Global Adhesive Films Market to Benefit From Rising Demand for Lightweight Automotives, to Rise to US$14.45 Billion by 2020: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has published a new report analyzing the global adhesive films market. The report is titled “Adhesive Films (Acrylic, Polyvinyl Acetate (PVAc), Polyurethane, Polyvinyl Butyral (PVB), Epoxy and Others) Market by Technology (Pressure Sensitive, Hot-melt, Light-cured and Others), by End-user Industries (Packaging, Automotive, Medical, Electronics and Other) For Tapes, Labels, Graphics and Other Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”.
The report estimates that the global market for adhesive films will observe a modest growth from US$9.70 billion in 2013 to US$14.45 billion in 2020, registering a CAGR of 6.0% between 2014 and 2020. Volume-wise, the market observed demands for nearly 3,105.5 kilo tons adhesive films in 2013.
The increasing applications of adhesive films in the healthcare, packaging, electronics and automotive industries are the chief drivers for global adhesive films market. The rising demand for flexible packaging and compact and lightweight electronic devices and global regulatory push for lightweight automotives to lower global carbon footprint will lead to future demands. The report broadly divides the global adhesive films market according to technologies, product types, major applications, chief end-users and key regional markets.
Amongst these major segments, pressure sensitive adhesive films dominated the market, accounting for more than three quarters of the market, acrylic adhesive films dominated the segment ‘product types’, tapes dominated the segment ‘application areas’, with a 45% market share and packaging emerged as the major end-user segment of the market in 2013. In the same year, Asia-Pacific emerged as the leading regional market with a nearly 40% share of the market.
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Some of the leading players of the partly consolidated market include 3M Company, Henkel AG & Company KGaA and Eastman Chemical Company.
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.