Adhesive Tapes Market Research Report - Global Forecast till 2030

Adhesive Tapes Market Research Report: Information By Backing Material (Polypropylene (PP), Paper, Polyvinyl Chloride (PVC) and Others), Type (Single-Sided and Double-Sided), Resin (Acrylic, Epoxy, Rubber-Based, Silicone and Others), Application (Automotive, Healthcare, Packaging, Electrical & Electronics, Building & Construction, Retail and Others) and Region - Forecast till 2030

ID: MRFR/PNT/1186-CR | March 2021 | Region: Global | 123 Pages         

Adhesive Tapes Market

Based on the prevailing adhesive tapes market trends and demand, the global market is expecting to grow at a CAGR of 5.4% during the ongoing forecast period of 2020-2030. During this period, the global market is expecting to reach a final market value worth USD 79.9 billion.

Segmentation

By Backing Material Polypropylene (PP) Paper Polyvinyl Chloride (PVC) Others
By Type Single-Sided and Double-Sided
By Resin Acrylic Epoxy Rubber-Based Silicone Others
By Application Automotive Healthcare Packaging Electrical & Electronics Building & Construction Retail Others

Key Players

  • 3M Company (US)
  • Rogers Corporation (US)
  • Tesa SE (Germany)
  • Scapa Group PLC (Canada)
  • Nitto Denko Corporation (Japan)
  • Lintec Corporation (Japan)
  • Berry Global Inc. (US)
  • Intertape Polymer Group (Canada)
  • Lohmann GmbH (Germany)
  • Avery Dennison Corporation (US)

Drivers

  • huge increase in the prevalence of environmental concerns in the target audience
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Market Overview


Based on the prevailing adhesive tapes market trends and demand, the global market is expecting to grow at a CAGR of 5.4% during the ongoing forecast period of 2020-2030. During this period, the global market is expecting to reach a final market value worth USD 79.9 billion. The global market is expected to undergo excellent growth during the forecast period that ends in 2028 as there has been a huge degree of market growth in government policies and regulations that are related to having better control over the pollution levels followed by the rising consumer awareness regarding the use of biodegradable products on the global market scale.


COVID 19 Analysis


The international shutdown of the economic shutdown due to the sudden outbreak of the pandemic outbreak has introduced recession in various phases and for various global regions across the market world. The escalation of the pandemic at an alarming market rate has affected the growth and sales pattern that pertains to the adhesive tapes market size during the forecast period of 2021-2028. To cover the losses of the pandemic, the global governments are increasing their investments in the adhesive tapes market operations that hold a positive growth aspect followed by massive market expansion during the forecast period that ends in 2028.


Competitive Landscape


The most prominent major key players in the adhesive tapes market all across the globe are mentioned below:



  • 3M Company (US)

  • Rogers Corporation (US)

  • Tesa SE (Germany)

  • Scapa Group PLC (Canada)

  • Nitto Denko Corporation (Japan)

  • Lintec Corporation (Japan)

  • Berry Global Inc. (US)

  • Intertape Polymer Group (Canada)

  • Lohmann GmbH (Germany)

  • Avery Dennison Corporation (US)


These major key players use various strategies to sustain their market position in the adhesive tapes market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the adhesive tapes all across the globe.


Global Adhesive Tapes Market, By Region, 2019


Adhesive Tapes Market


Market Dynamics


Drivers


Owing to the present scenario and trends, the market products inclusive of adhesives are witnessing a major demand and elaborated use in a variety of industrial applications. As the market has moved forward, there has been a huge increase in the prevalence of environmental concerns in the target audience and regulatory policies are being rolled out by the global governments. Most of the global participating countries are indulging themselves in adopting and investing in an elaborated use of adhesive tapes in a variety of market applications. Adding to these driving patterns for the global market especially during the forecast period that ends in 2028, the global producers and manufacturers are being involved in the process related to the development and manufacturing adhesives.


Restraints


The adhesive tapes, as a part of the market, are a result of the processes that are inclusive of renewable resources, and further, have the potential to replace the ones in use that either harm the environment or cause a hole in the pocket of the target customers. However, the higher degree of fluctuating raw material prices is likely to hinder the growth of the global market during the review period.


These market services and products are likely to give a huge rise to the prevailing degree of competition owing to the adhesives that are synthetically derived and are thus, relatively easy to manufacture, and are available at a much less rate in comparison to others in the global market premises for the target audience. If the market producers, global market players, and manufacturers wish to overcome this restraint and help the market revive its demand during the forecast period that ends in 2028, there is a dire need for the market to make these products easily available in the market at affordable, friendly, yet competitive prices especially during the forecast period that ends in 2028.


