Adhesive Films Market is projected to showcase significant growth from packaging application

Adhesive Films Market growth is driven by increasing packaging applications, particularly in food & beverages industry over the forecast period. Frozen food industry has been the predominant consumer over the past few years. These are used to bond paper with the plastics or cardboard providing the desired information. Increase in frozen food demand owing to hectic lifestyle and rise in consumer spending capacity is likely to drive adhesive films market growth.
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Adhesive films market technologies include light-cured, pressure sensitive, hot melt, self cured and chemical cured. Pressure sensitive films dominated the market 2014. Light-cured films are likely to witness highest gains at a CAGR of more than 5.5% up to 2023. Hot melt adhesive films market finds wide uses in construction industry owing to ease in application and high bonding strength. Light-cured films are mostly preferred in electronic applications requiring higher strength at extreme temperature variations. Asia Pacific adhesive films market size was estimated at over 1.2 million tons in 2014 and is likely to witness highest gains over the forecast period. North America is likely to witness moderate growth rates over the forecast period. Europe is likely to witness below average growth rates owing to stringent VOC content regulations by governing authorities. Growth in automobile production coupled with vehicle fuel efficiency demand from end-users is likely to drive adhesive films market. Stringent government norms to reduce carbon emissions by reducing vehicle weight are likely drive demand. They are used in automotive application such as bracket attachments, door hinge washers and reinforcement plates. They are also used for automotive electronics applications driven by technological advancements such as GPS, blue tooth, automobile TVs, rear view camera. Make an inquiry for buying this report @ The global adhesive films market share is consolidated characterized by top four companies catering to major portion of the demand. The industry participants compete on the basis of prizing & services provided to end-user industries, which signifies a high degree of competition. Major companies operating in this market include Dow Chemical, BASF, Henkel, 3M Company. Other prominent companies include Bostik, Bayer, Gluetex, Gurit, DuPont, Presco and HMT Manufacturing.