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Adhesive Tapes Market Analysis, Growth Opportunities and Recent Trends by Leading Manufacturers & Regions
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Based on type, the global adhesive tapes market is bifurcated into commodity and specialty tapes. The market for specialty tapes is expected to register faster growth, witnessing CAGR of 6.8% in terms of value during 2018-2023. This growth can be attributed to the ongoing developments in the automotive industry, which is resulting in the increased usage of these tapes, over traditional methods, for the fixing and fastening of parts.
In terms of volume, APAC held the largest share in the adhesive tapes market contributing more than 50.0% volume share in 2017. Emerging economies of the region, such as China, and India, are witnessing strong growth owing to ongoing R&D and advancements in the electrical and electronics, healthcare, and automotive industries.
Globally, many countries are restricting the use of hazardous chemicals required for the production of adhesive solutions. Stringent government regulations to restrict the usage of harmful chemicals in addition to shifting focus of end users toward environment-friendly products such as water-activated tape, which is biodegradable in nature.
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Some of the major players operating in the global adhesive tapes market are 3M Company, Nitto Denko Corporation, tesa SE, LINTEC Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc., Shurtape Technologies LLC, Scapa Group plc, Lohmann GmbH & Co. KG, and Nichiban Co. Ltd.
GLOBAL ADHESIVE TAPES MARKET SEGMENTATION
By Type
Commodity
Specialty
By Technology
Water-Based
Solvent-Based
Hot-Melt-Based
By End Use
Packaging
Consumer and Office
Healthcare
Automotive
Electrical and Electronics
Building and Construction
Others (Furniture, Printing, Agriculture, and Entertainment)
By Geography
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
APAC
China
Japan
India
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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