Report : North America 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 4.3% CAGR, the North America Thermoplastic Adhesive Films Market is Speculated to be Worth US$ 588.08 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the North America thermoplastic adhesive films market was valued at US$ 419.49 million in 2022 and is expected to reach US$ 588.08 million by 2030, registering a CAGR of 4.3% from 2022 to 2030. Growing automotive and textile industries and rising demand for consumer electronics are among the critical factors attributed to the North America thermoplastic adhesive films market expansion.
Technical textiles are high-functionality fabrics primarily manufactured for technical performance in industrial, medical, aerospace, automotive, ballistic, and sports applications. In 2022, the National Aeronautics and Space Administration (NASA) strengthened its Advanced Composites Consortium by adding advanced composite material suppliers and manufacturing equipment developers to support its Hi-Rate Composite Aircraft Manufacturing (HiCAM) project. In 2023, NASA granted US$ 50 million through its HiCAM project to 14 organizations to develop advanced composite materials and production capacities for aircraft structures. Moreover, the increased investment and funding in aerospace research and development capacities by governments globally have prompted market players to design and innovate aircraft materials such as advanced composites. Lightweight hybrid components and advanced composites are widely used in the automotive and aerospace industries for reducing weight and enhancing component functionality. Thermoplastic adhesive films are used to fabricate high-performance composites and honeycomb core structures. Thus, the automotive and textile industry is driving the North America thermoplastic adhesive films market.
On the contrary, fluctuations in raw material prices hampers the growth North America thermoplastic adhesive films market.
Based on material, the North America thermoplastic adhesive films market is segmented into polyethylene, polyamide, thermoplastics polyurethane, polyester, polypropylene, polyolefins, copolyamides, copolyesters, and others. The thermoplastics polyurethane segment held 21.9% share of the North America thermoplastic adhesive films market in 2022, amassing US$ 92.01 million. It is projected to garner US$ 138.90 million by 2030 to expand at 5.3% CAGR during 2022-2030.
Based on technology, the North America thermoplastic adhesive films market is bifurcated into cast film and blown film. The cast film segment held 64.1% share of the North America thermoplastic adhesive films market in 2022, amassing US$ 268.80 million. it is projected to garner us$ 382.33 million by 2030 to expand at 4.5% CAGR during 2022-2030.
Based on application, the North America thermoplastic adhesive films market is segmented into membrane films, barrier films, and blackout films. The barrier films segment held 44.2% share of North America thermoplastic adhesive films market in 2022, amassing US$ 185.35 million. It is projected to garner US$ 271.74 million by 2030 to expand at 4.9% CAGR during 2022-2030.
Based on end use, the North America thermoplastic adhesive films market is segmented into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction, and others. The textile segment held 24.1% share of North America thermoplastic adhesive films market in 2022, amassing US$ 101.15 million. It is projected to garner US$ 146.68 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on country, the North America thermoplastic adhesive films market is categorized into the US, Canada, and Mexico. The US held 82.0% share of North America thermoplastic adhesive films market in 2022, amassing US$ 343.98 million. It is projected to garner US$ 486.40 million by 2030 to expand a 4.4% CAGR during 2022-2030.
Key players operating in the North America thermoplastic adhesive films market are PROTECHNIC SA, Adhesive Films Inc, Pontacol AG, HB Fuller co, Covestro AG, Scapa Group Ltd, tesa SE, and PROCHIMIR Inc, among others.
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