The Adhesive Tapes Market size was valued at US$ 58.5 billion in 2019 and is expected to witness a CAGR of 5% through 2030.
Rising demand from packaging industry, expansion of building & construction industry, and development of high performance and specialty Adhesive Tapes are the key attributes towards the growth of global adhesive market. Adhesive Tapes are widely used for binding, sealing, joining, separating, mounting, insulating, protecting, splicing, marking, warning, repairing and strengthening applications across industrial, commercial and residential sectors.
The expansion of building and construction industry across emerging countries has fueled the demand for adhesive tapes. For instance, electrical grade adhesive tapes are used for ensuring the safety of electric wiring across residential and commercial buildings, and thus are witnessing strong demand globally. Owing to the availability of wide range of adhesive tapes, selection of adhesive tapes plays a vital role in in accomplishing a desired task.
Development of application specific or special purpose tapes is fueling the growth of adhesive tapes market. Manufacturers of adhesive tapes are focusing on development of multi-specialty adhesive tapes to cater increased demand with a major focus on heat and electrical insulation properties. Increasing demand for adhesive tapes from automotive OEM and aftermarket applications such as masking, electrical insulation, harnessing and surface protection is anticipated to contribute towards the growth of global adhesive tapes market in coming years. The global adhesive tapes market is expected to witness steady growth during the forecast period.
Asia Pacific contributed a dominating share to the global market in 2019 and is anticipated to be a dominating segment during the forecast period. Presence of leading manufacturers, availability of raw materials and minimal labor cost are the key factors fueling the growth of Asia Pacific adhesive tapes market. Increasing investment in building & construction and healthcare industries across major countries in Asia is anticipated to contributed towards the growth of adhesive tapes market in coming years.
With the United States being a leading manufacturing hub across North America, the North America adhesive tapes market is expected to witness steady growth during the forecast period. Demand from European countries is anticipated to be driven by healthcare and automotive applications during forecast period.
Adhesive Tapes Market Share Analysis, by Geography (2022)
The report titled “Adhesive Tapes Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global adhesive tapes market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Adhesive Tapes market is segmented on the basis of product type, composition, backing material, technology, type, end use industry, and geography. Based on product type, the global adhesive tapes market is segmented into single coated, double coated, transfer tape, foam tape, and others. Based on composition, the global adhesive tapes market is segmented into acrylic, rubber, silicone, and others. Based on backing material, the global adhesive tapes market is segmented into polypropylene (PP), paper, polyvinyl chloride (PVC), and others. Based on technology, the global adhesive market is segmented into water-based adhesive tapes, solvent based adhesive tapes, hot melt adhesive tapes and others. Based on type, the global adhesive tapes market is segmented into commodity adhesive tape and specialty adhesive tapes. Based on end use industry, the global adhesive tapes market is segmented into building & construction, paper & printing, semiconductor & electronics, automotive, healthcare, consumer goods, and others. Based on geography, the global adhesive tapes market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on adhesive tapes. Further, market share of prominent companies in the global adhesive tapes market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the adhesive tape manufacturing companies.
The global adhesive tapes market study would take into consideration the participants engaged throughout the supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the adhesive tapes business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global adhesive tapes market. For instance, in March 2019, Saint-Gobain launched a high-performance gray acrylic foam tape Norbond A7600.
Major players active in the global adhesive tapes market include Advance Tapes International, CCT Tapes, CMS Group of Companies, H.B. Fuller, K.L. & Ling, Kruse Adhesive Tape, Lohmann GmbH & Co.KG., NICHIBAN CO., LTD, Nitto Denko Corporation, Saint-Gobain, Scapa Group plc, Surface Shields, tesa SE, The 3M Company, and Vibac Group S.p.a.
Market Segmentation:
By Product Type:
By Composition:
By Backing Material :
By Technology:
By Type:
By End Use Industry:
By Geography :
The global adhesive tapes market is estimated to expand at a CAGR of 5% through 2030.
Rising demand from packaging industry, expansion of building & construction industry, and development of high performance and specialty Adhesive Tapes are the key attributes towards the growth of global adhesive market.
Asia Pacific contributed a dominating share to the global market. Increasing investment in building & construction and healthcare industries across major countries in Asia is anticipated to contributed towards the growth of adhesive tapes market in coming years.
Based on backing material, the adhesive tapes market is segmented into polypropylene (PP), paper, polyvinyl chloride (PVC), and others.
The global adhesive tapes market segmented on the basis of product type, composition, backing material, technology, type, end use industry, and geography.(seg. Point).
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