Bonding Sheet Market Forecasts to 2028 – Global Analysis By Adhesive Material (Polyimides (PI), Polyesters (PET) and Other Adhesive Materials), Adhesive Thickness (12µM (0.5MIL), 25µM (1MIL), 50µM (2MIL), 75µM (3MIL) & 100µM (4MIL)), Application and By Ge

Bonding Sheet Market Forecasts to 2028 – Global Analysis By Adhesive Material (Polyimides (PI), Polyesters (PET) and Other Adhesive Materials), Adhesive Thickness (12µM (0.5MIL), 25µM (1MIL), 50µM (2MIL), 75µM (3MIL) & 100µM (4MIL)), Application and By Geography

According to Stratistics MRC, the Global Bonding Sheet Market is accounted for $386.0 million in 2022 and is expected to reach $661.74 million by 2028 growing at a CAGR of 9.4% during the forecast period. A sheet or film that is used for surface coating or bonding and has an adhesive layer on one side is called a bonding sheet. To prevent early adherence, it has a paper release layer that is removable. Although there are occasionally textured versions available, it is typically glossy and smooth. Other names for it include simply adhesive, sheet adhesive, and pure adhesive. A bonding sheet is typically used in multi-layer laminations to connect flexible inner layers or stiff cap layers together. When rigid-flex PCBs, heat sinks, bond stiffeners, and other rigid-flex products are being produced, it is frequently used to bond flexible circuits to rigid-flex boards. In addition, it is employed for decorative

According to the OICA, in 2020, India's total vehicle production was about 3,394,446 vehicles, including passenger, commercial, three-wheeler, two-wheeler, and quadric-cycles, which declined by about 25% compared to 45,16,017 vehicles produced over the same period last year. According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019 which are estimated to be completed by 2023.

Market Dynamics:

Driver:

Miniaturization of electronic and semiconductor components

In multi-layer lamination, bonding sheets are generally used to join flexible inner layers or rigid cap layers, rigid boards and flexible circuits, as well as stiffeners and heat sinks. Adhesives are essential for joining the various components of electronic devices together. The type of adhesive used depends on a number of variables, including the bonding area, operating temperature, chemical exposure, and component shelf life. Continuous technical advancements in electronics and semiconductors provide compact design and design freedom by enabling the shrinking of electronic components. Modern adhesives, rather than soldered joints, have allowed for these technological advancements in the electronics industry. Computers & servers, communications, consumer products, industrial, medical, and automotive are just a few of the numerous industry verticals that make up the electronics sector.

Restraint:

Geopolitical uncertainties hamper free flow of goods

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. The rising nations are where these components are predominantly produced. The semiconductor business is being impacted by disputes over international trade and competition for technological dominance. The COVID-19 epidemic has had an unknown impact on the industry as well. Because of the presence of international cooperation and intense rivalry, the semiconductor supply chain is unclear. The bonding sheet market can experience slow growth due to the geopolitical dependency of the semiconductor supply chain.

Opportunity:

Light-weighting transportation equipment

The automotive industry is gradually moving toward composites, low density metals like aluminium and magnesium, ultra-high strength steels, and lightweight vehicles. Lightweight cars have a considerable potential to increase vehicle efficiency because they accelerate more quickly with less energy than heavier ones. New bonding technologies are needed for these new materials. Government rules and public demand are the main drivers of further accelerating trends in light-weighting.

Threat:

Stringent environmental regulations

Regulatory agencies including COSHH EU, REACH, GHS, and EPA are posing problems for the chemical sector. To limit VOC emissions, manufacturers in these businesses abide by laws governing the production and use of bonding sheet in a variety of applications. This has had an impact on businesses who produced bonding sheet primarily using technology based on solvents. Manufacturers face a lot of difficulty in transitioning from the solvent-based bonding sheet technology to the water-based bonding sheet technology as a result of these regulations.

