Adhesive Films Market: By Product Type (Pressure Sensitive Adhesive (PSA), Heat Activated Adhesive, Polyurethane Adhesives, Rubber-based Adhesives, Acrylic Adhesives, and Others), By Material Type (Polyethylene, Polyvinyl Chloride, Polyvinyl Butyral, Polypropylene, and Others), By Application (Tapes, Graphic Films, Labels, and Other Applications), By End Use Industry (Packaging, Construction, Automotive and Transportation, Aerospace, Medical, Electrical & Electronics, and Others), and Geography

Adhesive Films Market was valued at USD 18,487.3 Million in 2023 and is poised to grow at a CAGR of 5.1 % over 2024-2030. The adhesive films market refers to the global industry involved in the production, distribution, and consumption of adhesive films or pressure-sensitive adhesive (PSA) films, which are thin layers of adhesive material coated onto a substrate or backing material, such as paper, plastic, or metal. These films are designed to adhere to surfaces when pressure is applied, eliminating the need for additional adhesives or activation agents. Adhesive films offer numerous advantages over traditional liquid adhesives, including ease of application, uniform thickness, and the ability to bond to a wide range of substrates. Adhesive films are widely used in various industries for bonding, joining, and sealing applications. The adhesive films market is primarily driven by growing demand in electronics industry. The increasing use of adhesive films in the electronics industry for bonding and encapsulation applications contributes to the increased demand of the adhesive films. With the rising demand for smartphones, tablets, wearables, and other electronic devices, the need for high-performance adhesive films with excellent thermal and electrical properties is expected to increase.

Moreover, growth in e-commerce packaging is another significant driver of the adhesive films market. The rise of e-commerce has fueled the demand for adhesive films used in packaging applications, such as carton sealing, tamper-evident seals, and label bonding. As online shopping continues to grow, the packaging industry is adapting to meet the changing requirements. Furthermore, integration of nanotechnology in the production of adhesive films for improved adhesion and mechanical strength present significant opportunities for the growth of the adhesive films market. However, volatility in the prices of the raw materials acts as significant restraints in the adhesive films market. The adhesive films market has seen several mergers and acquisitions, allowing companies to expand their product portfolios, access new markets, and strengthen their global presence. For instance, in July 2020, Adhetec launched antimicrobial adhesive films for cabins.

Adhesive Films Market Key Developments:

• In November 2022, Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, has launched two new innovative adhesive products Bostik HM2060 and Bostik HM2070 for the tape and label market in India.
• In May 2022, Bemis Associates acquired France-based manufacturing company, Protechnic to broaden its product portfolio.