Growing consumer electronics industry For Adhesives Films Global Market 2017 - 2020
Growing consumer electronics industry is expected to drive the market for adhesive films. Electrically insulating adhesive films are indispensable part of the consumer electronics as they are primarily used for components, substrates, heat sink attach, lid sealing and packaging applications. Changing lifestyle and rising disposable income in developing countries such as China, India and Brazil is driving consumer electronics industry. Major players from North America and Europe are changing their manufacturing bases to China to reduce production cost. Further, replacement of liquid adhesives by adhesive films is expected to boost the market growth. Adhesive films are easy to transport and handle, require no solvents for cleaning or dilution therefore eliminating mix tolerance concerns.
Another major advantage adhesive films offer is that they are easy to apply over the surface uniformly with minimal wastage. In addition, growing demand from automotive electronics is expected to drive the market. Automotive electronics is driven by technological advances and changing needs of consumer groups. The requirement of blue-tooth, GPS, rear view camera and television in automobiles by consumer groups in developed and developing countries is driving automotive electronics industry which in turn expected to drive the market for adhesive films.
Adhesive films market is highly consolidated with few major players accounting for the majority of market share. The market is characterized by high degree of competition and players compete on their pricing strategy. Some of the market players in adhesive films industry include The Dow Chemical Company, Henkel Corporation, Gurit, BASF SE, DU Pont, Bayer Corporation, Adhesive Films Inc., 3M Company, Bostik US, Gluetex, HMT Manufacturing Inc., Presco among others.
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