The thermoplastic adhesive films global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Thermoplastic Adhesive Films Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The thermoplastic adhesive films market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increasing demand for lightweight materials, enhanced methods for precision bonding, increasing use of automation in manufacturing, and the rise of the construction and furniture industries.
The thermoplastic adhesive films market size is expected to see strong growth in the next few years. It will grow to $3.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing use in electronics and electrical components, rapid expansion of the packaging industry, expansion in healthcare and medical devices, increased production of high-tech consumer electronics, and stringent regulatory standards. Major trends in the forecast period include reinforced thermoplastic composites, nanotechnology integration, 3D printing applications, improved bonding techniques, and self-healing adhesive films.
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Scope Of Thermoplastic Adhesive Films Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Thermoplastic Adhesive Films Market Overview
Market Drivers –
The rising demand for consumer electronics is expected to propel the growth of the thermoplastic adhesive film market going forward. Consumer electronics are electronic devices designed for everyday use by individuals or households, providing entertainment, communication, and convenience. The demand for consumer electronics is due to technological advancements and an increasing reliance on digital connectivity as consumers seek smart solutions that enhance convenience and entertainment. Thermoplastic adhesive films are useful in consumer electronics for their robust and durable bonding and flexibility, enhancing device durability and streamlining electronic component assembly. For instance, in October 2023, according to Shanghai Municipal People’s Government, a China-based local administrative agency of Shanghai, the total retail sales of China’s consumer electronics rise by 4% to reach 2.2 trillion yuan (US$305 billion) in 2023, while the growth pace will further increase to 5% in 2024. Therefore, the rising demand for consumer electronics is driving the growth of the thermoplastic adhesive film market.
Market Trends –
Major companies operating in the thermoplastic adhesive films market are focusing on developing innovative products, such as bio-based thermoplastic polyurethane adhesive films, to address environmental concerns and meet the growing demand for sustainable materials. Bio-based thermoplastic polyurethane (TPU) adhesive films refer to adhesive films made from TPU materials derived from renewable biological sources rather than traditional petrochemical sources. For instance, in May 2024, The Lubrizol Corporation, a US-based provider of specialty chemicals for transportation, introduced Pearlbond ECO 590 HMS TPU, a bio-based thermoplastic polyurethane designed for hot melt adhesives and extrusion applications. This innovative product features fast-setting capabilities, excellent adhesion to various fabrics (including cotton, acrylic, nylon, and polyester), and high resistance to temperature and hydrolysis, ensuring durability in demanding environments. With improved processability and approximately 61% bio-based content, Pearlbond ECO 590 aligns with Lubrizol’s sustainability goals while supporting various applications such as textile lamination, seam tapes, footwear manufacturing, and more.
The thermoplastic adhesive films market covered in this report is segmented –
1) By Material: Polyethylene, Polyamide, Thermoplastics Polyurethane, Polyester, Polypropylene, Polyolefins, Copolyamides, Copolyesters, Other Materials
2) By Technologies: Extrusion Coating, Hot Melt Adhesive, Resin Blending, Film Casting, Other Technologies
3) By Application: Membrane Films, Barrier Films, Blackout Films
4) By End Use: Textile, Automotive, Electrical And Electronics, Medical, Ballistic Protection, Lightweight Hybrid Construction, Other End Users
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Regional Insights –
North America was the largest region in the thermoplastic adhesive films market in 2023. The regions covered in the thermoplastic adhesive films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the thermoplastic adhesive films market are Dow Inc., BASF SE, 3M Company, Henkel AG and Co. KGaA, Covestro AG, E. I. du Pont de Nemours and Company, Arkema SA, Mitsui Chemicals Inc., Sika AG, Avery Dennison Corporation, Lanxess AG, Huntsman Corporation, HB Fuller Company, EMS-Chemie Holding AG, Ashland Global Holdings Inc., Hexcel Corporation, Lohmann GmbH and Co. KG, Scapa Group Ltd., Bemis Associates Inc., Fait Plast SpA, Specialty Adhesive Film Co, American Polyfilm Inc., Pontacol AG, Zycon Technologies Inc., Adhesive Films Inc
Table of Contents
1. Executive Summary
2. Thermoplastic Adhesive Films Market Report Structure
3. Thermoplastic Adhesive Films Market Trends And Strategies
4. Thermoplastic Adhesive Films Market – Macro Economic Scenario
5. Thermoplastic Adhesive Films Market Size And Growth
…..
27. Thermoplastic Adhesive Films Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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