The report “Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-melt, Water-based), Backing Material (PP, Paper, PVC), End-Use Industry (Packaging, Healthcare, E&E, Automotive) and Region – Global Forecast to 2026″, is projected to grow from USD 63.1 billion in 2021 to USD 83.8 billion by 2026, at a CAGR of 5.8% during the forecast period.
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• 211 Market data Tables
• 69 Figures
• 265 Pages and in-depth TOC on “Adhesive Tapes Market – Global Forecast to 2026”
Some of the prominent key players are:
- 3M Company (US)
- tesa SE (Germany)
- Nitto Denko Corporation (Japan)
- LINTEC Corporation (Japan)
- Intertape Polymer Group (Canada)Opportunities: Replacement of traditional fastening systems
Mechanical fastenings such as nuts and bolts, screws and rivets, and mechanical interlocks are traditionally considered the strongest and the most reliable joining methods. But joining dissimilar surfaces is challenging as the material is likely to crack due to tensile stress under high pressure and therefore lacks reliability and long-term attachment. By replacing traditional fastening systems with adhesive tapes, new applications of adhesive tapes for fixing and fastening are developed. These tapes do away with the challenges of traditional fastening systems and help enhance the lifespan of the product. Tapes also help eliminate rust & corrosion; reduce noise & vibration, manufacturing & assembly time; and enhance product design. These are proven to increase efficiency and performance while lowering production and material costs.
Solvent-based technology segment likely to hold largest share of the adhesive tapes market during the forecasted period.
The solvent-based technology is the largest technology segment in the adhesive tapes industry globally, in terms of value. The Asia Pacific accounted for the largest share of the solvent-based adhesive technology and is expected to remain the market leader during the forecast period. Owing to environmental regulations affecting the adhesive tapes market, there are stringent requirements on reclaiming solvents such as toluene, methyl ethyl ketone, and acetone during the drying process. These solvents emit VOCs which are harmful to the environment. This is restraining the growth of the market for solvent-based adhesive tapes globally.
- Asia Pacific region likely to account the largest share of the global adhesive tapes market during forecasted period.
- The Asia Pacific is the largest adhesive tapes market, in terms of both, value and volume, and is projected to be the fastest-growing market during the forecast period. There has been high economic growth in the region over the last decade. According to the Population Reference Bureau, countries with the fastest-growing consumers such as China and India in the region had a combined population exceeding 4.5 billion (as of 2018). This is projected to become an increasingly important driver for global end-use industries such as packaging, electrical & electronics, healthcare, and automotive, led by the rapidly rising income and the fast-growing middle-class population.
