocharam Office Campus Expansion (project completion year 2027), Madhapur Data Centre (project completion year 2026), Hyderabad Data Center (project completion year 2024), Varanasi Cantonment Railway Station-Godowlia Chowk Ropeway (project completion year 2025), and Bhimunipatnam Hotel Development (project completion year 2025). The Asian-Pacific region is likely to witness a surge in demand for film adhesives due to several upcoming construction projects.
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Impact of COVID-19
Due to supply chain disruptions and higher operating costs during the pandemic, the COVID-19 pandemic caused significant disruptions in the film adhesives market. Lockdowns caused by the pandemic led to a production decline and project cancellations and delays in the construction and transportation sectors, which also contributed to a decline in the demand for film adhesive across several end-use industries. For instance, according to the data published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), a global automotive association, in 2019, the production of automotive vehicles at the global level was 92,175,805 units. In addition, in the year 2020, the global production of automotive vehicles was 77,621,582 units, representing a year-on-year decline of 15.8%. Despite the high demand from the packaging sector, which was booming due to the rise in online retail during the pandemic, the postponed demand from other sectors also contributed to a decrease in film adhesive consumption globally in the year 2020.
Key Outlook
· For joining complex shapes and applications requiring accurate bond lines, film adhesive is a better option because it can be applied evenly to the substrate with minimal waste. Due to this property, they are employed in the attachment of substrates to microelectronic package housing, which houses sensors and other electronic components that are sensitive.
· The film adhesives are important because they provide several advantages in a variety of applications, such as incision films, wound care, medical protective apparel, and medical device assembly. Due to their special qualities, which include breathability, comfort, and adhesion, they are a crucial part of medical applications.
Report Scope
“Film Adhesives Assessment, Opportunities and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global film adhesives market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
In the dynamic landscape of industrial materials, film adhesives have emerged as a pivotal component, playing a crucial role in diverse applications across various industries. The Global Film Adhesives Market is experiencing a significant surge in demand, driven by an array of factors that underscore their versatility, performance, and reliability. This blog post delves into the key trends, drivers, and applications propelling the escalating demand for film adhesives on the global stage.
Understanding Film Adhesives:
Film adhesives, also known as bonding films, are thin layers of adhesive material that are applied to surfaces for bonding purposes. These adhesives are widely favored for their ability to provide a uniform bond line, improved stress distribution, and enhanced durability. The film format facilitates ease of application, making them suitable for a wide range of industries.
Key Drivers of Market Demand:
- Growing Aerospace and Defense Sector: The aerospace and defense industry has been a major catalyst for the increased demand for film adhesives. These adhesives find extensive use in manufacturing aircraft components, such as wings, fuselage panels, and interior structures. The need for lightweight and high-performance materials in this sector has driven the adoption of film adhesives, as they offer a perfect balance between strength and weight.
- Expanding Automotive Applications: As the automotive industry continues its quest for lighter, more fuel-efficient vehicles, film adhesives have gained prominence in automotive manufacturing. They are utilized in bonding components like body panels, interior trims, and electronic systems, contributing to improved structural integrity and fuel efficiency.
- Rising Demand in Electronics and Electrical Industries: The burgeoning electronics and electrical industries are major contributors to the increased demand for film adhesives. These adhesives are crucial for bonding delicate electronic components, ensuring reliability and performance. With the growing sophistication of electronic devices, the need for high-performance adhesives has become paramount.
- Advancements in Medical Device Manufacturing: The medical device manufacturing sector has witnessed a surge in demand for film adhesives, driven by advancements in materials and technologies. Film adhesives play a vital role in bonding and sealing medical devices, ensuring a sterile and secure environment.
- Renewable Energy Projects: The renewable energy sector, particularly in the manufacturing of wind turbines and solar panels, has embraced film adhesives for their ability to provide strong and durable bonds in harsh environmental conditions. As the world shifts towards sustainable energy solutions, the demand for film adhesives in this sector is expected to rise.
Future Prospects:
The future of the Global Film Adhesives Market looks promising, with ongoing research and development activities aimed at enhancing their properties and expanding their applicability. As industries continue to prioritize lightweight, durable, and high-performance materials, film adhesives are poised to play a pivotal role in meeting these demands.
In conclusion, the surge in demand for film adhesives is a testament to their versatility and effectiveness across various industries. As technology continues to advance and industries evolve, film adhesives are likely to remain at the forefront of innovative solutions, driving further growth in the global market.
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It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
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Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
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The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.
The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.
Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.
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