Press release
Hot Melt Adhesive Tapes Market Grow By Leading Industry Players 3M Company, Nitto Denko Corporation, tesa SE, Avery Dennison Corporation and Others.
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The Hot Melt Adhesive Tapes Market is projected to grow from US$ 15.5 Billion in 2019 to US$ 21.7 Billion by 2024, at a CAGR of 7.0% between 2019 and 2024. This report spread across 149 pages, profiling 10 companies and supported with 93 tables and 40 figures is now available in this research.
“Consumer & DIY is the largest and fastest-growing application segment of the hot melt adhesive tapes market.”
There has been a surge in demand for hot melt adhesive tapes in DIY applications, in APAC. Increasing public awareness for DIY is fueling the use of these tapes in different activities, such as gardening, crafting, and small construction & furniture projects. A majority of these tapes are used for different office and household applications.
“APAC is the largest hot melt adhesive tapes market.”
APAC accounts for the largest share, in terms of volume and value, of the global hot melt adhesive tapes market. It encompasses a diverse range of economies with different levels of economic development and multiple industries. The development is mainly attributed to the high economic growth rate followed by heavy investments across industries, such as automotive, consumer goods & appliances, building & construction, and furniture.
Report Highlights:
• To estimate and forecast the market size on the basis of five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
• To strategically identify and profile the key market players and analyze their core competencies
• To analyze and forecast the hot melt adhesive tapes market, in terms of value and volume
• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze and forecast the size of the market on the basis of adhesive resin, backing material, product type, application, and region
• To estimate and forecast the hot melt adhesive tapes market at the country-level in each of the regions
• To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
• To analyze the competitive developments, such as new product launch, investment & expansion, and merger & acquisition, in the hot melt adhesive tapes market
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Top Companies profiled in the Hot Melt Adhesive Tapes Market include are 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group Inc. (Canada).
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