PUBLISHER: The Business Research Company | PRODUCT CODE: 1615067
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615067
Thermoplastic adhesive films are solid films made from thermoplastic materials that become soft and tacky when heated, enabling them to bond two surfaces together. These films are typically used in applications where heat activates their adhesive properties, allowing them to cool and solidify into a strong, durable bond.
The primary types of materials used in thermoplastic adhesive films include polyethylene, polyamide, thermoplastic polyurethane, polyester, polypropylene, polyolefins, copolyamides, copolyesters, and others. Polyethylene is a versatile and widely utilized polymer produced through the polymerization of ethylene, available in various forms such as low-density polyethylene (LDPE) and high-density polyethylene (HDPE). This material incorporates several technologies, including extrusion coating, hot melt adhesive applications, resin blending, and film casting, for various uses, including membrane films, barrier films, and blackout films. It serves a diverse range of end users, including the textile, automotive, electrical and electronics, medical, ballistic protection, and lightweight hybrid construction sectors.
The thermoplastic adhesive films market research report is one of a series of new reports from The Business Research Company that provides thermoplastic adhesive films market statistics, including thermoplastic adhesive films industry global market size, regional shares, competitors with a thermoplastic adhesive films market share, detailed thermoplastic adhesive films market segments, market trends and opportunities, and any further data you may need to thrive in the thermoplastic adhesive films industry. This thermoplastic adhesive films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The thermoplastic adhesive films market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth during the historic period can be attributed to several factors, including the rising demand for lightweight materials, improved methods for precision bonding, a greater use of automation in manufacturing, and the expansion of the construction and furniture industries.
The thermoplastic adhesive films market size is expected to see strong growth in the next few years. It will grow to $3.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to several factors, including the rising use of thermoplastic adhesive films in electronics and electrical components, the rapid expansion of the packaging industry, growth in healthcare and medical devices, increased production of high-tech consumer electronics, and the implementation of stringent regulatory standards. Key trends expected during this period include the development of reinforced thermoplastic composites, integration of nanotechnology, applications of 3D printing, advancements in bonding techniques, and the emergence of self-healing adhesive films.
The increasing demand for consumer electronics is projected to drive the growth of the thermoplastic adhesive film market in the future. Consumer electronics encompass electronic devices intended for everyday use by individuals or households, offering entertainment, communication, and convenience. This rising demand is attributed to technological advancements and a growing dependence on digital connectivity, as consumers pursue smart solutions that enhance convenience and entertainment. Thermoplastic adhesive films are vital in consumer electronics due to their strong and durable bonding capabilities and flexibility, which improve device longevity and facilitate the assembly of electronic components. For example, in October 2023, the Shanghai Municipal People's Government, a local administrative authority in China, reported that the total retail sales of consumer electronics in China increased by 4%, reaching 2.2 trillion yuan (approximately US$305 billion) in 2023, with growth expected to accelerate to 5% in 2024. Consequently, the rising demand for consumer electronics is fueling the growth of the thermoplastic adhesive film market.
Leading companies in the thermoplastic adhesive films market are concentrating on creating innovative products, such as bio-based thermoplastic polyurethane adhesive films, to address environmental concerns and meet the increasing need for sustainable materials. Bio-based thermoplastic polyurethane (TPU) adhesive films are produced from TPU materials sourced from renewable biological origins instead of traditional petrochemical sources. For instance, in May 2024, The Lubrizol Corporation, a U.S.-based specialty chemicals provider, launched Pearlbond ECO 590 HMS TPU, a bio-based thermoplastic polyurethane designed for hot melt adhesives and extrusion applications. This product boasts fast-setting capabilities, excellent adhesion to a variety of fabrics (including cotton, acrylic, nylon, and polyester), and high resistance to temperature and hydrolysis, ensuring durability in challenging conditions. With enhanced processability and around 61% bio-based content, Pearlbond ECO 590 aligns with Lubrizol's sustainability objectives while supporting diverse applications such as textile lamination, seam tapes, and footwear manufacturing.
In May 2022, Bemis Associates Inc., a U.S.-based plastics manufacturing firm, acquired Protechnic SAS for an undisclosed amount. This acquisition aims to enhance Bemis Associates' product portfolio and global manufacturing presence by utilizing Protechnic's innovative technologies to penetrate new markets and align with shared sustainability and corporate values. Protechnic is a France-based manufacturer specializing in thermoplastic adhesive bonding and thermoplastic adhesive films.
Major companies operating in the thermoplastic adhesive films market are Dow Inc, BASF SE, 3M Company, Henkel AG and Co. KGaA, Covestro AG, E. I. du Pont de Nemours and Company, Arkema SA, Mitsui Chemicals Inc., Sika AG, Avery Dennison Corporation, Lanxess AG, Huntsman Corporation, HB Fuller Company, EMS-Chemie Holding AG, Ashland Global Holdings Inc, Hexcel Corporation, Lohmann GmbH and Co. KG, Scapa Group Ltd, Bemis Associates Inc, Fait Plast SpA, Specialty Adhesive Film Co, American Polyfilm Inc, Pontacol AG, Zycon Technologies Inc, Adhesive Films Inc
North America was the largest region in the thermoplastic adhesive films market in 2023. The regions covered in the thermoplastic adhesive films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the thermoplastic adhesive films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The thermoplastic adhesive films market consists of sales of trims, panels, heat-transfer labels, bonding layers, and embroidery backing. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Thermoplastic Adhesive Films Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on thermoplastic adhesive films market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for thermoplastic adhesive films ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The thermoplastic adhesive films market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.