Covid-19 Impact

Every nation in the globe went into some sort of lockdown during the COVID-19 epidemic, and this had a significant impact on the manufacturing sector globally. The bonding sheet market has suffered as a result of the manufacturing and supply chain disruptions. The bonding sheet market is heavily concentrated in developing nations, which also dominate the market in terms of production volume. Most of their manufacturing hubs remained under lockdowns to stop the spread of the virus because these nations turned into virus hotspots during the early COVID-19 pandemic. Manufacturers including Dexerials Corporation, NIKKAN INDUSTRIES Co., Ltd., and numerous others found their conditions aggravated by patients exhibiting reactivated COVID-19 symptoms. As a result, the area went through a significant social exclusion campaign, which had an impact on its manufacturing sectors.

The acrylic segment is expected to be the largest during the forecast period

The acrylic segment is estimated to have a lucrative growth during the forecast period. Acrylic or methyl acrylic polymers are used to make resin-based acrylic adhesives. They are extraordinarily resistant to the weather, sturdy, and efficient at joining several materials together. During the projection period, it is anticipated that the polyesters sector will have a significant market share. Polyester is a polymer, which is a chain of units that repeat themselves, held together by ester linkages.

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, due to of growing consumer electronics demand, the popularity of electric vehicles, and the shrinking of electronic components. A sizeable portion of the market is accounted for by the automotive industry. Adhesive bonding offers a number of advantages over mechanical connection for automotive components. Bonding sheet offers greater design freedom, defence against shocks and vibrations from moving vehicles, and a longer shelf life. The quantity of vehicle parts, such as fasteners, can be significantly reduced with the use of bonding sheet.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The electronics industry's demand for bonding sheets has grown as a result of population growth and urbanisation. Consumers' rising disposable incomes, bettering lifestyles, and a growing adoption 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. In the upcoming years, growth prospects would be provided by technological developments and investments in research & development.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. The U.S. is the market leader in North America as a result of customer desire for soft texture, which is made possible by the strength of bonding sheets, which increases the demand for bonding sheets in the nation. The United States, Canada, and Mexico are the nations included in the North America bonding sheets market study. Due to the region's rising need for bonding sheets as the demand for electrical and semiconductor components from the electronic industry rises, the U.S. currently dominates the market in North America.

Key players in the market

Some of the key players profiled in the Bonding Sheet Market include Nippon Mektron, Ltd., Toray Industries, Inc., Microcosm Technology Co., Ltd., DuPont, Hanwha Solutions Advanced Materials Division, Shengyi Technology Co., Ltd., Fujikura Ltd., Shandong Golding Electronics Materials Co., Ltd, Panasonic Industry Co., Ltd., Namics Corporation, Teraoka Seisakusho Co., Ltd., Dexerials Corporation and Shin-Etsu Chemical.

Key Developments:

In October 2020, Dexerials Corporation collaborated with SemsoTec Group, a Germany based automotive solutions provider for in-vehicle displays and dashboard design. Dexerials Corporation has adopted the collaborations strategy to provide technology support for automotive display in Germany. Dexerials Corporation is expected to provide high-quality optical materials and SemsoTec is expected to design automotive display to cater automotive manufacturers in Germany.

In May 2022, DuPont established a new production line for manufacturing Kapton polyimide film and Pyralux flexible circuit materials in the Ohio, US manufacturing facility. The company invested USD 250 million to expand the Electronics & Industrial business segment to cater the rising demand for polyimide films from the automotive, electronics, telecommunications, industrial, and defense industries.

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.

In April 2021, DuPont is establishing a new adhesive manufacturing facility in Zhangjiagang, China. The company invested USD 30 million for the production of bonding adhesives for electric vehicles and lightweight construction. The new facility is expected to manufacture thermal interface materials, thermal conductive adhesives, multi-material bonding adhesives, and structural adhesives. DuPont is witnessing rising demand for hybrid and electric automobiles in the China and Asia Pacific markets. The new production plant is expected to become operational by 2023.

Adhesive Materials Covered:
• Polyimides(PI)
• Polyesters (PET)
• Acrylics
• Modified Epoxies
• Other Adhesive Materials

Adhesive Thicknesses Covered:
• 12µM (0.5MIL)
• 25µM (1MIL)
• 50µM (2MIL)
• 75µM (3MIL)
• 100µM (4MIL)

Applications Covered:
• Electronics/Optoelectronics
• Telecommunication/5G Communication
• Automotive
• Building & Construction
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 2025, and 2028
- 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