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Global Adhesive Films Market 2019-2023| 5% CAGR Projection Over the Next Five Years | Technavio

The Associated Press

LONDON--(BUSINESS WIRE)--Jun 11, 2019--

The global adhesive films market is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global adhesive films market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global adhesive films market is the rise in demand for adhesive films in APAC. Many adhesive film manufacturers are shifting their manufacturing activities to emerging economies including China, India, Indonesia, Taiwan, and the Philippines due to the easy availability of raw materials, low transportation costs and less stringent government regulations. Also, the rapidly growing packaging industry in these advancing economies is further expected to augment the adhesive films demand in the upcoming years. Furthermore, the emergence of India and China as the manufacturing hubs for packaging, construction, automobile and other industries coupled with supporting government initiatives in APAC will foster the adhesive films market growth during the forecast period.

As per Technavio, the rising adoption of lightweight vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global adhesive films market 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global adhesive films market: Rising adoption of lightweight vehicles

Adhesive films are increasingly being used to reduce the deployment of fasteners in automobile components, including exterior body parts, axles, and suspension systems. With the adoption of adhesive films as an alternative to fasteners, the overall weight of vehicles is significantly reduced. Therefore, the growing adoption of lightweight vehicles will directly drive the adhesive films market growth during the forecast period. Moreover, the fact that lightweight vehicles help in reducing fuel emissions and meeting carbon dioxide emission standards make them a viable solution for end-users in the automotive industry. Thus, with rising demand for lightweight vehicles, the need for adhesive films will also increase in the forthcoming years.

“Stringent regulations in the economies, including the US, Germany, the UK, and Canada, are fostering the use of adhesive films to produce lightweight vehicle components. Car manufacturers are using materials, including adhesive films, to meet carbon dioxide emission standards. This trend is anticipated to foster the growth of the global adhesives films market during the forecast period,” says a senior research analyst at Technavio.

Global adhesive films market: Segmentation analysis

This market research report segments the global adhesive films market by application (tapes, labels, graphics, and others) and geographic regions (APAC, North America, Europe, MEA, and South America).

APAC led the market in 2018, followed by North America, Europe, MEA, and South America, respectively. The market growth in APAC can be attributed to the several advantages offered by adhesive films in different end-user industries, including their superior strength, durability, and chemical resistance.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 06/11/2019 11:29 PM/DISC: 06/11/2019 11:29 PM