Report : Europe Thermoplastic Adhesive Films Market Forecast to 2030 - Regional Analysis - by Material (Polyethylene, Polyamide, Thermoplastics Polyurethane, Polyester, Polypropylene, Polyolefins, Copolyamides, Copolyesters, and Others), Technology (Cast Film and Blown Film), Application (Membrane Films, Barrier Films, and Blackout Films), and End Use (Textile, Automotive, Electrical and Electronics, Medical, Ballistic Protection, Lightweight Hybrid Construction, and Others)
At 4.9% CAGR, the Europe Thermoplastic Adhesive Films Market is Speculated to be Worth US$ 813.82 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe thermoplastic adhesive films market was valued at US$ 555.04 million in 2022 and is expected to reach US$ 813.82 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Rising demand for consumer electronics and growing automotive and textile industries are among the critical factors attributed to the Europe thermoplastic adhesive films market expansion.
The consumer electronics industry is witnessing a significant surge due to the increasing usage of electronic appliances, such as smartphones, laptops, and other electronic products. They have become a necessity in the technological world. Thermoplastic adhesive films are widely used in several consumer electronics, such as cell phones and laptops. The demand for various electronic products is increasing with the constant expansion in the consumer electronics industry. The rising utilization of smartphones, laptops, and other devices is expected to drive the application of adhesive systems to manufacture core components. The complexity of electronic devices has increased along with the miniaturization of electronic components. Sophisticated electronic designs require high bonding strength and a small adhesion area, which is offered by thermoplastic adhesive films. Thus, the growing electronics industry driving the demand for Europe thermoplastic adhesive films.
On the contrary, fluctuations in raw material prices hampers the growth Europe thermoplastic adhesive films market.
Based on material, the Europe thermoplastic adhesive films market is segmented into polyethylene, polyamide, thermoplastics polyurethane, polyester, polypropylene, polyolefins, copolyamides, copolyesters, and others. The thermoplastics polyurethane segment held 24.0% share of the Europe thermoplastic adhesive films market in 2022, amassing US$ 133.26 million. It is projected to garner US$ 209.95 million by 2030 to expand at 5.8% CAGR during 2022-2030.
Based on technology, the Europe thermoplastic adhesive films market is bifurcated into cast film and blown film. The cast film segment held 66.0% share of the Europe thermoplastic adhesive films market in 2022, amassing US$ 366.45 million. it is projected to garner us$ 545.98 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on application, the Europe thermoplastic adhesive films market is segmented into membrane films, barrier films, and blackout films. The barrier films segment held 46.0% share of Europe thermoplastic adhesive films market in 2022, amassing US$ 255.59 million. It is projected to garner US$ 391.47 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on end use, the Europe thermoplastic adhesive films market is segmented into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction, and others. The textile segment held 25.4% share of Europe thermoplastic adhesive films market in 2022, amassing US$ 140.74 million. It is projected to garner US$ 212.55 million by 2030 to expand at 5.3% CAGR during 2022-2030.
Based on country, the Europe thermoplastic adhesive films market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany held 21.9% share of Europe thermoplastic adhesive films market in 2022, amassing US$ 121.78 million. It is projected to garner US$ 189.78 million by 2030 to expand at 5.7% CAGR during 2022-2030.
Key players operating in the Europe thermoplastic adhesive films market are PROTECHNIC SA, Pontacol AG, HB Fuller co, Covestro AG, Scapa Group Ltd, Gerlinger Industries GmbH, Fenyang Dingxin Films Technology Co Ltd, and tesa SE, among others.
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