The global bonding sheet market size is expected to reach USD 689.75 million by 2030, according to a new study by Polaris Market Research. The report “Bonding Sheet Market Share, Size, Trends, Industry Analysis Report, By Adhesive Material (Polyimides, Polyesters, Acrylics, Modified Epoxies, Others); By End-Use Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is driven by the increasing development of miniaturized and high-performing electronics. The rise in penetration of mobile devices, advancements in telecommunication equipment, and greater adoption of automation solutions support the industry’s growth. Also, high consumer inclination toward electric and hybrid vehicles has increased the demand for these sheets in the automotive industry.
Bonding sheet is used across various industries, such as automotive, construction, communication, electronics, and others. These sheets are widely used in various industry verticals such as computers & servers, consumer goods, medical, and automotive. In 2021, the electronics segment generated notable revenue. Significant increase in demand for mobile devices and laptops, increase in adoption of automation technologies, and miniaturization of electronic devices drive the growth of this segment. The rising development of smaller and more compact electronic devices by industry players supports the growth of this segment. A rise in disposable income and improving the lifestyle of consumers would further contribute to the market growth in the coming years.
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The spread of COVID-19 impacted the global market through a disrupted supply chain, restrictions on the movement of goods and people, and the shutting of manufacturing facilities. Limited availability of raw materials, operational challenges, and lack of workforce further reduced demand from the automotive and construction sectors. However, the market experienced a rise in demand for these sheets from the consumer electronics and medical sectors during the pandemic.
Asia-Pacific dominated the global market in 2021. The increase in population, urbanization and industrial growth has increased the penetration of mobile devices in the region, leading to increased demand for bonding sheets. The established automotive sector, rise in penetration of passenger cars, and greater adoption of electric vehicles support the market growth in the automotive sector. The rise in the application of these sheets across telecommunication, construction, and automotive industries further boosts the market growth in Asia-Pacific.
Bonding Sheet Market Report Highlights
Polaris Market Research has segmented the bonding sheet market report based on adhesive material, end-use industry, and region:
Bonding Sheet, Adhesive Material Outlook (Revenue - USD Million, 2018 - 2030)
Bonding Sheet, End-Use Industry Outlook (Revenue - USD Million, 2018 - 2030)
Bonding Sheet, Regional Outlook (Revenue - USD Million, 2018 - 2030)