North America Thermoplastic Adhesive Films Market Forecast to 2030 - Regional Analysis - by Material, Technology, Application, and End Use

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; it is estimated to grow at a CAGR of 4.3% from 2022 to 2030.

Adoption of Bio-Based Thermoplastic Adhesive Films Drive North America Thermoplastic Adhesive Films Market

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 North America 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.

North America Thermoplastic Adhesive Films Market Overview

Thermoplastic adhesive films are used for assembling thermoplastic and metal components of automobiles. Thermoplastic adhesive films are also used in front and rear bumpers of cars as well as in automotive interiors. The innovation in automotive components and composites for reducing the weight of automobiles is growing, specifically to meet fuel efficiency and emission targets. North America offers an extensive growth opportunity for the players of thermoplastic adhesive films due to the growing end-use industries, such as automotive, textile, and electronics. As per the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, North America registered a production of 14.79 million vehicles.

According to the International Trade Administration data released in 2022, the Mexican automotive industry is one of the major sectors, consisting of 3.5% of the country's gross domestic production and 20% of the manufacturing gross domestic production. The report also reveals that Mexico is the seventh largest global passenger vehicle producer, manufacturing ~3 million vehicles. Moreover, 90% of vehicles produced in the country are exported, of which nearly 76% are exported to the US. North America has well-established automotive producers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group.

Thermoplastic adhesive films are also used to bond two materials with dissimilarities in thermal expansion coefficient in electronic component manufacturing. According to the Semiconductor Industry Association, semiconductor chip sales to the computer industry in the US significantly increased by ~51% from January 2020 to June 2021. The growth of the end-use industries creates opportunities for thermoplastic adhesive film manufacturers to expand their production capacities in North America during the forecast period.

North America Thermoplastic Adhesive Films Market Segmentation

The North America thermoplastic adhesive films market is segmented based on material, technology, application, end use, and country.

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 the largest share in 2022.

Based on technology, the North America thermoplastic adhesive films market is bifurcated into cast film and blown film. The cast film segment held a larger share in 2022.

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 the largest share in 2022.

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 the largest share in 2022.

Based on country, the North America thermoplastic adhesive films market is categorized into the US, Canada, and Mexico. The US dominated the North America thermoplastic adhesive films market in 2022.

PROTECHNIC SA, Adhesive Films Inc, Pontacol AG, HB Fuller co, Covestro AG, Scapa Group Ltd, tesa SE, and PROCHIMIR Inc are some of the leading companies operating in the North America thermoplastic adhesive films market.