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Bonding Films Market

Published Date : Jun 2024 | Forecast Year : 2019

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Bonding Films Market Size, Share, Industry Trends Segmentation Analysis by Type (Epoxy-based, Acrylic-based, Polyurethane-based, Silicone-based) by Application (Electronics, Automotive, Aerospace, Medical Devices) Growth, Demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG905

Published : Jun 2024

Pages : 152

Category : Chemical & Material

Format : Bonding Films Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 1863.47 million
MARKET SIZE (2023)USD 994.53 million
CAGR (2023-2029)8.13%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEEpoxy-based
Acrylic-based
Polyurethane-based
Silicone-base
BY APPLICATIONElectronics
Automotive
Aerospace
Medical Devices
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSMitsubishi Chemical Corporation, Toray Industries, Inc., Evonik Industries AG, Rogers Corporation, Tesa SE, Permabond LLC, Henkel AG & Co. KGaA, Dow Inc., H.B. Fuller Company, Avery Dennison Corporation, LORD Corporation, Arkema Group, Hitachi Chemical Co., Ltd., Nitto Denko Corporation, Lohmann GmbH & Co. KG.

Introduction: - 

Bonding films refer to Bonding materials used in various industries to join or laminate materials. These films usually consist of a base material that is covered on one or both sides with glue, offering versatility in use. They are widely used in manufacturing processes such as electronic, automotive, aerospace and medical devices. The primary function of Bonding films is to create strong and durable bonds between substrates, improving structural integrity and performance. They are designed to bond to a wide variety of materials, including metals, plastics, glasses and composites. Bonding films can be customized according to certain requirements such as flexibility, heat resistance and environmental resistance. The main advantages of Bonding films are ease of use, uniform distribution of glue and compatibility with automatic assembly processes. They are available in a variety of formats including sheets, tapes and rolls to meet a variety of bonding needs. All in all, Bonding films play a vital role in modern manufacturing as they enable efficient and reliable bonding solutions in various industries.

The global Bonding Films Market value was 994.53 million in 2023, it is Expected to Rise 1863.47 million 2032 with CAGR of 8.13%

Bonding Films Market

Size, by Product, - (USD Billion)

Epoxy-based

Acrylic-based

Polyurethane-based

Silicone-base

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

8.13%

The Forecast Market

Size for in USD:

$1863.47 millionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Overview: -

The market for Bonding films is constantly growing due to the increase in demand in various sectors such as electronics, automotive, aerospace and healthcare. The growth is primarily driven by the need for lightweight, durable and efficient Bonding solutions. Bonding films offer advantages such as better structural integrity, better manufacturing efficiency and compatibility with advanced materials such as composites and plastics. Technical advances in Bonding formulations are driving market expansion, with innovations focusing on properties such as thermal conductivity, electrical insulation and environmental sustainability. In particular, the automotive industry is an important factor in the growth of the market due to the increase in the production of electric vehicles and the promotion of light vehicle strategies. Geographically, the Bonding film market is dominated by the Asia Pacific region, fueled by strong industrialization, infrastructure development, and electronics manufacturing in countries such as China, Japan, and South Korea. North America and Europe also have a significant impact on market growth due to their strong manufacturing base and technological development.

Market Segmentation: -

Types:

  • Epoxy-based
  • Acrylic-based
  • Polyurethane-based
  • Silicone-based

Applications:

  • Electronics
  • Automotive
  • Aerospace
  • Medical Devices
  • Construction

Regions:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

    Bonding Films Market

    Share, by end user, (USD Billion)

    Analytica Global 994.53 million %

    Electronics

    Automotive

    Aerospace

    Medical Devices

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    1863.47 million

    Total Market Size

    USD (Billion),

    8.13%

    CAGR

    -

Key Market trends: -

The Bonding film industry is witnessing several key trends that are shaping its trajectory in various global markets. One major trend is the growing demand for lightweight materials, driven by strict regulations and the automotive and aerospace industries' emphasis on improving fuel efficiency and reducing emissions. This has encouraged the development and adoption of improved links that offer both strength and weight savings. In addition, the growth of electric vehicles is increasing the demand for Bonding films and lightweight structural components used in battery, which is driving the growth of the market. Another important trend is the industry's greater focus on sustainable development. Ecological Bonding compounds and recyclable materials are increasingly preferred to reduce the environmental impact during the life cycle of the product. Technical advances remain key, and continuous innovation improves the bond strength, thermal conductivity and electrical properties of these films to meet the changing needs of industry. In addition, capacity expansion in emerging markets, especially in the Asia-Pacific region, will create new opportunities for market players driven by the region's rapid industrialization and infrastructure. Together, these trends highlight a dynamic and evolving Bonding film landscape that is poised for continuous innovation and expansion.

