The thermoplastic adhesive films market size has shown strong growth in recent years, expected to increase from $1.98 billion in 2023 to $2.15 billion in 2024, with a compound annual growth rate (CAGR) of 8.6%. The growth during this historic period can be attributed to the rising demand for lightweight materials, advancements in precision bonding methods, increased automation in manufacturing processes, and the expansion of the construction and furniture industries. In the forecast period, the market is anticipated to grow to $3.03 billion in 2028, achieving a CAGR of 9.0%. This growth will be driven by the increasing use of thermoplastic adhesive films in electronics and electrical components, the rapid expansion of the packaging industry, growth in healthcare and medical devices, increased production of high-tech consumer electronics, and compliance with stringent regulatory standards. Major trends in this forecast period include the development of reinforced thermoplastic composites, integration of nanotechnology, applications of 3D printing, improved bonding techniques, and the emergence of self-healing adhesive films.
Global Thermoplastic Adhesive Films Market Key Driver
The increasing demand for consumer electronics is likely to spur growth in the thermoplastic adhesive film market. These films are essential for bonding in electronic devices, enhancing durability and assembly efficiency. According to the Shanghai Municipal People's Government, retail sales of consumer electronics in China rose by 4% to 2.2 trillion yuan (US$305 billion) in 2023, with a projected growth rate of 5% in 2024, indicating a positive market outlook.
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Global Thermoplastic Adhesive Films Market Segments
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
By Geography:The regions covered in the thermoplastic adhesive films market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the thermoplastic adhesive films market in 2023.
Major Thermoplastic Adhesive Films Industry Players
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
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Thermoplastic Adhesive Films Market Overview
Thermoplastic adhesive films are solid films made from thermoplastic materials that soften and become tacky when heated, allowing them to bond two surfaces together. These films are often used where heat is applied to activate the adhesive properties, after which they cool and solidify to form a strong, durable bond.
Thermoplastic Adhesive Films Global Market Report 2023 provides data on the global thermoplastic adhesive films market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The thermoplastic adhesive films market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
