Global Film Adhesives Market Size is Projected to Reach 1.62 billion USD by 2023

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The Film Adhesives industry was 1.18 billion USD in 2017 and is projected to reach 1.62 billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.5% between 2017 and 2023. The market is driven by various end-user industries, such as Electrical & Electronics, Aerospace, Automotive & Transportation, Consumer.

The industry is less concentration, the key brand include H.B. Fuller (US), Henkel (Germany), Arkema (Bostik) (France), 3M (US), and Cytec Solvay Group (Belgium).

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Film Adhesives Market Research Report 2018 report released by QYResearch provides a basic overview of the Film Adhesives industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Film Adhesives industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Film Adhesive is an adhesive in film form, with or without a carrier, usually set by means of heat and/or pressure. The main advantage is uniformity of glueline thickness.

The epoxy segment is projected to be the largest and the fastest-growing resin type segment of the film adhesives market. Epoxies are high-performance adhesives providing high strength, high temperature resistance, and high fatigue resistance.

The automotive & transportation segment is projected to be the fastest-growing application segment of the film adhesives market. This growth can be attributed to the expansion of the automotive industry in the APAC region, which has led to a rise in the production of automobiles. Film adhesives are used in automotive manufacturing in bonding components and supporting assembly functions.

The film adhesives market in the APAC region is projected to grow at the highest CAGR during the forecast period. Film adhesives are preferred over conventional adhesives in high-end aerospace applications as they aid in the manufacturing of large parts, providing easy shop handling, which is crucial for high-end aerospace applications. Moreover, there is a gradual shift of manufacturing facilities to APAC countries due to low production cost. These factors are projected to drive the growth of the film adhesives market in the APAC region.

The Film Adhesives industry was 1.18 billion USD in 2017 and is projected to reach 1.62 billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.5% between 2017 and 2023. The market is driven by various end-user industries, such as Electrical & Electronics, Aerospace, Automotive & Transportation, Consumer.

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