New York, Aug. 18, 2022 (GLOBE NEWSWIRE) -- According to our new research study on Adhesive Tapes Market and films are used to bond or join the objects instead of using screws, fasteners, or welding. The tapes protect the surface and are useful in various industries such as packaging, healthcare, automotive, electrical, and construction. They are used as an alternative to liquid adhesives, which are messy and takes time for spraying or rolling on the surface. In healthcare sector, tapes are used for wound dressings, surgeries, splints, surgical containers, etc. In the construction industry, the applications they serve are wall coverings, decorative trims, mounting component on doors and windows, panels, frames, and others.
Request Sample PDF Brochure of Adhesive Tapes Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00008760/
Adhesive Tapes Market - Strategic Insights
| Report Coverage | Details |
| Market Size Value in | US$ 60.92 Billion in 2020 |
| Market Size Value by | US$ 89.44 Billion by 2028 |
| Growth rate | CAGR of 5.1% from 2020-2028 |
| Forecast Period | 2020-2028 |
| Base Year | 2020 |
| No. of Pages | 191 |
| No. Tables | 109 |
| No. of Charts & Figures | 92 |
| Historical data available | Yes |
| Segments covered | Resin Type, Technology, Tape Backing Material, and Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Key players dominating the global adhesive tapes market are 3M, Nitto Denko Corporation; Tesa SE; Avery Dennison Corporation; Intertape Polymer Group; Lintec Corporation; Berry Global Inc; Scapa; Lohmann GmbH & Co.KG; and Rogers Corporation, among others.
- In March 2021, Avery Dennison Corporation acquired JDC Solutions, a private manufacturer of pressure-sensitive specialty tapes. These tapes are used in various high-value industrial applications.
- In July 2019, Berry Global Inc acquired RPC Group Plc at approximately $ 6.5 billion. The acquisition created a leading global supplier of value-added protective solutions and one of the world’s largest plastic packaging companies.
- In April 2021, Scapa acquired Schweitzer-Mauduit (SWM) International, a UK-based design and manufacturing solutions provider for healthcare and industrial market.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00008760/
Apart from construction, electronics, printing, and healthcare, adhesive tapes find vast applications in the growing automotive sector. In Asia Pacific, the countries such as India, China, Vietnam, South Korea, Indonesia, and Taiwan are witnessing a boom in automotive industry due to substantial foreign direct investment. Automobile sales in Asia Pacific witnessed a growth of more than 6.52% during 2012–2018. Adhesive tapes are used to assemble various components on the production line. They firmly fasten the screws and bolts to accommodate the seats and dashboards in their places easily. Besides, they are used for fabric attachment on instrument panel, steering wheel wrapping, and mounting rubber and plastic profiles in the vehicle’s interior. Such a wide range of industrial applications bolsters the global adhesive tapes market.
In 2020, Asia Pacific held the largest share of the global adhesive tapes market. It is also estimated to register the fastest CAGR in the market over the forecast period. The demand for adhesive tapes is expected to increase in the region due to various factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive market has also positively contributed to the growth of the demand for adhesive tapes in Asia Pacific. These factors have also attracted foreign players to expand into the region. Additionally, the rapid growth of this region can also be attributed to the growth of the construction industry in the region. China is the world’s largest construction market and is expected to grow significantly over the next few years. Moreover, other developing economies like India is also set to grow at a tremendous rate with the focus of the region towards boosting domestic manufacturing activities.
The rubber segment held the largest share in the global adhesive tapes market in 2020. Rubber adhesives are low-cost adhesives used to manufacture adhesive tapes that are used for low-duty applications. Rubber adhesives adhere to the substrates quickly and do not require extended cure times. Generally, additives are added to rubber adhesives to improve their adhesion strength. Rubber adhesives perform better in normal room temperatures.
Avail Lucrative DISCOUNTS on “Adhesive Tapes Market” Research Study: https://www.theinsightpartners.com/discount/TIPRE00008760/
The hot-melt adhesives segment is expected to grow at the fastest rate during the forecast period. Hot-melt adhesives are thermoplastic polymer-based compositions that are 100% solids. They are solid at normal temperature and become liquid after being heated above their softening point. Hot-melt-based adhesive tapes consist of three layers—film layer, a special release coat that allows the tape to easily unwind off the roll, and an aggressive hot-melt adhesive layer. These tapes are used for various applications, such as furniture and wood working, packaging and corrugated carton sealing, DIY applications, and building & construction.
On the basis of tape backing material, polypropylene (PP) segment is leading the adhesive tapes market during the forecast period. Polypropylene is widely used as a backing material in adhesive tapes. Backing film is one of the vital components of an adhesive tape. It holds the adhesive and the primer. Polypropylene is a thermally and chemically stable material. It provides surface protection. Moreover, polypropylene is comparatively cheaper than polyvinyl chloride (PVC) and is widely available. These properties make polypropylene one of the popular materials used for manufacturing adhesive tapes. Polypropylene tapes are suitable for a wide range of sealing applications, such as food & beverage packaging, agricultural packaging, and healthcare and medical packaging.
Directly Purchase Premium Copy of Adhesive Tapes Market Growth Report (2020-2028) at: https://www.theinsightpartners.com/buy/TIPRE00008760/
Packaging is estimated to register the fastest CAGR in the market over the forecast period. Adhesive tapes are extensively used across the packaging industry. Adhesive tapes secure the packages as it forms a strong bond between the packaging surfaces. Cartons of food and beverages products are sealed using adhesive tapes as they ensure products’ safety in transit. Moreover, adhesive tapes are used to seal the packages of agricultural products. The packaging industry across the world is rapidly flourishing with the growing demand for convenience food products, agriculture products, and other consumer goods.
