Thermoplastic Adhesive Films Market Scope and Analysis Report by 2030
Thermoplastic Adhesive Films Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1.76 Billion |
Market Size by 2030 | US$ 2.6 Billion |
Global CAGR (2022 - 2030) | 5.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Material
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
Industries such as automotive, electronics, and textile have been the major consumers of thermoplastic adhesive films. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by government regulations and trade restrictions. Moreover, lockdowns imposed by different countries hampered the inventory levels of many manufacturers in the same year. The shortage of manpower resulted in a reduction in thermoplastic adhesive film production and distribution operations. Additionally, government restrictions and other COVID-19-related precautions reduced the operational capacities of stakeholders in the thermoplastic adhesive films value chain.
In late 2021, the global thermoplastic adhesive films market began recovering from the losses incurred in 2020, with the revival of end-use industries such as automotive, textile, ballistic protection, and electrical & electronics. Expansion in production capacities in the chemicals & materials industry post-COVID-19 pandemic in many regions, such as Asia Pacific and North America, is expected to create lucrative opportunities for the thermoplastic adhesive films market in the coming years.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
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, Fenyang Dingxin Films Technology Co Ltd, and Fait Plast SpA are a few of the key players operating in the thermoplastic adhesive films market.