Adhesive Tapes Market:
Growth opportunities in the adhesive tapes market look promising over the next six years. This is mainly due to increasing use in packing across industries and growing demand in healthcare sectors owing to the production of products with improved features.
Adhesive Tapes Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The implementation of tapes for a wide range of packing applications across various industries is one of the major drivers contributing to the growth of the global adhesive tapes market. Also, the huge demand for these tapes in the healthcare and automotive sectors led by the launch of many products with improved properties by manufacturers is promoting market growth. The introduction of environment-friendly technology for the recovery of solvents applied on the coating of adhesives is strengthening the adhesive tapes market size. Moreover, manufacturers are increasingly investing in research and development activities, emphasizing offering heat and resistant features to these tapes. For example, Rogers Corporation developed BISCO Silicones, which are resistant to temperature, UV, and ozone. The increasing government and consumer demand for less carbon footprint have made weight reduction a prominent vehicle part. It is thereby highly demanded in the automotive industry to manufacture lightweight vehicles. These tapes are a mixture of a material and an adhesive film applied to bond objects with each other instead of fasteners.
End-Use Industry Segment Drivers
On the basis of the end-use industry, healthcare is predicted to expand at a higher CAGR over the forecast period. This is owing to the tapes extensive usage in industry, such as monitoring surgical containers, electrodes & other medical devices, and wound care applications. Also, these tapes cure wounds by covering and preventing them from bacterial infections and holding bandages in place. These factors are supplementing the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to witness a faster CAGR over the forecast period. This is primarily attributed to the expanding need for these tapes in the operating healthcare industry. Furthermore, increasing infrastructure and construction to sustain the swift population growth and urbanization, like the Shanghai-Nantong Yangtze River Bridge, is a megaproject in China and is likely to be the world’s largest cable-stayed bridge. These factors significantly bolster the market growth.
Adhesive Tapes Market’s leading Manufacturers:
- AVERY DENNISON CORPORATION
- Lohmann GmbH & Co.KG
- 3M
- Intertape Polymer Group
- Rogers Corporation
- LINTEC Corporation
- Scapa Group plc
- Berry Global Inc.
- Tesa Tapes Private Limited
- NITTO DENKO CORPORATION
Adhesive Tapes Market Segmentation:
Segmentation by Resin Type
- Acrylic-Based Adhesive Tapes
- Rubber-Based Adhesive Tapes
- Silicone-Based Adhesive Tapes
- Other Adhesive Tapes
Segmentation by Technology
- Water-Based
- Solvent-Based
- Hot-Melt Based
Segmentation by End-Use Industry
- Packaging
- Electrical & Electronics
- Healthcare
- Automotive
- Building & Construction
- Retail
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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