Global Bonding Films Market Size By Product Type (Epoxy, Acrylic, Polyurethane), By Technology (Thermally Cured, Pressure Cured), By Geographic Scope And Forecast

Report ID: 336649|No. of Pages: 202

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Global Bonding Films Market Size By Product Type (Epoxy, Acrylic, Polyurethane), By Technology (Thermally Cured, Pressure Cured), By Geographic Scope And Forecast

Report ID: 336649|Published Date: May 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Bonding Films Market Size And Forecast

Bonding Films Market size was valued at USD 996.21 Million in 2024 and is projected to reach USD 1861.75 Million by 2031, growing at a CAGR of 8.13% from 2024 to 2031.

  • Bonding films are thin layers of material used to create a strong, permanent connection between two surfaces. They function like a powerful adhesive, but in a film format, offering several advantages over traditional glues or mechanical fasteners.
  • The films noted for their outstanding capacity to form inseparable bonds between metal or plastic surfaces, are widely appreciated for their rapid curing properties, earning them the market name fast adhesive films.
  • Bonding Films are popular in a variety of industrial applications because they provide numerous benefits such as flexibility, structural integrity, and enhanced strength.
  • Their cost-effectiveness adds to their attractiveness, making them a popular alternative for many production operations.
  • Bonding Films are largely made of materials such as epoxy, acrylic, and polyurethane, among others, and use these materials’ exceptional adhesive qualities to form strong bindings.
  • Among these, epoxy is the most common material due to its high adhesive properties and versatility in curing at various temperatures.
  • Epoxy’s versatility makes it a perfect choice for bonding Films are now widely used in a variety of industries, including electronics, transportation, packaging, and more.

Bonding Films Market is estimated to grow at a CAGR of 8.13% & reach US$ 1861.75 Mn by the end of 2031

Global Bonding Films Market Dynamics

The key market dynamics that are shaping the global bonding films market include:

Key Market Drivers

  • Increasing Demand for Miniaturized and Lightweight Electronics: The trend toward smaller and lighter electronic devices, such as smartphones and wearables, drives up demand for bonding films. These films offer a low-profile and lightweight method for securely attaching components to these devices, which contributes to their compact size.
  • Automotive Industry Growth and Aesthetic Focus: The developing automotive industry, particularly in Asia, is driving the use of bonding films for attaching interior trim components, emblems, and ornamental features. Bonding films provide strong adhesion while leaving a smooth, aesthetically acceptable finish, which aligns with the increased emphasis on vehicle design.
  • Rising Automation and Focus on Efficiency in Manufacturing: Automation is becoming more prevalent across industries, and bonding films provide a rapid and effective means to join components in production lines. Their ease of use and constant bonding properties cut assembly time and labor costs, making them appealing to manufacturers.
  • Developments in Bonding Film Technology and Material Science: Ongoing advancements in bonding film materials and adhesive technology are driving market expansion. This includes increased durability and heat resistance, which allows bonding films to tolerate higher temperatures and harsher environments, hence broadening their application potential. Furthermore, the development of bio-based and environmentally friendly bonding film materials responds to the growing demand for sustainable manufacturing solutions.

Key Challenges:

  • Stringent Quality Control Requirements: Industries such as electronics and automobiles require strict quality control requirements to assure product reliability and safety. Meeting these standards demands thorough testing and certification of bonding films, which is a time-consuming and expensive process for manufacturers.
  • Potential for Improper Application: Despite their ease of use, bonding films can fail if not applied correctly. Inadequate surface preparation, inappropriate temperature or pressure, and poor operator training can all reduce adhesion strength and overall performance.
  • Competition from Traditional Bonding Methods: Mechanical fasteners and traditional adhesives are examples of established technologies that compete with bonding films. Factors such as cheaper initial costs and familiarity with older processes may dissuade producers from using bonding films, especially in certain applications.
  • Environmental Concerns and Regulations: Conventional bonding film materials and adhesives may include volatile organic compounds (VOCs), which contribute to air pollution. Increasing environmental laws are driving demand for eco-friendly bonding film solutions. Manufacturers, on the other hand, must strike a balance between performance and environmental factors while adhering to regulatory requirements.

