This report describes and explains the thermoplastic adhesive films market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global thermoplastic adhesive films market reached a value of nearly $2.08 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.41% since 2019. The market is expected to grow from $2.08 billion in 2024 to $2.86 billion in 2029 at a rate of 6.57%. The market is then expected to grow at a CAGR of 6.27% from 2029 and reach $3.88 billion in 2034.
Growth in the historic period resulted from the rising demand for consumer electronics, increasing demand for electric vehicles and expansion of textile industry. Factors that negatively affected growth in the historic period were economic uncertainty.
Going forward, rapid urbanization, strong economic growth in emerging markets, rising construction activities and growing automotive industry will drive the growth. Factor that could hinder the growth of the thermoplastic adhesive films market in the future include supply chain disruptions.
The global thermoplastic adhesive films market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 18.90% of the total market in 2023. 3M Company was the largest competitor with a 3.11% share of the market, followed by Avery Dennison Corporation with 2.73%, Covestro AG with 2.44%, BASF SE with 2.37%, Huntsman Corporation with 1.58%, Evonik Industries AG with 1.49%, H.B. Fuller Company with 1.44%, Bostik SA with 1.35%, Lohmann GmbH & Co. KG with 1.22% and The Lubrizol Corporation with 1.17%.
Asia-Pacific was the largest region in the thermoplastic adhesive films market, accounting for 39.91% or $831.98 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the thermoplastic adhesive films market will be Asia-Pacific and North America, Western Europe and then the other regions. Going where growth will be at CAGRs of 7.48% and 6.69% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 5.52% and 5.39% respectively.
The thermoplastic adhesive films market is segmented by material into polyamide, thermoplastic polyurethane, polyester, polyolefins, copolyamides, copolyesters and other materials. The thermoplastic polyurethane market was the largest segment of the thermoplastic adhesive films market segmented by material, accounting for 37.54% or $782.58 million of the total in 2024. Going forward, the thermoplastic polyurethane segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by material, at a CAGR of 7.91% during 2024-2029.
The thermoplastic adhesive films market is segmented by application into membrane films, barrier films and blackout films. The barrier films market was the largest segment of the thermoplastic adhesive films market segmented by application, accounting for 44.81% or $934.11 million of the total in 2024. Going forward, the barrier films segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by application, at a CAGR of 7.18% during 2024-2029.
The thermoplastic adhesive films market is segmented by end use into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction and other end users. The textile market was the largest segment of the thermoplastic adhesive films market segmented by end use, accounting for 26.22% or $546.71 million of the total in 2024. Going forward, the medical segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by end use, at a CAGR of 7.64% during 2024-2029.
The thermoplastic adhesive films market is segmented by technologies into extrusion coating, hot melt adhesive, resin blending, film casting and other technologies. The film casting market was the largest segment of the thermoplastic adhesive films market segmented by technologies, accounting for 34.78% or $725.12 million of the total in 2024. Going forward, the hot melt adhesive segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by technologies, at a CAGR of 7.75% during 2024-2029.
The top opportunities in the thermoplastic adhesive films market segmented by material will arise in the thermoplastic polyurethane segment, which will gain $362.64 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by application will arise in the barrier films segment, which will gain $387.32 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by end use will arise in the automotive segment, which will gain $185.84 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by technologies will arise in the film casting segment, which will gain $290.78 million of global annual sales by 2029. The thermoplastic adhesive films market size will gain the most in China at $218.59 million.
Market-trend-based strategies for the thermoplastic adhesive films market include role of bio-based materials in thermoplastic adhesive films, innovations in structural film adhesives for enhanced durability, development of high-performance thermoplastic elastomers (TPEs) and advancements in composite bonding with epoxy adhesive films.
Player-adopted strategies in the thermoplastic adhesive films market include strengthening its position in the automotive and wind energy sector and new launches to offer comparable slip performance to rubber in both wet and dry conditions.
To take advantage of the opportunities, the analyst recommends the thermoplastic adhesive films companies to focus on sustainability and innovation in bio-based materials, focus on sustainability and innovation in bio-based materials, focus on advancing thermoplastic elastomer solutions for flexible adhesion, focus on epoxy-based adhesive films for enhanced performance, focus on thermoplastic polyurethane to drive growth, focus on hot melt adhesives for rapid market growth, expand in emerging markets, focus on expanding distribution channels for thermoplastic adhesive films, focus on developing competitive pricing strategies for thermoplastic adhesive films, focus on targeted marketing campaigns for thermoplastic adhesive films, focus on strengthening brand recognition in the thermoplastic adhesive films market, focus on barrier films to capture growth opportunities and focus on medical segment for strong market growth.
