Mergers & Acquisitions and New Product Launches are the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Bonding Films Market.
The bonding films market was valued at USD 613.5 Million in 2016 and is projected to reach USD 985.5 Million by 2022, at a CAGR of 8.2% between 2017 and 2022. Mergers & acquisitions, new product launches, and expansions are the key strategies adopted by the major players to strengthen their foothold in the bonding films market. The North American region, followed by the European and Asia Pacific regions witnessed the maximum number of strategic developments undertaken by various players between 2011 and 2016.
The key players operating in the bonding films market are Henkel AG & Co. KGaA (Germany), 3M (US), Cytec Solvay Group (Belgium), Arkema S.A. (France), Hitachi Chemical Co., Ltd. (Japan), H.B. Fuller (US), Hexcel Corporation (US), Gurit (Switzerland), DuPont (US), Rogers Corporation (US), etc. Henkel AG & Co. KGaA (Germany) is one of the leading manufacturers of bonding films across the globe. The company has been focusing on mergers & acquisitions, new product launches, and expansions to maintain its leading position in the bonding films market. For instance, in October 2015, the company acquired all the shares of The Bergquist Company (US). This helped the company to further strengthen its leadership position in the adhesives, sealants, and functional coatings market, globally. Moreover, in September 2014, the company launched Loctite Benzoxazine composites brand family, which consists of prepregs, infusion resins, and film adhesives for use in the aerospace industry.
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3M (US) and Cytec Solvay Group (Belgium) are other major players in the bonding films market. Another major player in the bonding films market, Arkema S.A. (Germany) acquired Bostik (US), which is the third-largest company in the global adhesives market in 2015. This acquisition helped Arkema broaden its product portfolio in the adhesives business segment. This acquisition also enhanced the position of the company in the specialty chemicals and advanced materials market.
Related Reports:
Bonding Films Market by Type (Epoxy, Acrylic, Polyurethane), Technology (Thermally Cured, Pressure Cured), End-Use Industry (Electrical & Electronics, Transportation, Packaging), Region - Global Forecast to 2022
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