Adhesive Tapes Market to Reach US$ 69.42 Billion by 2022| 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Intertape Polymer Group, Inc, Avery Dennison Corporation

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The Adhesive Tapes Market is projected to grow from US$ 51.25 Billion in 2017 to US$ 69.42 Billion by 2022, at a CAGR of 6.26% between 2017 and 2022. The rising demand for adhesive tapes across various applications, such as packaging, healthcare, electrical & electronics, building & construction, white goods, and paper & printing is expected to drive the growth of the adhesive tapes market.

“Based on resin, the acrylic segment is expected to lead the adhesive tapes market during the forecast period.”
Based on resin, the acrylic segment accounted for the largest share of the adhesive tapes market in 2016, in terms of volume. Acrylic adhesive tapes are more firm and durable as compared to rubber PSA tapes. Properties of acrylics include fast curing time; excellent resistance to oxidation, temperature, and UV radiation; color stability; anti-aging; good balance of adhesion and cohesion; excellent water resistance; and high peel, tack, and shear strength.

Based on application, the packaging segment accounted for the largest share of the adhesive tapes market in 2016, in terms of volume. Packaging adhesive tapes find applications in food & beverage, consumer goods, heavy machinery, drugs, and other industries. The concept of online shopping has propelled the use of adhesive tapes and labels in the bonding of corrugated boards, cartons, and other packaging materials.

“The adhesive tapes market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.”
Asia Pacific is the fastest-growing market for adhesive tapes. The economic growth of emerging countries, such as China, India, Taiwan, Indonesia, Vietnam, and Malaysia, is projected to drive the demand for adhesive tapes in the Asia Pacific region. China is projected to lead the adhesive tapes market in the Asia Pacific region.

Breakup of Primary Interviews:
• By Company Type: Tier 1–65%, Tier 2–27%, and Tier 3–8%
• By Designation: C-Level Executives –46%, Directors –40%, and Others–14%
• By Region: North America–37%, Europe–21%, AsiaPacific–26%, South America–8%, and the Middle East & Africa–8%

Research Coverage:
This report provides detailed segmentation of the adhesive tapes market on the basis of resin type, technology, backing substrate, category, application, and region. Based on resin type, the market has been segmented into acrylic, rubber, silicone, and others. Based on technology, the market has been segmented into solvent-based, water-based, and hot-melt. Based on backing substrate, the market has been segmented into polypropylene, paper, Polyvinyl Chloride (PVC), and others.

Top Key Players in the “Adhesive Tapes Market” include are 3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US),Shurtape Technologies, LLC (US), and Scapa Group Plc (UK).

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Target Audience for Adhesive Tapes Market:
• Adhesive Tapes Material Suppliers
• Adhesive Tapes Manufacturers
• Raw Material Suppliers
• Formulation Technology Providers
• Industry Associations
• Automotive Companies
• Healthcare Tapes Manufacturers
• Electrical & Electronics Equipment Manufacturers
• Packaging Companies
• Research Organizations and Associations
• NGOs, Government, and Regional Agencies

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