Adhesive Films Market Regulatory Landscape and Operational Strategies 2020

According to a recent market study published by Transparency Market Research, the global adhesive films market is expected to expand at a CAGR of 6.0% from 2014 to 2020. If the figures hold true, the market will reach a valuation of US$14.45 bn by 2020 increasing from US$9.70 bn in 2013. The report is titled, “Adhesive Films - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.”

View Full Report: https://www.transparencymarketresearch.com/adhesives-films-market.html

Film adhesives include a range of phenolic, epoxy, and bismaleimide compounds that are supplied either in film or roll form. After undergoing the curative process, film adhesives form a permanent structural bond on the attaching surface and can withstand harsh environments, which include elevated temperatures as well.

According to the report, the rising demand for medical films and tapes to tend to wounds is pushing the growth of the adhesive films market. In addition, the increasing use of compact size and light weight electronic devices that require low-cost flexible packaging materials is fuelling demand for adhesive films and tapes. The other uses of adhesive films and tapes lie in the production of lightweight automobiles with improved efficiency.

From a geographic standpoint, Asia Pacific accounts for a dominant position in the global market for adhesive films. Going forward, the region is also slated to outshine all others in terms of growth rate on account of the spike in demand from the rapidly expanding automotive and electronics industries in the region. Consumer goods such as footwear and furniture are said to be stoking demand in the market in the region.

The market in Europe, on the other hand, is anticipated grow at a slower pace because of being saturated. North America is another crucial market that is likely to progress at a healthy clip in the upcoming year buoyed by an improving construction sector and booming packaging, medical, electronics, and other consumer goods industries. Medical, among them, is a crucial end-user industry in the continent.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/2552

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This release was published on openPR.