The global self-adhesive films market is expected to increase at a growth rate of ~5.6%, during the forecast period.
The demand for self-adhesive films has increased exponentially with the rise of the automotive industry which is forecasted to reach millions of tonnes by 2031. Noticeable sales of pressure-sensitive adhesives are expected in the global market of self-adhesive films.
Self-adhesive Films Market: An Overviews
Self-adhesive films are used in a variety of ways and are simple to utilise. To attach two surfaces, self-adhesive films are used. These films are catalysed adhesives that come in the shape of a film and contain compounds like phenolic and epoxy. On one side these films have pressure-sensitive adhesives. Self-adhesive films are major of two types as printable and non-printable.
Based on formulating technology, self-adhesive films can be made by calendaring or casting and these technologies are gaining popularity among manufactures and favouring the growth of the self-adhesive films market.
Additionally, these films are widely used in the packaging, automotive, construction and advertising sectors. The global market for self-adhesive films is expected to remain positive throughout the forecast period.
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Which Factors Boost the Demand for Self-adhesive Films Market?
In automotive industry, the demand for self-adhesive films are increasing due to its extensive use for door hinge washers, reinforcement plates, and bracket attachments which is expected to fuels the market growth.
These films are quick to attach as they are self-adhesive, inexpensive and can be easily changed. Furthermore, significant growth in various industries is projected to propel the growth of the self-adhesive films market.
How the Corrugated Packaging will Create Opportunity for the Self-adhesive Films Market?
Across the globe, in shipping & logistics sector, the demand for self-adhesive films is consistently increasing as it offers high adhesive strength, durability, and elasticity enable them to be used in a variety of applications.
Therefore, due to the increasing usage of corrugated packaging by manufacturers in the shipping & logistics sector is projected to bolster the sales of self-adhesive films.
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What is the Key Trend Supplementing Sales of Self-adhesive Films Market?
The top global manufacturers in the market are introducing antimicrobial films along with customization which is favouring the demand of the product. Self-adhesive antimicrobial films will safeguard the product and increase the consumption among consumers.
However, these trend adopted by self-adhesive films manufacturers is expected to propel the growth of the market in the forecast period.
What Limits the Growth of the Self-adhesive Films Market?
Polypropylene, polyvinyl chloride and other plastic materials are the raw materials which are used for self-adhesive films. It has observed that the prices of these raw materials has a higher initial cost which is restraining the growth of the self-adhesive films market.
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What Strategies are the Key Players Adopting for Increasing their Market Share in the Self-adhesive Films Market?
The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market.
In July 2020, a company named Decal has become the latest manufacturer to launch the self-adhesive antimicrobial film to support Covid-safe efforts in catering, industrial, retail and transportation environments.
Why will the U.S. Generate Significant Demand for the Self-adhesive Films Market?
In the North American region, U.S. is the fastest growing country in the industrial sectors and accounted for the prominent share of the self-adhesive films market. The growth of the market is recognised by the substantial demand for self-adhesive films from the chemical and building & construction industry in the country and is expected to propel the growth of the target market.
How has COVID-19 impacted the Growth of the Self-adhesive Films Market?
The COVID-19 pandemic has affected adversely industries and economies in several countries due to business shutdowns. The industries such as chemical, shipping & logistics are one of the substantial industries suffering severe disruptions such as the shutdown of industries, supply chain breaks and others which has affected the growth of self-adhesive films market.
Key Segments of Self-adhesive Films Market Covered in the Report
