Adhesive Tapes Market 2021 Growth Overview by Top Key Players – 3M; Nitto Denko Corporation; Tesa SE; Lintec Corporation; Avery Dennison Corporation

Global Adhesive Tapes Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Adhesive Tapes data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as 3M; Nitto Denko Corporation; Tesa SE; Lintec Corporation; Avery Dennison Corporation; Intertape Polymer Group Inc; Henkel AG; Lohmann GmbH & Co.; Scapa Group PLC; DuPont de Nemours Inc.; H.B. Fuller Company; Shurtape Technologies LLC; Advance Tapes Intern.

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The global adhesive tapes market is expected to grow from $57.04 billion in 2020 to $61.01 billion in 2021 at a compound annual growth rate (CAGR) of 6.96%. The growth is mainly due to the increased demand for adhesive tapes from end-users like healthcare, electrical & electronics, and automotive industries. The market is expected to reach $79.83 billion in 2025 at a CAGR of 7.0%.

Market Overview:

Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involves high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry in assessing and managing the risks involved in the manufacturing, transporting and disposing of chemicals increased in the historic period. Adhesives have to be compliant with complex regulations that govern labeling, handling, manufacturing, and shipping and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, was a major restraint for adhesive tape companies.

The launch of eco-friendly tapes is a key trend in the adhesive tapes market. Several countries around the world have banned the use of toxic materials used in the manufacture of adhesive goods. Increased demand for recyclable tapes has been driven by federal policies as well as a change in end-user emphasis toward environmentally sustainable goods. Many companies are shifting from plastic to bio-degradable materials like paper and cellulose for manufacturing tapes. In January 2020, Monta, a German-based manufacturer of self-adhesive tapes for packaging and consumer use, has introduced Monta Biopack, a modern self-adhesive tape. Monta Biopack is made up of about 90% renewable materials. This environmentally friendly adhesive tape biodegrades in a matter of months, closing the natural recycle circle. In another instance, in January 2021, Italy based IRPLAST launched its ECO+ tape which is made of 34% post-industrial recycled IRPLAST BOPP film. The cores are made from recycled cardboard and the tape reduces emissions with no loss in adhesion quality.

Industry News:

In March 2021, ATP Adhesive Systems Group, a Switzerland-based company engaged in developing and manufacturing client-specific adhesive products announced the acquisition of BDK Industrial Products Ltd. for an undisclosed amount. The acquisition is expected to improve the market position of both the companies and helps them to provide a broader variety of customized products such as Medical adhesive tapes and customized adhesive tapes to their clients. BDK Industrial Products Ltd. is a UK-based specialized adhesive tape converter that has developed itself as a solution provider for healthcare and other industry customers.

Market Scope:

1) By Resin Type: Acrylic; Rubber; Silicone; Others
2) By Material Type: Polypropylene (PP); Paper; Polyvinyl Chloride (PVC); Others
3) By Technology Type: Solvent-Based; Hot-Melt Based; Water-Based
4) By End Use: Packaging; Consumer and Office; Healthcare; Automotive; Electrical and Electronics; Building and Construction; Others

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Adhesive Tapes size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Adhesive Tapes by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Adhesive Tapes manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Adhesive Tapes with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Adhesive Tapes submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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