Report : Middle East & Africa 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 3.9% CAGR, The Middle East & Africa Thermoplastic Adhesive Films Market is Speculated to be Worth US$ 68.77 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Middle East & Africa thermoplastic adhesive films market was valued at US$ 50.60 million in 2022 and is expected to reach US$ 68.77 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Adoption of bio-based thermoplastic adhesive films and growing automotive and textile industries are among the critical factors attributed to the Middle East & Africa thermoplastic adhesive films market expansion.
The replacement of petroleum-derived polymers with bio-based materials or polymers, otherwise sourced from carbohydrates, vegetable fats and oils, starch, and agri-materials, is a significant trend in the Middle East & Africa thermoplastic adhesive films market. Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Bio-based materials are lightweight and exhibit long-term sustainability, which drives their use in commercial applications. The easy availability of natural raw materials for the production of bio-based polymers is an added factor fueling its supply and demand. Further, due to rising concerns and awareness about the social and environmental impacts of conventional adhesive systems, composite manufacturers are shifting toward environment-friendly raw materials such as natural fibers and bio-based materials. The rising demand for bio-based materials has prompted manufacturers to develop bio-based thermoplastic adhesive films for various composite applications such as matrix material and surface protection. Bio-based adhesive films are used for the production of lightweight natural fiber composites, thus reducing the reliance on petroleum feedstocks and fossil-fuel-derived adhesive systems. Moreover, stringent regulations, legislation, and policies concerning environment protection and energy efficiency creates a shift toward the development of bio-based polymers and adhesive systems.
On the contrary, fluctuations in raw material prices hampers the growth Middle East & Africa thermoplastic adhesive films market.
Based on material, the Middle East & Africa thermoplastic adhesive films market is segmented into polyethylene, polyamide, thermoplastics polyurethane, polyester, polypropylene, polyolefins, copolyamides, copolyesters, and others. The thermoplastics polyurethane segment held 36.4% share of the Middle East & Africa thermoplastic adhesive films market in 2022, amassing US$ 18.43 million. It is projected to garner US$ 26.53 million by 2030 to expand at 4.7% CAGR during 2022-2030.
Based on technology, the Middle East & Africa thermoplastic adhesive films market is bifurcated into cast film and blown film. The cast film segment held 71.5% share of the Middle East & Africa thermoplastic adhesive films market in 2022, amassing US$ 36.18 million. it is projected to garner us$ 49.75 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Based on application, the Middle East & Africa thermoplastic adhesive films market is segmented into membrane films, barrier films, and blackout films. The barrier films segment held 50.5% share of Middle East & Africa thermoplastic adhesive films market in 2022, amassing US$ 25.55 million. It is projected to garner US$ 35.94 million by 2030 to expand at 4.4% CAGR during 2022-2030.
Based on end use, the Middle East & Africa thermoplastic adhesive films market is segmented into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction, and others. The textile segment held 32.2% share of Middle East & Africa thermoplastic adhesive films market in 2022, amassing US$ 16.32 million. It is projected to garner US$ 23.39 million by 2030 to expand at 4.6% CAGR during 2022-2030.
Based on country, the Middle East & Africa thermoplastic adhesive films market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 34.3% share of Middle East & Africa thermoplastic adhesive films market in 2022, amassing US$ 17.33 million. It is projected to garner US$ 24.42 million by 2030 to expand at 4.4% CAGR during 2022-2030.
Key players operating in the Middle East & Africa thermoplastic adhesive films market are PROTECHNIC SA, HB Fuller co, Covestro AG, and tesa SE, among others.
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