Protective Films Market by Class, Type, End-Use Industry and Region

 The protective films market is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% from 2017 to 2022. The demand for protective films is rapidly increasing globally, as use of these films increases the shelf-life of products on which these are applied. This trend is observed in many end-use industries such as building &construction, transportation which include the automotive and aerospace sectors, electronics, packaging, and others, wherein the consumption of protective films is expected to see robust growth.

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New product launches, expansions, and mergers & acquisitions are the key growth strategies adopted by market players to maintain and enhance their positions in the protective films market. The growth of the protective films market can be attributed to the increased demand from the building and construction and transportation industries.

Major manufacturers of protective films, including Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (US), Chargeurs (France), DuPont (US), Arkema (France), Avery Dennison (US), Hitachi Chemical (Japan), Toray Industries, Inc. (Japan), and Polifilm Group (Germany) have been profiled in this report on the protective films market. These companies have adopted several strategies, such as new product launches, expansions, and acquisitions to strengthen their positions in the protective films market.

Nitto Denko Corporation (Japan) is one of the most active players in the protective films market. It develops various types of protective films based on different carrier materials such as polyolefin, PVC, and others and these films are applied on different substrates such as metals, plastics, aluminum panels, and others. These substrates are used in different end-use industries, such as electronics, building & construction, and transportation, among others. The company has adopted the acquisitions strategy during the past five years to enhance its position in the market. As a part of its strategy, in July 2016, Nitto Denko acquired the product line of functional films from Nolax Holding A.G (Switzerland) which are used in automotive side curtain airbags.

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Saint-Gobain (France) is another company that has established a strong foothold in the protective films market. Saint-Gobain markets two product lines, CHEMFILM and NORFILM protective films, catering to a wide range of industries. The company has adopted the acquisitions and new product launches strategies to further cement its status in the protective films market. As part of its strategy, the company acquired 100% equity capital of TekBond (Brazil).  TekBond is a supplier of adhesives, sealants, tapes, and masking tapes, which enabled Saint-Gobain expand its protective film business in Brazil.

Epoxy Bonding Films to Be the Fastest-Growing Type of Segment Between 2017 and 2022

The bonding films market was valued at USD 613.5 Million in 2016 and is projected to reach USD 985.5 Million by 2022, at a CAGR of 8.2% between 2017 and 2022. Mergers & acquisitions, new product launches, and expansions are the key strategies adopted by the major players to strengthen their foothold in the bonding films market. The North American region, followed by the European and Asia Pacific regions witnessed the maximum number of strategic developments undertaken by various players between 2011 and 2016.

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The key players operating in the bonding films market are Henkel AG & Co. KGaA (Germany), 3M (US), Cytec Solvay Group (Belgium), Arkema S.A. (France), Hitachi Chemical Co., Ltd. (Japan), H.B. Fuller (US), Hexcel Corporation (US), Gurit (Switzerland), DuPont (US), Rogers Corporation (US), etc. Henkel AG & Co. KGaA (Germany) is one of the leading manufacturers of bonding films across the globe. The company has been focusing on mergers & acquisitions, new product launches, and expansions to maintain its leading position in the bonding films market. For instance, in October 2015, the company acquired all the shares of The Bergquist Company (US). This helped the company to further strengthen its leadership position in the adhesives, sealants, and functional coatings market, globally. Moreover, in September 2014, the company launched Loctite Benzoxazine composites brand family, which consists of prepregs, infusion resins, and film adhesives for use in the aerospace industry.

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3M (US) and Cytec Solvay Group (Belgium) are other major players in the bonding films market. Another major player in the bonding films market, Arkema S.A. (Germany) acquired Bostik (US), which is the third-largest company in the global adhesives market in 2015. This acquisition helped Arkema broaden its product portfolio in the adhesives business segment. This acquisition also enhanced the position of the company in the specialty chemicals and advanced materials market.



The electrical & electronics end-use industry segment of the bonding films market is projected to grow at the highest CAGR between 2017 and 2022.

The electrical & electronics end-use industry segment accounted for the largest share of the bonding films market in 2016. Bonding films are extensively used in high-end defense & aerospace, automotive, industrial, and consumer electronics applications. The bonding films that are manufactured for use in the electrical & electronics industry are supplied in the form of rolls, sheets, or pre-cut forms. They are also die attached, which enables them to attain desired shape and characteristics. In the transportation end-use industry, bonding films are used in composite-to-composite, metal-to-metal, and composite-to-metal bonding applications.

The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period.

Based on the region, the bonding films market has been segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, and Rest of the World (RoW). In Rest of the World (RoW), the bonding films market has been studied for the Middle East & Africa and South America. The Asia Pacific bonding films market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific bonding films market can be attributed to the presence of the key manufacturers of bonding films in the region. Moreover, the growing demand for bonding films from various end-use industries such as electrical & electronics and transportation of the countries such as China, South Korea, Japan, and Taiwan of the region, also contribute to the growth of the Asia Pacific bonding films market. In addition, the easy availability of raw materials in the Asia Pacific region has also attracted several global companies and investors to set up their production facilities in the region, thereby contributing to the growth of the Asia Pacific bonding films market.




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