Press release
Bonding Films Market: Increased Use of Bonding Films over Conventional Bonding Methods to Drivethe Growth
Bonding Films Market
The Bonding Films Market, valued at USD 1003.8 Mn. in 2022, is projected to experience a robust growth trajectory, with revenues expected to surge by 8.04% from 2023 to 2029, reaching nearly USD 1724.88 Mn.
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Report Scope:
The comprehensive report provides an in-depth analysis of the global Bonding Films Market from 2023 to 2029. It forecasts revenue growth at the global, regional, and country levels, offering detailed insights into market trends, drivers, restraints, and opportunities. The report includes qualitative and quantitative assessments, encompassing a thorough analysis of market dynamics, key industry characteristics, and future trends.
Research Methodology:
The research methodology employs a blend of primary and secondary research techniques, including value chain analysis, PESTLE analysis, Porter's Five Forces model, and competitive landscape assessment. Market forecasts are based on robust data analysis, providing valuable insights for stakeholders.
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Drivers:
The surge in demand for bonding films across industries such as electronics, transportation, and packaging is a significant driver for market growth. The versatility, affordability, and performance attributes of bonding films contribute to their widespread adoption, particularly in high-end aerospace applications and consumer electronics.
Restraints:
Challenges such as complex processing procedures, expensive storage, and stringent regulations regarding hazardous adhesive systems pose obstacles to market growth. However, innovations in VOC-free films and environmentally sustainable bonding film technologies present new opportunities for market players.
Regional Insights:
Asia Pacific dominates the Bonding Films Market, driven by the presence of major producers and rising demand from industries in countries like China, South Korea, Japan, and Taiwan. Europe and North America also hold significant market shares, albeit with slower growth due to stringent regulatory frameworks.
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Market Segment Analysis:
by Type
1.Epoxy
2.Polyurethane
3.Acrylic
4.Others
The bonding films market is divided into four categories based on type: epoxy, polyurethane, acrylic, and others. Over the course of the projection period, the Epoxy segment is anticipated to increase at the greatest CAGR. The market segment's rise can be attributed to epoxy bonding films' excellent bonding strength and ability to adhere to a number of substrate types. Strong bonds and exact control over bond line thickness are other features offered by these bonding films. They can be let to cure at different temperatures.
by Technology
1.Pressure Cured
2.Thermally Cured
3.Others
by End-use Industry
1.Electrical & Electronics
2.Packaging
3.Transportation
4.Others
The bonding films market is divided into four end-use industries: transportation, packaging, electrical and electronics, and others.In terms of market share, the Electrical & Electronics category led in 2022. This market segment's expansion is due to the expanding use of bonding films in consumer, industrial, defense & aerospace, and automotive applications. Between 2023 and 2029, the bonding film market is anticipated to expand at the highest compound annual growth rate (CAGR) within the electrical & electronics end-use industry.
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Market Key Players
1.3M (US)
2.Cytec Solvay Group (US)
3.Huntsman International LLC (US)
4.H.B. Fuller (US)
5.Dupont (US)
6. Rogers Corporation (US)
7.Hexcel Corporation (US)
8. Master Bond Inc. (US)
9.HMT Manufacturing, Inc (US)
10. Henkel AG & Co. KGaA (Germany)
11. Gluetex GmbH (Germany)
12. Dai Nippon Printing Co., Ltd (Japan)
13.Tokyo Electron Limited (Japan)
14. Showa Denko Materials Co., Ltd. (Japan)
15.Nihon Matai Co., Ltd. (Japan)
16. NAN YA PLASTICS CORPORATION (Taiwan)
17. Gurit Holding (Switzerland)
18. Pontacol AG (Switzerland)
19.Koninklijke Ten Cate Bv (Netherlands)
20. Everad Adhesives SAS (France)
21.Arkema (France)
22. Flextech s.r.l (Italy)
23. Loxeal Engineering Adhesives (Italy)
Competitive Landscape:
Key players in the Bonding Films Market are focusing on digitalization, technological advancements, and strategic mergers and acquisitions to strengthen their market position. Investments in research and development remain a priority to enhance product lines amidst evolving market dynamics.
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