Bonding Sheet Market
Bonding Sheet Market Forecasts to 2030 - Global Analysis By Adhesive Material (Polyesters, Acrylics, Modified Epoxies, Polyimides and Other Adhesive Materials), End User (Construction, Automotive, Electronics, Telecommunication and Other End Users) and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $422.53 MN |
Projected Year Value (2030) |
US $792.47 MN |
CAGR (2023 - 2030) |
9.4% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Bonding Sheet Market is accounted for $422.53 million in 2023 and is expected to reach $792.47 million by 2030 growing at a CAGR of 9.4% during the forecast period. A bonding sheet is a sheet or film used for surface covering or bonding that has a cement coating on one side. To prevent an early grip, it has a separate paper discharge layer. Despite occasionally is available in finished variations, it is often reflexive and smooth. It goes under a variety of names, including sheet glue, unadulterated cement, and just glue. A Bonding sheet is typically employed in multi-facet coverings to join flexible interior layers or stiff cap layers. It is frequently used for creating intensity sinks, rigid flex PCBs, bond stiffeners, and other components to attach flexible circuits to unbending flex sheets. In addition, it is used for elaborate overlays.
Market Dynamics:
Driver:
Rising automobile sector
Display screens, circuit boards, and other components are adhered to these sheets. For holding and fixing electronics assemblies for electronic control and advanced driver assistance system components, bonding sheet is also being used more and more. The demand for bonding sheets is expected to increase throughout the projected period as a result of the expanding automotive sector globally, the growing emphasis on modernizing passenger vehicles, and the integration of cutting-edge technologies including driver assistance and monitoring systems.
Restraint:
Geopolitical unpredictability
The development of AI, IoT, and telecom infrastructure has led to a boom in the electronics and semiconductor industries. The supply of semiconductor components is crucial to the industry. China and Southeast Asia are the main manufacturing regions for these components. The semiconductor sector is being impacted by international trade issues as well as rivalries between the US and China over technological superiority. The COVID-19 epidemic has had an unknown impact on the business as well. Because of the presence of international cooperation and intense rivalry, the semiconductor supply chain is unclear.
Opportunity:
Growing demand for lightweight transportation equipment
The automobile industry is increasingly moving away from traditional steels in favour of composites, low-density alloys like aluminum and magnesium, and ultra-high strength steels. Lightweight cars have a considerable potential to increase vehicle economy since they accelerate more quickly with less energy than heavier ones. New bonding processes are needed for these new materials. Bonding sheet provides flexibility in design, defense against vibration and stress from moving vehicles, and extended shelf life. The amount of vehicle parts, such as fasteners, that are needed can be greatly reduced by the usage of bonding sheet. This factor is accelerating market expansion.
Threat:
Risk of moisture affect
The effective bonded area between the fibers decreases as a result of moisture between the fiber-fiber linkages, which reduces the paper's stiffness and strength. The characteristics of the adhesive layer itself might be weakened by moisture. Numerous bonding sheet qualities might be negatively impacted by poor moisture management. The paper keeps the acidic breakdown products in an enclosed, airtight environment, which hastens aging. The market demand is being hampered by these factors.
Covid-19 Impact
The COVID-19 epidemic had an effect on the world market. Supply chain breakdowns and worker impairment have an impact on the worldwide market. A number of nations throughout the world imposed lockdown restrictions, which resulted in the shutdown of production plants. The epidemic further impacted the market with travel restrictions, restricted raw material supply, operating constraints, and decreased import and export activity. Nevertheless, the pandemic saw a spike in demand for these sheets from the consumer electronics and healthcare industries.
The polyimides segment is expected to be the largest during the forecast period
The polyimides segment is estimated to have a lucrative growth, due to its high efficiency, performance, and thermal properties. In particular, polyamide is resistant to wear and scrapes. Its exceptional strength is a result of this feature. Wires and cables in caustic environments are better protected by polyamides since they have a strong resilience to chemicals. It gives better mechanical characteristics, more tensile strength, and heat and chemical resistance. The market's expansion is being sped up by all these qualities.
The electronics segment is expected to have the highest CAGR during the forecast period
The electronics segment is anticipated to witness the fastest CAGR growth during the forecast period. Chips, hard drives, LED modules, and other electronic components are held and adhered to one another using bonding sheets in the electronics industry. The demand for bonding sheets for electronics and optoelectronics applications is rising as a result of the development of consumer electronics products that integrate artificial intelligence (AI), the internet of things (IoT), and new trends of smart gadgets.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The region's high population, accelerating industrial expansion, and strict environmental regulations can all be directly linked to the rise in demand for bonding sheet. Additionally, the increasing number of applications in the region is encouraging innovations and advances in the bonding sheet industry, which is supporting the expansion of the APAC bonding sheet market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. Consumer’s rising disposable incomes, bettering lifestyles, and the growing use of mobile devices all contribute to the market's expansion. The expansion of the market in the region is supported by the economic development and industrialization of China, Japan, Australia, and India, the rising sales of passenger cars, and the thriving construction industry. To take advantage of the cheap labor and raw resources in emerging nations, multinational corporations are establishing manufacturing facilities there. The huge applications of bonding sheets in electronics and automotive sectors is driving the market growth in the region.