Impact of COVID-19 Pandemic on Adhesive Tapes Market
The impact of the COVID-19 pandemic on the global adhesive tapes market is mixed. Various industries, such as automobiles, construction, electronics and electrical, have experienced sharp declines. In contrast, the healthcare industry has grown since the outbreak due to excessive demand for PPE kits and medical equipment. With the state of economic recovery, several industries and economies are strategically planning to invest in the healthcare sector. This is expected to provide an impetus to the growth of adhesive tapes market. For instance, to reduce the impact of the COVID-19 pandemic and empower the healthcare industry, the European Union has set budgets for European countries, such as US$ 550 per capita in the UK and ~US$ 366 per capita in Germany and Ireland. Health-related initiatives comprise purchasing professional medical and personal protective equipment (PPE), expanding research capabilities, hiring additional staff and benefits, supporting hospitals and local governments, and donating vaccine production. In addition, many companies such as 3M Company, Tesa S.E., and Nitto Denko Corporation have begun to actively market the product to expand their customer base and reduce business impact. Furthermore, with the introduction of vaccines, the negative impact of the pandemic on businesses is expected to decline. Companies are starting their operations which will boost their growth in the coming years which will eventually propel the growth of adhesive tapes market over the forecast period.
Browse Latest and Related Reports:
Water Based Adhesive Market Forecast to 2028 – Covid-19 Impact and Global Analysis - by Resin Type (Acrylics, Polyvinyl Acetate Emulsion, Ethylene Vinyl Acetate Emulsion, Polyurethane Dispersions, Chloroprene Rubber Latex, Others); Application (Paper and Packaging, Woodworking, Tapes and Labels, Automotive and Transportation, Building and Construction, Others) and Geography
Acrylic Adhesive Tapes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Water-Based, Solvent-Based, Others); Application (Automotive, Medical, Packaging, Electrical and Electronics, Others) and Geography
Hot Melt Adhesive Tapes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Resin Type (Rubber, Silicone, Others); Backing Material (Polypropylene, Polyester, Others); Tape Type (Single-Sided Tape, Others); Product Type (Commodity Tapes, Specialty Tapes); Application (Packaging, Consumer and DIY, Masking, Healthcare and Hygiene, Others) and Geography
Foam Tapes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Resin Type (Acrylic, Rubber, Silicone, Others); Foam Type (Pe-Backed Foam Tape, Pu-Backed Foam Tape, Acrylic Based Foam Tape); Backing Material Type (Polyester and Polyether Urethane, Vinyl Nitrile, PVC Vinyl, PVC); Technology (Solvent Based, Water Based, Hot-Melt Based); End use industry (Automotive Building and Construction Electrical and Electronics Paper and Printing General Industrial Others) and Geography
Pressure Sensitive Adhesives Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Chemical Composition (Acrylic, Rubber, Ethylene Vinyl Acetate (EVA), Silicone, Polyurethane, Others); Type (Water Based, Hot Melts, Solvent Based, Radiation Based); Application (Labels, Medical, Graphics, Tapes, Others); End-Use Industry (Automotive, Packaging, Building and Construction, Electronics, Medical, Consumer Goods, Others) and Geography
Label Adhesives Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Process (Pressure Sensitive Adhesive, Glue Applied, In-Mold, Others); Technology (Water based, Hot Melt based, Solvent based, Others); Substrate Type (Pet Bottle, Metal Container, Glass Bottle, Polyolefin Bottle, Others); Face Material Type (Paper, Plastic); Application (Permanent Adhesives, Peelable Adhesives, Freezer Adhesives, High Temperature Adhesives); End use industry (Food and Beverage, Pharmaceuticals, Tracking Logistics and Transport, Home and Personal Care, Consumer Durables, Others) and Geography
Healthcare Adhesive Tapes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Type (Acrylic , Silicone , Rubber , Others); Backing Material (Paper , Fabric , Plastic , Others); Applications (Surgery , Wound Dressing , Splints , Secure Iv Lines , Ostomy Seals , Hygiene , Bandages, Transdermal Patches, and Blister Protection , Diagnostic, Monitoring and Medical Devices, and Optical Care , Others) and Geography
Unidirectional Tapes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Fiber (Glass, Carbon, Others); Application (Automotive, Oil and Gas, Aerospace, Others) and Geography
Seam Tapes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Single-Layered, Multi-Layered); Backing Materials (Polyurethane, Thermoplastic Polyurethane, Polyamide, Others); Application (Intimate Apparel, Shoes, Sports Innerwear, Sportswear, Casual Apparel, Others) and Geography
Splicing Tapes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Resin Type (Acrylic, Rubber, Silicone, Others); Backing Material (Paper/Tissue, Pet/Polyester, Non-Woven, Others); Application (Paper and Printing, Packaging, Electronics, Labeling, Others) and Geography
Reflective Tape Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Backing Material Type (Plastic Films-backed Reflective Tape, Rubber-backed Reflective Tape, Foam-backed Reflective Tape, Others); End-Use (Automotive, Housing and Construction, Industrial, Mining, Oil and Gas, Others) and Geography
Dicing Tapes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (UV Curable Dicing Type, Non-UV Curable Dicing Type); Backing Material (Polyvinyl Chloride , PET , Polyolefin , Others); Coating (Single Sided , Double Sided) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/adhesive-tapes-market
Industry Research: https://www.theinsightpartners.com/categories/chemicals-and-materials