Technology Analysis


Owing to a steep rise in the demand for market products that are both eco-friendly and secure, the concept of green buildings is enjoying a lot of trends and the much-needed limelight is a part of the same. This, in turn, is emerging as an opportunity that is give a rise to the demand for green and sustainable adhesive solutions followed by the need for adhesive tapes across various applications. Green adhesive solutions or adhesive tapes market trends are related to the processes that are renewable, recycled, bio-based, remanufactured, or make use of biodegradable materials. These are the processes that promise the provision of reliable health benefits to the occupants.


The global adhesive tapes market is likely to grow significantly during the forecast period and the growth can be attributed to the development of the automotive industry, particularly in the Asia-Pacific and European regions. Nevertheless, the expected rise in global demand for adhesive tapes in medical and packaging applications followed by the increased investments in renewable adhesive tapes are likely to give rise to the lucrative opportunity for the global adhesive tapes market in the coming future, as a part of the forecast period.


Market Segmentation


The adhesive tapes market has been divided into the global market based on the understated factors:


Based on resin type, the adhesive tapes market is segmented as follows:



  • Acrylic

  • Rubber

  • Silicone

  • Others [EVA and Butyl]


Based on backing material, the adhesive tapes market is segmented as follows:



  • Polypropylene (PP)

  • Paper

  • Polyvinyl Chloride (PVC)

  • Others [Foam, Cloth, Metal, Polyamide (PA), Polyethylene Terephthalate (PET), and Polyethylene (PE)]


Based on technology, the adhesive tapes market is segmented as follows:



  • Solvent-based

  • Hot-Melt based

  • Water-based


Based on category, the adhesive tapes market is segmented as follows:



  • Commodity Adhesive Tapes

  • Specialty Adhesive Tapes


Based on end-use industry, the adhesive tapes market is segmented as follows:



  • Commodity Adhesive Tapes

    • Masking

    • Packaging

    • Consumer & Office



  • Specialty Adhesive Tapes

    • Healthcare

    • Automotive

    • White Goods

    • Paper & Printing

    • Building & Construction

    • Retail

    • Others (Defense, Food & Beverage, Wind Energy, Solar Energy, Sports, and Aerospace)




Regional Analysis


The APAC region in the adhesive tapes market share is likely to emerge as the largest adhesive tapes market. The region is also projected to be the fastest-growing market during the forecast period that will be ending in 2028. The APAC region is witnessing strong growth owing to ongoing research and development activities and advancements in electrical & electronics, followed by others like the healthcare, and automotive industries. China, as a part of the growing adhesive tapes market value, is expected to be the major contributor. The growth in the region is mainly led by the high demand from heavy industries and consumer product manufacturing sectors.


Recent Developments



  • Socio-economic expansion in the APAC region contributes to the expansion of the global adhesive tapes market in the country. Moreover, the low cost of raw materials and ease in the availability of cheap labor for the manufacturing of tapes with adhesion properties have shown results like the increased production of low-priced tapes in the APAC region.

  • The adhesive tapes market is enhancing in the emerging economies, like China, India, Brazil, South Africa, and Indonesia. The growth in these regions is expected to witness significant growth while more developed markets that are inclusive of the US, Germany, Japan, and the UK, will witness a relatively slower growth during the forecast period ending in 2028.

  • The healthcare segment of the global market is expected to account for the largest market share during the forecast period that will be ending in 2028. In the healthcare industry, the use of adhesive tapes is high as they are applied to surgical containers, monitoring electrodes, and other medical devices like wound care applications. The global hygiene market is likely to be expanding with innovative products. Adhesive tapes used in this segment have become parts within the final consumer product and are, hence, driven by the global market demand during the forecast period of 2021-2028 for those products.


Report Overview


This global adhesives market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains the discussion of market factors that drive the growth of the adhesive tapes market in the global market along with the factors that might restrict its growth in the global market forecast period of 2021-2028. The technical analysis during the forecasted period has been well-discussed and mentioned. The impact of the outbreak of the pandemic on market operations is discussed.


Intended Audience



  • Academic medical institutes and universities

  • Research and development (R & D) firms and companies

  • Contract research organizations (CROs)

  • Adhesive tapes suppliers and manufacturers



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.4% CAGR (2020 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Backing Material, Type, Resin, and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M, Avery Dennison Corporation, H.B. Fuller Company, Henkel AG & Co. KGaA, Nitto Denko Corporation, Tesa SE, PPM Industries
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Socio-economic developments
  • Growth of the automotive industry, particularly in Asia-Pacific and Europe


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    Frequently Asked Questions (FAQ) :

    Major materials used in the adhesive tape market include polypropylene, paper, and polyvinyl chloride.

    Global adhesive tapes market is expected to exhibit a strong 5.4% CAGR over the forecast period till 2030.

    The growing healthcare and packaging industries are the major driver for the adhesive tapes market.

    Asia Pacific is expected to exhibit the highest growth over the forecast period.

    Leading players in the adhesive tapes market include 3M, Avery Dennison, and Tesa SE, among others.