Key Trends:

  • Bio-Based Adhesives: Manufacturers are creating adhesives made from renewable resources like plant starches or biopolymers, which will reduce dependency on petroleum-based ingredients while also supporting environmental sustainability.
  • Water-Based Adhesives: Advancements in water-based adhesives provide strong bonding qualities while reducing volatile organic compound (VOC) emissions, ensuring compliance with environmental standards and sustainability programs.
  • Recyclable Bonding Films: There is a growing interest in bonding films created from recyclable materials or built with increased reusability qualities, which contribute to the circular economy and reduce waste.
  • Multifunctional Bonding Films: Beyond basic bonding, films are now adding other capabilities including conductivity, thermal conductivity, and electromagnetic interference shielding, broadening their uses across industries.
  • Integration with Automation and Robotics: As automation and robotics become more common in manufacturing, there is a greater demand for bonding films that can be applied using automated methods. Pressure-sensitive automation (PSA) films and laser-activated bonding films provide for efficient and precise bonding in high-volume production applications.
  • Emerging Applications in Medicine and Healthcare: Wound dressings, microfluidic devices, and wearable medical gadgets are among the novel applications for bonding films. Advanced bonding films with biocompatible adhesives improve patient comfort and promote improved healthcare results.

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Global Bonding Films Market Regional Analysis

Here is a more detailed regional analysis of the global bonding films market:

Asia Pacific

  • Asia Pacific is substantially dominating the bonding films market and expected to continue its dominance throughout the forecast period owing to countries such as China, India, and Japan experiencing an increase in demand from industries such as packaging and automotive.
  • These nations have seen substantial expansion in the adhesive films market, owing to industrial development and improved economic conditions.
  • Furthermore, the region is home to the leading adhesive film manufacturers, including Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, L&L Products, and Henkel AG & Co. KGaA.
  • Adhesive films have a wide range of uses in industries such as automotive, aerospace, electrical and electronics.
  • In electronic applications, light-cured films are frequently favored because to their higher robustness, particularly in situations with extreme temperature changes. Furthermore, the increasing acceptance of e-commerce.
  • The Asia-Pacific region also drives demand for adhesive films, which play an important role in packing and shipping procedures.
  • Government support and programs targeted at boosting industrial growth and innovation help to drive up demand for adhesive films in the region.
  • As Asia-Pacific continues to enjoy significant industrial development and economic growth, combined with the increasing use of e-commerce, demand for adhesive films is predicted to rise steadily over the forecast period.

North America

  • North America is anticipated to be the fastest growing region during the forecast period owing to the United States and Canada being home to major electronics manufacturing and innovation hubs, resulting in a strong need for high-performance bonding films.
  • These films are crucial in the assembly of tiny and lightweight electronic devices, guaranteeing secure component attachment while keeping designs compact.
  • The electronics industry’s persistent pursuit of technological innovation fuels the demand for bonding films that are very reliable and perform well. North America has a well-established automotive industry that extensively uses bonding films for a variety of applications.
  • Gluing films help to improve the looks, usefulness, and durability of automobile interiors by doing everything from attaching interior trim to gluing emblems and dampening noise. The automobile industry’s ongoing quest of innovation and development drives the demand for sophisticated bonding solutions in the region.
  • The growing use of automation in manufacturing lines across several industries needs quick and dependable bonding solutions. Bonding films provide a convenient and efficient bonding technology, allowing for streamlined assembly procedures and reduced production time.
  • As businesses in North America prioritize efficiency and productivity, the need for bonding films as a critical component of automated manufacturing systems grows.
  • North American manufacturers adhere to strict quality requirements to assure product safety and reliability. Bonding films that meet these stringent quality control criteria are critical to ensuring the integrity of completed products.
  • As a result, there is a strong desire for high-quality bonding films that have undergone extensive testing and certification procedures to ensure conformity with industry requirements.

