Albany, NY -- (SBWIRE) -- 07/14/2014 -- Growing consumer electronics industry is expected to drive the market for adhesive films. Electrically insulating adhesive films are indispensable part of the consumer electronics as they are primarily used for components, substrates, heat sink attach, lid sealing and packaging applications. Changing lifestyle and rising disposable income in developing countries such as China, India and Brazil is driving consumer electronics industry. Major players from North America and Europe are changing their manufacturing bases to China to reduce production cost. Further, replacement of liquid adhesives by adhesive films is expected to boost the market growth. Adhesive films are easy to transport and handle, require no solvents for cleaning or dilution therefore eliminating mix tolerance concerns.
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Another major advantage adhesive films offer is that they are easy to apply over the surface uniformly with minimal wastage. In addition, growing demand from automotive electronics is expected to drive the market. Automotive electronics is driven by technological advances and changing needs of consumer groups. The requirement of blue-tooth, GPS, rear view camera and television in automobiles by consumer groups in developed and developing countries is driving automotive electronics industry which in turn expected to drive the market for adhesive films.
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However, high production cost and complex production process is expected to hamper the market growth. Production cost and complexity of adhesive films rises with customization of product as these are used in different application area. Adhesive films require curing by heat, pressure or curing agents that affect the cost. Additionally, volatile raw material prices are expected to inhibit the market growth by affecting profit margin of manufacturers. Technological advances in the field of bio-based adhesive films and increasing applications areas are expected to provide immense opportunities for the players in this market. As adhesive films are manufactured from crude oils they emit volatile organic compounds (VOC) and environmental regulations in various developed countries are enforcing the manufactures to develop bio-based adhesive films.
The applications of adhesive films include consumer & industrial electronics, defense & aerospace, automotive electronics, LED lighting, Radio frequency identification, solar energy, handheld communicating & computers and medical electronics. There are different types of adhesive films available for specific applications such as electrical conductive, electrical insulation and thermal conductive. They are used to reduce weight, enhance design freedom, simplify assembly and improve performance.
Growing demand from consumer electronics and automotive electronics is expected to drive the market in the APAC region. Demand from European region for adhesive films was submissive however development of adhesive films specific for wind energy application is expected to be the opportunity in the near future. Asia pacific leads the market followed by North America and Europe.
Adhesive films market is highly consolidated with few major players accounting for the majority of market share. The market is characterized by high degree of competition and players compete on their pricing strategy. Some of the market players in adhesive films industry include The Dow Chemical Company, Henkel Corporation, Gurit, BASF SE, DU Pont, Bayer Corporation, Adhesive Films Inc., 3M Company, Bostik US, Gluetex, HMT Manufacturing Inc., Presco among others.
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