Adhesive Tapes Market

Adhesive Tapes Market worth $110.6 billion by 2028

The report "Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-melt, Water-based), Backing Material (PP, Paper, PVC), End-use Industry (Packaging, Healthcare, E&E, Automotive) and Region - Global Forecast to 2028", is growing at a high rate due to the increased demand from various sectors. The global adhesive tapes market size was USD 80.2 billion in 2022 and is projected to reach USD 110.6 billion by 2028, at a CAGR of 5.6% between 2023 and 2028. The Asia Pacific accounted for the major share of the overall market in 2022. This is attributed to infrastructural developments in the region. The markets in Europe and North America are also expected to grow in the coming years. Growth of the electrical & electronics, automotive, and healthcare industries are propelling the global adhesive tapes market. On the other hand, stringent policies on VOC emissions are projected to hinder the development of the market in these regions.

Browse 360 market data Tables and 80 Figures spread through 346 Pages and in-depth TOC on "Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-melt, Water-based), Backing Material (PP, Paper, PVC), End-use Industry (Packaging, Healthcare, E&E, Automotive) and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/adhesive-tapes-market-251563138.html

The major driver for the adhesive tapes market is the high demand from the electrical & electronics, healthcare, automotive, building & construction, white goods, paper & printing, retail, and other end-use industries. The trend toward using lightweight devices is leading to the increasing application of adhesive tapes in the electrical & electronics industry. Adhesive tapes have the ability to inhibit corrosion and offer superior bonding and esthetics. However, high prices of backing materials, volatility in crude oil prices, and the effect of the global recession on end-use industries are majorly restraining market growth. There are various opportunities for growth for both, large and small companies that specialize in niche markets. Medium-sized companies are expected to face a competitive scenario in the future. They are expected to either be acquired by larger companies or forced to merge with other companies. However, manufacturers in Europe and North America are required to follow regulations implemented by various regulatory authorities regarding the production as well as the use of adhesive tapes for various applications for reductions in emissions of VOCs. This is a challenge faced by various key players.

Acrylic, by resin type segment is expected to hold  largest share of the adhesive tapes market during the forecasted period.

The acrylic resin has a high demand owing to its beneficial chemical and physical properties, low cost, and applications in several end-use industries such as healthcare, transportation, and packaging. These acrylic adhesive tapes can be used in water-based and solvent-based technologies due to its high resistance to other solvents, water, and chemicals. Water-based acrylic adhesives are the cheapest as compared to all other resins used in the adhesive tapes industry.

Acrylic-based adhesive tapes are designed with high shear strength. These tapes are permeable to moisture (measured by the moisture vapor transmission rate). The transmission of moisture depends upon the thickness of the adhesive coating and the adhesive formulation. Acrylic-based adhesive tapes are firmer and more durable than rubber-based adhesive tapes. The properties of acrylics are fast curing time; excellent resistance to oxidation, temperature, and UV radiation; color stability; exceptional anti-aging properties; good balance of adhesion and cohesion; excellent water resistance; and high peel, tack, and shear strength. Acrylic-based adhesive tapes have high demand in spite of higher costs than rubber-based adhesive tapes due to the above-mentioned properties. Acrylic-based adhesive tapes are widely used in the healthcare and automotive industries owing to their properties of excellent adhesion.

The demand for acrylic-based adhesive tapes is increasing majorly in the Asia Pacific region because of the growing electrical & electronics, healthcare, and automotive industries. The properties of acrylic-based adhesive tapes lead to high demand in North America and Europe, where environmental regulations regarding solvent-based technology are stringent. The prices of acrylic-based adhesive tapes are also comparatively lower than those of other types.

Hot-melt, by technology segment hold the fastest growing segment in overall adhesive tapes market during forecast period.

The hot-melt technology is the fastest-growing segment in the overall adhesive tape. With the structural level bond developing over time as the adhesive cures via atmospheric moisture, the hot-melt based technique offers processing advantages such near quick fastening. Many different sectors use hot-melt technology for a variety of purposes. The major consumer of hot-melt-based adhesive technology is the electrical and electronics sector, where adhesive tapes are used to bond coil winds and coil ends. The automotive sector also uses hot-melt based adhesive tapes for wheel covers, headlight coverings, and the attachment of insulating and cushioning materials to metal frames.

Polypropylene (PP)-backed adhesive tapes accounted largest share of the global adhesive tapes market during forecasted period.

Polypropylene-backed adhesive tapes are recyclable, flexible, water & abrasion-resistant, and strong. These tapes accommodate both smooth and irregular surfaces effectively. PP adhesive tapes comes with or without adhesives. It is also referred to as mono-axial-oriented polypropylene (MOPP) film, biaxially oriented polypropylene (BOPP) film, , fiberglass-reinforced filament polypropylene film, and tensilized polypropylene (TPP) film. Based on the chemistry, PP adhesive tapes are usually used for electrical insulation applications. These tapes cannot be printed with ink or made wet by adhesives due to their low hydrophilicity.

Asia Pacific is the largest consumer of PP adhesive tapes. These tapes cater to a wide variety of industries in the fast-moving consumer goods (FMCG) sector which is growing rapidly due to factors such as increasing urban population, demand for pharmaceutical supplies, increasing consumer awareness, and growth of the e-commerce industry. Demand for adhesive tapes is also increasing in applications such as medium & heavy-duty carton sealing, gift wrapping & decoration, general-purpose repairs, bundling & strapping, and stationery. Market growth is driven by the increasing demand from India, South Korea, China, Indonesia, and other countries.

Commodity adhesive tapes likely to account a largest share of the global adhesive tapes market during the forecast period.

Commodity adhesive tapes accounted for a higher share of the overall adhesive tapes market, in terms of volume, in 2022. High demand for commodity tapes is from the continuously growing retail and packaging industry. These tapes are also used to pack goods for shipments in bulk quantities hence trending e-commerce industry is also boosting the commodity adhesive tapes. Moreover, the rising number of SMEs are likely to lead to an growing demand for office supplies, which will ultimately increase demand for these tapes.

Asia Pacific region likely to account the largest share of the global polyurea coatings market during forecasted period.

The Asia Pacific is the largest adhesive tapes market, in terms of both, value and volume, and is projected to be the fastest-growing market during the forecast period. The plast decade have seen significant economic growth in the region.  As of 2018, the population of the region's fastest-growing consumer nations, China and India, was over XX billion, according to the Population Reference Bureau. With rapidly growing income and the fastest-growing middle class population, this is expected to become an increasingly important driver for a various global end-use industries, including electrical & electronics, packaging,  healthcare, and automotive.

The key players following the strategies between 2018 to 2022 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), LINTEC Corporation (Japan), Intertape Polymer Group (Canada). The companies are majorly following product launch, merger & acquisition, and expansion as the strategy to grow and expand the market.

Don’t miss out on business opportunities in Adhesive Tapes Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Adhesive Tapes Market Size,  Share & Growth Report
Report Code
CH 3679
PR Published ON
4/18/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Adhesive Tapes Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home