The global thermoplastic adhesive films market reached a value of nearly $2.08 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.41% since 2019. The market is expected to grow from $2.08 billion in 2024 to $2.86 billion in 2029 at a rate of 6.57%. The market is then expected to grow at a CAGR of 6.27% from 2029 and reach $3.88 billion in 2034.
Growth in the historic period resulted from the rising demand for consumer electronics, increasing demand for electric vehicles and expansion of textile industry. Factors that negatively affected growth in the historic period were economic uncertainty.
Going forward, rapid urbanization, strong economic growth in emerging markets, rising construction activities and growing automotive industry will drive the growth. Factor that could hinder the growth of the thermoplastic adhesive films market in the future include supply chain disruptions.
The global thermoplastic adhesive films market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 18.90% of the total market in 2023. 3M Company was the largest competitor with a 3.11% share of the market, followed by Avery Dennison Corporation with 2.73%, Covestro AG with 2.44%, BASF SE with 2.37%, Huntsman Corporation with 1.58%, Evonik Industries AG with 1.49%, H.B. Fuller Company with 1.44%, Bostik SA with 1.35%, Lohmann GmbH & Co. KG with 1.22% and The Lubrizol Corporation with 1.17%.
Asia-Pacific was the largest region in the thermoplastic adhesive films market, accounting for 39.91% or $831.98 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the thermoplastic adhesive films market will be Asia-Pacific and North America, Western Europe and then the other regions. Going where growth will be at CAGRs of 7.48% and 6.69% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 5.52% and 5.39% respectively.
The thermoplastic adhesive films market is segmented by material into polyamide, thermoplastic polyurethane, polyester, polyolefins, copolyamides, copolyesters and other materials. The thermoplastic polyurethane market was the largest segment of the thermoplastic adhesive films market segmented by material, accounting for 37.54% or $782.58 million of the total in 2024. Going forward, the thermoplastic polyurethane segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by material, at a CAGR of 7.91% during 2024-2029.
The thermoplastic adhesive films market is segmented by application into membrane films, barrier films and blackout films. The barrier films market was the largest segment of the thermoplastic adhesive films market segmented by application, accounting for 44.81% or $934.11 million of the total in 2024. Going forward, the barrier films segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by application, at a CAGR of 7.18% during 2024-2029.
The thermoplastic adhesive films market is segmented by end use into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction and other end users. The textile market was the largest segment of the thermoplastic adhesive films market segmented by end use, accounting for 26.22% or $546.71 million of the total in 2024. Going forward, the medical segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by end use, at a CAGR of 7.64% during 2024-2029.
The thermoplastic adhesive films market is segmented by technologies into extrusion coating, hot melt adhesive, resin blending, film casting and other technologies. The film casting market was the largest segment of the thermoplastic adhesive films market segmented by technologies, accounting for 34.78% or $725.12 million of the total in 2024. Going forward, the hot melt adhesive segment is expected to be the fastest growing segment in the thermoplastic adhesive films market segmented by technologies, at a CAGR of 7.75% during 2024-2029.
The top opportunities in the thermoplastic adhesive films market segmented by material will arise in the thermoplastic polyurethane segment, which will gain $362.64 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by application will arise in the barrier films segment, which will gain $387.32 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by end use will arise in the automotive segment, which will gain $185.84 million of global annual sales by 2029. The top opportunities in the thermoplastic adhesive films market segmented by technologies will arise in the film casting segment, which will gain $290.78 million of global annual sales by 2029. The thermoplastic adhesive films market size will gain the most in China at $218.59 million.
Market-trend-based strategies for the thermoplastic adhesive films market include role of bio-based materials in thermoplastic adhesive films, innovations in structural film adhesives for enhanced durability, development of high-performance thermoplastic elastomers (TPEs) and advancements in composite bonding with epoxy adhesive films.
Player-adopted strategies in the thermoplastic adhesive films market include strengthening its position in the automotive and wind energy sector and new launches to offer comparable slip performance to rubber in both wet and dry conditions.