Top Key Players: -

  • Mitsubishi Chemical Corporation
  • Toray Industries, Inc.
  • Evonik Industries AG
  • Rogers Corporation
  • Tesa SE
  • Permabond LLC
  • Henkel AG & Co. KGaA
  • Dow Inc.
  • H.B. Fuller Company
  • Avery Dennison Corporation
  • LORD Corporation
  • Arkema Group
  • Hitachi Chemical Co., Ltd.
  • Nitto Denko Corporation
  • Lohmann GmbH & Co. KG

    Bonding Films Market

    Size, by Product, - (USD Billion)

    APAC $ 21

    The Market will Grow

    At the CAGR of:

    8.13%

    The Forecast Market

    Size for in USD:

    $1863.47 millionB

    b0d51e3055fd6f23ff6a384a6e091406.svg

Regional Insights: -

North America and Europe are large markets characterized by a strong industrial base and strict quality standards, driving the demand for efficient connection solutions in the automotive, aerospace and electronics sectors. These areas are also at the forefront of technological development and innovation in Bonding products.

Asia Pacific is the largest and fastest growing market fueled by rapid industrialization, infrastructure development and expansion of electronics manufacturing capacity in countries such as China, Japan and South Korea. The region benefits from growing investment in the automotive industry and a growing consumer electronics market. Latin America and the Middle East and Africa regions are also seeing steady growth due to infrastructure projects and growth in the automotive industry.

Key stakeholders: -

  • Manufacturers
  • Suppliers of Raw Materials
  • Distributors and Resellers
  • End-Users (Industries)
  • Research and Development (R&D) Organizations
  • Regulatory Authorities
  • Industry Associations
  • Investors and Financial Institutions

Market opportunity: -

The market opportunity for Bonding films lies in the expansion of applications in various fields such as automotive, electronics, aerospace and medical devices. Due to the growing demand for lightweight materials, advanced Bonding technologies and durable solutions, there is a growing need for innovative Bonding films with excellent performance properties. In addition, the transition to electric vehicles and the development of smart devices offer opportunities for special connection solutions. Emerging markets in Asia Pacific and Latin America also offer significant growth opportunities due to infrastructure development and industrialization, which fosters a favorable environment for Bonding film market expansion and product innovation.

Bonding Films Market TO (USD BN)

Bonding Films Market

CAGR OF

8.13%

Bonding Films Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 1863.47 million%

Market restraints: -

Market constraints for the Bonding film industry include challenges such as high initial costs associated with advanced Bonding technologies and materials. Regulatory requirements and environmental standards also create barriers that require compliance and potentially increase production costs. In addition, the complexity of binding different substrates and achieving consistent performance under different environmental conditions may limit widespread use. Economic uncertainty and fluctuations in raw material prices continue to affect profitability and market stability of producers. In addition, competition from alternative bonding methods and technologies is an ongoing challenge that requires constant innovation and differentiation to maintain market share in the competitive Bonding film environment.

Recent development: -

May 20, 2024--The Mitsubishi Chemical Group (hereinafter, "the MCG Group") is pleased to announce that BENEBiOL™, a biomass-based polycarbonatediol, has been adopted as a raw material for polyurethane coatings for wind turbine blade protection: AROLEP 940 series by AEROX, following the collaboration under Joint Research and Development Agreement (JRDA) with AEROX. This marks the first-ever use of BENEBiOL™ in wind turbine blade coating agents.

Frequently Asked Question (FAQ): -

Q1. How big is the Bonding Films Market?

The Bonding Films Market size will be worth 1863.47 million by 2032.

Q2. What is the growth rate of Bonding Films Market?

The growth rate of the Bonding Films Market is 8.13%.

Q3. Which region held the largest market share in the Bonding Films Market?

Asia Pacific region had the largest share in the Bonding Films Market

Q4. What are the top players operating in the Bonding Films Market?

Mitsubishi Chemical Corporation, Toray Industries, Inc., Evonik Industries AG, Rogers Corporation, Tesa SE, Permabond LLC, Henkel AG & Co. KGaA, Dow Inc., H.B. Fuller Company, Avery Dennison Corporation, LORD Corporation, Arkema Group, Hitachi Chemical Co., Ltd., Nitto Denko Corporation, Lohmann GmbH & Co. KG

Bonding Films Market - Global Outlook & Forecast 2024-2029

Analytica Global
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Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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