The bonding films market was valued at USD 613.5 Million in 2016 and is projected to reach USD 985.5 Million by 2022, at a CAGR of 8.2% between 2017 and 2022. Mergers & acquisitions, new product launches, and expansions are the key strategies adopted by the major players to strengthen their foothold in the bonding films market. The North American region, followed by the European and Asia Pacific regions witnessed the maximum number of strategic developments undertaken by various players between 2011 and 2016.

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The key players operating in the bonding films market are Henkel AG & Co. KGaA (Germany), 3M (US), Cytec Solvay Group (Belgium), Arkema S.A. (France), Hitachi Chemical Co., Ltd. (Japan), H.B. Fuller (US), Hexcel Corporation (US), Gurit (Switzerland), DuPont (US), Rogers Corporation (US), etc. Henkel AG & Co. KGaA (Germany) is one of the leading manufacturers of bonding films across the globe. The company has been focusing on mergers & acquisitions, new product launches, and expansions to maintain its leading position in the bonding films market. For instance, in October 2015, the company acquired all the shares of The Bergquist Company (US). This helped the company to further strengthen its leadership position in the adhesives, sealants, and functional coatings market, globally. Moreover, in September 2014, the company launched Loctite Benzoxazine composites brand family, which consists of prepregs, infusion resins, and film adhesives for use in the aerospace industry.

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3M (US) and Cytec Solvay Group (Belgium) are other major players in the bonding films market. Another major player in the bonding films market, Arkema S.A. (Germany) acquired Bostik (US), which is the third-largest company in the global adhesives market in 2015. This acquisition helped Arkema broaden its product portfolio in the adhesives business segment. This acquisition also enhanced the position of the company in the specialty chemicals and advanced materials market.

The electrical & electronics end-use industry segment of the bonding films market is projected to grow at the highest CAGR between 2017 and 2022.

The electrical & electronics end-use industry segment accounted for the largest share of the bonding films market in 2016. Bonding films are extensively used in high-end defense & aerospace, automotive, industrial, and consumer electronics applications. The bonding films that are manufactured for use in the electrical & electronics industry are supplied in the form of rolls, sheets, or pre-cut forms. They are also die attached, which enables them to attain desired shape and characteristics. In the transportation end-use industry, bonding films are used in composite-to-composite, metal-to-metal, and composite-to-metal bonding applications.

The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period.

Based on the region, the bonding films market has been segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, and Rest of the World (RoW). In Rest of the World (RoW), the bonding films market has been studied for the Middle East & Africa and South America. The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific bonding films market can be attributed to the presence of the key manufacturers of bonding films in the region. Moreover, the growing demand for bonding films from various end-use industries such as electrical & electronics and transportation of the countries such as China, South Korea, Japan, and Taiwan of the region, also contribute to the growth of the Asia Pacific bonding films market. In addition, the easy availability of raw materials in the Asia Pacific region has also attracted several global companies and investors to set up their production facilities in the region, thereby contributing to the growth of the Asia Pacific bonding films market.

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