The global
adhesive films market is expected to post a CAGR of close to 5% during
the period 2019-2023, according to the latest market research report by
Technavio. A key factor driving the growth of the global adhesive films market
is the rise in demand for adhesive films in APAC. Many adhesive film
manufacturers are shifting their manufacturing activities to emerging economies
including China, India, Indonesia, Taiwan, and the Philippines due to the easy
availability of raw materials, low transportation costs and less stringent
government regulations. Also, the rapidly growing packaging industry in these
advancing economies is further expected to augment the adhesive films demand in
the upcoming years. Furthermore, the emergence of India and China as the
manufacturing hubs for packaging, construction, automobile and other industries
coupled with supporting government initiatives in APAC will foster the adhesive
films market growth during the forecast period.
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Global adhesive films market: Rising adoption of lightweight
vehicles
Adhesive films are increasingly being used to reduce the
deployment of fasteners in automobile components, including exterior body
parts, axles, and suspension systems. With the adoption of adhesive films as an
alternative to fasteners, the overall weight of vehicles is significantly
reduced. Therefore, the growing adoption of lightweight vehicles will directly
drive the adhesive films market growth during the forecast period. Moreover,
the fact that lightweight vehicles help in reducing fuel emissions and meeting
carbon dioxide emission standards make them a viable solution for end-users in
the automotive industry. Thus, with rising demand for lightweight vehicles, the
need for adhesive films will also increase in the forthcoming years.
“Stringent regulations in the economies, including the US,
Germany, the UK, and Canada, are fostering the use of adhesive films to produce
lightweight vehicle components. Car manufacturers are using materials,
including adhesive films, to meet carbon dioxide emission standards. This trend
is anticipated to foster the growth of the global adhesives films market during
the forecast period,” says a senior research analyst at
Technavio.
Global adhesive films market: Segmentation analysis
This market research report segments the global
adhesive films market by application (tapes, labels, graphics, and others)
and geographic regions (APAC, North America, Europe, MEA, and South America).
APAC led the market in 2018, followed by North America, Europe,
MEA, and South America, respectively. The market growth in APAC can be
attributed to the several advantages offered by adhesive films in different
end-user industries, including their superior strength, durability, and
chemical resistance.
Technavio’s sample reports are free of charge and contain
multiple sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
·
Market ecosystem
·
Market characteristics
·
Market segmentation analysis
Market Sizing
·
Market definition
·
Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
·
Regional comparison
·
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·
Vendors covered
·
Vendor classification
·
Market positioning of vendors
·
Competitive scenario
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