Bonding Film Market: Overview

A bonding film is defined as a high-strength and fast-bonding adhesive film for both metal and plastic bonds. It is a substance that is able to hold materials together by attaching their surfaces. Characteristics of bonding films include flexibility, bond narrow widths, minimization of oozing, and controlled and consistent thickness. Bonding films are widely used in various industries, owing to their broad range of applications such as high strength, fast bonding, high-temperature protection, etc.

Bonding Film Market: Key Segments

The bonding film market can be segmented based on type, technology, end-use industry, and region. In terms of type, the bonding film market can be classified into epoxy, acrylic, polyurethane, and others. The others segment includes polyvinyl acetate (PVA), polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), and phenolic. The epoxy segment holds a significant market share, owing to characteristics of epoxy bonding films such as high bonding strength and the capability to bond with different types of substrates. Epoxy is a highly significant type of bonding film due to its capability of being cured at different temperatures and control over bond line thickness.

Based on technology, the bonding film market can be divided into thermally cured, pressure cured, and others. The others segment comprises chemically cured and light cured technologies. The thermally cured segment is estimated to lead the bonding film market during the forecast period due to the attributes of thermally cured bonding films such as fast bonding within 2-5 seconds, minimal oozing, and ability to be used at high temperatures.

In terms of end-use industry, the bonding film market can be categorized into electrical & electronics, transportation, packaging, and others. The others segment includes medical and textiles industries. The electrical & electronics segment is anticipated to constitute a prominent market share in the near future. This is due to the extensive use of bonding films in aerospace, automotive, defense, consumer, and industrial electronics applications.

Bonding Film Market: Market Trends & Developments

A major factor likely to drive the bonding film market is the rise in demand for bonding films from various end-use industries. Additionally, the increased use of bonding films over conventional bonding methods due to their highly effective bonding is projected to fuel the market. Moreover, an increased use of bonding films in the semiconductor manufacturing industry is further expected to drive the bonding film market. However, high storage and transportation cost and more time requirement for processing techniques are expected to restrain the bonding film market during the forecast period. Nevertheless, an increased demand for bonding films from the smart clothing and wearable industry create new opportunities for the bonding film market.

Bonding Film Market: Regional Outlook

Based on region, the global bonding film market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to be a prominent region of the global bonding films market. The bonding film market in the region is likely to expand at a rapid pace due to an increase in demand for bonding films from various end-use industries such as electrical & electronics and transportation in emerging economies such as China, India, Japan, South Korea, etc.. Additionally, the easy availability of raw materials and presence of key manufacturers such as Hitachi Chemical Co., Ltd. Are estimated to fuel the market in the region. Europe and North America also account for a significant market share. However, the bonding film market in the regions is expected to expand at a sluggish pace due to stringent government regulations against the use of harmful adhesives.

Bonding Film Market: Key Players

Key players in the global bonding film market include Henkel AG & Co. KGaA, 3M, Cytec Solvay Group, Hitachi Chemical Co., Ltd., Arkema S.A., H.B. Fuller, Hexcel, Corporation, Dupont, Gurit, Koninklijke Ten Cate Bv, and Master Bond Inc.

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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