Bonding Films Market: Increased Use of Bonding Films over Conventional Bonding Methods to Drivethe Growth

The Bonding Films Market size was valued at USD 1084.50 Mn. in 2023 and the total revenue is expected to grow by 8.04% from 2024 to 2030, reaching nearly USD 1863.47 Mn.

A high-strength, quick-bonding adhesive film for both metal and plastic bonds is referred to as a bonding film. It is a substance that might adhere to surfaces to hold things together. Flexible, limited bond widths, minimal leaking, and controlled and uniform thickness are all traits of bonding films. Due to their wide range of uses, including high strength, quick bonding, high-temperature protection, etc., bonding films are widely utilized in a variety of industries. The bonding films are utilized for a variety of applications since they are economical. The use of bonding films has many advantages, including good adherence to a variety of surfaces, a layer of dielectric insulation, strong internal and structural linkages, and much more.

Electrical, electronic, and automotive industries all require bonding films since they act as insulators. An important element driving the growth of the global bonding films market is the increasing need for these films in end-use industries including electronics, transportation, and others. In addition, benefits provided by bonding films, including as ease of handling, affordability, and effective performance across a range of temperatures and environmental conditions, are significant drivers of the market's growth in a variety of industries over the forecast period.To know about the Research Methodology:-Request Free Sample Report
Scope of the Report:
The report provides a complete analysis of the global Bonding Films Market. This report estimates the Bonding Films Market, in terms of USD value from 2023 to 2030. This report forecasts revenue growth at global, regional & country levels and provides a detailed analysis of the latest trends in each of the segments from 2023 to 2030. This market is thoroughly examined both qualitatively and quantitatively. Additionally includes a thorough analysis of the major market drivers, barriers, opportunities, challenges, and trends. The report addresses a number of key industry characteristics. The Bonding Films Market Research Report includes a value chain analysis, PESTLE analysis, Porter's Five Forces model, competitive landscape, benchmarking of key players (by product, price, investments, expansion plans, physical presence, and market presence), market dynamics, market forecasts in terms of value, and future trends.

The market potential for growth in various geographies is examined in the Bonding Films Market Report. The regions of North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa are all covered in the report. The research also discusses the major growth prospects in various regional markets, on which businesses joining the Bonding Films market should concentrate to achieve success. In addition to examining the top players, the report also examines the competitive landscape of the Bonding Films market and the investment prospects for current market participants and new entrants.
Bonding Films Market Dynamics:
One of the major elements fueling the growth of the bonding films market is the rise in bonding film usage in the global transportation end-use industry. The preference for these adhesives over conventional models is growing, particularly in high-end aerospace applications. They are also increasingly used in the electronics sector to hold warning and informational labels. The market is also influenced by the rise in demand for films used in handheld computing, radio frequency identification (RFID), consumer electronics, automotive electronics, and consumer electronics, and LED lighting. The bonding films market is also positively impacted by an increase in investments, increased industrialization, and rising utilization of these films from a variety of end-user applications.

The growth of the packaging sector and the rising popularity of lightweight automobiles will both favorably affect and significantly fuel the bonding film market's growth. The rise of China and India as global manufacturing powerhouses and for packaging, construction, automotive, and other industries is expected to drive market growth for bonding films. This market's growth is also fueled by the growing substitution of bonding films for fasteners in automotive parts such as exterior body panels, axles, and suspension systems. The overall weight of vehicles is greatly decreased with the use of sticky sheets in place of fasteners. However, the development of VOC-free films and unvulcanized films, which support a variety of substrates and successfully attach the rubber to metal, are expected to open up new business opportunities for major players in the global bonding films market.

Bonding Film technologies are improving as worries about environmental sustainability on a worldwide scale gain importance. Future growth opportunities are becoming available thanks to new bonding films chemistries. High bond strength, durable, temperature- and chemical-resistant compounds have been crucial in the development and production of innovative goods.

Expensive Storage and Stringent Regulations fro Bonding Films

The complex processing procedures and expensive storage and shipping are expected to impede market growth across the world. During the forecast period of 2024–2030, strict laws controlling the use of hazardous adhesive systems are expected to pose a challenge to the bonding films market.
Bonding Films Market Segment Analysis:
By Type, the Bonding Films Market is segmented into Epoxy, Polyurethane, Acrylic, and Others. The Epoxy segment is expected to grow at the highest CAGR during the forecast period. The strong bonding strength of epoxy bonding films and their capacity to adhere to a variety of substrate types can be credited with the market segment's growth. These bonding films also provide strong bonds and precise control over bond line thickness. They can be cured at a variety of temperatures.By End use Industry, the Bonding Films Market is segmented into Electrical & Electronics, Packaging, Transportation, and Others.The Electrical & Electronics segment held the greatest market share in 2023. The growing use of bonding films in automotive, consumer, industrial, and defense & aerospace applications is responsible for this market segment's growth. The market for bonding films is expected to grow at the greatest CAGR in the electrical & electronics end-use industry between 2023 and 2030.
Bonding Films Market Regional Insights
Asia Pacific held the largest market share in 2023. The presence of several major bonding film producers in the region, together with rising demand from a variety of end-use industries, including electrical & electronics and transportation in nations like China, South Korea, Japan, and Taiwan, are attributed to the industry's growth. Additionally, the region's easy access to raw materials has drawn a number of international businesses and investors to establish production facilities there, which has fueled the growth of the Asia Pacific bonding films market. In addition, a significant share of the market is accounted by Europe and North America. Due to strict government rules against the use of harmful adhesives, the bonding film market in the region is expected to grow slowly.
Bonding Films Market Competitive Landscape:
Details about major competitors are included in the competitive landscape for bonding films. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies' market focus on bonding films.
By concentrating on digitalizing processes and adjusting to new technologies in robotic automation and artificial intelligence, market participants in the bonding films market are aligning their operating model to the new standard. During the forecast period, top firms in the Bonding Films Market sector are expected to continue to focus on mergers and acquisitions as a means of acquiring new technologies, strengthening portfolios, and leveraging capabilities. In the short to medium term, the Bonding Films Market is expected to be primarily driven by investments in R&D and technology to strengthen product lines despite the challenging market conditions.
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Bonding Films Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1084.50 Mn.


Forecast Period 2024 to 2030 CAGR:
8.04%
Market Size in 2030:
US $ 1863.47 Mn.


 Segments Covered:
by Type
1.Epoxy
2.Polyurethane
3.Acrylic
4.Others


by Technology
1.Pressure Cured
2.Thermally Cured
3.Others


by End-use Industry
1.Electrical & Electronics
2.Packaging
3.Transportation
4.Others



Bonding Films Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Bonding Films Market, Key Players  are:
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)

FAQs:

1. What is the study period of the market?
Ans. The Global Bonding Films Market is studied from 2023-2030

2. What is the growth rate of Bonding Films Market?
Ans. The Bonding Films Market is growing at a CAGR of 8.04% over forecast period.

3. What is the market size of the Bonding Films Market by 2030?
Ans. The market size of the Information Technology Market by 2030 is expected to reach at USD 1863.47 Mn.

4. What is the forecast period for the Bonding Films Market?
Ans. The forecast period for the Bonding Films Market is 2024-2030

5. What was the market size of the Bonding Films Market in 2023?
Ans. The market size of the Bonding Films Market in 2023 was valued at USD 1084.50 Mn.