Adhesive flexible films exhibiting structural bonding of materials which are sensitive to high temperature and pressure are bonding films. They are mainly used in laminating applications at variable temperature, pressure and supports variety of substrates such as foam, fabric, paper, plastic, glass, metal, and rubber.
Bonding films are widely used in defence & aerospace, automotive, and industrial applications, owing to its effective bonding and insulating properties compared to conventional bonding methods. Rising demand for these films from end-use industries such as aerospace, semiconductor, automotive, electronics and electrical industries from both developed as well as developing economies is a key factor driving growth of the global bonding films market. In addition, bonding films are used in composite-to-composite, metal-to-metal, and composite-to-metal bonding applications, also in packing of foam, fabric during transportation. Rising demand for bonding film as a protective film in transportation industry is another factor excepted to boost growth of the global bonding film market over forecast period.
Nevertheless, stringent regulations imposed by government on disposal of bonding films is a key factor restraining growth of the global bonding films market. Additionally, lengthy and costly processing techniques of bonding films has shifted consumer preference to alternatives such as resin and polymer films, is another factor expected to hamper growth of the global bonding films market over forecast period.
On the basis of type, epoxy bonding films is expected to be the largest segment in the bonding films market owing to high compatibility with various bonding substrates is increased use of epoxy films in end-use industries.
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The global bonding films market report has been segmented on the basis of product, technology, application, and region. On the basis of region, the global bonding films market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is expected to be the largest market in terms of revenue in the global bonding film market, owing to high demand from automotive, electronics, and electrical industries in the region. Asia Pacific is expected to witness fastest growth with CAGR of X.X% in the global bonding films market over the forecast period, owing to easy availability of raw materials in the region and high investments in setting up facilities for bonding films in the region.
Key players in the global bonding films market include Henkel AG & Co. KGaA, 3M Company, Cytec Industries Inc., Solvay SA, Hitachi Chemical Co., Ltd., Arkema S.A., H. B. Fuller Company, Hexcel Corporation, Gurit Holding AG, E. I. du Pont de Nemours and Company, and Rogers Corporation.