Global Bonding Films Market: Segmentation Analysis

The Global Bonding Films Market is segmented based on Product Type, Technology, And Geography.

Bonding Films Market Segments Analysis

Bonding Films Market, By Product Type

  • Epoxy
  • Acrylic
  • Polyurethane

Based on Product Type, the market is bifurcated into Epoxy, Acrylic, and Polyurethane. The epoxy segment is showing significant growth in the bonding films market, Epoxy’s outstanding adhesive strength makes it an ideal solution for a variety of sectors, allowing for strong bindings with a wide range of widely used materials. One of its primary advantages is its ability to cure at a variety of temperatures, giving manufacturers greater flexibility in application methods. This fundamental quality of epoxy broadens its appeal across a wide range of industrial industries, causing significant revenue growth in the global market.

Bonding Films Market, By Technology

  • Thermally Cured
  • Pressure Cured

Based on the Technology, the market is bifurcated into Thermally Cured and Pressure Cured. The thermally cured segment had a significant impact on the global market. Temperature is the chosen medium for curing bonding films, particularly those containing epoxy. Epoxy-based bonding films function exceptionally well when cured at appropriate temperatures, allowing them to generate stiff and long-lasting bindings. This exact control over the curing process ensures maximum adhesion and reliability in a variety of applications. As a result, the thermally cured segment dominates the market, providing businesses with a dependable and effective bonding solution for a wide range of industrial applications.

Bonding Films Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Geography, the Global Bonding Films Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is substantially dominating the bonding films market and expected to continue its dominance throughout the forecast period owing to countries such as China, India, and Japan experiencing an increase in demand from industries such as packaging and automotive. These nations have seen substantial expansion in the adhesive films market, owing to industrial development and improved economic conditions. Furthermore, the region is home to the leading adhesive film manufacturers, including Toray Advanced Composites, NITTO DENKO CORPORATION, H.B. Fuller Company, L&L Products, and Henkel AG & Co. KGaA.

Key Players

The “Global Bonding Films Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are H.B. Fuller, Hexcel Corporation, Hitachi Chemical Co Ltd, Henkel AG & Co KGaA, Cytec Solvay Group, Dupont, Koninklijke Ten Cate BV, 3M Company, and Arkema SA. This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Bonding Films Market Recent Developments

Bonding Films Market Recent Developments

  • In May 2023, H.B. Fuller announced the acquisition of Beardow Adams, a UK glue maker. This acquisition is expected to boost H.B. Fuller’s market share in the European region.
  • In June 2023, Natixis announced the investment in Hexcel Corporation, boosting its stake in the company.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

H.B. Fuller, Hexcel Corporation, Hitachi Chemical Co Ltd, Henkel AG & Co KGaA, Cytec Solvay Group, Dupont, Koninklijke Ten Cate BV, 3M Company, and Arkema SA.

SEGMENTS COVERED
  • By Product Type
  • By Technology
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions

Bonding Films Market size was valued at USD 996.21 Million in 2024 and is projected to reach USD 1861.75 Million by 2031, growing at a CAGR of 8.13% from 2024 to 2031.

The trend toward smaller and lighter electronic devices, such as smartphones and wearables, drives up demand for bonding films.

The major players in the market are H.B. Fuller, Hexcel Corporation, Hitachi Chemical Co Ltd, Henkel AG & Co KGaA, Cytec Solvay Group, Dupont, Koninklijke Ten Cate BV, 3M Company, and Arkema SA.

The Global Bonding Films Market is segmented on the basis of Product Type, Technology, and Geography.