Key players in the market
Some of the key players profiled in the Bonding Sheet Market include DuPont, Namics Corporation, Fujikura Ltd, Nikkan Industries Co.,Ltd, Microcosm Technology Co., Ltd, Dexerials Corporation, Nitto Denko Corporation, Arisawa Manufacturing Corporation, Hanwha Solutions Advanced Materials Division, Shin-Etsu Polymer Co. Ltd., Showa Denko Materials Co., Taiflex Scientific Co. Ltd, Qinglong Adhesives, Nippon Mektron Ltd and Toray Industries, Inc.
Key Developments:
In May 2023, DuPont announced that it will introduce its latest Tedlar® frontsheet materials at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will be located at Booth W4-555 at Shanghai New International Expo Center.
In February 2023, Nippon Paper Industries Co., Ltd. announced the establishment of a manufacturing and sales subsidiary in Hungary for CMC (carboxymethyl cellulose, product name: SUNROSE MAC®), which is one of the materials used for lithium-ion battery (LiB) anodes in electric vehicles (EV), to join its rapidly growing supply chain system in Europe.
In February 2022, Shin-Etsu Chemical, the parent organization of Shin-Etsu Polymer Co., Ltd. is investing approximately USD 680 million in manufacturing facilities in Japan. The company has adopted the investments & expansions strategy to increase the production capacity of silicon-based products including silicon resins, fluids, and other related products. The facility is expected to increase production capacities and become operational by 2025.
Adhesive Materials Covered:
• Polyesters
• Acrylics
• Modified Epoxies
• Polyimides
• Other Adhesive Materials
End Users Covered:
• Construction
• Automotive
• Electronics
• Telecommunication
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bonding Sheet Market, By Adhesive Material
5.1 Introduction
5.2 Polyesters
5.3 Acrylics
5.4 Modified Epoxies
5.5 Polyimides
5.6 Other Adhesive Materials
6 Global Bonding Sheet Market, By End User
6.1 Introduction
6.2 Construction
6.3 Automotive
6.4 Electronics
6.5 Telecommunication
6.6 Other End Users
7 Global Bonding Sheet Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 DuPont
9.2 Namics Corporation
9.3 Fujikura Ltd
9.4 Nikkan Industries Co.,Ltd
9.5 Microcosm Technology Co., Ltd
9.6 Dexerials Corporation
9.7 Nitto Denko Corporation
9.8 Arisawa Manufacturing Corporation
9.9 Hanwha Solutions Advanced Materials Division
9.10 Shin-Etsu Polymer Co. Ltd.
9.11 Showa Denko Materials Co.
9.12 Taiflex Scientific Co. Ltd
9.13 Qinglong Adhesives
9.14 Nippon Mektron Ltd
9.15 Toray Industries, Inc
List of Tables
1 Global Bonding Sheet Market Outlook, By Region (2021-2030) ($MN)
2 Global Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
3 Global Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
4 Global Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
5 Global Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
6 Global Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
7 Global Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
8 Global Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
9 Global Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
10 Global Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
11 Global Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
12 Global Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
13 Global Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
14 North America Bonding Sheet Market Outlook, By Country (2021-2030) ($MN)
15 North America Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
16 North America Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
17 North America Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
18 North America Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
19 North America Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
20 North America Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
21 North America Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
22 North America Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
23 North America Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
24 North America Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
25 North America Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
26 North America Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
27 Europe Bonding Sheet Market Outlook, By Country (2021-2030) ($MN)
28 Europe Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
29 Europe Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
30 Europe Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
31 Europe Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
32 Europe Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
33 Europe Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
34 Europe Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
35 Europe Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
36 Europe Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
37 Europe Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
38 Europe Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
39 Europe Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
40 Asia Pacific Bonding Sheet Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
42 Asia Pacific Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
43 Asia Pacific Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
44 Asia Pacific Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
45 Asia Pacific Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
46 Asia Pacific Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
47 Asia Pacific Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
48 Asia Pacific Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
49 Asia Pacific Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
50 Asia Pacific Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
51 Asia Pacific Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
52 Asia Pacific Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
53 South America Bonding Sheet Market Outlook, By Country (2021-2030) ($MN)
54 South America Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
55 South America Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
56 South America Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
57 South America Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
58 South America Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
59 South America Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
60 South America Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
61 South America Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
62 South America Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
63 South America Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
64 South America Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
65 South America Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
66 Middle East & Africa Bonding Sheet Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Bonding Sheet Market Outlook, By Adhesive Material (2021-2030) ($MN)
68 Middle East & Africa Bonding Sheet Market Outlook, By Polyesters (2021-2030) ($MN)
69 Middle East & Africa Bonding Sheet Market Outlook, By Acrylics (2021-2030) ($MN)
70 Middle East & Africa Bonding Sheet Market Outlook, By Modified Epoxies (2021-2030) ($MN)
71 Middle East & Africa Bonding Sheet Market Outlook, By Polyimides (2021-2030) ($MN)
72 Middle East & Africa Bonding Sheet Market Outlook, By Other Adhesive Materials (2021-2030) ($MN)
73 Middle East & Africa Bonding Sheet Market Outlook, By End User (2021-2030) ($MN)
74 Middle East & Africa Bonding Sheet Market Outlook, By Construction (2021-2030) ($MN)
75 Middle East & Africa Bonding Sheet Market Outlook, By Automotive (2021-2030) ($MN)
76 Middle East & Africa Bonding Sheet Market Outlook, By Electronics (2021-2030) ($MN)
77 Middle East & Africa Bonding Sheet Market Outlook, By Telecommunication (2021-2030) ($MN)
78 Middle East & Africa Bonding Sheet Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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