Adhesive Tapes Market | Key players operating in the market include 3M Company, tesa SE, Nitto Denko Corp, Lintec Corp, Intertape Polymer Group

According to recent market research "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.

Browse 211 market data Tables and 69 Figures spread through 265 Pages and in-depth TOC on "Adhesive Tapes Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/adhesive-tapes-market-251563138.html

The silicone resin type segment is projected to grow at the highest CAGR than acrylic and rubber because of its higher adhesion properties. Silicone-based adhesive tapes maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. Silicone adhesive tapes consist of silicone polymers and are widely used in specific industrial applications such as electricals & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and applications involving extreme environments. These tapes are used in these applications in the form of process tapes and high-performance insulation laminates, wherein organic adhesive does not fulfill the requirements. These factors are expected to drive the demand for silicone-based tapes.

The hot-melt technology segment is projected to witness the highest growth during the forecast period. Hot-melt adhesives have an increasing demand owing to their fast-setting speed, relatively lower cost (materials and processing), and lower environmental impact. Hot-melt adhesive systems also have broad formulation latitude, enabling a large number of products to be manufactured for specific end-uses and substrates. The main attraction of this class of tapes is the extremely rapid rate of bond formation, which can translate into high production rates. In the US, hot-melt technology is widely used in tape production by key players, such as 3M Company (US) and Intertape Polymer Group, Inc. (Canada).

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=251563138

The adhesive tapes market 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. Growing use of adhesive tapes in diverse industries, rising urbanized population, and improved healthcare systems are driving the demand for adhesive tapes.

The key players of the market include 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (US), Lohmann GmbH (Germany), Berry Global Inc. (US), Scapa Group PLC (Canada), and Rogers Corporation (US). New product launches, mergers & acquisitions, and investments & expansions have been the major strategies adopted by the key players between 2016 and 2021, to enhance their market shares and expand their global presence.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251563138

In line with the rising demand for adhesive tapes, 3M Company offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through four business segments, namely, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. It manufactures adhesive tapes for varied applications through the Industrial segment. Through the Industrial segment, 3M offers a comprehensive range of adhesive tapes to meet the challenges in the appliances, aerospace, automotive, construction, MRO, electronics, commercial, transportation, and marine industries. Along with the Specialty Six (Foil Tape, Vinyl Tape, Glass Cloth Tape, Polyester Tape, PTFE Tape, and UHMW Tape), the company has an extensive portfolio of options for every application. In October 2019, the company launched upgraded sealing tape, Scotch High Tack Box Sealing Tape 375+, to meet packaging challenges. It ensures high-performance for e-commerce and other shipments and overcoming ineffective box sealing tape challenges. Through the strategy of new product launch, the company is able to cater to the demands of a wide range of industries, especially from APAC. This will boost the growth of the company and, also, its adhesive tapes business, globally.

The second most active company in the market is tesa SE (Germany). It operates through two business segments: Direct Industries and Trade Markets. The Direct Industries segment caters to various end-use industries such as automotive, electronics (mobile phones and laptops), paper & printing, and building & construction. The Trade Markets segment is further divided into two segments: General Industrial Markets (adhesive solutions for packaging and tapes required during transportation, assembling, and repairing products) and Consumer & Craftsmen (product solutions required for daily use in homes, offices, and crafts). The company has planned to adopt organic and inorganic strategies such as new product launch, investment & expansion, and merger & acquisition in the future, which will surely increase its presence and revenue globally. In January 2019, tesa SE introduced six new aluminum foil tapes which are available with and without liners. The products include tesa 50525, tesa 50565, and tesa 50575. These tapes are used in appliances, including refrigerators to seal liners of freezers for better heat transfer.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/adhesive-tapes.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/adhesive-tapes-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.