To take advantage of the opportunities, the analyst recommends the thermoplastic adhesive films companies to focus on sustainability and innovation in bio-based materials, focus on sustainability and innovation in bio-based materials, focus on advancing thermoplastic elastomer solutions for flexible adhesion, focus on epoxy-based adhesive films for enhanced performance, focus on thermoplastic polyurethane to drive growth, focus on hot melt adhesives for rapid market growth, expand in emerging markets, focus on expanding distribution channels for thermoplastic adhesive films, focus on developing competitive pricing strategies for thermoplastic adhesive films, focus on targeted marketing campaigns for thermoplastic adhesive films, focus on strengthening brand recognition in the thermoplastic adhesive films market, focus on barrier films to capture growth opportunities and focus on medical segment for strong market growth.
Major Market Trends
- Role of Bio-Based Materials in Thermoplastic Adhesive Films
- Innovations in Structural Film Adhesives For Enhanced Durability
- Development of High-Performance Thermoplastic Elastomers (TPEs)
- Advancements in Composite Bonding With Epoxy Adhesive Films
Key Mergers and Acquisitions
- Bemis Associates Acquired Protechnic To Enter New Market and Align Sustainability
- Mactac LLC Acquired Spinnaker Coating LLC To Support Research and Development
- Arkema S.a. Acquired Ashland Inc For Strengthening Adhesive Solution
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Thermoplastic Adhesive Films Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Thermoplastic Adhesive Films Market Segmentation
11 Thermoplastic Adhesive Films Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Thermoplastic Adhesive Films Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Thermoplastic Adhesive Films Global Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global thermoplastic adhesive films market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for thermoplastic adhesive films? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The thermoplastic adhesive films market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider thermoplastic adhesive films market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by material, by technologies, by application and by end use.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the thermoplastic adhesive films market.
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by material, by technologies, by application and by end use in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations This section includes recommendations for thermoplastic adhesive films providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Material: Polyamide; Thermoplastic Polyurethane (TPU); Polyester; Polyolefins; Copolyamides; Copolyesters; Other Materials2) By Technologies: Extrusion Coating; Hot Melt Adhesive; Resin Blending; Film Casting; Other Technologies
3) By Application: Membrane Films; Barrier Films; Blackout Films
4) By End Use: Textile; Automotive; Electrical And Electronics; Medical; Ballistic Protection; Lightweight Hybrid Construction; Other End Users
Key Companies Mentioned: 3M Company; Avery Dennison Corporation; Covestro AG; BASF SE; Huntsman Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Maxico; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; thermoplastic adhesive films indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The major companies featured in this Thermoplastic Adhesive Films market report include:- 3M Company
- Avery Dennison Corporation
- Covestro AG
- BASF SE
- Huntsman Corporation
- Evonik Industries AG
- H.B. Fuller Company
- Bostik SA
- Lohmann GmbH & Co. KG
- The Lubrizol Corporation
- Kureha Corporation
- Lintec Corporation
- Nitto Denko Corporation
- Polifilm China co. Ltd
- YG TAPE
- Ecoplast Ltd
- Dynamic Group
- K T S Polymers
- Kuraray Co., Ltd.
- Mitsubishi Chemical Corporation
- Suzhou Hongshuo Elastomer Technology Co. Ltd.
- Zhejiang Heshi New Material Co., Ltd.
- India Thermoplastics Engineers
- Wanhua Chemical Group
- Henkel AG & Co. KGaA
- Tesa SE
- Bostik SA
- PRF Composite Materials
- Bemis Associates
- Protechnic
- Arkema
- BASF SE
- Elastron
- Kraiburg TPE
- Hexpol TPE
- Clariant
- Kuraray
- PolyOne Corporation
- Grupa Azoty S.A.
- SiburCovestro AG
- Flex Films Europa SP. Z.O.O.
- Amerplast Sp z o.o.
- Treofan Holdings GmbH
- Balcanic BOPP SRL
- Lubrizol Corporation
- Avient Corporation
- Henkel AG & Co. KGaA
- Sika AG
- Axel Plastics Research Laboratories
- Tesa SE
- POLFILM
- Zista Group
- Saaf Film
- Sepehr Polymer Sepahan Complex (SPS)
- Henkel AG & Co. KGaA
- SABIC (Saudi Basic Industries Corporation)
- Jowat AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 312 |
| Published | March 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2.08 Billion |
| Forecasted Market Value ( USD | $ 3.88 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 58 |
