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Adhesive Film Market : The growth of the market is governed by various factors such as growing demand from end use industries

NEW YORK CITY, NEW YORK, UNITED STATES, September 21, 2022 /EINPresswire.com/ -- The adhesive film market is expected to reach USD 84.68 Billion by 2026, according to a new report by Reports and Data. Increasing adoption of these films increases the shelf life of materials and growing demand from the medical industry due to its features, including higher UV light, temperature resistance, and others. Furthermore, developing e-commerce, pharmaceutical, and consumer durables industries are anticipated to drive global market growth. Also, increasing demand from emerging economies is an additional factor expected to drive global market growth. Expanding packaging applications, especially in the food & beverages industry, is expected to stimulate the adhesive films market over the forecast period. The frozen food industry has been the dominant consumer over the past few years. These are used to link a paper with the plastics or cardboard presenting the desired information. Improvement in frozen food demand owing to hectic lifestyle and increase in consumer spending volume is expected to drive adhesive films market growth.

APAC is anticipated to witness the highest CAGR of 5.6% during the forecast period. Growing consumer electronics demand, particularly in the Asia Pacific, is expected to stimulate market demand. Significant electronic organizations are moving their manufacturing base to countries such as India and China, owing to affirmative government policies and reduced labor availability. They are mainly utilized for heat sink attach, electronic applications lid sealing, components, and substrates.

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The Key players in the Adhesive Film Market include 3M Company, UPM-Kymmene OYJ, Avery Dennison Corporation, CCL Industries, Cosmo Films, Constantia Flexibles, Toray Industries, Mondi Group, Coveris, and Ester Industries.

Further key findings from the report suggest

The adhesive film market is estimated to reach USD 84.68 Billion by 2026, at a CAGR of 5.2% during the forecast period. The tape applications account for the largest share of 46.7% of the market in 2018. Increasing application of adhesive tapes in several industries such as electrical & electronics, healthcare, and building & construction is rising the growth of the adhesive film tapes market. The electrical & electronics end user segment is anticipated to witness the highest CAGR of 5.8% during the forecast period. Adhesive films are utilized in the electrical & electronics industries to hold down industry warning labels, protecting insulation wrap, and information labels. Furthermore, adhesive film-based tapes are being used in the production of various consumer electronics devices, such as mobile phones and cameras. Growing demand for such adhesive film-based labels, tapes, and graphic films in electrical & electronics applications are encouraging the growth of the Adhesive Film Market. The polypropylene (pp) film type is expected to witness the highest CAGR of 6.0% during the forecast period. Polypropylene is a more flexible and cost-effective plastic than other thermo-forming and polyolefin materials. Also, polypropylene is extremely resistant to a wide variety of acids and solvent solutions with a temperature range up to 212°F.

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Film Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

Polypropylene (PP) Polyethylene (PE) Polyvinyl Chloride (PVC) Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

End User Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

Electrical & Electronics Packaging Transportation Medical Others

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico) Europe (Italy, U.K., Germany, France, Rest of Europe) Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific) Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

What is the expected year-on-year growth of the during the forecast period? What key trends are expected influence revenue growth of the market going ahead? Which region is expected to account for largest revenue share over the forecast period? Which key companies are profiled in the report?

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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