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Thermoplastic Adhesive Films Market is expected to reach US$ 2,599.37 million by 2030

The Global Thermoplastic Adhesive Films Market size is projected to grow from USD 1,757.01 million in 2022 to USD 2,599.37 million by 2030.

By The Insight Partners

Growing Automotive and Textile Industries Drives Global Thermoplastic Adhesive Films Market

The thermoplastic adhesive films market size was valued at US$ 1,757.01 million in 2022 and is expected to reach US$ 2,599.37 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.

The global thermoplastic adhesive films market encompasses the production and utilization of film-based materials such as polypropylene, thermoplastics polyurethane, and polyester across a diverse range of industries. Thermoplastic adhesive films act as smart coupling agents between metals and plastics. These films serve multiple purposes, including the boding of elastic fabrics in textiles, protective barriers in medical and automotive components, and bonding of incompatible materials in electronics. Over the years, this market has experienced steady growth, driven by factors such as the demand for lightweight and energy-efficient materials, expansion in the textile and automotive sectors, and the growing emphasis on sustainability. According to a report published by the European Automobile Manufacturers’ Association (ACEA), global motor vehicle production rose by 1.3% from 2020 to 2021; a total of 79.1 million motor vehicles, including 61.6 million passenger cars, were produced worldwide in 2021.

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According to a report by the Bureau of Transportation Statistics, China is one of the dominant markets for producing passenger cars and commercial vehicles. According to a report by Germany Trade & Invest, Germany is a major automotive market in Europe. The automotive market in this country registered a foreign market revenue of US$ 289 billion in 2021 (a 10% rise from 2020) from passenger car and light commercial vehicle original equipment manufacturers. In 2022, the National Aeronautics and Space Administration (NASA) strengthened its Advanced Composites Consortium by adding advanced composite material suppliers and manufacturing equipment developers to support its Hi-Rate Composite Aircraft Manufacturing (HiCAM) project. In 2023, NASA granted US$ 50 million through its HiCAM project to 14 organizations to develop advanced composite materials and production capacities for aircraft structures.

The increased investment and funding in aerospace research and development capacities by governments globally have prompted market players to design and innovate aircraft materials such as advanced composites. Lightweight hybrid components and advanced composites are widely used in the automotive and aerospace industries for reducing weight and enhancing component functionality. Thermoplastic adhesive films are used to fabricate high-performance composites and honeycomb core structures. Thus, the global automotive and textile industry is driving the thermoplastic adhesive films market.

Kureha Corp, Protechnic SA, Adhesive Films Inc, Shanghai Xingxia Polymer Products Co Ltd, Pontacol AG, HB Fuller Co, Covestro AG, Scapa Group Ltd, Prochimir Inc, and Fait Plast SpA are among the key players in the global thermoplastic adhesive films market.

Impact of COVID-19 Pandemic on Global Thermoplastic Adhesive Films Market Growth

During the COVID-19 pandemic, disruptions in chemicals & materials manufacturing operations significantly impacted global supply chains and hindered product manufacturing activities, delivery schedules, and sales. Various chemicals & materials companies reported product delivery delays and a sales slump in 2020. Moreover, restrictions on international travel imposed by governments of various European and Asia Pacific countries compelled manufacturers and suppliers to discontinue their business strategies, such as partnerships, temporarily. All these factors hampered many sectors during the pandemic and restrained the growth of the chemicals & materials industry. For instance, in March 2020, Scapa Group Ltd (France) operated with modified schedules due to fluctuating customer demands.

In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to a conducive environment for the chemical & materials industry. The sales of thermoplastic adhesive films increased with the resumption of production and sales operation of companies operating in automotive, electrical & electronics, textiles, and ballistic protection. Thus, the revival of operations in the manufacturing units positively impacted the thermoplastic adhesive films market.

The "Global Thermoplastic Adhesive Films Market Analysis to 2030" is a specialized and in-depth study of the chemicals & materials industry, focusing on the global thermoplastic adhesive films market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The global thermoplastic adhesive films market is segmented on the basis of material, application, technology, and end use. Based on material, the thermoplastic adhesive films market is segmented into polyethylene, polyamide, polyester, polyolefins, thermoplastic polyurethane, polypropylene, copolyamides, copolyesters, and others. Based on application, the market is categorized into membrane films, barrier films, and blackout films. Based on technology, the thermoplastic adhesive films market is segmented into cast film and blown film. Based on end use, the market is divided into textile, automotive, electrical & electronics, medical, ballistic protection, lightweight hybrid construction, and others. Based on the application, the barrier films segment dominated the global thermoplastic adhesive films market in 2022 and is expected to be the fastest-growing segment in the market. Thermoplastic adhesive barrier film acts as a protective material in the medical industry to protect a patient’s skin, particularly around an area of inflammation or healing. Single-use adhesive barrier film protects surfaces on dental equipment, such as control panels, lamps, handles, and air/water syringes.

 

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