Epoxy Film Adhesives Sales Expected to Rise at CAGR of 4% by 2031: Fact.MR Survey

NEW YORK, July 13, 2021 /PRNewswire/ -- As per an analysis by Fact.MR, the global film adhesives market is estimated exhibit positive growth, expanding at a CAGR of 4% during the forecast period 2021 to 2031. Owing to the increasing application across the end use industries such as aerospace, automotive, and electrical & electronics, the market for film adhesives is likely to reach a valuation of US$ 2 billion by the end of 2031. NEW YORK,July 13, 2021/PRNewswire/ -- As per an analysis by Fact...

NEW YORK, July 13, 2021 /PRNewswire/ -- As per an analysis by Fact.MR, the global film adhesives market is estimated exhibit positive growth, expanding at a CAGR of 4% during the forecast period 2021 to 2031. Owing to the increasing application across the end use industries such as aerospace, automotive, and electrical & electronics, the market for film adhesives is likely to reach a valuation of US$ 2 billion by the end of 2031.

The market registered a sluggish growth at a CAGR of 2% in 2020, which can be attributable to restrictions implemented to contain COVID-19. Restricted growth caused the market to close at around US$ 1 billion. However, with ongoing expansion in the aerospace industry, the demand for film adhesives is expected to spur.

According to a study by the Aerospace Industries Association, the U.S aerospace & defense industry has registered lucrative gains, accounting for sales of over US$ 909 billion in 2019. Thus, with increasing air travel, the demand for new aircraft is estimated to rise, in turn, creating sales opportunities for film adhesives.

Electrical & electronic industry is estimated to dominate the end use segment, accounting for over 40% of the market share through 2031. Owing to the increase in use of film adhesives for bonding internal and external components such as switches, circuitry, wires, among others, the industry has become a center point for the expansion of the market.

"To cater to increasing demand of adhesives from automotive, electrical & electronics and aerospace industries, leading players in the market are emphasizing on developing innovative film adhesives such as two-part epoxy adhesive to increase their market share," says the Fact.MR analyst.

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Key Takeaways from Film Adhesives Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

The market for film adhesives is highly competitive due to the presence of multiple regional and global market players. Manufacturers are increasingly investing in research and development (R&D) for introducing novel products to strengthen their market footprint and increasing their market share. For instance,

Some of the prominent players operating in the film adhesives market profiled by Fact.MR are:

More Valuable Insights on Film Adhesives Market

Fact.MR, in its new report, offers an unbiased analysis of the global film adhesives market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in film adhesives market with detailed segmentation:

Key Questions Covered in the Film Adhesives Market Report 

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