Press release
Adhesive Tapes Market Will Reach USD 104870 Million By 2028 With A CAGR of 6.0% - Valuates Reports
The global Adhesive Tapes market size is estimated to be worth USD 74010 million in 2022 and is forecast to be a readjusted size of USD 104870 million by 2028 with a CAGR of 6.0% during the review period.
The Major Factors Driving The Growth Of The Adhesive Tape Market Are
The increasing use of adhesive tape in diverse industries such as Healthcare, Automotive, Electrical & Electronics, Packaging, Paper & Printing, Building & Construction is expected to drive the growth of the adhesive tape market.
Furthermore, an increase in demand for eco-friendly tapes is driving the demand for adhesive tapes.
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TRENDS INFLUENCING THE GROWTH OF ADHESIVE TAPE MARKET
In healthcare, adhesive tape is used to cover and secure wounds in order to prevent bacterial infections and to keep bandages in place. Dressings, catheters, and infusion or drainage devices are all secured with them. It's available in a variety of lengths and widths to suit a variety of bandaging requirements. The increasing use of these adhesive tapes in wound care and surgery in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina is fueling adhesive tapes market growth.
The increasing use of adhesive tapes in the electric and electronics industry is expected to drive the growth of the adhesive tape market. Electrical tapes help with thermal management, EMI / RFI Shielding, protection from Electrostatic discharge, and PC fabrication. Thermal management tapes combine the advantages of rapid and permanent component positioning with the ability to dissipate heat from sensitive components and devices over the course of their lifetime. These shielding tapes provide consistent point-to-point contact grounding and static charge dissipation. For ease of application, these products can be fabricated to accommodate a specific design.
During the forecast period, the adhesive tapes market is expected to be propelled by the growth of the automotive industry and the rapid rise in demand for adhesive tapes from the automotive sector globally. Adhesive tapes are lightweight, compact, and smooth, making them ideal for bonding electronic products, parking sensor retainers, door cladding, spoilers, and seals, among other things, in car interiors. Metal fasteners are increasingly being replaced in cars with adhesive tapes due to a growing preference for lightweight. As a result, increased automobile production will increase demand for adhesive tapes, thereby driving market growth.
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ADHESIVE TAPES MARKET SHARE ANALYSIS
Based on type, paper adhesive tape is expected to be the most lucrative. Because of the pores in the backing material, paper-backed adhesive tapes are also known as micropore tapes. These tapes are made of kraft, any other type of recyclable paper that has been coated with adhesive.
Based on region, APAC is expected to be the most lucrative. During the forecast period, the Asia Pacific adhesive tapes market in the healthcare industry is expected to grow at the fastest rate. Traditional wound care products such as dry dressings, first-aid kits, and adhesive bandages are in high demand in the region, which is driving this growth.
Based on application, healthcare & hygiene are expected to be the most lucrative. This increase is due to an aging population and an increase in the number of chronic diseases. In addition, demand for in vitro diagnostics, hydrophilic films, transdermal drug delivery patches, and oral dissolvable films is propelling the global healthcare market.
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BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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Adhesive Tapes Market By Company
• 3M
• Nitto
• Tesa
• Lintec
• Avery Dennison
• Intertape Polymer
• Shurtape Technologies
• Scapa
• Lohmann Tape
• Nichiban
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