Film Adhesives Market is expected to grow at a CAGR of 5.5% between 2018 and 2023

“Film adhesives market projected to grow at a CAGR of 5.5% from 2018 to 2023”

The film adhesives market is projected to grow from USD 1.24 billion in 2018 to USD 1.62 billion by 2023, at a CAGR of 5.5% between 2018 and 2023. This growth can be attributed to the preference for film adhesives over conventional adhesives in high-end aerospace applications as film adhesives aid in the manufacturing of large parts, providing easy shop handling, which is crucial for high-end aerospace applications. Furthermore, increasing electronic manufacturing activity and rising demand for miniaturization of components is expected to boost the market. However, high storage & transportation cost and time-consuming processing techniques are expected to restrain the growth of the film adhesives market.

 

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Epoxy projected to be the fastest-growing resin type segment of the film adhesives market”

Based on resin type, the epoxy segment is expected to grow at the highest CAGR during the forecast period. Unique properties of epoxy, such as high strength, high temperature resistance, and high fatigue resistance, are contributing to the growth of this segment.

 

““APAC film adhesives market projected to grow at the highest CAGR during the forecast period”

The film adhesives market in the APAC region is projected to grow at the highest CAGR during the forecast period. The preference for film adhesives over conventional adhesives in high-end aerospace applications and the gradual shift of manufacturing facilities to APAC countries due to low production cost are the key factors projected to drive the growth of the film adhesives market in the APAC region.

 

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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below:

  • By Company Size: Tier I – 53%, Tier II – 27%, and Tier III – 20%
  • By Designation Level: C-level – 40%, Director-level – 27%, and Others – 33%
  • By Region: North America – 47%, APAC – 33%, Europe – 13%, and RoW – 7%

 

Note: Others include sales managers, marketing managers, and product managers.

RoW includes the Middle East, Africa, and South America.

The tiers of companies are defined based on their total revenues in 2017: Tier 1 = >USD 1 billion, Tier 2 = USD 100 million to USD 1 billion, and Tier 3 =

 

Key companies profiled in this market research report include H.B. Fuller (US), Henkel (Germany), Arkema (Bostik) (France), 3M (US), and Cytec Solvay Group (Belgium).

 

Related Report:

 

Global Paint Protection Film Market Analysis 2012-2017 and Forecast 2018-2023

Paint protection film is also known as to as clear bra, clear paint film, PPF and clear film. It is a thermoplastic urethane film and also utilizes polymeric calendered PVC film, adhesives and clay coated paper. It is majorly applied on exposed painted automotive exteriors such as side mirrors, hoods, door edges, door handle cavities, bumpers, rocker panel, and wheel flare. The film provides protection from stone chips, bug damage, automotive fluid stains, road tar stains, scratches, and punishing outdoor weathering.

The global Paint Protection Film market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Paint Protection Film by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Read More: https://watchersofmarkets.com/products/global-paint-protection-film-market-analysis-2012-2017-and-forecast-2018-2023

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Posted by on Saturday August 11 2018, 5:31 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Chemicals, Chemicals & Materials, Featured Press Release, Manufacturing, Manufacturing & Construction, Plastics, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks are open. Follow responses: RSS 2.0

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