The sample report for the Bonding Films Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF THE GLOBAL BONDING FILMS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL BONDING FILMS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porter’s Five Force Model
4.4 Value Chain Analysis

5 GLOBAL BONDING FILMS MARKET, BY PRODUCT TYPE
5.1 Overview
5.2 Epoxy
5.3 Acrylic
5.4 Polyurethane
5.5 Others

6 GLOBAL BONDING FILMS MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Thermally Cured
6.3 Pressure Cured

7 GLOBAL BONDING FILMS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 The U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 The U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of LATAM
7.6 Middle East and Africa
7.6.1 UAE
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 Rest of the Middle East and Africa

8 GLOBAL BONDING FILMS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
8.4 Company Regional Footprint
8.5 Company Industry Footprint
8.6 ACE Matrix

9 COMPANY PROFILES

9.1 H.B. Fuller
9.1.1 Company Overview
9.1.2 Company Insights
9.1.3 Business Breakdown
9.1.4 Product Benchmarking
9.1.5 Key Developments
9.1.6 Winning Imperatives
9.1.7 Current Focus & Strategies
9.1.8 Threat from Competition
9.1.9 SWOT Analysis

9.2 Hexcel Corporation
9.2.1 Company Overview
9.2.2 Company Insights
9.2.3 Business Breakdown
9.2.4 Product Benchmarking
9.2.5 Key Developments
9.2.6 Winning Imperatives
9.2.7 Current Focus & Strategies
9.2.8 Threat from Competition
9.2.9 SWOT Analysis

9.3 Hitachi Chemical Co Ltd
9.3.1 Company Overview
9.3.2 Company Insights
9.3.3 Business Breakdown
9.3.4 Product Benchmarking
9.3.5 Key Developments
9.3.6 Winning Imperatives
9.3.7 Current Focus & Strategies
9.3.8 Threat from Competition
9.3.9 SWOT Analysis

9.4 Henkel AG & Co KGaA
9.4.1 Company Overview
9.4.2 Company Insights
9.4.3 Business Breakdown
9.4.4 Product Benchmarking
9.4.5 Key Developments
9.4.6 Winning Imperatives
9.4.7 Current Focus & Strategies
9.4.8 Threat from Competition
9.4.9 SWOT Analysis

9.5 Cytec Solvay Group
9.5.1 Company Overview
9.5.2 Company Insights
9.5.3 Business Breakdown
9.5.4 Product Benchmarking
9.5.5 Key Developments
9.5.6 Winning Imperatives
9.5.7 Current Focus & Strategies
9.5.8 Threat from Competition
9.5.9 SWOT Analysis

9.6 Dupont
9.6.1 Company Overview
9.6.2 Company Insights
9.6.3 Business Breakdown
9.6.4 Product Benchmarking
9.6.5 Key Developments
9.6.6 Winning Imperatives
9.6.7 Current Focus & Strategies
9.6.8 Threat from Competition
9.6.9 SWOT Analysis

9.7 Koninklijke Ten Cate BV
9.7.1 Company Overview
9.7.2 Company Insights
9.7.3 Business Breakdown
9.7.4 Product Benchmarking
9.7.5 Key Developments
9.7.6 Winning Imperatives
9.7.7 Current Focus & Strategies
9.7.8 Threat from Competition
9.7.9 SWOT Analysis

9.8 3M Company
9.8.1 Company Overview
9.8.2 Company Insights
9.8.3 Business Breakdown
9.8.4 Product Benchmarking
9.8.5 Key Developments
9.8.6 Winning Imperatives
9.8.7 Current Focus & Strategies
9.8.8 Threat from Competition
9.8.9 SWOT Analysis

9.9 Arkema SA
9.9.1 Company Overview
9.9.2 Company Insights
9.9.3 Business Breakdown
9.9.4 Product Benchmarking
9.9.5 Key Developments
9.9.6 Winning Imperatives
9.9.7 Current Focus & Strategies
9.9.8 Threat from Competition
9.9.9 SWOT Analysis

10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations

11 Appendix
Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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