Press release
Global Bonding Sheet Market Shows Booming Growth with Surprising Transition in Coming Decade 2024 - 2031 | Arisawa Manufacturing Co., Dexerials Corporation
Global Bonding Sheet Market
Global bonding sheet market is estimated to be valued at USD 446.07 Mn in 2024 and is expected to reach USD 740.05 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Market Dynamics:
The global bonding sheet market is expected to witness significant growth over the forecast period, 2024-2031. This is attributed to the growing electronics industry worldwide and increasing demand for miniaturized electronic devices. Bonding sheets help in making electronic devices compact by bonding different components together while ensuring reliability. Additionally, the growing adoption of LED lights and displays in various sectors has also fueled the demand for bonding sheets as they help in binding fragile LED chips.
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Major driver: Increasing use of bonding sheets in manufacturing industries is boosting the market growth
Bonding sheets are extensively used across various manufacturing industries such as automotive, electronics, aerospace etc. for bonding different components together. The global manufacturing sector has witnessed steady growth over the past few years. Automotive production has increased significantly across major economies to cater to the rising vehicle demand. Electronics manufacturing has also picked up pace with growing demand for consumer electronics. Bonding sheets are used in automotive for bonding exterior and interior vehicle parts. They are also used in electronics for assembling circuit boards and various electronic components. Thus, growth of manufacturing industries is fueling the demand for bonding sheets and propelling the market growth.
Major opportunity: development of bio-based and green bonding sheets present a lucrative opportunity
With growing environmental consciousness, there is a rising demand for more sustainable and eco-friendly construction and manufacturing materials. This presents a major business opportunity for bonding sheet manufacturers to develop green product alternatives. Some players have already launched bio-based bonding sheets made from renewable resources like plant starches and resins. These are 100% free of volatile synthetic solvents. Shift towards green chemicals in various end-use industries also favors the demand for bio-based bonding technologies. Sustainable bonding sheets help companies attain sustainability goals and get preference in government projects. This provides a lucrative opportunity for bonding sheet manufacturers to tap into new customer segments and expand their market share with innovative green product offerings.
Major trend: customization as per end-use industry requirements is a notable market trend
Bonding sheet manufacturers are focusing on product customization and tailored solutions as per specific demands of end-use industries. Different industries have unique material compatibility, bonding strength and environmental compliance needs. Standard off-the-shelf bonding sheets may not always meet customized technical and operational requirements across all application areas. Many players have started offering customized formulations developed specifically for adhesive characteristics needed in automotive, electronics, construction etc. They also provide customized packaging, pre-treatment services and technical support. This trend allows better optimization of bonding sheet performance. It also improves process efficiency and quality control in end-use production lines. Customized bonding solutions are gaining popularity as they help industries boost productivity and get superior bonding results.
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Top Companies Featured in This Report:
★ Arisawa Manufacturing Co.
★ Dexerials Corporation
★ DuPont
★ Fujikura Ltd.
★ Hanwha Solutions Advanced Materials Division
★ Microcosm Technology Co., Ltd.,
★ Namics Corporation
★ Nikkan Industries Co.,Ltd
★ Nippon Mektron Ltd.
★ Nitto Denko Corporation
★ Shin-Etsu Polymer Co., Ltd.,
★ Showa Denko Materials Co.
★ Taiflex Scientific Co. Ltd.
★ Toray Industries Inc.
★ Qinglong Adhesives
★ Orion Packart
Market Segmentation:
By Product Type:
★ By Adhesive Material: Polyimides, Polyesters, Acrylics, and Others (Modified Epoxies, etc.)
★ By End Use: Automotive, Construction, Telecommunication, Others (Electronics, etc.)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
What was the size of the Global Bonding Sheet Market in 2024, and what is the projected value by 2031?
What is the present global market landscape for the Global Bonding Sheet Market?
What strategies offer optimal opportunities for growth maximization in the business?
What recent trends are shaping the Global Bonding Sheet Market?
How does the market share of Global Bonding Sheet Market revenue, sales, and size vary across specific geographical regions?
Who are the prominent industry players in the Global Bonding Sheet Market?
Which segment of the Global Bonding Sheet Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Global Bonding Sheet sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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