Market Size of Adhesive Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Adhesive Films Market Analysis
The market for adhesive films is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are increasing demand from packaging industry and growing application in automotive sector. Stringent environmental regulations are expected to hinder the growth of the market studied.
- Packaging industry leads in the application of adhesive films followed by transportation industry owing to the advantage that it acts as an alternate to fasteners as well as paste and liquid adhesives.
- Adhesive films offer the simplest method of adhesive application to the substrate to be bonded with high efficiency and durability.
- Asia-Pacific region dominated the market for adhesive films market with China,India, Japan as major countries in consumption.