{"id":560193,"date":"2021-08-30T09:44:01","date_gmt":"2021-08-30T09:44:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=560193"},"modified":"2021-08-30T09:44:01","modified_gmt":"2021-08-30T09:44:01","slug":"sales-of-acrylic-film-adhesives-are-likely-to-be-especially-strong-in-the-consumer-electronics-industry-check-new-report","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/sales-of-acrylic-film-adhesives-are-likely-to-be-especially-strong-in-the-consumer-electronics-industry-check-new-report_560193.html","title":{"rendered":"Sales of Acrylic Film Adhesives are Likely to be Especially Strong In The Consumer Electronics Industry : Check New Report"},"content":{"rendered":"
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Film Adhesives Market report by \u201cFact.MR \u2013 Market Research And Insights\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n
A recent study by Fact.MR on the film adhesives market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.<\/div>\n

As per an analysis by Fact.MR, the global film adhesives market is estimated exhibit positive growth, expanding at a CAGR of 4% during the forecast period 2021 to 2031. Owing to the increasing application across the end use industries such as aerospace, automotive, and electrical & electronics, the market for film adhesives is likely to reach a valuation of US$ 2 billion<\/span> by the end of 2031.<\/p>\n

The market registered a sluggish growth at a CAGR of 2% in 2020, which can be attributable to restrictions implemented to contain COVID-19. Restricted growth caused the market to close at around US$ 1 billion<\/span>. However, with ongoing expansion in the aerospace industry, the demand for film adhesives is expected to spur.<\/p>\n

According to a study by the Aerospace Industries Association, the U.S aerospace & defense industry has registered lucrative gains, accounting for sales of over US$ 909 billion<\/span> in 2019. Thus, with increasing air travel, the demand for new aircraft is estimated to rise, in turn, creating sales opportunities for film adhesives<\/a>.<\/p>\n

Electrical & electronic industry is estimated to dominate the end use segment, accounting for over 40% of the market share through 2031. Owing to the increase in use of film adhesives for bonding internal and external components such as switches, circuitry, wires, among others, the industry has become a center point for the expansion of the market.<\/p>\n

“To cater to increasing demand of adhesives from automotive, electrical & electronics and aerospace industries, leading players in the market are emphasizing on developing innovative film adhesives such as two-part epoxy adhesive to increase their market share,”<\/em> says the Fact.MR analyst.<\/p>\n

Request a report sample to gain comprehensive insights at<\/strong><\/p>\n

https:\/\/www.factmr.com\/connectus\/sample?flag=S&rep_id=6402<\/p>\n

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Key Takeaways from Film Adhesives Market Survey<\/strong><\/p>\n