(MENAFN- Ameliorate Digital Consultancy)
According to newly revealed data from the film adhesives market analysis, demand increased at a CAGR of more than 2% from 2016 to 2020. The market was valued at more than US$ 1 billion in 2020, and it is predicted to nearly double to over US$ 2 billion by 2031.
Sales in the electrical and electronics industry are forecast to remain high, accounting for more than half of total revenue through 2031, with aerospace trailing close behind.
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According to Fact.MR, a market research and competitive intelligence source, film adhesives sales increased at a CAGR of more than 2% from 2016 to 2020. Increased applications in important industry sectors such as automotive and transportation, electrical and electronics production, and aerospace fueled growth.
With the outbreak of COVID-19, growth prospects have darkened dramatically, according to Fact.
According to MR's film adhesives industry estimate, the market will be worth slightly more than $1 billion in fiscal 2020. In lieu of strict lockdowns, declining industrial activity reduced production targets. However, the industry is expected to grow at a 4% CAGR from 2021 to 2031.
Key Companies Profiled
AI Technology Inc. Arkema Group Axiom Materials Inc. Bondline Electronic Adhesives Inc. Solvay S.A. Dai Nippon Printing Co. Ltd. Everad Adhesives Fastel Adhesives GLUETEX GmbH Gurit Holding AG H.B Fuller Company Henkel AG & Co. KGaA Hexcel Corporation HMT Manufacturing
COVID-19's Effect on the Market for Film Adhesives Market Cover:
The COVID-19 pandemic and its effects on the Film Adhesives Market market, as well as predictions for the market's future, are covered in the research. It provides a breakdown of how the epidemic has affected the global marketplace. The demand and supply series was instantly disrupted by the outbreak. The economic impact on businesses and financial markets is also evaluated in the study on the Film Adhesives Market market. In order to provide its clients with information and methods to deal with business challenges both during and after the COVID-19 pandemic, Futuristic Reports has gathered advice from a number of industry delegates and engaged in secondary and primary research.
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Key Market Segments Covered
End-use Industry Electricals & Electronics Aerospace Automotive & Transportation Consumer Film Adhesives Other End Use Industries
Resin Epoxy Film Adhesives Cyanate Ester Film Adhesives Acrylic Film Adhesives Other Resin Film Adhesives
Regional Segments Analysed Include:
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa)
Brief Approach to Research
To estimate the data for this report, our analysis will use a modeling-based technique and a triangulation methodology. After gaining a thorough understanding of the market and evaluating the applications, types, forms, and end uses of the product segments covered by the study, a demand-side approach is used to estimate the sales of the target product segments. This is followed by a supply-side evaluation of the value produced over a specified time period. To determine the size of the worldwide market, statistics and data are gathered at the regional level, pooled, and synthesised at the global level.
This extensive study was developed using an approach that has been verified and is appropriate. Weighted chapters of the research deliver information and analysis on important market segments.
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The key business strategies discussed in this market research revolve around-
1) How important market players are retaining their competitive edge in the aftermath of globalisation in the Film Adhesives Market market?
2) How do shifting market dynamics in the Film Adhesives Market sector affect firms' prospects going forward?
3) What commercial strategies are getting notice and impacting competition in the Film Adhesives Market market?
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