Adhesive Tapes Market

Adhesive Tapes Market worth $83.8 billion by 2026

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 2026", is projected to grow from USD 63.1 billion in 2021 to USD 83.8 billion by 2026, at a CAGR of 5.8% during the forecast period.

Browse 211 market data Tables and 69 Figures spread through 265 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 2026"
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The Asia Pacific accounted for the major share of the overall market in 2020. This is due to infrastructural development in the region. The markets in Europe and North America are also expected to grow in the coming years.

Solvent-based technology segment likely to hold largest share of the adhesive tapes market during the forecasted period.

The solvent-based technology is the largest technology segment in the adhesive tapes industry globally, in terms of value. The Asia Pacific accounted for the largest share of the solvent-based adhesive technology and is expected to remain the market leader during the forecast period. Owing to environmental regulations affecting the adhesive tapes market, there are stringent requirements on reclaiming solvents such as toluene, methyl ethyl ketone, and acetone during the drying process. These solvents emit VOCs which are harmful to the environment. This is restraining the growth of the market for solvent-based adhesive tapes globally.

Paper backing material segment hold the fastest growing segment in overall adhesive tapes market during forecast period.

As paper backing material is eco-friendly, it can be easily recycled and re-pulped. Therefore, it is a good choice in regions with stringent environmental regulations such as Europe and North America. The increasing awareness about adhesive tapes in different end-use industries has led tape manufacturers focusing on products wherein these tapes can replace other fastening systems. The benefits of adhesive tapes and increasing government regulations for the manufacture of lightweight vehicles are driving the demand for adhesive tapes in the automotive industry.

Asia Pacific region likely to account the largest share of the global adhesive tapes 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. There has been high economic growth in the region over the last decade. According to the Population Reference Bureau, countries with the fastest-growing consumers such as China and India in the region had a combined population exceeding 4.5 billion (as of 2018). This is projected to become an increasingly important driver for global end-use industries such as packaging, electrical & electronics, healthcare, and automotive, led by the rapidly rising income and the fast-growing middle-class population.

The key players profiled in the adhesive tapes market report are 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), LINTEC Corporation (Japan), and Intertape Polymer Group (Canada).

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Adhesive Tapes Market Size,  Share & Growth Report
Report Code
CH 3679
PR Published ON
12/8/2021
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