The Film Adhesives Market was valued at USD 1.18 billion in 2017 and is projected to reach USD 1.62 billion by 2023, at a CAGR of 5.5% during the forecast period. The base year considered for this study is 2017 and the forecast period is 2018-2023.

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Both, top-down and bottom-up approaches were used to estimate and validate the size of the film adhesives market, and to estimate the size of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, and Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for a technical, market-oriented, and commercial study of the film adhesives market.

The film adhesives market has a diversified and established ecosystem of upstream players, such as raw material suppliers, and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations. Key players operating in the market include H.B. Fuller (US), Henkel (Germany), Arkema (Bostik) (France), 3M (US), and Cytec Solvay Group (Belgium).

Film adhesives are solvent cast adhesives that form a thin flexible bonding layer. These films are extensively used as alternatives to fasteners as well as paste and liquid adhesives in many end-use industries such as aerospace, electrical & electronics, and automotive & transportation. Film adhesives can be activated thermally, chemically, or using light or pressure. These films comprise a thin layer of pre-catalyzed adhesive resin provided on a liner and are sold in the roll or sheet form.

The epoxy segment is projected to be the largest and the fastest-growing resin type segment of the film adhesives market. Epoxies are high-performance adhesives providing high strength, high temperature resistance, and high fatigue resistance.

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The automotive & transportation segment is projected to be the fastest-growing application segment of the film adhesives market. This growth can be attributed to the expansion of the automotive industry in the APAC region, which has led to a rise in the production of automobiles. Film adhesives are used in automotive manufacturing in bonding components and supporting assembly functions.

The film adhesives market in the APAC region is projected to grow at the highest CAGR during the forecast period. Film adhesives are preferred over conventional adhesives in high-end aerospace applications as they aid in the manufacturing of large parts, providing easy shop handling, which is crucial for high-end aerospace applications. Moreover, there is a gradual shift of manufacturing facilities to APAC countries due to low production cost. These factors are projected to drive the growth of the film adhesives market in the APAC region.

Scope of the Report:
The film adhesives market has been segmented as follows:
Film Adhesives Market, By Resin Type:
• Epoxy
• Cyanate Ester
• Acrylic
• Others

Film Adhesives Market, By End-use Industry:
• Electrical & Electronics
• Aerospace
• Automotive & Transportation
• Consumer
• Others

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