What Fueled The Previous Growth In The Thermoplastic Adhesive Films Market?
The thermoplastic adhesive films market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of thermoplastic adhesive films has seen substantial growth. The market is set to escalate from $2.15 billion in 2024 and reach $2.34 billion in 2025 with a compound annual growth rate (CAGR) of 9.1%.
The expansion during the historic era is a result of the growing demand for lightweight materials, improved precision bonding techniques, a surge in automation usage in manufacturing, and the burgeoning construction and furniture sectors.
How Does the Forecast Look for the Thermoplastic Adhesive Films Market?
The thermoplastic adhesive films market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for substantial expansion in the thermoplastic adhesive films market in the coming years. The market is projected to escalate to a value of $3.29 billion by the year 2029, with a compound annual growth rate (CAGR) of approximately 8.9%.
This growth prediction for the forecast period is largely due to factors such as the escalating utilization in electronics and electrical components, the rapid growth of the packaging industry, expansion in the healthcare and medical device sectors, heightened production of sophisticated consumer electronics, and stiff regulatory norms. Key trends projected for the forecast period encompass the enhancment of thermoplastic composites, integration of nanotechnology, applications of 3D printing, enhancement of bonding techniques, and the advent of self-healing adhesive films.
What Are The Leading Drivers Of Growth In The Thermoplastic Adhesive Films Market?
The growth of the thermoplastic adhesive film market is predicted to be boosted by the escalating demand for consumer electronics. Everyday individual or household devices, consumer electronics are geared towards facilitating entertainment, communication, and convenience. Technological advancements, alongside a growing dependence on digital connectivity, are fuelling the demand for these electronics, as consumers are increasingly drawn towards intelligent solutions that augment convenience and entertainment. Thermoplastic adhesive films are advantageous in consumer electronics due to their strong, durable bonding and flexibility, improving device longevity and simplifying the assembly of electronic parts. For instance, the Shanghai Municipal People's Government reported in October 2023 that China's total retail sales of consumer electronics experienced a 4% surge, amounting to 2.2 trillion yuan (US$305 billion) in 2023, with the growth rate projected to ascend to 5% in 2024. Consequently, the accelerating demand for consumer electronics is propelling the growth of the thermoplastic adhesive film market.
How Are The Segments Defined Within The Global Thermoplastic Adhesive Films Market?
The thermoplastic adhesive filmsmarket 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
Subsegments:
1) By Polyethylene: Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)
2) By Polyamide: Nylon 6, Nylon 66, Bio-based Polyamides
3) By Thermoplastic Polyurethane: Ester-based Polyurethane, Ether-based Polyurethane
4) By Polyester: Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT)
5) By Polypropylene: Homopolymer Polypropylene, Copolymer Polypropylene
6) By Polyolefins: Polyethylene (PE), Polypropylene (PP)
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What New Trends Are Influencing The Thermoplastic Adhesive Films Market?
Leading organisations in the thermoplastic adhesive films marketplace are concentrating on creating novel products, such as bio-derived thermoplastic polyurethane adhesive films, to tackle environmental issues and cater to the increasing demand for sustainable materials. Bio-derived thermoplastic polyurethane (TPU) adhesive films are adhesive films that come from renewable biological materials instead of traditional petrochemical products. For instance, in May 2024, The Lubrizol Corporation, a specialty chemicals provider from the US for the transport industry, launched Pearlbond ECO 590 HMS TPU, a bio-based thermoplastic polyurethane developed for hot melt adhesives and extrusion applications. This novel product boasts rapid-setting properties, superior adhesion to a range of textiles (such as cotton, acrylic, nylon, and polyester), and high resistance to temperature and hydrolysis, ensuring longevity in challenging settings. With enhanced processability and approximately 61% bio-based content, Pearlbond ECO 590 is in line with Lubrizol's sustainability objectives whilst facilitating various applications like textile lamination, seam tapes, shoe production, among others.
Who Are the Key Players In The Thermoplastic Adhesive Films Market?
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
What Is The Most Dominant Region In The Thermoplastic Adhesive Films Market?
North America was the largest region in the thermoplastic adhesive films market in 2024. The regions covered in the thermoplastic adhesive films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
