Segments - Bonding Sheet Market by Adhesive Materials (Acrylics, Polyimides, Polyesters, and Modified Epoxies), Applications (Automotive, Electronics/Optoelectronics, and Building & Construction), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global bonding sheet market size was valued at around USD 412.80 Million in 2022, is expected to reach at around USD 791.44 Million by 2031 and is anticipated to expand at a CAGR of 7.5% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for bonding sheet from various industries.
A bonding sheet is a sheet or film containing an adhesive layer on one side that is used for surface coating or bonding. It comes with a detachable paper release layer to avoid early adhesion. It is usually smooth and glossy, although textured variations are sometimes available.
Pure adhesive, sheet adhesive, and just adhesive are other names for it. In multi-layer laminations, a bonding sheet is generally utilized to bind flexible inner layers or stiff cap layers. It is commonly employed to bond flexible circuits to rigid-flex boards, during the production of heat sinks, rigid-flex PCBs, bond stiffeners and others. Other than that, it is used for ornamental laminations.
Every country in the globe went into lockdown during the COVID-19 pandemic, which had a significant impact on the global industrial industry. The global lockdowns caused manufacturing line interruptions due to the manpower shortages and inactive logistics. The bonding sheet market has suffered as a result of manufacturing and supply chain interruptions.
Government incentive and schemes is expected to drive the market.
Varied electronic products need bonding sheet which is projected to propel the market during the forecast period.
Geopolitical uncertainties are anticipated to hinder the market as it slows down free flow of goods.
Supply chain disruptions is expected to hamper the market in the coming years.
Rising demand for novel bonding technologies are projected to create lucrative opportunities for market players.
The report on the global bonding sheet market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Bonding Sheet Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Adhesive Materials (Acrylics, Polyimides, Polyesters, and Modified Epoxies), and Applications (Automotive, Electronics/Optoelectronics, and Building & Construction) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Arisawa Manufacturing Co.; DuPont; NIKKAN INDUSTRIES Co., Ltd.; Dexerials Corporation; Nitto Denko Corporation; Showa Denko Materials Co., Ltd.; Toray Industries, Inc.; NAMICS Corporation; and Shin-Etsu Polymer Co., Ltd. |
On the basis of adhesive materials, the bonding sheet market is segmented into acrylics, polyimides, polyesters, and modified epoxies.
The acrylics segment is projected to expand at a considerable CAGR during the forecast period. Acrylic adhesives are made up of acrylic or methyl acrylic polymers and are resin-based. They are incredibly strong and effective at attaching several items together, as well as being exceedingly resistant to the elements.
The polyesters segment is anticipated to account for a major market share during the forecast period. A polyester is a polymer (a chain of repeating units) with ester connections that hold the individual units together.
Based on applications, the market is divided into automotive, electronics/optoelectronics, and building & construction.
The electronics/optoelectronics segment is expected to hold a significant share of the market in the coming years, due to rising demand for consumer electronics, electrical vehicles, and miniaturization of electronic components. The automotive segment accounts for a significant market share.
Automotive component adhesive bonding has a number of benefits over mechanical attachment. Bonding sheet allows for more design flexibility, as well as protection from vehicle shocks and vibrations and a longer shelf life. The usage of bonding sheet can greatly minimize the amount of vehicle parts, such as fasteners.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to industrial growth in the region. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to rising number of applications in the region and leading innovations and developments in the field of bonding sheet.
The global bonding sheet market has been segmented on the basis of
Key players competing in the global bonding sheet market are Arisawa Manufacturing Co.; DuPont; NIKKAN INDUSTRIES Co., Ltd.; Dexerials Corporation; Nitto Denko Corporation; Showa Denko Materials Co., Ltd.; Toray Industries, Inc.; NAMICS Corporation; and Shin-Etsu Polymer Co., Ltd.
Nitto Denko Corporation makes bonding sheets, insulating materials, automotive electronics, and other electronics goods and develops core technologies for adhesive-based products. The Industrial Tape business area sells bonding sheet under the FB-ML4 trademark.
Acrylic and polyester bonding sheets are manufactured by Nitto Denko Corporation and are used for electronics/optoelectronics, LED substrate, home appliances, and other applications. Manufacturing facilities are located in Japan as well as other Asia Pacific nations such as China, Thailand, and Korea.
DuPont (US), a renowned bonding sheet manufacturing business engaged in R&D, producing, processing, marketing, and providing bonding sheet, is another significant participant in the market. Pyralux brand bonding sheets in various grades and adhesive thicknesses for electronics, communications, automotive, and other applications are part of the company's product line.
The global bonding sheet market size was valued at around USD 412.80 million in 2022.
Government incentive and schemes is expected to drive the market.
The global bonding sheet market is anticipated to expand at a CAGR of 7.5% during the forecast period, 2023–2031.
Asia Pacific is expected to constitute a key share of the market during the forecast period.
Key players competing in the global bonding sheet market are Arisawa Manufacturing Co.; DuPont; NIKKAN INDUSTRIES Co., Ltd.; Dexerials Corporation; Nitto Denko Corporation; Showa Denko Materials Co., Ltd.; Toray Industries, Inc.; NAMICS Corporation; and Shin-Etsu Polymer Co., Ltd.