Global Hot Melt Adhesive Tapes Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 7.48% during forecast period.
Global Hot Melt Adhesive Tapes Market
Increasing demand from high speed manufacturing companies is major factor driving the global hot melt adhesive market. Its broad applicability on the base material of different shapes, sizes, and composition. Predominantly, lower thermal resistance than other alternatives like water-based and solvent-based tapes may hinder the global hot melt adhesive tapes market. However, hot melt adhesive tapes’ used for bookbinding and for masking process in the woodworking industry are creating opportunities for the global hot melt adhesive tapes market.
On the basis of the product type segment, EVA global hot melt adhesives market size should surpass 3.5 billion. Increasing application scope in automobile, woodworking, and paper industries because of its dependability, versatility, intact adhesion, and durability should drive industry growth. They are specially designed to adhere to paper stock, aqueous coating, and waxes thereby promoting their usage in the packaging industry for labeling, plastic film, and carton sealing.
Based on the application segment, increasing public awareness for DIY is fueling the use of these tapes in different activities, like gardening, crafting, and small construction & furniture projects. A majority of these tapes are used for a different office and household applications. The consumer & DIY applications of global hot melt adhesive tapes market include temporary repairing of any kind of surface, sealing of leaks and holes, temporary mounting of damaged components of cars and automobiles, jointing of broken components of various tools, sealing, and packaging. Hence, the demand for consumer & DIY applications is high in the global hot melt adhesive tapes market.
In terms of region, APAC is expected to hold the largest market share during the forecast period. The demand for hot melt adhesive tapes has increased in other APAC countries, like South Korea, Singapore, India, and Indonesia, as the application activities in these countries have risen. China has been the driving force for the rapid expansion of the global hot melt adhesive tapes market, not only in APAC but also worldwide. In several countries, the factors affecting the packaging, which is a major application of global hot melt adhesive tapes market, are the increasing level of disposable income and population growth. These factors are positively influencing global hot melt adhesive tapes market growth
This report also records the present market and its growth potentials in the given period of forecast. A complete and expert outlook of the global hot melt adhesive tapes market research study report has been finished by industry professionals and presented in the most particular manner to current only the details that matter the most. The report puts clear emphasis on the most dynamic information of the global market, gained with the assistance of industry-best analytical methods.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global Hot Melt Adhesive Tapes market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global Hot Melt Adhesive Tapes market.
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Scope of the Global Hot Melt Adhesive Tapes Market
Global Hot Melt Adhesive Tapes Market, By Adhesive Resin Type
• Rubber
• Silicone
• Others
Global Hot Melt Adhesive Tapes Market, By Backing Material
• Polyurethane
• Polyvinyl Chloride
• Others
Global Hot Melt Adhesive Tapes Market, By Tape Type
• Single-Sided Tape
• Others
Global Hot Melt Adhesive Tapes Market, By Product Type
• Commodity Tapes
• Specialty Tapes
Global Hot Melt Adhesive Tapes Market, By Application
• Packaging
• Consumer & Diy
• Masking
• Healthcare & Hygiene
• Others
Global Hot Melt Adhesive Tapes Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Hot Melt Adhesive Tapes Market
• 3M Company
• Nitto Denko Corporation
• Tesa SE
• Avery Dennison Corporation
• Intertape Polymer Group, Inc.
• Scapa Group Plc
• TE Connectivity Ltd.
• Lintec Corporation
• Shurtape Technologies, LLC
• ACHEM
• Vibac Group
• Advance Tapes International
• American Biltrite Inc.
• Industrias Tuk, S.A. De C.V. (Hystik Adhesive Tapes)
• American Casting Mfg.
• Atlas Tapes
• Fabo S.P.A.
• General Sealants Inc.
• Irplast S.P.A.
• Nar S.P.A.
• Pitamas
• PPM Industries
• Pro Tapes & Specialties, Inc.
• Tape Dynasty.
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